Edition:
International

Dan Burns

Fed may opt for faster phase-out of housing-backed bond purchases

Jun 11 2021

The Federal Reserve could stop adding to its holdings of mortgage-backed securities (MBS) several months before it finishes increasing its stockpile of Treasuries, if the findings of a Reuters poll of economists are a guide.

Biden's big budget comes with a modest growth outlook for an aging country

May 28 2021

President Joe Biden's first budget proposal comes with a big price tag - at $6 trillion, roughly 50% higher than pre-COVID-19 federal spending - but, at least for now, projects a relatively modest long-term lift to the economy, likely reflecting concerns about the aging U.S. population. | Video

Treasury sell off in February highlights ongoing liquidity risk - Fed

May 06 2021

A bruising bond market sell-off earlier this year appears to remain high on the minds of Federal Reserve officials, who in a report on Thursday singled out the event as illustrative of continuing liquidity issues in the $21 trillion U.S. Treasury market.

As bank earnings roll in, a mixed picture for loans

Apr 14 2021

JPMorgan Chase & Co, the largest U.S. bank and often heralded as a bellwether for the economy, on Wednesday reported an eye-popping increase in its profit for the first quarter.

Fed's Powell: U.S. economy at an 'inflection point' - CBS '60 Minutes'

Apr 11 2021

The U.S. economy is at an "inflection point" with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increase in coronavirus cases, Federal Reserve Chair Jerome Powell said. | Video

UPDATE 1-Biden: American Rescue Plan is sowing signs of hope for U.S. economy

Mar 25 2021

March 25 U.S. President Joe Biden on Thursday said the economic outlook is brightening thanks to the recent passage of his $1.9 trillion pandemic relief package, and a majority of economists now expect growth this year to exceed six percent.

Fed's Powell: U.S.-driven global recovery could help lift laggards like Europe

Mar 17 2021

The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank's top official.

Fed's Powell: U.S. leading global recovery, could help lift laggards like Europe

Mar 17 2021

March 17 The U.S. economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal Reserve forecasts indicate, but that divergence is not worrying to the central bank's top official.

Unfazed by bond market, Fed sets course for sustained, easy policy

Mar 05 2021

U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. Treasury yields in recent weeks, and hope for a robust recovery.

Fed's Bullard not particularly worried by rise in Treasury yields

Mar 05 2021

The recent run-up in yields on longer-dated U.S. Treasury securities reflects improving expectations for the economy, St. Louis Federal Reserve President James Bullard said on Friday, adding that he is not eyeing a specific level of yields that might concern him.

World News

'Pingdemic' puts Britain's food supply under strain

LONDON (Reuters) -British supermarkets said on Thursday that some products were in short supply and petrol stations had been forced to close after the official health app told hundreds of thousands of workers to isolate following contact with someone with COVID-19.