New Report on SVB Collapse Pins Blame on Fed's Own Regulators, Fed Official Says
The report, commissioned by Trump ally Michelle Bowman, blamed bank-supervision staff in the Biden era.
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U.S. Leading Indicators Ticked Down in August
The Conference Board's Leading Economic Index fell by 0.1% to 99.5 as consumer expectations remained a significant strain.
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U.S. Industrial Production Unchanged in August
Production held flat last month after rising in July and June. Analysts polled by The Wall Street Journal expected a 0.3% increase.
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U.S. Stocks Trade Mixed
U.S. stocks traded mixed as a continued fall in oil prices helped lift sentiment across markets.
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Oil Prices Fall for Third Day as Saudi Supply Concerns Ease Slightly
Oil prices fell for a third day Friday, with WTI crude slipping below $100 a barrel as expectations of restored Saudi pipeline flows eased immediate supply concerns.
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Bank of Japan Raises Rates, Making U.S. Less Alluring for Tokyo Investors
The yen weakened as two members of the bank's board suggested future rate rises might come more slowly than anticipated.
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Failure of Clarity Act Turns Crypto Industry Focus to Federal Regulators
EXCLUSIVE: The act's failure to progress leaves regulation of the cryptocurrency industry in the hands of government agencies and vulnerable to interpretation as administrations change, analysts said.
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The U.S. and China Want AI Guardrails. But Their Ideas Couldn't Be More Different.
American dialogue has centered on protecting humanity from the technology, while Beijing is chiefly concerned with safeguarding the Communist Party.
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How Warsh Raised Rates Without Drawing Trump's Ire
The new Fed chairman's close relationship with the president gave him room to move without prompting a White House backlash.
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U.K. Retail Sales Climbed Despite Inflation Pickup
Retail sales rebounded in August, helped by online sales, as consumers shrugged off recently rising inflation.
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Weeks Before the Midterms, Almost Everything Is Getting More Expensive
The price of eating out, filling a gas tank and buying a house keeps rising. The Fed raised rates to try to tamp down inflation, but that will make borrowing more expensive too.
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The Markets See Rates Going Higher Than the Fed Does. Is Stagflation Ahead?
Fed-funds futures and the two-year-Treasury note have proved to be trusty guides on rates.
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RBA Governor Bullock Says Inflation Fears Materializing
Bullock said inflation is likely to remain elevated for some time due to capacity pressures and the Middle East conflict.