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Powell: Fed could lower forecast from two rate hikes in 2019 Powell: The Fed could cut forecast from two rate hikes this year. The Fed chief reiterated his remarks last week that the central bank will be patient Powell also reiterated Thursday that he and other Fed policymakers not affected by President Trump’s repeated criticism of the Fed increases, which Trump says have slowed the economy, undercutting his promises for faster growth Why is the Federal Reserve raising interest rates and how will that decision affect your wallet
Census Bureau says funding for 2020 count could last into early February if shutdown continues. But experts say survey could be at risk sooner. Dozens of other surveys the bureau conducts have been stopped outright, leading to information gaps that could destabilize the U.S. economy, economists say. That data, which the Census Bureau collects for the (also-closed) Bureau of Economic Analysis, are used to generate GDP, GNP and national income reports If there’s enough of that interruption, it will have consequences we can’t anticipate well into the future
Oil eases after rally as trade talk hopes fade, China data weak Oil prices were slightly lower on Thursday in see-saw trade, easing the day afte... REUTERS/Christian Hartmann Brent crude LCOc1 futures fell 23 cents to $61.21 a barrel, by 1:09 p.m. EST (1809 GMT) China’s producer prices in December rose at their slowest pace in more than two years, a worrying sign of deflationary risks Data out of China, weak inflation and the consummation of China-U.S Our Standards:The Thomson Reuters Trust Principles
North Korea news: Trump summit with Kim Jong-un 'IMMINENT' A SECOND meeting between Donald Trump and Kim Jong-un is “imminent” – because North Korea’s supreme leader has been given the green light by China, South Korea’s President Moon Jae-in has predicted. However, nuclear disarmament talks appear to have stalled since the Singapore summit, at which it was agreed both sides would work toward the complete denuclearisation of the Korean Peninsula A meeting with Kim will certainly take attention off his decline in popularity, but for how long and at what cost
Morgan Stanley Is More Bullish on Boeing Stock Share buybacks and margin improvement make the aerospace firm especially enticing. Morgan Stanley analyst Rajeev Lalwani raised his rating on Boeing to Overweight from Equal Weight, and raised his price target by $50 to $450. Lalwani gives credit to the company’s best in class management team for these catalysts, and he believes that, should his most bullish scenario play out, there’s as much as 60% upside in the stock Make the Connection Barron’s likes Boeing’s prospects too
Corporate America distances itself from Trump’s policies The largest business lobbying group in the US has hit out at the Trump administration, criticising some of the president’s flagship policies on trade and immigration If you look at the Mexican border where you can cross the border and where you can’t cross the border it’s a very, very complex issue
Opinion | Behind Xi’s Bluster Is a Vulnerable China Trump’s policies have America surging, while Chinese growth could slow further still. This bluster is typical for a regime deeply concerned about appearing weak The U.S. economy, on the other hand, is on an upward trajectory While concerns about an economic slowdown have roiled stock markets, consumer spending remains strong Appeared in the January 10, 2019, print edition
China mobilises 'ship killer’ nuke missiles amid face-off with US Navy CHINA says it has mobilised its new “ship killer” nuclear missiles days after an admiral threatened to sink two US aircraft carriers. Giant rocket launcher vehicles apparently carrying … Government mouthpiece The Global Times warned: The DF-26 is China’s new generation of intermediate-range ballistic missile capable of targeting medium and large ships at sea Donald Trump hit China with $200billion of tariffs in September and threatened all-out trade war
Pacific trade deal spurs Canadian farm sales to Japan as U.S. watches At the Canadian embassy in Tokyo last month, beef promoters flew in a chef from ... REUTERS/Todd Korol/File Photo The annual Canadian beef buffet reception attracted 126 people, up sharply from the usual 30 to 40 Now Harmony is planning its first shipment next month of 52,000 pounds of fresh and frozen beef We put pressure on and fast-tracked the Japan approval, said Harmony’s director of marketing Cam Daniels Our Standards:The Thomson Reuters Trust Principles
Ford, Jaguar slash thousands of jobs across Europe Ford and Jaguar Land Rover unveiled sweeping job cuts across Europe on Thursday ... JAGUAR CUTS Jaguar Land Rover, which is owned by Tata Motors and employs around 40,000 people in Britain, on Thursday reported a 4.6 percent drop in full-year sales to just under 600,000 vehicles It lost 354 million pounds between April and September 2018 Our Standards:The Thomson Reuters Trust Principles
Probability of a recession rises to the highest in 7 years: WSJ Survey The odds of a recession have grown to the highest level in seven years, according to a monthly poll by The Wall Street Journal. While December'sstronger-than-expected jobs report shows the labor market remains solid, the U.S. manufacturing PMI (Purchasing Managers Index) hit a 15-month low in the same month The stock market has rebounded in the new year on the optimism towards a trade deal between Beijing and Washington Click here for the original Wall Street Journal report
For Wall Street, Can The Bears Finally Take Charge In 2019? A recession is coming. Eventually. Global investors don't see one happening this year. Bear and bull statues stand outside the Frankfurt Stock Exchange A divided congress in the U.S. means Trump is now like Obama and forced to govern largely by executive orders *Gulp.* Maybe the next recession will be short-lived This is the time where we sow the seeds of the next economic boom
Stocks little changed as trade talks, data disappoint An index of world stock markets was little changed on Thursday after a four-day ... Investors will be looking for new clues on U.S. interest rate policy when Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Washington at about 12:45 p.m. ET U.S. Treasury yields fell as stocks weakened on disappointment over the lack of specifics on resolving the U.S.-China trade dispute, while shorter-dated debt outperformed following Wednesday’s dovish Federal Reserve meeting minutes Our Standards:The Thomson Reuters Trust Principles
Thomas Donohue, U.S. Chamber head, urges Congress, White House to end 'dysfunction' of shutdown The president of the U.S. Chamber of Commerce called on Congress and the White House Thursday to resolve the government shutdown, saying the 20-day-old impasse threatens economic growth and delays solutions on immigration, infrastructure and trade. "Governing by crisis is no way to do the nation's business," Chamber CEO Thomas Donohue said in his annual address on the state of American business. "Our leaders must responsibly fulfill their duties. Dysfunction saps confidence, threatens growth, and consequently poses a threat to opportunity in this country." Mr. Donohue said policymakers should reach a deal that includes protection from deportation for so-called Dreamers who came to the U.S. illegally as minors, and border security funding Tariffs that were due to take effect on Jan. 1 have been put on hold for 90 days while talks continue
China vice president urges dialogue for stable China-U.S. ties: Xinhua China's Vice President Wang Qishan urged for dialogue and consultations for... Qishan said the two countries should respect each other’s sovereignty, security and development interests and properly handle and control differences, according to the Xinhua report China and the United States made progress on structural issues in talks this week, after a trade war disrupted the flow of goods worth hundreds of billions of dollars Our Standards:The Thomson Reuters Trust Principles