(Reuters) – The Federal Reserve has been “pretty aggressive” already with its interest rate hikes and won’t try to crash the economy with further sharp increases just to get in[...]
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November 30, 2022
Dollar dips as Powell says rate hikes may slow
By Karen Brettell NEW YORK (Reuters) – The dollar dipped on Wednesday after Federal Reserve Chairman Jerome Powell said that the U.S. central bank could scale back the pace of its interest rate[...]
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Silicon Valley leaders welcome Elon Musk’s management of Twitter
(Reuters) – Silicon Valley leaders welcomed Elon Musk’s management of Twitter, with Netflix co-founder Reed Hastings going so far as to call the billionaire “the bravest, most creati[...]
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U.S. firms more pessimistic about economic outlook, Fed survey shows
By Lindsay Dunsmuir (Reuters) – U.S. firms flashed mixed signals on the strength of the economy, inflation and labor demand in the month and a half before the Thanksgiving holiday and were more[...]
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Oil settles up $2 on tighter supply; OPEC+ talks limit gains
By Laura Sanicola (Reuters) -Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. Capping gains, the OPEC+[...]
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NYSE president says IPO proceeds fall more than 90%
By John McCrank, Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) -Volatility and market uncertainty have taken a big hit on the number of companies going public, driving down initial public offering[...]
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U.S. job openings fall in October; labor market still tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings decreased in October, but remained significantly high, pointing to continued labor market resilience despite the Federal Reserve’[...]
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Fed Chair Powell: cutting rates is not something to do soon
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the U.S. central bank should use a “risk management” approach to raising rates, going “slower and feeling our[...]
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Emerging market policymakers dare to hope for brighter 2023
(Reuters) – Policymakers in Asia and Africa voiced growing economic optimism at a Reuters conference on Wednesday, chiming with a rally in emerging markets, an expected slowdown in U.S. rate hik[...]
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