Tag: Fed
US consumer spending strong; core inflation warmer on services
WASHINGTON — US consumer spending increased by the most in four months in July while services inflation picked up, but economists did not believe...
Trump says he is firing Fed’s Cook over mortgage loan allegations
NEW YORK/WASHINGTON — US President Donald Trump on Monday (Tuesday PH time) said he was
firing Federal Reserve Governor Lisa Cook over alleged improprieties in...
Asian currencies, stocks slip on rising concerns about Fed’s independence
Asian shares fell on Tuesday following President Donald Trump’s shock dismissal of Federal Reserve Governor Lisa Cook, sparking fresh concerns about political interference in...
Wall Street ends down as traders focus on Nvidia, Fed after last week’s rally
Wall Street stocks ended lower on Monday as investors parsed the outlook for US interest rates and looked ahead to AI chipmaker Nvidia’s quarterly...
Dollar jolted lower after Trump fires Fed’s Cook
SINGAPORE — The dollar skidded in a volatile session on Tuesday after US President Donald Trump said he was removing Federal Reserve Governor Lisa...
