As White House Watches, Fed's Powell to Hint Yes or No on Rate Cuts
U.S. Federal Reserve Chair Jerome Powell's speech to the annual Jackson Hole economic conference Friday comes amid unprecedented pressure on the central bank from President Donald Trump, but mixed economic data may pull Powell toward a middle ground that leaves major...
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Fed Officials Lukewarm on September Rate Cut
Three Federal Reserve officials appeared lukewarm on Thursday to the idea of an interest rate cut next month, as investors geared up for U.S. central bank chief Jerome Powell's speech to the annual Jackson Hole conference in Wyoming.
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Chocolate lovers, brace yourselves: prices are rising, but not forever
"There is this ongoing deficit in the in the market, big depletion of availability of cocoa beans and availability of products," one analyst told CNBC.
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DOJ Urges Cook's Removal From Fed as Probe Gets Underway
The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board, it was reported Thursday. A letter to Powell from Ed ...
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Germany's Industry in Accelerated Decline
Germany's industrial sector has made headlines for years - none of them good. Now, a new report by consultancy EY (Ernst & Young) lays bare the full extent of the economic deterioration in what was once the Federal Republic's growth engine.
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US Home Sales Rise as Mortgage Rates Ease a Bit
Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in five years.
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