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