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Auto loans hit record high and some other consumer debt rising, New York Fed says

Auto loans hit record high and some other consumer debt rising, New York Fed says

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - U.S. consumers took out a record amount in auto loans in the second quarter and boosted their credit card and home equity balances as well, the New York Fed said in its latest household debt and credit report on Tuesday.
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Atlanta Fed's Venable: Inflation too high, with prospect of easing dependent on events in Middle East

Atlanta Fed's Venable: Inflation too high, with prospect of easing dependent on events in Middle East

By Howard Schneider WASHINGTON, Aug 11 (Reuters) - Atlanta Fed interim President Cheryl Venable said on Tuesday that inflation remains too high, a message heard from contacts across the Southeast, with the likelihood of easing price pressures tied to "unpredictable geopolitical events, particularly
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Morning Bid: Long bond bother

Morning Bid: Long bond bother

By Mike Dolan Aug 11 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets With U.S.
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Morning Bid: Fed's Cook grilled again

Morning Bid: Fed's Cook grilled again

By Mike Dolan Aug 10 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets Even though it allowed Wall Street stocks to clock another record high on Friday, the surprise drop in July U.S. payrolls didn't shift interest rate markets as much as
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BOJ's debate on faster hikes bolsters September rate move odds

BOJ's debate on faster hikes bolsters September rate move odds

By Leika Kihara TOKYO, Aug 10 (Reuters) - The Bank of Japan's case for a September rate hike strengthened after a growing chorus of policymakers argued for a more forceful response to mounting inflation risks, a summary of opinions at their July meeting showed on Monday.
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Trading Day: Strait talking

Trading Day: Strait talking

By Jamie McGeever ORLANDO, Florida, Aug 10 (Reuters) - Wall Street wobbled and oil prices leaped 5% on Monday, as hopes of a U.S.-Iran peace deal and reopening of the Strait of Hormuz faded, while investors looked ahead to U.S. inflation data later in the week and remained on alert for more
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US health agency moves to increase oversight of food additives

US health agency moves to increase oversight of food additives

By Leah Douglas WASHINGTON, Aug 10 (Reuters) - The U.S. Food and Drug Administration on Monday took steps to increase oversight of food additives as part of the Trump administration's "Make America Healthy Again" initiative. President Donald Trump and Health and Human Services Secretary Robert F.
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Economic Disparities Narrow as U.S. Wealth Gap Shows Signs of Closing

Economic Disparities Narrow as U.S. Wealth Gap Shows Signs of Closing

Economic Disparities Narrow as U.S. Wealth Gap Shows Signs of Closing
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Oil rises 3% as Iran tempers hopes of Hormuz reopening

Oil rises 3% as Iran tempers hopes of Hormuz reopening

By Arathy Somasekhar HOUSTON, Aug 10 (Reuters) - Oil prices jumped 3% on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the Strait of Hormuz is reopened.
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Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade

Oil climbs 5% as Iran, US both demand compensation and Hormuz hopes fade

By Arathy Somasekhar HOUSTON, Aug 10 (Reuters) - Oil prices settled 5% higher on Monday after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait of Hormuz.
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Oil rises 4% as Iran, US both demand compensation and Hormuz hopes fade

Oil rises 4% as Iran, US both demand compensation and Hormuz hopes fade

By Arathy Somasekhar HOUSTON, Aug 10 (Reuters) - Oil prices jumped over 4% on Monday after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait of Hormuz.
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TransUnion Reports Significant Rise in U.S. Credit Card Debt Amid Financial Planning Trends

TransUnion Reports Significant Rise in U.S. Credit Card Debt Amid Financial Planning Trends

TransUnion Reports Significant Rise in U.S. Credit Card Debt Amid Financial Planning Trends