Market Archive

Fed sees pickup in economic growth, but inflation remains muted

WASHINGTON (Reuters) – The U.S. economy expanded at a modest to moderate pace in July through mid-August but signs of an acceleration in inflation remained slight, the latest survey conducted by the Federal Reserve showed on Wednesday. “Prices rose modestly overall across the country,” the central bank said in its Beige Book report of the

European stocks break 3-day win streak after North Korea tests its nuclear arsenal

European stock markets dropped across the board Monday, with so-called risk assets rattled after North Korea conducted a nuclear bomb test and was said to be preparing for a possible launch of another intercontinental ballistic missile. The Stoxx Europe 600 index SXXP, -0.52%  fell 0.5% to close at 374.20, snapping a three-session winning streak. The decline in stocks

Dollar flat for the day and week after jobs report, other data

The U.S. dollar was little changed on Friday and for the week, amid choppy trade that saw the currency recover from a short-lived downdraft following weaker-than-expected jobs report. The closely watched jobs report showed that the U.S. economy added 156,000 jobs last month, while the unemployment report ticked up to 4.4% from 4.3% in July,