off-the-wire

Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

April 20 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Sunday that he hopes the United States is not moving to an environment where the ability of the central bank to set monetary policy independent of political pressure is questioned.Goolsbee, responding to a question on CBS' "Face the Nation" about President Donald Trump's outbursts last week against Fed Chair Jerome Powell, said economists agree that central banks that have the ability to conduct monetary policy with no political tampering have better outcomes for their economies.

8 hours ago

US stock futures fall as Trump escalates attacks on Fed Chair Powell

April 21 (Reuters) - U.S. stock index futures dropped on Monday, as President Donald Trump's attacks on Federal Reserve Chair Jerome Powell sparked worries about the central bank's independence, rattling investors already grappling with an escalating trade war.On Friday, White House economic adviser Kevin Hassett said that Trump and his team would study whether firing the Fed Chair was an option.That followed Trump's comments on Thursday that Powell's "termination cannot come fast enough," as the President renewed his calls for more interest-rate cuts.

8 hours ago

Dollar slides as Fed independence under threat from Trump

SINGAPORE, April 21 (Reuters) - The dollar tumbled on Monday as investor confidence in the U.S. economy took another hit over President Donald Trump's plans to shake up the Federal Reserve, which would throw into question the independence of the central bank.

8 hours ago

S&P 500 ends up as Eli Lilly jumps and UnitedHealth plummets

April 17 (Reuters) - The S&P 500 ended higher on Thursday, lifted by Eli Lilly and Apple, as investors weighed progress in U.S. trade negotiations with Japan against concerns about the interest rate outlook.Traders leaned toward optimism following U.S. President Donald Trump's comments about "big progress" in the bilateral talks after Wednesday's steep selloff.Trump also told reporters he expects to make a trade deal with China, although he offered no indication of how talks would get underway with the two superpowers at an .

Apr 17, 2025 - 4:06 PM

Citi lifts 0-3 month gold price target to $3,500 on China buying, safe-haven demand

April 17 (Reuters) - Citi Research on Thursday raised its gold price target for the next three months to $3,500 per ounce from $3,200, driven by fresh gold buying from Chinese insurers and safe-haven flows amid tariff risks and market weakness.

Apr 17, 2025 - 3:45 PM

US Treasury in talks with federal agencies to ease bank oversight, Bloomberg News says

April 17 (Reuters) - U.S. Treasury Secretary Scott Bessent is hosting private meetings with federal and other bank agencies as a part of his expanded effort to streamline oversight and coordinate plans to ease regulation, Bloomberg News reported on Thursday.

Apr 17, 2025 - 3:44 PM

Canadian dollar heads for seventh straight weekly gain as oil prices jump

TORONTO, April 17 (Reuters) - The Canadian dollar moved closer on Thursday to a recent five-month high against its U.S. counterpart as oil prices rose and one day after the Bank of Canada paused its interest rate cutting campaign.

Apr 17, 2025 - 3:41 PM

Dollar benefits from selling exhaustion, ECB cuts rates

NEW YORK, April 17 (Reuters) - The U.S. dollar gained on Thursday after its recent weakness across peer currencies appeared exhausted for the time being, while the euro weakened slightly after the European Central Bank cut rates for the seventh time in a year.

Apr 17, 2025 - 3:15 PM

Trump says Fed's Powell will leave if he asks him; Powell has said he won't

WASHINGTON, April 17 (Reuters) - President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief himself has said he would not leave if asked by the president.Trump told reporters he was not happy with Powell, saying he has been "too late" to take actions.Powell has repeatedly said he intends to serve the full remainder of his term as chair, which expires in May 2026, and has also said he would refuse to step aside if asked by Trump.

Apr 17, 2025 - 3:13 PM

Canadians bought record amount of US shares in February

OTTAWA, April 17 (Reuters) - Although tensions between Canada and the United States are high, Canadians bought a record amount of American shares in February, as U.S. stock markets hit an all-time high, official data indicated on Thursday.Statistics Canada said Canadians snapped up C$29.8 billion in U.S. shares, focused on large capitalization technology and financial firms.

Apr 17, 2025 - 1:18 PM

Wall Street mixed in choppy trading; UnitedHealth plummets

April 17 (Reuters) - U.S. stock indexes were mixed in choppy trading on Thursday as investors weighed progress in trade negotiations with Japan against concerns about the monetary policy outlook, while a slump in UnitedHealth's shares weighed on the Dow.Investors found some optimism from U.S. President Donald Trump's comments on "big progress" in trade talks with Japan after steep losses on Wednesday, but an early recovery quickly fizzled out.

Apr 17, 2025 - 12:59 PM

off-the-wire

Dollar would be biggest casualty if Trump fires Fed Chair: McGeever

Wall St ends sharply lower amid Trump's tirade against Fed's Powell

US stocks fall 3%, dollar slides; Trump's attacks on Fed chair worry investors

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff

NY Fed finds Americans trimming back wage expectations for new jobs

Gold extends record run, breaks above $3,400/oz on safe-haven rush

Dollar slides to three-year low as Trump attacks threaten Fed's independence

Trump warns of economic slowdown unless Fed cuts rates

US multinationals extend currency hedges to counter Trump's tariff volatility

Fed's Goolsbee hopes US not moving to where monetary independence is questioned - CBS 'Face the Nation'

US stock futures fall as Trump escalates attacks on Fed Chair Powell

Dollar slides as Fed independence under threat from Trump

S&P 500 ends up as Eli Lilly jumps and UnitedHealth plummets

Citi lifts 0-3 month gold price target to $3,500 on China buying, safe-haven demand

US Treasury in talks with federal agencies to ease bank oversight, Bloomberg News says

Canadian dollar heads for seventh straight weekly gain as oil prices jump

Dollar benefits from selling exhaustion, ECB cuts rates

Trump says Fed's Powell will leave if he asks him; Powell has said he won't

Canadians bought record amount of US shares in February

Wall Street mixed in choppy trading; UnitedHealth plummets