White House Government Agencies

  • THURSDAY, OCTOBER 18 MEMPHIS, United States- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy before the Economic Club of Memphis- 1315 GMT. LONDON- Latvian Finance Minister Dana Reizniece-Ozola, Lituanian Finance Minister Migle Tuskiene and Estonian Deputy Secretary-General for Financial...

  • Oct 17- Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show, despite U.S. Every Fed policymaker backed the central bank's September decision to raise the target policy rate to between 2 percent and 2.25 percent, according to minutes of the Sept. 25-26 meeting, published...

  • NEW YORK, Oct 17- U.S. Shorter-dated yields ticked up a bit more than longer-dated yields after the release of the Fed Sept. 25-26 minutes, briefly flattening the yield curve. More officials are happy to move past neutral, "said Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott in Philadelphia.

  • NEW YORK Oct 17- Wall Street struggled for direction on Wednesday after the Federal Reserve released meeting minutes showing broad agreement on the need to raise borrowing costs further despite sharp criticism from U.S. A lot has to happen for the Fed not to move again in December, "said Ryan Sweet, head Of monetary policy research at Moody's Analytics in West...

  • NEW YORK, Oct 17- U.S. oil prices tumbled and Brent also fell on Wednesday after crude inventories rose by much more than expected and exports fell, while the dollar added to gains after minutes showed Federal Reserve policymakers generally agreed borrowing costs were set to rise further. WTI fell 2.81 percent to $69.90 per barrel and Brent was last at $80.08, down...

  • NEW YORK, Oct 17- The Federal Reserve downplayed any disruption to its policy tools from a drop last month in the so-called excess reserves that flow among banks, according to minutes published Wednesday of the U.S. central bank's Sept. 25-26 meeting. Since the Fed began shrinking its balance sheet a year ago, it has shed some $250 billion in bonds accumulated to...

  • Oct 17- Despite sharp criticism from U.S. President Donald Trump for raising interest rates, Federal Reserve policymakers remain generally united on the need to raise borrowing costs further, according to minutes from their most recent policy meeting. Every policymaker backed the Fed's September rate increase, according to the minutes of the Sept. 25-26...

  • WASHINGTON, Oct 17- Every Federal Reserve policymaker backed raising interest rates last month in a meeting where they also generally agreed borrowing costs were set to rise further, according to minutes from the meeting released on Wednesday. The hike was the third of this year and the display of unanimity at the Sept. 25-26 meeting could bolster expectations...

  • WASHINGTON, Oct 17- White House economic advisor Larry Kudlow said on Wednesday that U.S. President Trump was not demanding a policy change at the Federal Reserve after Trump heaped more criticism on the Fed on Tuesday, calling rising U.S. interest rates his "biggest threat." "A protracted battle over Fed independence would risk higher long-term interest rates...

  • Oct 17- Latin American stocks fell on Wednesday after Wall Street declined, while the region's currencies fared slightly better due to the dollar's limited gains ahead of the release of minutes of the U.S. The Bank of Mexico is due to release on Thursday the minutes of its October meeting, at which it kept rates steady at 7.75 percent. However, the real continued its...

  • Oct 17- The U.S. Centers for Disease Control and Prevention has confirmed 62 cases of acute flaccid myelitis, a rare, polio-like condition that causes weakness in the arms or legs, across 22 states. The CDC is investigating 127 reported cases, including the ones that have been confirmed. The CDC estimates it affects only 1 out of 1 million people in the United States.

  • The U.S. Department of Agriculture Animal and Plant Health Inspection Service on Tuesday lifted the regulatory prohibition on cultivation by farmers of the cotton plant, which was developed by Texas A&M University scientists. The plant's cottonseed cannot be used as food for people or as animal feed yet in the United States because it lacks Food and Drug...

  • NEW YORK, Oct 17- The U.S. dollar gained on Wednesday as stocks dipped, boosting demand for safe haven currencies, and before the Federal Reserve is due to release the minutes from its September meeting. The market once again is in a nervous mode, which is supporting safe haven currencies like the dollar, said Joe Manimbo, senior market analyst at Western Union...

  • WASHINGTON, Oct 16- U.S. Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive October bills for people hardest hit by Hurricane Michael after some Florida residents expressed frustration in getting mobile phone service restored. At least 18 deaths in four states have been blamed on Michael, which crashed into...

  • WASHINGTON, Oct 16- U.S. Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive October bills for people hardest hit by Hurricane Michael after some Florida residents expressed frustration in getting mobile phone service restored. At least 18 deaths in four states have been blamed on Michael, which crashed into...

  • President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public. Trump has said he is not trying to oust Powell, whom he appointed to replace former Chair Janet Yellen. The president also appointed two...

  • President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, who he has frequently critiqued in public. "My biggest threat is the Fed," he said according to excerpts released before the interview with Trish Regan Primetime airs.

  • President Donald Trump said on a Fox Business News interview that "my biggest threat is the Fed," referring to the Federal Reserve. In excerpts released before the interview with "Trish Regan Primetime" on Fox Business News airing on Tuesday, Trump said, "I put a couple of other people there Im not so happy with too, but for the most part Im very happy with people."

  • WASHINGTON, Oct 16- Federal Communications Commission Chairman Ajit Pai on Tuesday called for wireless carriers to waive bills for October and allow consumers to switch carriers without penalties after some residents in Florida have expressed frustration getting service restored following Hurricane Michael. Pai said that the progress in restoring...

  • Oct 16- The U.S. Food and Drug Administration said https://www.fda.gov/Drugs/InformationOnDrugs/ApprovedDrugs/ucm623540. htm? Talazoparib, a once-daily pill that Pfizer acquired with its $14 billion purchase of Medivation in 2016, is indicated for breast cancer triggered by mutation of BRCA genes, which accounts for 25-30 percent of hereditary...