February job report, Powell’s visit to Capitol Hill are on investors’ radar this week
It is a crucial week for economists and investors as key economic data will be released, along with two days...
Money/Forex Markets
U.S. trade in goods deficit widens 2.6% in January
The numbers: The U.S. trade deficit in goods widened 2.6% to $90.2 billion in January, according to the Commerce Department’s advanced...
Fed’s Barr says banking system is strong despite New York Community Bancorp woes
The recent troubles at New York Community Bancorp Inc. are not a sign of systemic problems in the U.S. banking...
Fed’s Barkin says it makes sense to be ‘patient’ on rate cuts
It is a good idea for the Federal Reserve to take its time with interest-rate cuts given all of the...
Powell tells ’60 Minutes’ the economy’s strength allows Fed to be careful about rate cuts
Federal Reserve Chairman Jerome Powell on Sunday said that the strength of the economy allows the Fed to be “careful”...
Fed’s Goolsbee says January jobs report was ‘almost breathtaking’ on the surface
Chicago Fed President Austan Goolsbee said Friday that while the January job report was impressive on the surface, underlying details...
Fed is ‘not yet at that point’ of lowering interest rates, Bowman says
The Federal Reserve is not yet at the point where it can start gradually lowering interest rates, Fed governor Michelle...
U.S. auto sales softened in January
U.S. new vehicles sales softened in January, the Commerce Department said Friday. January sales of lightweight trucks and autos fell...
ISM factory index improves but stays in contractionary territory for 15th straight month
The numbers: A closely watched index that measures U.S. manufacturing activity rose to 49.1% in January from 47.1% in the...
Powell says a March rate cut isn’t likely. But don’t overlook his other comments.
Federal Reserve Chair Jerome Powell used his press conference Wednesday to throw cold water on market expectations that the Fed...
