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Listen Live:
Saturday’s: 9AM
Fox Sports Ventura
1590 AM/97.9 FM KVTA
Sunday’s: 7AM K-EARTH 101 FM
Federal Reserve keeps rates unchanged as expected Treasury yields moved up after the Fed decided to keep rates steady but indicated it still intends to hike them at least two more times this year. The yield on the 10-year note rose 0.7 basis point to 2.298% after the announcement, adding to a modest rise seen
READ MOREThe Federal Reserve on Wednesday voted 9-0 to leave its benchmark interest rate at 0.75% to 1%, but the FOMC also indicated it’s still on track for two more rate increases in 2017. The Fed said the sharp slowdown in first-quarter GDP resulting from a falloff in consumer spending is “likely to be transitory.” The
READ MOREInitial U.S. jobless claims fell by 19,000 to 238,000 in the last week of April, the government said Thursday. Economists polled by MarketWatch has expected new claims to total a seasonally adjusted 245,000 in the seven days stretching from April 23 to April 29. The more stable monthly average of jobless claims rose by 750
READ MOREU.S. trade deficits with Mexico and Japan hit the highest levels in March in almost a decade, though the nation’s trade gap overall was virtually unchanged. The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap.
READ MOREThe productivity of American firms and their employees fell in the first quarter at the fastest rate in a year, reflecting a cutback in the amount of goods and services made available to customers. U.S. productivity — the key to a higher standard of living — declined at a 0.6% annual pace in the first
READ MORETreasury prices fell Thursday, allowing yields to continue their rise a day after Federal Reserve policy makers indicated the central bank would gradually hike rates this year, helping to overcome some investor’s suspicions that weak economic data would stay the Fed’s hand on future increases.
READ MOREThere will be six Federal Reserve officials speaking on Friday and economists will be listening for clues about balance-sheet policy. The central bank did not shed any new light on the internal discussions on its plans to reduce its $4.5 trillion balance sheet on Wednesday.
READ MOREThe UMich consumer sentiment gauge fell to 94.5 in early June from 97.1 in May. Economists surveyed by MarketWatch had expected a slight increase to 97.3. Instead, it is the lowest reading since November.
READ MOREThe economy generated 211,000 new jobs in April, rebounding from a disappointing March and pointing to steady U.S. economic growth ahead. Economists polled by MarketWatch had predicted a 190,000 increase in nonfarm jobs. The unemployment rate dipped to 4.4% from 4.5%, a postrecession low last matched in May 2007, the government said Friday. Average wages
READ MOREChicago Fed President Charles Evans said the central bank could be done raising rates this year, offering a relatively dovish stance. The central bank official, who is a voting member this year of the Fed’s policy-setting committee, said he supports the current policy of “very gradual” interest-rate hikes and a slow reduction of the balance
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