U.S. Treasury yields were little changed on Thursday as investors digested the Federal Reserve's interest rate decision and assessed the outlook for monetary policy.
At 04:03 a.m. ET, yield on the 10-year Treasury was trading at 3.4055% after rising by less than a basis point. The 2-year Treasury yield fell by less than a basis point and was last trading at 4.1125%.
Yields and prices have an inverted relationship. One basis point i...

Republican U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and President Joe Biden have agreed to meet again for talks on raising the U.S. government borrowing limit.
Biden and McCarthy held initial talks on Wednesday in a first test of how the two could work together. The pair spoke again on Thursday at the National Prayer Breakfast, where they sat together.
The U.S. government neared its $31.4 trillion deb...

The shale “boom” is about thirteen years old, if you date it from 2010 and there are clear signs the meteoric growth of past years are behind us. Our expectations are for shale production to maintain an upward trend for most of this year, but with an arc that flattens as 2023 waxes on, and then begins to bend down. Perhaps as soon as the end of this year. This opinion flies in the face of generally accepted industry and governmental forecasts that sh...

Consumers spent less in December even as an inflation measure considered key by the Federal Reserve showed the pace of price increases easing, the Commerce Department reported Friday.
Personal consumption expenditures excluding food and energy increased 4.4% from a year ago, down from the 4.7% reading in November and in line with the Dow Jones estimate. That was the slowest annual rate of increase since October 2021...

Some 73% of CEOs think global growth will decline in the next year, according to a survey by audit firm PwC, confirming the most pessimistic outlook by business leaders for 12 years.
But this isn’t a repeat of the economic crash of 2008 and 2009, PwC Chairman Bob Moritz said from the World Economic Forum in Davos, Switzerland, Tuesday.
“The difference is then no one saw it coming and no one could figure out...