WASHINGTON (Reuters) - Production at U.S. factories surged in August amid a rebound in motor vehicle output, but data for the prior month was revised lower, suggesting that manufacturing continued to tread water. Factory output increased 0.9% last month after a downwardly revised 0.7% drop in July, the Federal Reserve said on Tuesday. Economists polled by Reuters had forecast factory...

WASHINGTON (Reuters) - Republican U.S. House Speaker Mike Johnson intends to hold a Wednesday vote on a six-month stopgap federal funding measure, Punchbowl News reported on Tuesday, citing unnamed sources. U.S. government funding expires on Sept. 30. ...

(Reuters) - Traders on Tuesday kept bets the Federal Reserve will start an expected series of interest rate cuts with a half-percentage-point move downward on Wednesday, an expectation that may itself put pressure on central bankers to deliver just that. Futures tied to the Fed policy rate as of Tuesday mid-morning implied about a two-in-three chance of a bigger cut,...

09:53 AM EDT, 09/17/2024 (MT Newswires) -- D.A. Davidson said it is not ruling out a 50-basis-point policy rate cut from the Federal Reserve on Wednesday, although the central bank is widely anticipated to announce a 25-basis-point cut. We also believe Fed commentary will indicate continued cuts are likely at subsequent meetings (two additional Fed meetings in 2024, November and...