By Shubham Batra and Amruta Khandekar (Reuters) – Wall Street’s main indexes climbed on Tuesday after consumer prices in the world’s largest economy rose in line with expectations, bolstering bets of a smaller interest rate hike by the Federal Reserve at its next meeting. Data showed that U.S. Consumer Price Index (CPI) rose 0.4% in …
Wall St gains as inflation data bolsters bets of smaller rate hike Read More »
By Ann Saphir (Reuters) – The Federal Reserve is seen raising its benchmark rate a quarter of a percentage point next week and again in May, as a government report showed U.S. inflation remained high in February, and concerns of a long-lasting banking crisis eased. Prices of fed funds futures after the report reflected solid …
Fed seen raising rates by 25 bps next week and in May Read More »
By Valerie Insinna WASHINGTON (Reuters) – Boeing Co said on Tuesday it delivered 28 aircraft in February, down from 38 deliveries the previous month amid supply-chain problems and a delivery pause of several weeks involving the 787 Dreamliner. The U.S.-based aerospace giant has delivered 66 aircraft since the beginning of the year, equivalent to the …
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased solidly in February as Americans faced persistently higher costs for rents and food, posing a dilemma for the Federal Reserve, whose fight against inflation has been complicated by the collapse of two regional banks. Economists were divided on whether the report from the Labor Department …
Higher rents boost US consumer prices in February Read More »
By David Shepardson and Valerie Insinna (Reuters) -Two Saudi Arabian airlines announced plans on Tuesday to order a combined 78 Boeing 787 Dreamliners, a big win for Boeing that marks the fifth largest commercial order by value in its history. State-owned Saudi Arabian Airlines (Saudia) and new national airline Riyadh Air will each buy 39 …
Boeing nabs order for 78 787 Dreamliners from two Saudi airlines Read More »
By Pete Schroeder WASHINGTON (Reuters) -Democratic U.S. Senator Elizabeth Warren on Tuesday called on Federal Reserve Chair Jerome Powell to recuse himself from an internal review of recent bank failures, saying his actions “directly contributed” to them. In a separate letter, Warren pressed ex-Silicon Valley Bank CEO Greg Becker for details on the bank’s lobbying …
Warren urges Powell to recuse from SVB probe, demands answers of ex-bank CEO Read More »
WASHINGTON (Reuters) -The House Financial Services Committee chairman on Tuesday urged confidence in the nation’s banking system, saying the Federal Reserve and the Federal Deposit Insurance Corporation are acting within the law after the collapse of two U.S. banks raised concerns about the banking sector and roiled world markets. “The Fed is doing what the …
NEW YORK (Reuters) – U.S. consumer prices increased in February amid sticky rental housing costs, but economists are divided on whether rising inflation will be enough to push the Federal Reserve to hike interest rates again next week after the failure of two regional banks. The Consumer Price Index (CPI) rose 0.4% after accelerating 0.5% …
Instant View: U.S. Feb CPI increase leaves market guessing on Fed Read More »
By Pete Schroeder, Douglas Gillison and Hannah Lang WASHINGTON (Reuters) – U.S. regulators are likely to let emergency measures announced Sunday to shore up investor confidence in the banking sector sink in and increase scrutiny of the industry before intervening with any further steps, regulatory experts said. Fears remained on Wall Street on Monday despite …
US bank regulators may take wait-and-see approach before intervening again Read More »
By Daniel Trotta (Reuters) – U.S. President Joe Biden will announce an executive order on Tuesday that reinforces background checks for gun buyers in what the White House is promoting as the most comprehensive policy the president can enact without Congress. The order will also strengthen federal support for red flag laws intended to stop …
Biden to reinforce background checks for gun buyers Read More »
