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As Powell term ends, his legacy may be as much about courting Congress as monetary policy
9+ hour, 27+ min ago (403+ words) WASHINGTON, May 15 (Reuters) " Federal Reserve Chair Jerome Powell's immediate predecessors knew how to "go big" in a crisis, steer a committee towards an interest rate decision, and oversee changes in central bank strategy, all parts of the job that the…...
Putin says measures taken to boost Russian economy are working
8+ hour, 52+ min ago (153+ words) KFGO Putin says measures taken to boost Russian economy are working MOSCOW, May 15 (Reuters) " Russian President Vladimir Putin said on Friday "that measures undertaken by "the government to boost the economy were beginning to yield positive results, after "Moscow "was…...
BOJ expected to raise rates to 1. 0% in June, hike again in October-December
15+ hour, 22+ min ago (583+ words) TOKYO, May 15 (Reuters) " The Bank of Japan will raise its key interest rate to 1. 0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with efforts to normalise monetary policy amid rising inflation concerns from…...
Fed's Barr says wrong to lower liquidity rules to shrink Fed holdings
20+ hour, 27+ min ago (678+ words) NEW YORK, May 14 (Reuters) " Federal Reserve Governor Michael Barr said Thursday that lowering liquidity rules to get the central bank's balance sheet smaller is a bad idea and could undermine the safety of the financial system. "There has been a…...
US import prices surge in April as fuels post biggest gain in four years
1+ day, 6+ hour ago (317+ words) WASHINGTON, May 14 (Reuters) " U. S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U. S. -backed war "with Iran was boosting inflation. Import prices increased 1. 9% "last month after an upwardly revised…...
US weekly jobless claims increase moderately, labor market remains stable | The Mighty 790 KFGO
1+ day, 6+ hour ago (207+ words) WASHINGTON, May 14 (Reuters) " The number of Americans filing claims for unemployment benefits increased moderately last week, pointing "to a stable labor market even "as rising energy prices from the war with Iran drive up inflation. Initial claims for state unemployment…...
Dollar at one-week high on Middle East uncertainty, hot US inflation
2+ day, 3+ hour ago (609+ words) By Lucy Raitano and Jiaxing Li HONG KONG, May 13 (Reuters) " The dollar held near a one-week high on Wednesday on renewed uncertainty in the Middle East and as traders digested a hotter-than-expected U. S. inflation print and closely watched the yen. The…...
US producer prices post biggest gain in four years in April
2+ day, 6+ hour ago (328+ words) WASHINGTON, May 13 (Reuters) " U. S. producer prices increased more than expected in April, posting their biggest gain since early 2022, the latest indication that inflation was accelerating amid "the war with Iran. The Producer Price Index for final "demand surged 1. 4% last month after…...
American Farm Bureau: Imported beef threatens fragile recovery for America's ranchers
3+ day, 3+ hour ago (187+ words) Krystal Hamlin / CC WASHINGTON, May 12, 2026" President Trump is considering issuing an executive order that would allow more beef imports at lower tariff rates, but increasing imports could have long-term impacts and fails to address the underlying issues facing America's ranchers....
India inflation remains modest in April at 3. 48% but energy risks grow
3+ day, 30+ min ago (486+ words) By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI, May 12 (Reuters) " India's retail inflation rose marginally to 3. 48% in April, driven by dearer food prices, government data showed on Tuesday, but the outlook remains clouded by risks from rising energy costs…...