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"My sense was we've added accommodation and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
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Kansas City Fed President Esther George said the Federal Reserve may be partly responsible for the yield curve inversion.The Fedread more
CEO Herbert Diess is interested in acquiring a stake in Tesla, German business publication Manager Magazin reported on Thursday, citing company sources.Autosread more
Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The number of Americans filing applications for unemployment benefits fell sharply last week.Economyread more
The U.S. Federal Reserve could start reducing its asset purchases this year based on economic forecasts but the decision to taper could be pushed into next year, a top Fed official said on Friday.
"(The economic) outlook ... strikes me as compatible with reducing the flow of purchase rate," Charles Evans, president of the Chicago Federal Reserve Bank told reporters in Oslo on Friday.
"But whether or not we'll have enough confidence at the October meeting or the December meeting, I just can't say that with a lot of certainty. I think there's a decent chance of that. But it could go a little bit longer," Evans said.