Business & Finance News
Jeffrey Gundlach, chief executive of Doubleline Capital, said on Wednesday that the Federal Reserve is doing “what the bond market says – with a lag.”
The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year in response to increased economic uncertainty and a drop in expected inflation.
Wall Street rose on Wednesday after the Federal Reserve signaled potential cuts later this year, reassuring investors worried that the U.S.-China trade war could stall economic growth.
The U.S. Federal Reserve on Wednesday signaled it could cut interest rates by as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
Oil futures were mostly steady on Wednesday as price support from a larger-than-expected decline in U.S. crude inventories was countered by a lull in equities.
Construction on expanding the Trans Mountain oil pipeline could begin in September, assuming the next regulatory steps go smoothly, the project’s chief executive said on Wednesday.
Airbus sealed deals with big name buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.
Brazilian planemaker Embraer landed the first major European customer for its newly certified E195-E2 passenger jet on Wednesday as Dutch KLM signed a letter of intent for 15 of the upgraded aircraft and options for another 20.
Traders of U.S. short-term interest rate futures added to bets that the Federal Reserve will cut interest rates starting next month, after the central bank ended a two-day policy meeting with a pledge to “act as appropriate” to sustain economic health.
The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
Work to obtain building permits for the Trans Mountain oil pipeline started on Wednesday, Canadian Finance Minister Bill Morneau said, a day after the federal government approved the contentious expansion project despite widespread opposition.
Wall Street rose on Wednesday after the Federal Reserve held interest rates steady, as expected, and signaled potential cuts later this year.
The U.S. Federal Reserve held interest rates steady on Wednesday but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation.
President Donald Trump on Tuesday kept up the pressure on the head of the Federal Reserve following a report that lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of the chairmanship.
Chesley “Sully” Sullenberger, who in 2009 landed a US Airways flight safely on the Hudson River in New York, told a congressional panel on Wednesday that pilots of the now-grounded Boeing 737 MAX should get new simulator training before the plane returns to service.
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