By Sinéad Carew and Amruta Khandekar (Reuters) – The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal[...]
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January 4, 2023
UK businesses face ‘bleak’ outlook after poor end to 2022: BCC
By David Milliken LONDON (Reuters) – British businesses are gloomy about prospects for 2023 as they face the likelihood of a surge energy bills and ongoing post-Brexit trade difficulties, the Br[...]
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Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes show
By Howard Schneider WASHINGTON (Reuters) -All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate incre[...]
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Oil falls more than 5% on global economy worry, China COVID cases
By Laila Kearney NEW YORK (Reuters) -Oil fell by more than $4 a barrel on Wednesday, posting the steepest percentage loss in the first two trading days of any year for over 3 decades, as investors wor[...]
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Stocks, bonds jump as investors shrug off hawkish Fed minutes
By Koh Gui Qing NEW YORK (Reuters) -Global stocks and bonds closed higher on Wednesday on cautious optimism about the new year after a brutal 2022, although U.S. stocks eased off session highs after t[...]
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Inflation drives Britain’s record Christmas grocery sales
By James Davey LONDON (Reuters) – British grocery sales rose 9.4% to a record 12.8 billion pounds ($15.3 billion) in the four weeks to Dec. 25, though growth was driven by price inflation rather[...]
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Kashkari sees Fed’s target interest rate peaking at 5.4%
(Reuters) – The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has peaked, Minneapolis Fed President Neel Kashkari sa[...]
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Dollar holds losses as Fed minutes fail to surprise
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar held at lower levels on Wednesday after minutes from the Federal Reserve’s December meeting offered no surprises or new information about t[...]
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FOMC in Dec worried about “misperception” that inflation fight flagging
NEW YORK (Reuters) – All officials at the Federal Reserve’s December meeting agreed to slow the pace of its aggressive interest rate increases, allowing them to continue raising the cost o[...]
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