U.S. Markets
LATEST NEWS FROM U.S. MARKETS
U.S. Markets
US construction spending inches up in May, but homebuilding weak
U.S. construction spending edged up in May as higher mortgage rates because of the Middle East conflict constrained homebuilding.
U.S. Markets
IMF chief economist Gourinchas says global economy remains firmly 'dollar-centered'
Global trade flows and relationships are shifting after U.S. President Donald Trump imposed unilateral tariffs on most countries, but the U.S. dollar continues to anchor internat...
U.S. Markets
Fed's Williams: Inflation still too high, rate policy 'well positioned' to lower price pressures
Federal Reserve Bank of New York President John Williams said on Thursday that while inflation pressures are likely to moderate this year they remain too high, as he pushed back ...
U.S. Markets
US May PCE inflation rises 4.1%, keeping Fed hike in play
U.S. inflation increased further in May, breaking above 4.0% for the first time in three years as the Middle East conflict boosted energy prices, and keeping an interest rate incr...
U.S. Markets
ECB's Kazimir: next steps will depend on data but direction is clear
Damage from the conflict in the Middle East cannot be removed overnight and the European Central Bank still has work to do, ECB policymaker Peter Kazimir said on Tuesday.
U.S. Markets
Foreign holdings of US Treasuries rise in April, led by Japan, UK, data shows
Foreign holdings of U.S. Treasuries rose in April, data from the Treasury Department showed on Thursday, led by gains by the two largest holders of government dent -- Japan...
U.S. Markets
Warsh takes Fed pulpit with immediate challenges, longer-term agenda
Federal Reserve Chairman Kevin begins what he has promised will be an agenda of broad change at the monetary policy authority.
U.S. Markets
Record petroleum exports help to shrink US trade deficit in April
The U.S. trade deficit narrowed in April as exports of petroleum products and capital goods jumped to record highs, a trend that if sustained, will put trade on course to contribut...
U.S. Markets
Foreign demand steadies at US Treasury auctions in June
Foreign investors increased purchases of two- and five-year U.S. Treasury notes while slightly reducing demand for seven-year debt at an auction earlier this month, amid signs ...
U.S. Markets
World food prices slip in May, still near three-year high, FAO says
World food prices slipped in May from a revised April level, with vegetable oil prices falling for the first time this year while cereals and sugar jumped, the United Nations Food...
U.S. Markets
Boston Fed paper says Fed can concentrate on inflation risks amid energy shock
A change in how Americans use energy should allow the Federal Reserve to focus monetary policy decisions on the inflationary impact of the Middle East war oil price shock, new res...
U.S. Markets
U.S. prosecutors are asking about private markets valuations, DOJ's Clayton says
Manhattan's top federal prosecutor said on Wednesday he and his staff are asking questions in the private asset marketplace about valuations, as concerns rise about opacity in th...
U.S. Markets
US construction spending beats expectations in April
U.S. construction spending increased more than expected in April, boosted by single-family homebuilding, though rising mortgage rates amid the war with Iran continued to cast a sh...
U.S. Markets
Rising exports lower US goods trade deficit in April
The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was unlikely to be sustaina...
U.S. Markets
Fed Chair Warsh's preferred inflation measure is cooling. A big pinch of salt is advised
One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again on Thursday, offering evidence for his belief inflation is improving and against t...
U.S. Markets
Fed's Musalem says he wanted to remove 'easing bias'
St Louis Federal Reserve President Alberto Musalem on Thursday said that he was one of several U.S. central bankers last month who felt the Fed should remove the "easing bia...
U.S. Markets
Fed's Musalem says rate hike may be needed if inflation doesn't ease
St. Louis Federal Reserve President Alberto Musalem on Thursday said the central bank may need to increase its policy rate if inflation does not resume easing within the next six ...
U.S. Markets
Fed's Musalem says it's risky to bet that AI will ease inflation
St. Louis Federal Reserve President Alberto Musalem on Thursday offered a skeptical view of the expectation that artificial intelligence will reduce inflation by fueling a surge i...
U.S. Markets