By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion debt ceiling and as a rebound in regional bank sha[...]
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May 17, 2023
US dollar scales seven-week peak after solid data, debt-ceiling optimism
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism about a deal to extend the debt ceiling and avert a U.S. default and amid[...]
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NY Fed report finds decline in downside economic risks
By Michael S. Derby NEW YORK (Reuters) – Risks to the economic outlook in a time of a rapid Federal Reserve rate increases remains high, even as it eased a bit, according to a report Wednesday f[...]
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Oil settles up $2 on optimism about US debt ceiling, demand
By Laura Sanicola (Reuters) -Oil prices settled up about $2 on Wednesday as optimism over oil demand and U.S. debt ceiling negotiations outweighed worries about abundant supply. Brent crude futures se[...]
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Wall Street rallies, dollar gains as debt limit talks progress
By Stephen Culp NEW YORK (Reuters) – Wall Street moved higher on Wednesday, gathering momentum in afternoon trading, and the dollar touched a six-week high as regional banks surged and negotiati[...]
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Fraud in Massachusetts is boosting US weekly jobless claims, economists say
WASHINGTON (Reuters) – Fraudulent filings for state unemployment insurance aid in Massachusetts could be distorting U.S. weekly unemployment claims data, economists warned on Wednesday, making i[...]
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US SEC proposes plan to bolster clearing houses’ resiliency
By John McCrank NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to propose a plan to bolster the resiliency of clearing houses during times of significant mar[...]
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Fed to keep rates untouched this year; risk of U.S. default high: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will hold its key interest rate steady this year despite an expected recession, according to a Reuters poll of economists, who al[...]
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Price pressure in Russia gradually intensifying -central bank
MOSCOW (Reuters) – Russia’s central bank on Wednesday said price pressure was gradually intensifying after a period of restrained price growth in the second half of last year, and that ann[...]
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