By Richard Cowan, Leah Douglas WASHINGTON (Reuters) -Democrats in the U.S. Congress expressed frustration with President Joe Biden’s willingness to engage with Republicans demanding tougher work[...]
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May 19, 2023
Fed’s Williams says world of low interest rates still prevails
By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. and other major economies are still in a fundamentally low-interest-rate world despite[...]
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Wall Street opens higher on hopes of debt ceiling deal
(Reuters) – Wall Street’s main indexes opened higher on Friday on optimism that a deal to avoid a catastrophic U.S. debt default could be reached over the weekend. The Dow Jones Industrial[...]
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Fed’s Williams declines to connect monetary policy outlook to neutral rate view
NEW YORK (Reuters) – New York Fed president John Williams declined on Friday to connect the current monetary policy outlook to new work of his that reconfirms major economies are still in a fund[...]
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US equity funds experience eighth straight week of outflows
(Reuters) – U.S. equity funds saw an eighth straight week of net outflows in the seven days to May 17 as soft U.S. economic data and debt ceiling talks weighed on investor sentiment. Investors s[...]
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Fed’s Bowman backs ‘targeted’ bank rules reform but not ‘radical’ change
Federal Reserve Governor Michelle Bowman on Friday repeated her call for the U.S. central bank to hire an outside party to analyze the collapse of Silicon Valley Bank, and against using that failure a[...]
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ECB eyes additional steps to tackle bank deposit risks
MILAN (Reuters) -The European Central Bank is considering whether requirements tailored for individual lenders could help address the risks arising for those holding large amounts of uninsured deposit[...]
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Canada March retail sales down 1.4% on autos, seen up 0.2% in April
May 19 (Reuters) – Canadian retail sales fell by 1.4% in March from February at C$65.29 billion ($48.83 billion), on lower sales at motor vehicles and parts dealers, as well as gasoline stations[...]
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Global equity funds post outflows for fifth week in a row
(Reuters) – Global equity funds suffered outflows for a fifth straight week in the week to May 17, undermined by uncertainties over U.S. debt ceiling and concerns about global economy, with soft[...]
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