CHICAGO/WASHINGTON In the wake of the U.S. housing meltdown of the late 2000s, JPMorgan Chase & Co hunted for new ways to expand its loan business beyond the troubled mortgage sector.
WASHINGTON Data released on Friday showed a return to strong job growth in the United States, allaying some fears the U.S. economy is on a short path to recession. But the data also reinforced the view that economic growth is slowing.
WASHINGTON U.S. manufacturing activity barely grew in early June and the service sector cooled, signs that President Donald Trump's trade war with China could be weighing on the economy.
WASHINGTON U.S. home sales rose in May, boosted by lower interest rates for mortgages, giving a positive signal for the health of the U.S. economy.
WASHINGTON The U.S. Federal Reserve on Wednesday signalled interest rate cuts beginning as early as July, saying it is ready to battle growing global and domestic economic risks as it took stock of rising trade tensions and growing concerns about weak inflation. | Video
WASHINGTON, June 19 The U.S. Federal Reserve on
Wednesday said it was ready to battle growing global and
domestic economic risks with interest rate cuts beginning as
early as next month, as it took stock of rising trade tensions
and growing concerns about weak inflation.
WASHINGTON The U.S. Federal Reserve is expected to leave interest rates on hold on Wednesday but could flag whether it plans to cut rates later this year as U.S. President Donald Trump has demanded.