LUBBOCK, Texas Financial markets are warning of weakness in the U.S. economy, so the Federal Reserve should be "very patient and judicious" as it considers whether to raise interest rates, a policymaker in the Fed's cautious camp said on Thursday.
LONDON European shares broke their three-day winning streak on Thursday as banks fell following a set of cautious minutes from the U.S. Federal Reserve, and energy stocks also weighed on a busy day for company results.
WASHINGTON Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for halting interest rate hikes until it was clear the trend was transitory, according to the minutes of the U.S. central bank's last policy meeting.
NEW YORK A Federal Reserve policymaker on Wednesday staked out the hawkish argument for carrying on with U.S. interest rate hikes even while weak recent inflation readings have split opinions among her colleagues at the U.S. central bank. | Video
The U.S. central bank is roughly at the mid-point on its current path to normalise interest rates as the economy has shown further improvement even without fiscal stimulus, San Francisco Federal Reserve President John Williams told CNN television.
NEW YORK Wall Street edged higher on Wednesday but closed well off session highs and the dollar fell on the latest turmoil in Washington and U.S. Federal Reserve meeting minutes that showed worries about low inflation.
The following are the Federal Reserve's staff forecasts as contained in the minutes of recent Federal Open Market Committee meetings:
FRANKFURT British-based banks seeking to relocate to the European Union before Britain leaves the bloc are behind schedule in their preparations for the move, a European Central Bank supervisor said on Wednesday.
FRANKFURT European Central Bank President Mario Draghi will not deliver a new policy message at the U.S. Federal Reserve's Jackson Hole conference, two sources familiar with the situation said, tempering expectations for the bank to start charting the course out of stimulus.
TALLINN The European Central Bank's exit from asset purchases is tied to the recovery of the euro zone economy but low rates and the bank's oversized balance sheet will provide support for years to come, ECB policymaker Ardo Hansson told an Estonian newspaper.