Small-cap stocks are gaining traction, with the Russell 2000 Index outperforming major large-cap benchmarks as the week kicks off amid renewed confidence in the U.S. economy, fueled by upbeat economic data released last week. The iShares Russell 2000 ETF Trust surged past its 50-day moving average on Thursday and extended gains into Monday, buoyed by investor optimism ahead of the...

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) - The Bank of Korea will keep its key interest rate at 3.50% on Thursday and cut it next quarter after the U.S. Federal Reserve likely begins easing in September, according to a Reuters poll. The benchmark rate has been at 3.50% since January 2023. With inflation rising 2.6% in July from an...

WASHINGTON (Reuters) - Federal Reserve officials gathering at the annual central banking conference in Jackson Hole, Wyoming, this week can take some satisfaction that the U.S. unemployment rate, at 4.3%, remains low by historical standards. But it usually is: The U.S. experience of unemployment since the late 1940s has involved jobless rates that far more often than not are below...

The Conference Board's leading indicators no longer signal recession.The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.The leading U.S. economic indicators are still pointing to a slowdown, but no longer signal a recession, data from the Conference Board, a nonpartisan and non-profit research organization, showed Tuesday. That's a positive sign for risk assets,...