Bloomberg Federal Reserve Bank of New York President John Williams gave an optimistic review of the US economy, reiterated his support for further gradual interest-rate increases and expressed no concern that market participants have dialed back expectations for policy tightening in 2019. Markets moved sharply after Chairman Jerome Powell said that the Fed is getting closer to its range of …

Bloomberg India’s central bank kept interest rates unchanged for a second straight meeting as inflation and economic growth slowed in Asia’s third-largest economy. The benchmark repurchase rate will stay at 6.5 percent, the Reserve Bank of India (RBI) said in a statement in Mumbai on Wednesday, in line with most of the forecasts in a Bloomberg survey. The RBI, which …

Bloomberg Wells Fargo & Co’s Tim Sloan warned investors that the firm’s net interest income (NII) would be less than analysts are predicting, and shares of the company dropped the most in more than a month. Fourth-quarter NII will be flat compared with the previous three months, when the bank collected $12.6 billion in interest, the chief executive officer said …