Tag: Federal Reserve

Big week for markets: Brexit, Fed and elections to collide

BY PAN PYLAS LONDON (AP) — Investors around the world are bracing for a series of events this week that could potentially cause waves in markets. And, for once, they’re not directly about U.S. President Donald Trump. From the expected launch of Britain’s exit from the European Union to the Federal Reserve’s discussion of another interest rate hike, there’s a lot that could cause volatility and even put a brake on the so-called Trump Bump, the months-long rally in stocks. “This week is most unusual from a macro point of view as there is a heavy concentration of ‘event...

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Higher gas prices push US consumer inflation up 0.4 percent

WASHINGTON (AP) — Rising energy costs pushed consumer prices higher in October, but overall inflation remains tame. The Labor Department said Thursday that its consumer price index rose 0.4 percent last month, the most since April and up from a 0.3 percent increase in September. Over the past year, consumer prices are up 1.6 percent. That’s the most since October 2014 but below the Federal Reserve’s 2 percent annual inflation target. Despite low inflation, the Fed has hinted that it might resume raising U.S. interest rate at its next meeting Dec. 13-14. The Fed raised rates nearly a year...

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US factory activity picked up in September

WASHINGTON (AP) — U.S. manufacturing rebounded in September after contracting in August. New orders and production at factories increased, although employment fell – a sign that manufacturers have yet to fully stabilize after a difficult year. The Institute for Supply Management said Monday that its manufacturing index rose to 51.5 in September from 49.4 in August. Any reading above 50 signals expansion. U.S. factories have faced a brutal slowdown over the past year. The strong dollar made their goods less affordable overseas, hurting exports. Lower oil prices caused energy companies to cut back on orders of equipment and pipeline....

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Strong US Payrolls Give Stock Markets A Boost

  LONDON (AP) — Forecast-busting U.S. jobs data gave stocks a boost Friday, as investors breathed a sigh of relief that a weak reading in May wasn’t a sign that the world’s largest economy was slowing sharply at a time when Britain voted to leave the European Union. KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was up 0.5 percent at 6,566 while Germany’s DAX rose 1.3 percent to 9,545. The CAC-40 in France was 0.9 percent higher at 4,154. Wall Street was poised for a solid open, with Dow futures and the broader S&P...

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US economy grew at slightly faster 1.1 percent in Q1

WASHINGTON (AP) — The U.S. economy grew slightly faster at the start of the year than previously estimated, even though consumer spending posted the smallest gain in two years. The gross domestic product expanded at an annual rate of 1.1 percent in the first quarter, an improvement from the 0.8 percent rate released last month, the Commerce Department reported Tuesday. While growth prospects for the spring look even better, the shockwaves from Britain’s decision to leave the European Union could spread to the U.S. economy in the coming months. Economists forecast growth of around 2.5 percent in the current...

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What the Federal Reserve wants to see before raising rates

WASHINGTON (AP) — So what will it take for the Federal Reserve to finally raise interest rates? The U.S. economy is now in its seventh straight year of expansion. It’s growing at a steady if unexciting 2.2 percent annual rate. Unemployment has sunk from a 10 percent peak to a reassuring 5.1 percent. Auto and home sales have accelerated. Yet on Thursday, Fed officials declined to lift rates from record lows. The decision left some Fed watchers mystified over what the central bank needs to see to begin phasing out a policy it launched in 2008 to help save...

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European markets soothed by Chinese assurances

LONDON (AP) — Attempts by Chinese officials to reassure investors have helped European markets post some modest gains Monday, on a day when trading activity is diminished by a U.S. holiday. KEEPING SCORE: In Europe, France’s CAC-40 climbed 0.5 percent to 4,545 while Germany’s DAX rose 0.6 percent to 10,102. The FTSE 100 index of leading British shares was 0.5 percent higher at 6,073. Wall Street is closed Monday for the Labor Day holiday. CHINA RHETORIC: China’s central bank governor, finance minister and securities agency all tried to reassure investors over the weekend that market turmoil was ending. At...

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US stocks close out their worst month in 3 years

NEW YORK (AP) — August was a brutal month for investors. Fears about a slowdown in China’s economy and concerns about when the Federal Reserve will raise interest rates pushed stocks sharply lower this month. While the market recovered much of the ground it lost, the Standard & Poor’s 500 index still finished August down 6.3 percent, its worst showing since May 2012. The selling started midway through the month after China shocked investors by devaluating its currency. The move, an effort to boost China’s economy, seemed to have the opposite effect. Global investors interpreted the decision as a...

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World stocks fall after Fed suggests September rate hike possible

BEIJING (AP) — Markets slumped Monday after a U.S. Federal Reserve official suggested a September interest rate hike still was possible and weak Japanese factory activity provided more evidence of a sluggish global economy. KEEPING SCORE: Dow Jones futures slumped 170 points and the Standard & Poor’s 500 gave up 20. In Europe, France’s CAC-40 fell 0.9 percent to 4,632.59 and Germany’s DAX lost 0.9 percent to 10,211.13. The U.K. was closed for a holiday. Wall Street looked set for losses at the open. FED PLANS: The Fed vice chairman, Stanley Fisher said there was a “pretty strong case”...

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US consumer prices up a slight 0.1 percent in April

WASHINGTON (AP) — U.S. consumer prices were up slightly in April for the third straight month, suggesting that an improving economy could be setting the stage for the Federal Reserve to raise interest rates later this year. Consumer prices edged up 0.1 percent from the previous month, when prices rose a modest 0.2 percent, the Labor Department said Friday. Overall gains were held back by a 1.3 percent drop in energy costs that offset the biggest one-month jump in medical care in eight years. Core inflation, which excludes volatile food and energy, climbed 0.3 percent – the biggest gain...

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