By Ann Saphir and Lindsay Dunsmuir (Reuters) -Federal Reserve officials said on Tuesday the U.S. central bank will need to keep gradually raising interest rates to beat inflation and suggested sticky[...]
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February 14, 2023
Biden names Fed’s Brainard as top economic adviser, Bernstein to head CEA
WASHINGTON (Reuters) – U.S. President Joe Biden named Federal Reserve Vice Chair Lael Brainard to head the National Economic Council (NEC), replacing Brian Deese. In a statement, the White House[...]
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Dollar hits six-week high vs yen; rises from two-week low after U.S. inflation data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a six-week high against the yen and recovered from a roughly two-week low against a basket of major currencies on Tuesday as data[...]
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Biden pledges to not let America default on its debt
By Steve Holland and Nandita Bose WASHINGTON (Reuters) – President Joe Biden challenged Republicans on Tuesday to release a budget proposal and let Americans decide whether they want to stay the[...]
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Oil settles 1% lower as market braces for more supply from U.S. reserve
By Shariq Khan BENGALURU (Reuters) -Oil prices settled more than 1% lower on Tuesday after the United States said it would boost supply in the market by releasing more crude from its Strategic Petrole[...]
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Coffee trumps economic crisis as Tim Hortons opens in Pakistan
LAHORE, Pakistan (Reuters) – Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this week just[...]
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Rents push up U.S. consumer prices; inflation gradually cooling
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices accelerated in January as Americans continued to be burdened by higher costs for rental housing and food, suggesting that the Federa[...]
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Analysis-Sticky inflation, weak earnings could hobble U.S. stock surge
By Lewis Krauskopf NEW YORK (Reuters) – A rally that has lifted stocks in the early weeks of 2023 may struggle to find its next leg higher as investors face more expensive valuations, a weak ear[...]
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Argentine savers ‘drown’ under spiraling prices as inflation hits 99%
By Miguel Lo Bianco and Horacio Soria BUENOS AIRES (Reuters) – Argentina’s inflation rate has hit just shy of 100%, the government said on Tuesday, with savers feeling more pain from some[...]
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