The Fed: Fed’s Kaplan says inflation likely to stay low even though economy near ‘full employment’

The chief of the Dallas Federal Reserve on Tuesday said inflation is likely to remain low because of vast changes in the economy wrought by new technologies...... Read more on MarketWatch

MarketWatch


Christine Lagarde resigns as head of IMF

The news comes hours before a vote on Ms Lagarde's nomination to become head of the European Central Bank.... Read more on BBC News

BBC News


U.S. manufacturing ‘is in recession,’ Fed’s data show

Manufacturing slumped in the three months ended in June for the second straight quarterly decline, the Federal Reserve said Tuesday.... Read more on MarketWatch

MarketWatch


Fed's Powell notes increased economic uncertainties, again

Uncertainties surrounding the Federal Reserve's U.S. economic outlook have increased, Fed Chair Jerome Powell said at a conference in Paris today. No surprise there.His prepared remarks repeat many of... Read more on Seeking Alpha

Seeking Alpha


Trade war fallout on China is not as bad as the numbers imply, Stephen Roach suggests

One of Wall Street's leading authorities on Asia believes China is in no rush to cut a trade deal with the United States.... Read more on CNBC

CNBC


Wall Street slips after mixed bank earnings, Trump comments

U.S. stock indexes edged lower on Tuesday as results from Wall Street's big lenders rekindled concerns about banks coming under pressure to boost profits when the Federal Reserve is seen cutting ...... Read more on Reuters

Reuters


Global stocks slip, U.S. yields rise on retail sales data

A gauge of global equities edged lower on Tuesday and U.S. Treasury yields climbed as a stronger-than-anticipated report on retail sales raised the possibility that a second rate cut by the Federal Re...... Read more on Reuters

Reuters


Bond Report: Treasury yields edge higher ahead of retail sales

Treasury yields rise Tuesday before a key update of consumer spending, which could give investors’ further clues on the economic health of U.S. households.... Read more on MarketWatch

MarketWatch


Bills targeting China's Huawei introduced in U.S. Congress

Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of...... Read more on Reuters

Reuters


Bills targeting China's Huawei introduced in U.S. Congress

Members of the U.S. Senate and House of Representatives introduced bills on Tuesday to keep tight restrictions on Huawei Technologies Co Ltd, amid concern about President Donald Trump's easing of...... Read more on Reuters

Reuters


London markets climb as pound tumbles on fear of no-deal Brexit

London markets climbed on Tuesday as the pound continued to tumble on Brexit concerns despite strong U.K. wages growth.... Read more on MarketWatch

MarketWatch


U.S. business inventories rise moderately in May

U.S. business inventories rose moderately in May as sales rebounded, suggesting that inventory accumulation could have been a drag on economic growth in the second quarter.... Read more on Reuters

Reuters


European markets cautious as Fed-induced rally subsides and trade war looms

European markets edged down on Tuesday as the dust settled on last week’s rally and concerns over a trade war tempered gains.... Read more on MarketWatch

MarketWatch


IMF warns banks must evolve or be 'left behind'

In a new paper entitled "The Rise of Digital Money," IMF authors Tobias Adrian and Tommaso Mancini-Griffoli argued the two most common forms of money today, cash and bank deposits, will "f... Read more on Seeking Alpha

Seeking Alpha


Bleak German mood weighs on Europe, Brexit pummels pound

Darkening German investor morale and fresh Brexit woes cast a shadow over European markets on Tuesday, with German benchmark bond yields coming under pressure and the pound plunging to six month-lows ...... Read more on Reuters

Reuters


World stocks mark time ahead of U.S. data, earnings

Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the w...... Read more on Reuters

Reuters


China says Trump 'misleading' people linking trade deal, slowing economy

China on Tuesday rebuffed a suggestion from U.S. President Donald Trump that Beijing needs a trade deal with the United States because its economy is slowing, saying this was "totally misleading&...... Read more on Reuters

Reuters


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