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☆ Morning Bid: Oil-fueled rally turns to Powell
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +5 min

[1/2] Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. And that's hit home by dragging U.S. pump prices down to levels not seen since March. Overall, U.S. 10-year yields remained on the back foot at 4.57% first thing and ahead of Wednesday's auction. Although Asian and European stocks fell back a bit, Wall St stock futures were unchanged before the bell. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jerome Powell, Kevin Lamarque, Mike Dolan, who's, Christine Lagarde, Andrew Bailey, Michelle Bowman, Austan Goolsbee, Christopher Waller, BoE, Ping, Donald Trump, White, Philip Jefferson, Michael Barr, Lisa Cook, John Williams, Joachim Nagel, Walt Disney, Ralph Lauren, Toby Chopra Organizations: Federal Reserve, Federal, Committee, REUTERS, Mike Dolan Wall, European Central Bank, Bank of England, Atlanta, Fed, Chicago Fed, St, Reuters, Ping An Insurance, HK, New York Fed, Warner Bros Discovery, MGM Resorts, Biogen, Energy, Treasury, Federal Reserve Bank of New, Thomson Locations: Washington , U.S, U.S, Gaza, Tokyo, Ohio, Kentucky, Brussels, Federal Reserve Bank of New York

☆ Morning Bid: Waiting for word from the Fed chief
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. Last week's surprisingly soft jobs data heightened expectations that interest rates had peaked, but Fed commentary since then has warned against complacency in the fight against inflation. For now, investors have dialled up wagers on near-term rate cuts, with the Fed funds rate showing better than 50/50 odds for one as early as May. In Asia time, long-term Treasury yields are stuck around 4.58% and the dollar is biding its time around $1.07 per euro. While the Fed outlook dominates investors' attention, there is plenty of central bank speak in store from Europe as well.

Persons: Jerome Powell, Kevin Lamarque, Kevin Buckland, Jay Powell, Christine Lagarde, Philip Lane, Joachim Nagel, Pablo Hernandez de Cos, Andrew Bailey, Fed's Powell, Lagarde, BoE's Bailey, Edmund Klamann Organizations: Federal, Committee, Federal Reserve, REUTERS, Kevin, Kevin Buckland Markets, Reuters Graphics, Bank of Spain, Bank of England, Adidas, Airbus, Bayer, Continental, Credit Agricole, Federal Reserve Division of Research, Statistics, Thomson Locations: Washington , U.S, Asia, Europe, Germany, Brussels, Irish

U.S. President Joe Biden meets with Chinese President Xi Jinping on the sidelines of the G20 leaders' summit in Bali, Indonesia, November 14, 2022. "This is going to overshadow anything that happens at APEC," said Oriana Skylar Mastro, a Stanford University China expert. Biden will welcome other APEC leaders - including from Vietnam, the Philippines, Canada and Mexico - and both he and Xi will be playing to the gallery. "Our door is open to any country or economy facing PRC (People's Republic of China) economic coercive threats," Melanie Hart, a senior China policy adviser at the State Department, said on Monday. That would include "companies flocking to meet with Xi Jinping and have dinner with him," he said.

Persons: Joe Biden, Xi Jinping, Kevin Lamarque, Oriana Skylar Mastro, Xi, Biden, Victor Cha, Washington, Matthew Goodman, Goodman, Janet Yellen, Melanie Hart, Donald Trump, Jude Blanchette, Michael Martina, David Brunnstrom, Trevor Hunnicutt, Laurie Chen, Michelle Nichols, Josie Kao Organizations: REUTERS, Rights, San, Economic Cooperation, U.S, APEC, Stanford University China, Biden, Beijing, Washington's Center, Strategic, International Studies, China, Protesters, White, Treasury, Washington, People's, State Department, Pew Research, Prosperity, CSIS, Thomson Locations: Bali , Indonesia, San Francisco, Asia, Bali, Beijing, China, China . U.S, Washington, Taiwan, South China, Vietnam, Philippines, Canada, Mexico, U.S, People's Republic of China

☆ Democrats' dilemma: Biden's agenda is popular, but he is not
▼ + stars: | 2023-11-07 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +6 min

U.S. President Joe Biden steps from Marine One upon his return to the White House in Washington, U.S., November 6, 2023.REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsPHILADELPHIA, Nov 7 (Reuters) - Andrea Singmaster is thankful for President Joe Biden. "I love Joe Biden. The contrast between the popularity of the Biden agenda and the unpopularity of its pitchman, even among some party loyalists, is a major concern for Democrats going into 2024. Biden's approval rating is hovering around 40%, near the lowest level of his presidency, according to the latest Reuters/Ipsos poll. Still, the polls are hastening calls from some Democrats for the Biden campaign to focus less on him and his "Bidenomics" pitch and more on the dangers they say Trump poses.

Persons: Joe Biden, Kevin Lamarque, Andrea Singmaster, Biden, Singmaster, Democratic longshot Dean Phillips, Donald Trump, He's, James Carville, Trump, Joseph Foster, Foster, SCRANTON JOE, Scranton Joe playbook, Biden's, it's, Julie Chavez Rodriguez, Kamala Harris, St . Louis, Harris, Jarrett Renshaw, Heather Timmons, Rod Nickel Organizations: Marine, White, REUTERS, Rights, Democratic, Republican, Biden, America, Reuters, Trump, New York Times, Sienna College, SCRANTON, Scranton, Thomson Locations: Washington , U.S, Philadelphia, Pennsylvania, Montgomery County, Scranton , Pennsylvania, St .

Circuit Court of Appeals concluded that the measure failed a stringent test set by the Supreme Court in a 2022 ruling that required gun laws to be "consistent with the nation's historical tradition of firearm regulation" in order to survive a Second Amendment challenge. Violating the law initially was punishable by up to 10 years in prison but has since been raised to 15 years. A federal judge rejected Rahimi's Second Amendment challenge and sentenced him to more than six years in prison. Biden's administration has said the law should survive because of the long tradition in the United States of taking guns from people deemed dangerous. Supporters of Rahimi have argued that judges too easily issue restraining orders in an unfair process that results in the deprivation of the constitutional gun rights of accused abusers.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, Bruen, Zackey, Rahimi, Andrew Chung, Will Dunham Organizations: U.S, White, REUTERS, Rights, Supreme, Circuit, Appeals, New York State, Police, Thomson Locations: Washington U.S, Orleans, New York, Texas, Bruen, United States

☆ Yellen: Republicans' IRS funding cut would hurt customer service goals
▼ + stars: | 2023-11-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington on Nov. 7, 2023. Expanded taxpayer serviceYellen said the agency made a "tremendous leap forward" during the 2023 tax filing season by significantly reducing phone wait times. "This filing season, we will build on this foundation and continue expanding services for taxpayers: by phone, online and in person," she said. By the start of the filing season, taxpayers will be able to digitally file 20 more forms, including certain business forms, she said. Limited free Direct File pilotThe IRS will also prioritize a limited Direct File pilot, available to certain taxpayers in 13 states to file federal returns for free, Yellen said.

Persons: Janet Yellen, Kevin Lamarque, Yellen Organizations: Treasury, IRS, Reuters, Assistance Centers Locations: Washington

☆ US finds no major trade partners manipulated currencies
▼ + stars: | 2023-11-07 | by ( David Lawder | ) www.reuters.com time to read: +2 min

REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 7 (Reuters) - The U.S. Treasury on Tuesday said no major trading partners appeared to be manipulating their currencies, but it put Vietnam back onto a foreign exchange "monitoring list," while removing Switzerland and South Korea from the same scrutiny. The Treasury's semi-annual currency reportfor the four quarters ended June 2023 showed that Vietnam, China, Germany, Malaysia, Singapore, and Taiwan were included on its monitoring list. The Treasury said Vietnam was returned to the monitoring list after its global current account surplus shot up to 4.7% of GDP during the monitoring period. Switzerland and South Korea were taken off the monitoring list after they met only one criterion for two monitoring periods in a row. A U.S. Treasury official said that Vietnam does not appear to be "slipping" in its foreign exchange practices nor in its engagement with U.S. authorities on currency issues.

Persons: Kevin Lamarque, Donald Trump's, David Lawder, Paul Simao Organizations: Department of, U.S . Treasury, REUTERS, Rights, U.S, Treasury, Swiss, Thomson Locations: Washington , U.S, Vietnam, Switzerland, South Korea, China, Germany, Malaysia, Singapore, Taiwan, U.S, Japan

☆ High bond yields challenge “Pax Americana”
▼ + stars: | 2023-11-06 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

There are also many reasons why “Pax Americana” – the period of U.S. dominance since World War Two - is under stress. The combination of high bond yields with a large fiscal deficit and rising sovereign debt is making it harder for politicians to govern the country. If anything, they may have a tougher job to make their fiscal maths add up than the United States because their growth prospects are not as rosy. What’s more, the near-record yield gap with the United States is bringing its own headaches by putting downward pressure on the yuan. These are consolations for the United States as it grapples with the geopolitical consequences of high interest rates.

Persons: Joe Biden, Kevin Lamarque, Joe Biden’s, doesn’t, Liz Truss, haven’t, Paul Tucker, “, Fitch, Peter Thal Larsen, Thomas Shum Organizations: Air Force, Joint Base Andrews, REUTERS, Reuters, Federal Reserve, International Monetary Fund, Bank of England, AAA, AA, United, Bank for International, Initiative, Thomson Locations: Lewiston , Maine, Joint Base Andrews , Maryland, U.S, Israel, Ukraine, China, United States, Europe, Asia, Russia, Britain, Washington, Republic

☆ In the Long Run, Investing Is All About the Economy*
▼ + stars: | 2023-11-03 | by ( James Mackintosh | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate unchanged. Photo: Kevin Lamarque/ReutersWednesday provided a perfect demonstration of the three most important issues facing markets: the economy, government spending and the Federal Reserve. Ten-year Treasury yields posted their third-biggest daily drop since March, when Silicon Valley Bank failed. Investors put equal weight on the three issues—knocking 0.05 percentage point off the yield after each of three events—as their worries eased about the pace of growth, the scale of government bond issuance and how long the Fed will keep rates high.

Persons: Jerome Powell, Kevin Lamarque Organizations: Reuters, Federal Reserve, Silicon Valley Bank

☆ Traders see fading chances of Fed rate hike, bet on earlier rate cut
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

Federal Reserve Board Chairman Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsNov 3 - Traders on Friday moved to price a smaller chance of Federal Reserve interest-rate hike in coming months after a government report showed U.S. employers hired fewer workers last month and the unemployment rate rose, signs tighter policy is slowing growth. The chance of a Fed rate hike by January fell to around 20% after the report, versus about 30% before the report, based on prices of futures contracts that settle to the Fed policy rate. Pricing now reflects a better-than-even chance of a rate hike by May, against earlier expectations for rate cuts to start in June. Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Kevin Lamarque, Tomasz Janowski Organizations: Federal, Committee, Federal Reserve, REUTERS, Thomson Locations: Washington , U.S

☆ Biden to pay his respects to Maine shooting victims
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] Mourners look at pictures of the victims during a vigil for the victims of the deadly mass shooting, at the Basilica of Saints Peter and Paul, in Lewiston, Maine, U.S., October 29, 2023. REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will meet on Friday families and victims of a mass shooting that devastated the city of Lewiston, Maine. "Recovering from this attack will be long and difficult, and President Biden is committed to marshaling resources from across the federal government to support Lewiston every step of the way," she said. She also said Biden will continue urging Congress to act on gun safety legislation that has been stalled. The latest mass shooting in the United States prompted U.S. Representative Jared Golden, whose constituents died in the massacre, to reverse his opposition to a ban on assault-style weapons.

Persons: Saints Peter, Paul, Kevin Lamarque, Joe Biden, Jill Biden, Robert R, Stefanie Feldman, Biden, Jared Golden, Steve Holland Organizations: Saints, REUTERS, Rights, U.S . Army, White, Lewiston, U.S, Thomson Locations: Lewiston , Maine, U.S, Tel Aviv, Israel, Lewiston, United States, Washington

Bond yields fell, and traders of contracts tied to the Fed's policy rate now see only a 12% chance of a rate hike by January, down from 30% before the release of the employment report. Rate futures pricing now reflects a better-than-even chance of a Fed rate cut by May of 2024, with several more cuts expected later next year. U.S. central bankers themselves are not even thinking about rate cuts, Fed Chair Jerome Powell said this week after the Fed kept its benchmark overnight interest rate steady in the 5.25%-5.50% range. "Continued upward momentum would be troubling, and hopefully this recent rise levels off as the labor market recovery continues," said Indeed.com's Nick Bunker. Still for now, most of the worries about the labor market appear to be focused on what might, or might not, happen next rather than on the evidence so far.

Persons: Jerome Powell, Kevin Lamarque, nonfarm, Bond, Powell, Thomas Barkin, Barkin, Michael Feroli, Nick Bunker, Sharif, Julie Su, Ann Saphir, Shristi Achar, Tomasz Janowski, Christina Fincher, Paul Simao, Chris Reese Organizations: Federal, Committee, Federal Reserve, REUTERS, Labor Department, U.S, Fed, Reuters Graphics Reuters, Richmond Fed, CNBC, JPMorgan, Reuters Graphics, Labor, Thomson Locations: Washington , U.S

☆ Powell: Federal Reserve to Leave Interest Rates Unchanged
▼ + stars: | 2023-11-02 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Powell: Federal Reserve to Leave Interest Rates UnchangedFederal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate unchanged, marking the second consecutive meeting with no increase. Photo: Kevin Lamarque/Reuters

Persons: Powell, Jerome Powell, Kevin Lamarque Organizations: Federal Reserve, Reuters

☆ How Higher Rates for Longer Can Be Good News for the Economy
▼ + stars: | 2023-11-02 | by ( Justin Lahart | ) www.wsj.com time to read: 1 min

Fed Chair Jerome Powell on Wednesday said the central bank will leave its benchmark interest rate unchanged, marking the second consecutive meeting with no increase. Photo: Kevin Lamarque/ReutersFederal Reserve policy makers appear disinclined to raise interest rates again. But neither do they expect to be cutting rates soon, and when they eventually do, they don’t think they are going to be cutting them by all that much. This higher-for-longer prospect has been unsettling for investors, and is part of why long-term interest rates have risen so much over the past several months. But if Fed policy makers are right about their ability to keep rates high—and it is a big if—then the economy could be in a very good place.

Persons: Jerome Powell, Kevin Lamarque, — Organizations: Reuters Federal Reserve

☆ China, U.S. to Meet for Rare Nuclear Arms-Control Talks
▼ + stars: | 2023-11-02 | by ( Michael R. Gordon | ) www.wsj.com time to read: 1 min

President Biden meeting with Chinese President Xi Jinping at the G-20 leaders’ summit in Bali, Indonesia, last year. Photo: KEVIN LAMARQUE/REUTERSThe Biden administration is preparing to hold a rare discussion with China on nuclear-arms control as the U.S. seeks to head off a destabilizing three-way arms race with Beijing and Moscow. The meeting scheduled for Monday is the first such talks with Beijing since the Obama administration and will focus on ways to reduce the risk of miscalculation, U.S. officials said.

Persons: Biden, Xi Jinping, KEVIN LAMARQUE, Obama Organizations: REUTERS, Beijing Locations: ’, Bali , Indonesia, China, U.S, Moscow

☆ Morning Bid: Markets cheer as Powell finds his balance
▼ + stars: | 2023-11-02 | by ( Wayne Cole | ) www.reuters.com time to read: +3 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNov 2 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. It's been a day for relief rallies in Asia as investors became increasingly confident the next move in U.S. interest rates will be down, not up. While Federal Reserve Chair Jerome Powell maintained the option of another hike, he sounded less than committed to the idea. The dovish mood proved infectious as investors pared back rate risks across much of the developed world.

Persons: Jerome Powell, Kevin Lamarque, Wayne Cole, It's, presser, Powell, EURIBOR, Edouard Fernandez, Isabel Schnabel, Philip Lane, Sam Holmes Organizations: Federal, Committee, Federal Reserve, REUTERS, Treasury, The Bank of, U.S, Bank of England, Norges Bank, Thomson Locations: Washington , U.S, Wayne, Asia, The Bank of England, China

☆ China Agrees to Arms-Control Talks With U.S.
▼ + stars: | 2023-11-01 | by ( Michael R. Gordon | ) www.wsj.com time to read: 1 min

Persons: Biden, Xi Jinping, KEVIN LAMARQUE, Obama Organizations: REUTERS, Beijing Locations: ’, Bali , Indonesia, China, U.S, Moscow

☆ Fed Extends Pause on Rate Hikes but Keeps Door Open to Moving Higher
▼ + stars: | 2023-11-01 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate unchanged, marking the second consecutive meeting with no increase. Photo: Kevin Lamarque/ReutersWASHINGTON—Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes. Officials voted unanimously on Wednesday to leave rates unchanged at a 22-year high. “The committee is proceeding carefully,” Powell said during a press conference where he said nothing to shift the market’s expectation that officials won’t raise rates in December.

Persons: Jerome Powell, Kevin Lamarque, ” Powell Organizations: WASHINGTON — Federal

☆ Fed's Powell says balance sheet rundown will proceed without change for now
▼ + stars: | 2023-11-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that he sees no reason to change the current drawdown of the central bank's still-massive balance sheet. The rate-setting Federal Open Market Committee "is not considering changing the pace of balance sheet runoff. While shrinking Fed holdings may have a small impact on real world borrowing costs, "I think it’s hard to make a case that reserves are even close to scarce at this point." Reuters GraphicsFed officials have said repeatedly that the balance sheet drawdown effort complements rate rises and runs in the background.

Persons: Jerome Powell, Kevin Lamarque, Powell, it's, Loretta Mester, Michael S, Andrea Ricci Organizations: Federal, Committee, Federal Reserve, REUTERS, Fed, Reuters Graphics Reuters, Reuters Graphics Fed, Reuters Graphics, Cleveland Fed, Thomson Locations: Washington , U.S

☆ Fed's Powell says higher rates need to persist to affect Fed policy choices
▼ + stars: | 2023-11-01 | by ( Michael S. Derby | ) www.reuters.com time to read: +1 min

Federal Reserve Board Chairman Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsNEW YORK, Nov 1 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on future central bank monetary policy choices. Tighter financial conditions could bear on Fed actions if they are persistent and it "remains to be seen" if that will be the case. But he did add higher Treasury market yields "are showing through" to real world borrowing costs, Powell said at a press conference following the Federal Open Market Committee meeting. Reporting by Michael S. Derby; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Kevin Lamarque, Powell, Michael S, Chizu Organizations: Federal, Committee, Federal Reserve, REUTERS, Thomson Locations: Washington , U.S

☆ Biden and first lady to visit Maine on Friday to mourn shooting victims
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

[1/2] A view shows the pictures of the victims of the deadly mass shooting on the altar as mourners take part in a vigil, in Lewiston, Maine, U.S., October 29, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - U.S. President Joe Biden and first lady Jill Biden will travel on Friday to Lewiston, Maine, where 18 people were shot and killed at a bar and bowling alley last week, the White House said on Wednesday. Robert R. Card, 40, a U.S. Army reservist, sprayed the bowling alley and bar with gunfire in the rural Maine town. He took his own life inside a cargo trailer parked on the lot of a recycling plant where he once worked. Reporting by Jasper Ward in Washington and Jarrett Renshaw in Philadelphia Editing by Dan Whitcomb and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Lamarque, Joe Biden, Jill Biden, Robert R, Jasper Ward, Jarrett Renshaw, Dan Whitcomb, Matthew Lewis Organizations: REUTERS, Rights, U.S . Army, White, Thomson Locations: Lewiston , Maine, U.S, Maine, Washington, Philadelphia

☆ US Treasury increases size of most of its debt auctions
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +3 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Treasury yields fell after the announcement on relief the increases were not as large as some had feared. The Treasury said on Wednesday it plans to increase the size of its two-year and five-year note auctions by $3 billion per month, and to increase the size of its 3-year and 7-year note auctions by $2 billion and $1 billion per month, respectively. The government will also increase the size of its two-year floating rate note new issue and reopenings by $2 billion. Some Treasury Inflation-Protected Securities (TIPS) auction sizes will also be increased, with a $1 billion increase in the December 5-year TIPS auction and January 10-year TIPS auction.

Persons: Kevin Lamarque, Steven Ricchiuto, Karen Brettell, Herb Lash, Paul Simao, Andrea Ricci Organizations: Department of, U.S . Treasury, REUTERS, U.S . Treasury Department, Treasury, U.S, Mizuho Securities USA, Securities, Thomson Locations: Washington , U.S, New York, U.S

☆ US Senate to vote on spending package Wednesday -Schumer
▼ + stars: | 2023-11-01 | by ( Moira Warburton | ) www.reuters.com time to read: +2 min

Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters at the Capitol in Washington, U.S., October 31, 2023. The Senate is working on bipartisan bills while the Republican-controlled House is aiming for measures that will pass with only votes from the majority. KEY QUOTE"Today we will pass the first three bipartisan appropriations bills," Schumer said on the Senate floor on Wednesday. "When these bills pass, they will be the only - I underscore, the only - bipartisan appropriations bills that have passed either chamber." BY THE NUMBERSCongress must pass 12 appropriations bills to fund the government through its fiscal year.

Persons: Chuck Schumer, Kevin Lamarque, Joe Biden, Schumer, Kevin McCarthy, McCarthy's, Mike Johnson, Moira Warburton, Rod Nickel Organizations: Capitol, REUTERS, Rights, U.S, Senate, Democratic, Republican, Republicans, Thomson Locations: Washington , U.S, U.S, Washington

☆ U.S. Army Reserve, family raised alarm about Maine shooter weeks before attack
▼ + stars: | 2023-10-31 | by ( Jonathan Allen | ) www.reuters.com time to read: +5 min

Reuters was not able to contact Card's relatives or officials at the Army Reserve unit. Instead, a sheriff's deputy spoke with officials at the 3rd Battalion 304 Training Group and connected them with Card's family. The battalion officials "assured our office that they would ensure that Card received medical attention," the sheriff's office said in the statement. After conferring with the Army Reserve unit and Card's brother the sheriff's office made no further attempts to contact Card: Card's unit commander told the deputy that Card no longer had any weapons from the reserve unit. The sheriff's office said it canceled the missing-person alert for Card on Oct. 18.

Persons: Saints Peter, Paul, Kevin Lamarque, Robert R, Joel Merry, Card, Card's, Jonathan Allen, Robert Birsel Organizations: Saints, REUTERS, U.S . Army, Card's Army Reserve, Army Reserve, Reuters, New York Times, Supreme, Battalion, Card, Thomson Locations: Lewiston , Maine, U.S, Saco, Lewiston, Maine, Sagadahoc County, Bowdoin, New York

☆ Big government will drive the next market cycle
▼ + stars: | 2023-10-31 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Growth picked up while quiescent inflation permitted interest rates to fall. Bereft of government support, central banks tried to stimulate their economies by pushing interest rates to new lows. That means interest rates will struggle to return to the ultra-low levels seen after 2008. The first takeaway is that higher debt levels, inflation and interest rates should be bad for bonds. Vincent Deluard of StoneX has proposed a division between intangible and tangible companies.

Persons: Kevin Lamarque, ” Ronald Reagan’s, Milton Friedman –, Britain’s Margaret Thatcher –, Reaganomics ”, Réka Juhász, Nathan J, Lane, Dani Rodrik, government’s, Vincent Deluard, StoneX, Lockheed Martin, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Republicans, Capitol, REUTERS, Reuters, Bank, Asset, Monetary Fund, Treasury, Capital Economics, Reuters Graphics Reuters Graphics, Capital, Facebook, Meta, Lockheed, Micron Technology, U.S, Congress, Nasdaq, Energy, Exxon Mobil, Labour Party, Thomson Locations: Washington , U.S, “, Ukraine, Covid, Europe, United States, United Kingdom, Germany, Japan

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