White House Government Agencies

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  • ALBUQUERQUE, N.M., July 29- The Federal Reserve should not overreact to Friday's weaker-than-expected U.S. "You can't overreact to any one data point... this number will get revised," Dallas Fed President Robert Kaplan told reporters in Albuquerque, New Mexico after speaking to a community bankers association. Earlier on Friday, the Commerce Department reported...

  • Speculators in four major NYMEX and ICE markets reduced their bearish bets by 2,609 contracts to 88,939 in the week to July 26, the U.S. Commodity Futures Trading Commission said on Friday.

  • July 29- Genetically modified wheat developed by Monsanto Co, and never approved by federal regulators, has been found growing in a Washington state farm field, the U.S. Department of Agriculture said on Friday. The USDA is testing grain harvested from the farmer's other wheat fields as a precaution, the agency said. The grain has not been traced in commercial...

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan on Friday played down the weaker-than-expected gross domestic product growth reported for the second quarter. "You can't overreact to any one data point... this number will get revised," Kaplan told reporters in New Mexico after speaking to a community bankers association.

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank's objectives. "I'd say we are making slow but... sluggish progress to meeting our objectives," Kaplan told a community bankers association in New Mexico. The Fed has a dual mandate of full...

  • NEW YORK, July 29- The U.S. dollar weakened on Friday after data showed that the U.S. economy grew at a slower pace than expected in the second quarter, further reducing expectations that the Federal Reserve will raise interest rates in September. The Japanese yen, meanwhile, soared after the Bank of Japan expanded stimulus at its highly anticipated meeting, but...

  • FRANKFURT, July 29- Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading. Earlier this week, U.S.-based Consumer Reports urged the U.S. Federal Trade Commission to scrutinize Mercedes' "...

  • WASHINGTON, July 29- U.S. labor costs rose steadily in the second quarter, pointing to still-moderate wage inflation, which could see the Federal Reserve keeping interest rates unchanged for a while. The Employment Cost Index, the broadest measure of labor costs, increased 0.6 percent after a similar gain in the first quarter, the Labor Department said on Friday.

  • DHAKA, July 29- The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka's efforts to retrieve the money. Bangladesh Bank has also agreed to share with the Fed a report into the heist that was prepared by U.S. cyber...

  • NEW YORK FED ASKS PHILIPPINES' CENTRAL BANK TO HELP BANGLADESH RECOVER MONEY FROM CYBER HEIST.

  • While FAA inspectors complained that they've had to cancel inspections because of the agency's tight travel budget, the GAO said it couldn't confirm the assertions because the FAA said doesn't keep separate data on travel expenditures for oversight of foreign repair stations. The report also criticized the FAA for not collecting data from airlines on the...

  • *Canadian dollar settles at C $1.3161, or 75.98 U.S. cents. "Despite oil moving down and while we're awaiting GDP data tomorrow that will be significantly negative, the market is not pricing in any sort of move by the Bank of Canada, that's very unusual," said Jimmy Jean, an economic strategist at Desjardins. The Canadian dollar settled at C $1.3161 to the greenback, or...

  • WASHINGTON— The proportion of U.S. households that own homes has matched its lowest level in 51 years— evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy. Just 62.9 percent of households owned a home in the April-June quarter this year, a decrease from 63.4 percent 12 months ago, the Census Bureau said Thursday.

  • July 28- Wall Street fell on Thursday morning on mixed earnings and weak economic data, a day after the Federal Reserve decided to keep interest rates unchanged. A report by the U.S. Labor Department showed that unemployment numbers rose more than expected to 266,000 for the week ended July 22. However, Facebook opened at an all-time high of $128.31 after the...

  • July 28- Wall Street was set to open flat on Thursday after the Federal Reserve decided to keep interest rates unchanged, but left the door open for a possible increase in the coming months. Those odds do not go significantly higher even until July next year, according to CME Group's FedWatch tool. Strong economic data has put Wall Street on a record-setting rally...

  • July 28- U.S. stock index futures were higher on Thursday after the Federal Reserve decided to keep borrowing costs unchanged and painted an upbeat picture of the economy. Those odds do not go significantly higher even until July next year, according to CME Group's FedWatch tool. *Wall Street ended lower on Wednesday, after the Fed was seen to be taking a more...

  • LONDON, July 28- Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's shock vote last month to...

  • LONDON, July 28- Gold rose on Thursday after the Federal Reserve stopped short at this week's policy meeting of indicating that a further increase in U.S. interest rates is on the cards for later this year. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's shock vote last month to...

  • LONDON, July 28- The dollar took its biggest tumble in almost two months on Thursday and stocks crept to nine-month highs as cautious sounds from the U.S. Federal Reserve left the focus firmly on Japan's next round of money-printing measures. The yen, meanwhile, notched its fourth rise in six days as news that Tokyo had unveiled a surprisingly large 28 trillion yen...

  • HONG KONG, July 28- China's yuan rose to three-week highs against the dollar on Thursday, as the central bank set another stronger midpoint to reflect weakness in global dollar index after the Federal Reserve stopped short of signaling a near-term rate rise. The People's Bank of China set the midpoint rate at 6.6597 per dollar prior to market open, firmer than the...