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29 May 2015 02:50

Fed rate hike in 2015 not consistent with mandate: Kocherlakota

A US interest rate hike this year would be a mistake, a top Federal Reserve official said on Thursday, and would represent a missed opportunity to boost employment and too-low inflation in an economy that has plenty of room to grow.

  • 29 May 2015 01:31

    Greece euro exit 'a possibility': IMF chief

    Greece's exit from the eurozone is a possibility but would not signify an end to the single currency, International Monetary Fund chief Christine Lagarde said in a newspaper interview on Thursday.

  • 29 May 2015 04:57

    US stocks dip on worries about Greece

    Wall Street stocks dipped on Thursday, following leading eurozone equity markets lower on worries about a potential Greek exit from the currency bloc.

  • 28 May 2015 20:35

    US housing data, sturdy jobs market buoy growth outlook

    Contracts to buy previously owned US homes rose for a fourth straight month in April to a nine-year high, buoying the outlook for the housing market and the overall economy.

  • 29 May 2015 04:00

    Oil market ticks higher after US petroleum report

    Oil prices rose modestly on Thursday after a mixed US petroleum report showed declines in crude and gasoline inventories that were larger than expected and a rise in crude production.

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