By David Randall NEW YORK (Reuters) – Fears of stagflation are percolating on Wall Street, as investors await data that could shed light on whether the Federal Reserve is succeeding in tamping d[...]
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May 5, 2023
Dow has best day since Jan. 6 after Apple rally, jobs data
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks rallied on Friday, with the Dow posting its biggest one-day percentage gain since Jan. 6, as shares of Apple surged more than 4% after u[...]
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US bank lending touches record as deposits fall, Fed data shows
(Reuters) -Deposits at U.S. commercial banks fell toward the end of April to the lowest in nearly two years, data released on Friday by the Federal Reserve showed, while overall credit provided by ban[...]
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Stocks rally while Treasuries fall as US jobs data brightens outlook
By Sinéad Carew and Naomi Rovnick NEW YORK/LONDON (Reuters) – A global gauge of stocks rallied and U.S. Treasuries and gold sold off on Friday as strong U.S. jobs data brightened the economic ou[...]
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Fed’s Goolsbee: ‘way too premature’ to expect June rate hike
-Chicago Federal Reserve Bank President Austan Goolsbee on Friday said it is “way too premature” to suggest that stronger-than-expected job gains in April mean the central bank will need t[...]
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Fed’s Bullard: ‘Open mind’ on June meeting, though rates still may need to rise
By Howard Schneider WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Friday he was ready to keep an “open mind” about whether to raise rates or hold t[...]
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Dollar dips against euro as jobs gains offset by negative revisions
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economist[...]
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US job growth accelerates despite interest rate hikes
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in April while wage gains increased solidly, pointing to persistent labor market strength that could compel the Federal Reser[...]
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St. Louis Fed’s Bullard says rate increase this week was good ‘next step’
WASHINGTON (Reuters) – The quarter point rate increase approved by the Federal Reserve this week was “a good next step” in the fight against inflation, St. Louis Fed President James[...]
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