By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed lower in volatile trading on Wednesday following a policy announcement by the Federal Reserve that raised interest rates by an expect[...]
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December 14, 2022
Fed pledges more rate hikes despite fears of economy stalling
By Howard Schneider, Ann Saphir and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 bas[...]
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Fed hikes rates by 50 bp, as expected, keeps hawkish tone
(Fixes typographical error in Haworth quote in 22nd paragraph to make it “than” instead of “that”) NEW YORK (Reuters) – The Federal Reserve raised interest rates by half[...]
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Securities trader charged in New York with front-running employer’s trades
(Reuters) – An equities trader at a large U.S. asset manager was criminally charged with using information about his employer’s trades to make tens of millions of dollars in an insider tra[...]
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Ecuador’s trade agreement with China is ‘practically closed,’ says Lasso
GUAYAQUIL, Ecuador (Reuters) – Ecuadorian President Guillermo Lasso said on Wednesday that the country is on the verge of closing a free trade agreement with China, a deal that would increase ex[...]
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Wall Street lukewarm on Fed’s slower rate hike
By Lawrence Delevingne (Reuters) – Wall Street stocks dipped on Wednesday, while Treasury yields were flat and the dollar edged up, after the U.S. Federal Reserve announced that it would raise i[...]
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U.S. import prices drop further; inflation pressures easing
By Lucia Mutikani WASHINGTON (Reuters) – U.S. import prices fell for a fifth straight month in November, pulled down by declining costs for petroleum products and a strong dollar, supporting the[...]
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Fed’s Powell says inflation data received in Oct and Nov shows ‘welcome reduction’
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that recent data showing lower price pressures is not enough for the central bank to change it[...]
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Brazil’s incoming Finance Minister Haddad says fiscal expansion won’t help at the moment
BRASILIA (Reuters) – Brazil’s incoming finance minister Fernando Haddad on Wednesday said fiscal expansion would not help the economy at the moment, downplaying market jitters on an expect[...]
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