Reuters US Economy

(Reuters) – Officials at the U.S. Federal Reserve are carefully considering possible adjustments to key parts of the pending “Basel III endgame” overhaul for bank capital regulations, the central bank’s supervision chief said on Tuesday, including operational risk calculations and potential offsets for mortgage servicing. The remarks from Fed Vice Chair for Supervision Michael Barr …

Fed considering changes to Basel proposal: supervision chief Read More »

By Megan Davies and Leela de Kretser NEW YORK (Reuters) – U.S. Secretary of State Antony Blinken, French President Emmanuel Macron and key Middle East leaders are slated to attend next week’s World Economic Forum, putting talks to end wars in Gaza and Ukraine at the top of the agenda for the global elite. The …

Global elite gather against WEF’s most complex backdrop so far Read More »

By David Lawder VIENNA, Va. (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday that she believes a top-line federal spending deal reached by congressional leaders over the weekend is consistent with last June’s debt ceiling agreement and will not harm the Internal Revenue Service’s modernization drive in the near term. Yellen, speaking to reporters …

Yellen says top-line federal spending deal consistent with debt ceiling pact Read More »

By Howard Schneider ATLANTA, Georgia (Reuters) – Atlanta Federal Reserve President Raphael Bostic said on Monday that with inflation still above the central bank’s 2% target, his bias is for monetary policy to remain tight even though overall risks in the economy have become balanced between those posed by rising prices and those posed by …

Atlanta Fed’s Bostic says bias remains for policy to stay tight Read More »

By Daniel Wiessner and David Shepardson (Reuters) -The administration of U.S. President Joe Biden will release a final rule as soon as this week that will make it more difficult for companies to treat workers as independent contractors rather than employees that typically cost a company more, an administration official said. The U.S. Department of …

Biden administration to unveil contractor rule set to upend gig economy Read More »

By Lewis Krauskopf NEW YORK (Reuters) – A “soft landing” economic scenario in the United States could boost an array of stocks ranging from healthcare to industrials to small-cap shares, depending on how strong growth is, Morgan Stanley strategists said in a note on Monday. Most market participants and macro forecasters expect a soft landing …

U.S. ‘soft landing’ scenario could boost healthcare, industrials shares -MS strategists Read More »

MEXICO CITY (Reuters) – Mexico’s headline inflation likely sped up slightly in December for the second consecutive month, a Reuters poll showed on Monday, while the closely monitored core rate was expected to continue its descent. Mexico’s central bank, known as Banxico, remains “slightly hawkish” in its monetary policy stance and plans to hold its …

Mexico’s headline inflation likely ticked higher in December- Reuters poll Read More »

By Amina Niasse NEW YORK (Reuters) – U.S. homebuyer confidence improved in December, with more homeowners anticipating that mortgage rates would fall further this year, but it could take sometime for housing supply to recover as many remain hesitant to sell their homes. Mortgage finance agency Fannie Mae said on Monday its Home Purchase Sentiment …

US homebuyer confidence up in December; more see loan rates falling Read More »