Analysis: Currencies

Powell says Fed may need to cut rates, will proceed carefully

JACKSON HOLE, Wyoming -Federal Reserve Chair Jerome Powell on Friday signaled a possible interest rate cut at the U.S. central bank's meeting next month, saying that risks to the job market were...

US DOJ to probe Fed's Cook, urging removal, Bloomberg News reports

JACKSON HOLE, Wyoming -The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and...

Investors see risks for market as Powell walks tightrope at Jackson Hole

NEW YORK -Investors are bracing for volatility as Federal Reserve Chair Jerome Powell walks a fine line between curbing inflation and supporting the labor market, with thin August trading poised to...

Fed's expansive experiment in strategy to get a reboot at Jackson Hole

JACKSON, Wyoming -The U.S. Federal Reserve's pivot toward the labor market in 2020 will get a reboot on Friday when Fed Chair Jerome Powell is expected to release a new framework for the central bank...

Dollar gains before key Powell speech at Jackson Hole on Friday

NEW YORK -The dollar gained on Thursday before a highly anticipated speech by Federal Reserve Chair Jerome Powell on Friday will be evaluated for any new clues on whether the U.S. central bank is...

BOJ chief's dogged caution tempers board's hawkish instincts

TOKYO -In 2024, Kazuo Ueda delivered Japan's first interest rate hike in 17 years, a bold shift for a central bank once dominated by advocates of ultra-loose monetary settings - now, the Bank of...

US tech-stock stumble shows vulnerability in AI trade

NEW YORK -U.S. technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away...

Exclusive-Judge in US crosshairs warns Brazil banks not to apply sanctions locally

BRASILIA -Brazilian Supreme Court Justice Alexandre de Moraes, who recently had sanctions imposed on him by the U.S. government, told Reuters that courts could punish Brazilian financial institutions...

Trump calls on Fed Governor Cook to resign over mortgage allegations

WASHINGTON -President Donald Trump on Wednesday called on Federal Reserve Governor Lisa Cook to resign on the basis of allegations made by one of his political allies about mortgages she holds in...

Tech angst on AI doubts

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets In markets, the trigger for sudden confidence swoons is often elusive,...

Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show

WASHINGTON -The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other...

BOJ governor Ueda to travel to Jackson Hole for Fed conference

TOKYO -Bank of Japan Governor Kazuo Ueda will travel to Jackson Hole from Thursday to join the U.S. Fed's annual conference in Wyoming, the Japanese central bank said on Wednesday. ...

Trading Day: Tech it down a notch

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Wall Street slumped on Tuesday,...

Fed's Bowman suggests allowing central bank staff to own small amounts of crypto products

WASHINGTON -The Federal Reserve's top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better...

Currencies: A week of tension

Despite news about US inflation, the major currency crosses have changed little over the past week. However, things could change quickly with the meeting between the US president and European leaders...

US housing starts tick higher in July, led by apartment construction

Groundbreaking for new U.S. single-family homes and permits for future construction ticked higher in July even as high mortgage rates and economic uncertainty continued to hamper home purchases,...

Brazil challenges legitimacy of US trade probe, urges dialogue

BRASILIA/SAO PAULO -Brazil submitted its formal response to a U.S. trade investigation on Monday, rejecting the allegations while challenging the legitimacy of the probe itself. While...

Trading Day: Muted Monday, eyes on Trump summitry

ORLANDO, Florida -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Many world markets took a breather on...

Chinese firms in legal battle over Brazil food delivery

SAO PAULO -A Brazilian subsidiary of China's ride-hailing company DiDi Global sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according...