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Tag Archives: Federal Reserve

US stocks mostly higher as banks rise before Fed meeting

stock markets, wall street, federal reserve

NEW YORK (AP) — U.S. stocks are slightly higher in indecisive trading Monday afternoon. Banks are gaining as investors wait for the Federal Reserve to meet this week, while health care companies take small losses. KEEPING SCORE: The Dow Jones industrial average rose 32 points, or 0.2 percent, to 18,156 as of 3:15 p.m. Eastern time. The Standard & Poor’s ...

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US producer prices rose in June at fastest pace in 13 months

Producer prices, distillery

WASHINGTON (AP) — Prices charged by U.S. producers rose in June at the fastest pace in 13 months, reflecting a big jump in the price of gasoline and other energy products. The Labor Department says that its producer price index, which measures cost pressures before they reach the consumer, increased 0.5 percent in June. That was the largest one-month jump ...

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Stock indexes fall yet again as British vote looms

NEW YORK (AP) — Stocks were declining for a sixth day Thursday as investors continued to brace for next week’s vote on whether Britain would remain a member of the European Union. Japanese stocks plunged 3 percent after the Bank of Japan decided not to increase its economic stimulus efforts. KEEPING SCORE: The Dow Jones industrial average fell 91 points, ...

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Global markets drop as Bank of Japan stands pat on stimulus

MANILA, Philippines (AP) — Global stocks fell Thursday after the Bank of Japan kept its monetary policies unchanged and as investors turned their attention to next week’s “Brexit” vote on whether Britain should exit the European Union. KEEPING SCORE: Britain’s FTSE 100 fell 0.7 percent to 5,927 and Germany’s DAX dropped 0.9 percent to 9,520. France’s CAC 40 was down ...

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US industrial output fell in May; auto production plummeted

industrial output

WASHINGTON (AP) — Falling auto production fueled a broader decline in U.S. industrial output in May, a potentially worrying sign that manufacturers face economic challenges. The Federal Reserve said Wednesday that industrial output — which includes factories, mines and utilities — dropped 0.4 percent from April. The decline reversed the 0.6 percent gain seen between April and March, an improvement ...

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Global stocks surge as Yellen appears to put off rate hike

LONDON (AP) — Global stocks rallied Tuesday after U.S. Federal Reserve Chair Janet Yellen hinted that an interest rate increase next week is unlikely in light of a weak U.S. jobs report and uncertainties surrounding the U.S. and world economies. KEEPING SCORE: In Europe, Germany’s DAX soared 1.9 percent to 10,308 while the CAC-40 was up 1.3 percent at 4,482. ...

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Asian shares mixed pending US jobs report, Fed decision

jobs report

TOKYO (AP) — Asian shares were mixed Friday as investors awaited a U.S. jobs report later in the day and action from the U.S. Federal Reserve later in the month. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 0.3 percent to 16,589.97 in morning trading. South Korea’s Kospi fell 0.1 percent to 1,982.49. Hong Kong’s Hang Seng added 0.2 percent to ...

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US stocks, dollar slide after weak jobs report

stocks

U.S. stocks moved lower in early trading Friday after a key government jobs report showed hiring slowed in May, a sign of economic weakness that could dissuade the Federal Reserve from raising interest rates this month. The dollar fell sharply against most major currencies, while bond prices surged as investors sought safety in U.S. government-backed debt. Financial and consumer stocks ...

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Stocks little changed, but crude sheds 39 cents

stocks

NEW YORK (AP) — Stocks were little changed in early trading Monday, as investors sat on the sidelines waiting to see where the Federal Reserve might move interest rates next month. Energy stocks fell along with the price of crude oil. KEEPING SCORE: The Dow Jones industrial average rose 13 points, or 0.1 percent, to 17,514 as of 10:09 a.m. ...

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US industrial production jumps by most since November 2014

Industrial production

WASHINGTON (AP) — U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged, the Federal Reserve said Tuesday. Industrial output — which includes factories, mines and utilities — rose 0.7 percent from March. It had dropped the previous two months. Fueling the improvement was utility production, which surged 5.8 percent in April. It was ...

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