Fed report

WASHINGTON | Fed says trade war downturn could pose challenges

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the central bank has tools it can use to cushion the potential economic fallout from a trade war. But he told Congress the effort could be challenging if higher tariffs push inflation up too sharply. If the retaliatory tariffs imposed by other countries slowed U.S. … Continue reading WASHINGTON | Fed says trade war downturn could pose challenges

World stocks lower after Fed report renews bond yield fears

HONG KONG/February 22, 2018 (AP)(STL.News) —World stock markets generally declined Thursday, tracking Wall Street’s fall after the latest Fed report rekindled fears about inflation and rising bond yields. KEEPING SCORE:  European markets fell in early trading. Britain’s FTSE 100 slid 1 percent to 7,205.21 and Germany’s DAX lost 0.5 percent to 12,384.33. France’s CAC 40 … Continue reading World stocks lower after Fed report renews bond yield fears