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Fed's gradual rate hikes balance against risks: Powell

FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell holds a news conference following a two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., September 26, 2018. REUTERS/Al Drago/File Photo NEW YORK (Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great …

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Car market collapse outruns GM moves to keep up

DETROIT (Reuters) – General Motors Co’s monumental announcement on Monday that it will close three car assembly plants in North America and slash its workforce will only partially close the gap between capacity and demand for the automaker’s sedans, according to a Reuters analysis of industry production and capacity data. …

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Asian shares tentative ahead of Trump-Xi meeting, Fed speech

SYDNEY (Reuters) – Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute. An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China …

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