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US stock futures pare losses after inflation data, Trump targets Europe

LONDON (Reuters) -U.S. stock index futures pared some declines on Friday after data showed inflation in the world's largest economy cooled slightly last month, while European shares came under fire after Donald Trump's latest threat to impose tariffs. U.S. Treasury yields also fell, with the benchmark 10-year yield sliding 6.6 basis points (bps) to 4.504%. U.S. stock futures were down 0.6-0.8%, indicating Wall Street was set to open lower, but that compared to declines of 0.8-1.3% earlier in the day.

Ignore New York At Your Peril: NYC Office Market Hits Overdrive, Breathing Life Into The City's Business And Real Estate

Comedian Jerry Seinfeld is having the last laugh. New York is back in business. During the pandemic, when The New York Times published an article questioning if New York was over, Seinfeld hit back at the hand-wringing skeptics with a Times article of his own, “So You Think New York Is ‘Dead’ (It’s not).” He was right. Recent numbers show that the Big Apple’s commercial real estate numbers are back to pre-pandemic levels as workers return to the office en masse, breathing life into surrounding b

Fed's Hammack says economic strength argued against rate cut

NEW YORK (Reuters) -Federal Reserve Bank of Cleveland President Beth Hammack said Friday she voted against the central bank’s rate cut earlier this week because economic strength and the inflation outlook argued against easing policy. With monetary policy "not far" from a neutral stance, Hammack said she wants monetary policy to hold steady "until we see further evidence that inflation is resuming its path to our 2 percent objective,” she said in a statement released Friday as the quiet period around the most Federal Open Market Committee ended. On Wednesday, the Fed met expectations and cut its federal funds target range by a quarter percentage point, to between 4.25% and 4.5%.