NEW YORK (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee is still looking for inflation to cool further as part of the process that would open the door to a rate cut. Describing himself as closet optimistic that we're going to see improvement on the inflation front, Goolsbee said in a CNBC interview on Monday that he is...

WASHINGTON (Reuters) - Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week's Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said. The central bank on Wednesday will release the results of its annual bank stress tests which assess how much cash...

10:42 AM EDT, 06/24/2024 (MT Newswires) -- The Dallas Fed's monthly manufacturing index rose to a reading of minus 15.1 in June from minus 19.4 in May, compared with expectations for a reading of minus 15.0 in a survey compiled by Bloomberg as of 7:55 am ET. The reading indicates a slower pace of contraction, which is in line with...

07:31 AM EDT, 06/24/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday ahead of an unusually busy week of economic data, with a focus on gross domestic product and personal income and spending data later in the week. The week starts light with only manufacturing data from the Dallas Federal Reserve on the schedule...