Today’s top business headlines with ChristineRomans before the opening bell on Wall Street:
London 1. Rate relief: Stock markets are rallying after the US Federal Reserve suggested it could cut rates.
Fed Chair Jerome Powell said Tuesday that he's closely monitoring developments on trade. President Donald Trump's trade wars with Mexico and China have in recent days spooked markets, increasing attention on the Fed."As always, we will act as appropriate to sustain the expansion," Powell said at a monetary policy conference in Chicago.Powell did not say whether a rate cut was needed. But his comments suggest the central bank is now considering a move to support the economy.
Wednesday — EIA crude oil inventories; US services data; American Eagle Outfitters and Campbell Soup earnings Thursday — ECB and Reserve Bank of India rate decisions; Europe's GDP growth estimate; Beyond Meat earnings
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Fed Would Consider Interest-Rate Cuts if Growth Outlook DarkensFederal Reserve Vice Chairman Richard Clarida said the U.S. economy remains “in a very good place” but indicated the central bank would consider interest-rate cuts if economic data revealed a risk of a sharper slowdown than officials expect.
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Renowned New Orleans chef Leah Chase, who fed civil rights leaders, dies at 96The celebrated chef wrote cookbooks, appeared on cooking shows and fed civil rights greats such as Thurgood Marshall and the Rev. Martin Luther King Jr.
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Explainer: The Fed wants ideas on how to target inflationThe Federal Reserve is convening experts to discuss overhauling how the world&0...
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Pick your poison: For Fed, it's higher inflation or an inevitable return to quantitative easingThe Great Recession ended a decade ago this month, but for the U.S. Federal Rese...
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Low-Inflation Trap That Ensnared Japan and Europe Worries FedAs the central bank wraps up a yearlong review, the Fed faces questions on how it should handle its 2% inflation target going forward.
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Fed advised to talk plainly and carry a big stick ahead of conferenceAct quick in a crisis, talk simpler all the time, and do not be afraid of faster...
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Low inflation dogs Fed as it reviews policy frameworkIn late 1969, with U.S. unemployment at 3.5%, consumer prices were rising at aro...
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Stocks in Asia set to trade higher; Fed signals potential rate cutStocks in Asia were set to trade higher on Tuesday amid ongoing global trade tensions. The Reserve Bank of Australia is also set to announce its interest rate decision later today.
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Dollar on defensive as U.S. bonds surge on Fed rate cut prospectsThe dollar was on the defensive on Tuesday after taking a beating against peers ...
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Trade Risks Prompt Predictions for Fed Rate CutsEconomists are projecting that uncertainty created by the Trump administration’s actions on tariffs will prompt the Fed to cut rates later this year.
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