Tuesday’s retail sales report for August indicates that the U.S. economy is doing pretty well, but the Federal Reserve is still expected to cut rates on Wednesday to avoid making the same mistakes as one of its predecessors, an economist says. “If the Fed doesn’t initiate its easing cycle with 50-basis points surely a 25-basis point move will be enveloped...

JOHANNESBURG, Sept 17 (Reuters) - The South African rand held steady on Tuesday, with investor focus on Wednesday's U.S. Federal Reserve policy decision which could see it deliver a big interest rate cut. At 1501 GMT, the rand traded at 17.635 against the dollar , not far from its Monday closing level of 17.6225. Markets are certain the Fed will...

11:15 AM EDT, 09/17/2024 (MT Newswires) -- Home price growth picked up on a sequential basis in August while the annual pace eased to the slowest rate since January, Redfin (RDFN) reported Tuesday. Prices of US homes advanced 0.5% on a seasonally adjusted basis last month, the largest increase since April, according to the real estate brokerage. Home prices climbed...

Sept 17 (Reuters) - Energy Transfer ( ET ) said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, which started on Monday, was continuing to burn itself out on Tuesday morning. The massive fire on Monday morning knocked out power to thousands of homes and businesses and prompted a widespread evacuation of the area, but...