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Fed's Warsh faces challenge whether inflation is a problem or not

Fed's Warsh faces challenge whether inflation is a problem or not

By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 27 (Reuters) - U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-digit pace as households swallowed a 3.7% jump in
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Key inflation gauge remains elevated during Iran war and ongoing US trade fights

Key inflation gauge remains elevated during Iran war and ongoing US trade fights

An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs
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Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights

Key inflation gauge remains elevated during Iran conflict and ongoing US trade fights

An inflation measure closely watched by the Federal Reserve was unchanged last month in the latest sign that many Americans are still struggling with higher costs
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US data buoys dollar as Fed hike expectations nudged higher

US data buoys dollar as Fed hike expectations nudged higher

By Chuck Mikolajczak NEW YORK, Aug 26 (Reuters) - The dollar advanced on Wednesday after a batch of U.S. economic data, including a reading on inflation, that slightly pushed up expectations for a rate hike from the Federal Reserve ahead of the Jackson Hole symposium of central bankers this week.
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Analysis-Bessent, Warsh diverge on who should set the price of money

Analysis-Bessent, Warsh diverge on who should set the price of money

By Karen Brettell Aug 27 (Reuters) - Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh appear at odds over a question at the heart of U.S. financial policy. How hands-off can policymakers be when it comes to setting a price for money?
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Nasdaq poised to lead Wall St after Nvidia puts AI fears to rest

Nasdaq poised to lead Wall St after Nvidia puts AI fears to rest

By Purvi Agarwal and Niket Nishant Aug 27 (Reuters) - The S&P 500 and the Nasdaq were set to open higher on Thursday after Nvidia's blockbuster forecast renewed investor confidence in the AI trade and boosted technology stocks.
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US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says

US rates need to rise soon absent evidence of ongoing drop in inflation, Fed's Collins says

By Howard Schneider WASHINGTON, Aug 25 (Reuters) - The U.S.
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Explainer-Jackson Hole's big question: who pays the government's bill?

Explainer-Jackson Hole's big question: who pays the government's bill?

Aug 25 (Reuters) - Rising borrowing costs for heavily indebted governments and growing strains in sovereign bond markets are forcing investors to confront a question once considered unthinkable: will central banks ultimately be called on to help pay the bill?
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Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks

Dollar struggles for traction as markets weigh Iran sanctions, Treasury buybacks

By Jiaxing Li HONG KONG, Aug 25 (Reuters) - The U.S. dollar struggled to hold onto gains against major peers on Tuesday, as investors parsed Washington's expanded Iran-related sanctions and renewed efforts to ease pressure on longer-dated Treasury yields.
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Dollar little changed as Iran sanctions, Treasury buybacks gauged

Dollar little changed as Iran sanctions, Treasury buybacks gauged

By Chuck Mikolajczak NEW YORK, Aug 25 (Reuters) - The U.S. dollar was roughly unchanged on Tuesday, as investors weighed Washington's expanded sanctions against Iran and renewed efforts to ease pressure on longer-dated Treasury yields.  The greenback had stumbled late last week after U.S.
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Dollar higher after Iran sanctions, loonie drops after US announces tariff increases

Dollar higher after Iran sanctions, loonie drops after US announces tariff increases

By Chuck Mikolajczak NEW YORK, Aug 24 (Reuters) - The U.S. dollar advanced on Monday, coming off its third weekly decline in four that sent the greenback to three-month lows after President Donald Trump's administration announced an expansion of sanctions on Iran and separate tariffs on goods from
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US inflation remains sticky in July; second-quarter GDP growth unrevised at 1.5%

US inflation remains sticky in July; second-quarter GDP growth unrevised at 1.5%

Aug 26 (Reuters) - Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pause in the decline from a recent war-induced peak is likely to intensify the central bank's debate over whether interest rates should be lifted