Morning quote: Fed Chair Powell hopes to make Maradona

Morning quote: Fed Chair Powell hopes to make Maradona

Federal Reserve Chairman Jerome Powell and his wife Elissa Leonard attend a dinner program in Grand Teton National Park where financial leaders from around the world gather for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/ Jim Urquhart Sign up now for FREE unlimited access to Reuters.com Register A look…

As Fed warns of turbulence, markets are buckling their seat belts

As Fed warns of turbulence, markets are buckling their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish report on inflation quickly registered on U.S. housing markets this summer as mortgage interest rates shot up and home sales slowed. But that was the only significant and expected adjustment across the economy, which met the US central bank’s most aggressive monetary policy shift in a…

Weekly U.S. jobless claims rise, but labor market remains tight

Weekly U.S. jobless claims rise, but labor market remains tight

Weekly jobless claims rise 6,000 to 260,000 Continuing claims will rise by 48,000 to 1.416 million The trade deficit narrowed by 6.2% to $79.6 billion in June WASHINGTON, Aug 4 (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week, suggesting some softening in the labor market, although overall conditions…