Bradley Keoun covers markets and finance for TheStreet.
A former reporter and editor for Bloomberg News in New York and Mexico City, he covered the financial crisis of 2008 and has written about U.S. banks, the energy industry and emerging markets.
Keoun, who previously worked for the Gainesville (Fla.) Sun and Chicago Tribune, has a master's in journalism from the University of Florida and a bachelor's in electrical engineering from Duke University. You can reach him at email@example.com and follow him on Twitter @liqquidity.
Federal Reserve officials last week scrapped a pledge to be 'patient'' when deciding whether to cut U.S. interest rates to ward off an economic downturn. The move was seen as inching the Fed closer to a possible reduction in July. But Robert Kaplan, president of the central bank's Dallas branch, argues in a new essay that 'additional time' is needed to evaluate whether to make any changes in monetary policy.
Synchrony, the bank spun off from General Electric in 2014, has posted impressive asset growth and profitability in recent years. But some investors are leery of the stock because of the potential for steep losses if the U.S. economy takes a turn for the worse.
The Federal Reserve's 'stress tests' of big banks requires them to maintain sufficient capital, even after a nightmare economic scenario in which stock prices fall by 65% and unemployment surges to 10%.
James Bullard, president of the Federal Reserve Bank of St. Louis, was the only member of the Federal Reserve's monetary-policy committee to vote this week for a cut in the official U.S. interest rate. The panel majority, led by Chair Jerome Powell, voted to keep the rate at 2.25% to 2.5% but warned of risks to the U.S. economy.
The Fed's monetary-policy committee voted to keep the benchmark U.S. interest rate at 2.25% to 2.5%, but warned of risks to the U.S. economy and dropped a pledge to remain 'patient' on future rate cuts.
The Federal Reserve's monetary-policy committee, after a two-day meeting that culminates on Wednesday, is likely to scrap a pledge for 'patience' on setting interest rates, paving a way for a rate reduction in July, according to economists at Deutsche Bank.
Builders started 1.269 million new home-construction projects during May, the Census Bureau says, down from the prior month's 1.29 million. But the figure for housing starts still exceeded Wall Street expectations for 1.245 million new projects in May.
KPMG, the giant accounting firm, agrees to pay $50 million to settle Securities and Exchange Commission accusations that employees cheated on internal training exams and altered past audit work based on stolen information.
Retail sales rose 0.5% in May, a government report shows. Economists had projected an increase of 0.6% from April levels.
Wall Street economists project that the U.S. economy will slow to 2.2% this year from 2.9% in 2018, causing President Donald Trump's administration to fall short of its pledge of 3% growth. But all that could change if the president terminates his trade war -- and it's largely within his control.
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