Fed makes small changes in bid to better control policy rate

World News - Wed, 2019-09-18 14:22
The Federal Reserve on Wednesday tweaked two key rates used to manage its main policy lever after turmoil this week in funding markets briefly pushed the overnight bank-to-bank lending rates above the U.S. central bank's target range.
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EU's Tusk, Britain's Johnson to talk Brexit next week

World News - Wed, 2019-09-18 14:21
European Council President Donald Tusk and Britain's Prime Minister Boris Johnson are due to hold bilateral talks on Brexit on the sidelines of a U.N. session in New York next week, according to an official with the bloc.
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Israeli voters deliver deadlock, Netanyahu's tenure in doubt

World News - Wed, 2019-09-18 14:19
Israeli Prime Minister Benjamin Netanyahu failed to win a ruling majority in an election that produced a virtual tie between his right-wing bloc and a center-left grouping that would be led by former military chief Benny Gantz.
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FOMC statement from Sept 17-18 meeting

World News - Wed, 2019-09-18 14:19
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
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Five ways the Fed's rate cut could affect consumers

World News - Wed, 2019-09-18 14:13
The Federal Reserve's decision to cut interest rates on Wednesday for the second time this year could have wide-ranging implications for consumers' wallets.
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Cut and run: How U.S. stocks react in Fed easing cycles

World News - Wed, 2019-09-18 14:11
Not all U.S. rate-cutting cycles are created equal, at least when it comes to how the stock market reacts.
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Trump says has not spoken with Israel's Netanyahu, 'we'll see what happens'

World News - Wed, 2019-09-18 13:55
President Donald Trump told reporters on Wednesday that he has not spoken with Israeli Prime Minister Benjamin Netanyahu about an election he described as close, adding "we'll see what happens."
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Trump says will outline increased Iran sanctions within 48 hours

World News - Wed, 2019-09-18 13:50
U.S. President Donald Trump on Wednesday told reporters that he would provide more details about increased U.S. sanctions on Iran within 48 hours, after announcing them earlier on Twitter.
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U.S. social media firms say they are removing violent content faster

World News - Wed, 2019-09-18 13:39
Major U.S. social media firms told a Senate panel Wednesday they are doing more to prevent to remove violent or extremist content from online platforms in the wake of several high-profile incidents, focusing on using more technological tools to act faster.
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Israel's Netanyahu fails to win majority in close election

World News - Wed, 2019-09-18 11:16
Israeli Prime Minister Benjamin Netanyahu failed to win a ruling majority in an election that produced a virtual tie between his right-wing bloc and a center-left grouping that would be led by former military chief Benny Gantz.
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Trump orders more Iran curbs, Saudi shows attack evidence

World News - Wed, 2019-09-18 11:12
U.S. President Donald Trump on Wednesday said he ordered a major increase in sanctions on Iran as Saudi Arabia displayed remnants of drones and missiles it said Tehran used in a crippling weekend attack on its oil facilities.
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U.S. housing starts, building permits hit 12-year high

World News - Wed, 2019-09-18 11:09
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.
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Atlanta Fed model estimate for U.S. third-quarter GDP edges up to 1.9%

World News - Wed, 2019-09-18 11:08
The U.S. economy is likely growing at a 1.9% annualized rate in the third quarter, based on the latest data on industrial output and housing starts, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday.
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Explainer: Israeli politics deadlocked after second election: What now?

World News - Wed, 2019-09-18 10:50
After failing to secure a clear election victory for the second time this year, Israeli Prime Minister Benjamin Netanyahu must wait days - or more likely weeks - to learn if he can stay in office, or whether he must step aside.
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Fed's job gets more complex as fed funds rate moves out of bounds

World News - Wed, 2019-09-18 10:45
Stress in U.S. money markets loomed over a Federal Reserve policy meeting on Wednesday with new data showing that the central bank's target interest rate had drifted outside the level set by the central bank for the first time since the 2007-2009 financial crisis.
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Instant view: U.S. fed funds rate breaks above Fed's target range

World News - Wed, 2019-09-18 10:45
A key interest rates the Federal Reserve aims to influence to control monetary policy broke above the top-end of the central bank's target range for the first time since the global credit crisis more than a decade ago.
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Wall Street edges lower as FedEx profit warning drags; Fed in focus

World News - Wed, 2019-09-18 10:37
U.S. stocks came under pressure on Wednesday after FedEx issued a profit warning, while investors waited for the Federal Reserve's decision on interest rates in what has been a rocky week for global markets.
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Analyst view: Fed's day two of cash injection into U.S. banking system

World News - Wed, 2019-09-18 09:55
As if the U.S. Federal Reserve didn't already have enough on its plate heading into its meeting on interest rates this week, chaos deep inside the plumbing of the U.S. financial system has thrown policymakers an unexpected curve ball.
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Saudi Finance Minister: still considering secondary options for Aramco IPO - Bloomberg

World News - Wed, 2019-09-18 09:49
Saudi Arabia is still considering secondary locations for the flotation of oil giant Aramco after primary location Riyadh, Finance Minister Mohammed al-Jadaan said in an interview with Bloomberg TV on Wednesday.
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Iran warns of crushing response, blames U.S. for regional tension

World News - Wed, 2019-09-18 09:39
Iran on Wednesday threatened a crushing response to any military strike after attacks on Saudi oil sites blamed by Washington on Tehran, though it said the Islamic Republic had no desire for conflict in the Gulf region.
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