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Renewed Chinese auto tariffs would cost U.S. jobs, industry coalition warns
WASHINGTON (Reuters) - The head of a broad coalition of Japanese, German and South Korean automakers warned on Friday that renewed punitive Chinese tariffs on U.S. autos would hurt U.S. vehicle exports to China and put U.S.
U.S. new home sales drop sharply, point to more housing weakness
WASHINGTON (Reuters) - Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market.
China's tariff blow weighs on Wall Street, Powell speech in focus
(Reuters) - U.S. stocks fell on Friday after China threatened to impose additional tariffs on $75 billion worth of U.S. goods, ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell.
For world's central banks, a call to hang together
JACKSON HOLE, Wyo. (Reuters) - Over the decades since World War Two the growth rates, inflation rates, interest rates and business cycles of the world’s major economies grew closer together.
Powell: Fed to act as appropriate to keep expansion going
(Reuters) - The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not.