Trevor Hunnicutt

Global recession fears grow as factory activity shrinks

05 Jun 2019

NEW YORK/LONDON/HONG KONG Factory activity slowed in the United States, Europe and Asia last month as an escalating trade war between Washington and Beijing raised fears of a global economic downturn and heaped pressure on policymakers to step up support. | Video

Policymaker suggests U.S. trade war may test Fed's 'patience'

04 Jun 2019

CHICAGO/NEW YORK A Federal Reserve policymaker on Monday said that a rate cut may be needed "soon," the strongest signal yet that the central bank may change course as trade tensions threaten the U.S. economy.

Darkening U.S. market outlook yet to faze patient Fed

31 May 2019

NEW YORK/SAN FRANCISCO Top Federal Reserve officials on Thursday showed little sign they are ready to veer from their patient stance on interest rates despite bond markets pointing to concern that the U.S.-China trade war will hurt growth.

UPDATE 2-Fed's Clarida sees U.S. economy in a 'very good place'

30 May 2019

NEW YORK, May 30 - A top Federal Reserve official seemed in no rush to change the central bank's posture on monetary policy, seeing the U.S. economy in "a very good place" and as close to policymakers' goals as it has been in decades.

Bump in the night: FX flash crashes put regulators on alert

30 May 2019

LONDON/NEW YORK The increasing frequency of flash crashes in the $5.1 trillion-a-day (£4 trillion) foreign exchange market has regulators scrambling for answers.

U.S. Federal Reserve markets czar stepping down

29 May 2019

NEW YORK The top Federal Reserve staff official charged with transforming the central bank's words into actions in U.S. markets is stepping down.

The U.S. banking system is flush with cash but may have a problem

24 May 2019

NEW YORK The Federal Reserve wants the banking system flush with cash to keep the economy humming, but there may be bottlenecks that undermine the U.S. central bank's credibility to influence interest rates.

U.S. tariffs on China to cost American households: NY Fed research

24 May 2019

NEW YORK/WASHINGTON The newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually, researchers said on Thursday, as the Trump administration came under growing political pressure over its trade war with China.

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