NEW YORK, Nov 13 (Reuters) - The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of next year, according to Goldman Sachs economists who cited stronger-than-expected economic growth that is helping forestall a recession.So far this year, the U.S. economy has defied recession fears and "made substantial progress toward a soft landing," Goldman's David Mericle and the firm's economics team said in a note dated on Sunday.Goldman now expects a "historically average" 15% chance of recession over the next 12 months, compared to the consensus probability of 48%, the firm...…NEW YORK, Nov 13 (Reuters) - The U.S. Federal Reserve will hold off cutting rates until the fourth-quarter of next year, according to Goldman Sachs economists who cited stronger-than-expected economic growth that is helping forestall a recession.So far this year, the U.S. economy has defied recession fears and "made substantial progress toward a soft landing," Goldman's David Mericle and the firm's economics team said in a note dated on Sunday.Goldman now expects a "historically average" 15% chance of recession over the next 12 months, compared to the consensus probability of 48%, the firm...WW…

By NEW YORK (Reuters) - A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.The yield on the benchmark U.S. Treasury note, whose surge has roiled markets in recent weeks, fell back after hitting its highest level since January 2020 ahead of the highly anticipated statement from the central bank.The Fed projected a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.“In our view, the combination of still low yields, very slow...…By NEW YORK (Reuters) - A gauge of global stocks gained on Wednesday and the U.S. dollar slid after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come.The yield on the benchmark U.S. Treasury note, whose surge has roiled markets in recent weeks, fell back after hitting its highest level since January 2020 ahead of the highly anticipated statement from the central bank.The Fed projected a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.“In our view, the combination of still low yields, very slow...WW…

By NEW YORK (Reuters) - World stock markets rose on Monday and benchmark U.S. bond yields slipped from 13-month highs as investors looked to the U.S. central bank’s meeting later in the week.Wall Street’s main indexes rallied in late afternoon trade after the benchmark S&P 500 closed at another record high, while European shares were flat after rising to pre-pandemic levels, with travel shares gaining in both regions.MSCI’s gauge of stocks across the globe gained 0.37%.The Federal Reserve’s two-day policy meeting ending on Wednesday is in focus with rising bond yields and concerns over...…By NEW YORK (Reuters) - World stock markets rose on Monday and benchmark U.S. bond yields slipped from 13-month highs as investors looked to the U.S. central bank’s meeting later in the week.Wall Street’s main indexes rallied in late afternoon trade after the benchmark S&P 500 closed at another record high, while European shares were flat after rising to pre-pandemic levels, with travel shares gaining in both regions.MSCI’s gauge of stocks across the globe gained 0.37%.The Federal Reserve’s two-day policy meeting ending on Wednesday is in focus with rising bond yields and concerns over...WW…

By , Slideshow (Reuters) - GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.Shares of the videogame retailer, along with other stocks favored by retail investors congregating in online forums such as Reddit’s popular WallStreetBets, have roared back in recent sessions after a wild ride in which they soared in late January and tumbled early last month.Along with GameStop, which pared gains to close up 18.3%, cinema chain AMC Entertainment finished up 14.6% and headphone maker...…By , Slideshow (Reuters) - GameStop and other “meme stocks” mounted a late-day rally on Monday, with shares of the video game retailer climbing nearly 32% at one point on little apparent news.Shares of the videogame retailer, along with other stocks favored by retail investors congregating in online forums such as Reddit’s popular WallStreetBets, have roared back in recent sessions after a wild ride in which they soared in late January and tumbled early last month.Along with GameStop, which pared gains to close up 18.3%, cinema chain AMC Entertainment finished up 14.6% and headphone maker...WW…