Edition:
United States

Howard Schneider

As U.S. 'superstar' cities thrive, weaker ones get left behind

8:07am EDT

NASHVILLE, Tenn. In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center.

Fed: Sunny outlook for U.S. despite shade thrown by trade

Jul 17 2019

WASHINGTON The U.S. economy grew at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of disruptions caused by U.S. trade policy, the Federal Reserve reported on Wednesday.

Fed: Sunny outlook for U.S. despite shade thrown by trade

Jul 17 2019

WASHINGTON, July 17 The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of disruptions caused by U.S. trade policy, the Federal Reserve reported on Wednesday.

As Fed nears rate cut, policymakers debate how deep, and even if

Jul 17 2019

CHICAGO With the first U.S. interest rate reduction in a decade expected later this month, two Federal Reserve policymakers sketched out arguments on Tuesday on how deep the cut should be, even as a third said she needs more data before being ready to sign on at all.

RPT-Groping for new tools, central banks look at Japan's yield controls

Jul 15 2019

TOKYO/WASHINGTON/FRANKFURT, July 15 (Reuters) - J apanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including U.S. Federal Reserve officials grappling with how to bolster their options as prospects for the global economy darken.

Groping for new tools, central banks look at Japan's yield controls

Jul 15 2019

TOKYO/WASHINGTON/FRANKFURT Japanese-style interest rate caps are drawing interest from global central bankers worried about a downturn, including U.S. Federal Reserve officials grappling with how to bolster their options as prospects for the global economy darken.

Fed's Evans: 'A couple' of rate cuts needed to boost inflation

Jul 12 2019

CHICAGO The Fed should cut interest rates by half a percentage point before the end of the year to boost persistently weak inflation and convince the public that policymakers are serious about their 2 percent inflation target, Chicago Federal Reserve president Charles Evans said on Friday.

Fed's Powell affirms rate cut view; others see U.S. economy humming

Jul 11 2019

ATLANTA/VICTOR, Idaho As Federal Reserve Chair Jerome Powell kept the focus Thursday on global risks that could trigger a Fed rate cut in coming weeks, his colleagues from regional Fed districts painted a rosier picture of continued U.S. economic growth and a solid business outlook.

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