By Laura Sanicola (Reuters) -Oil prices settled lower on Wednesday after sliding more than $3 a barrel in the session after U.S. government data showed big builds in crude oil, gasoline and distillate[...]
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February 1, 2023
Fed’s Powell: If economy meets expectations, unlikely to see rate cuts this year
By Michael S. Derby (Reuters) – Federal Reserve Chair Jerome Powell pushed back on Wednesday on rising hopes that the U.S. central bank may be able to undue some of its interest rate rises this[...]
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Fed’s Powell: Prospect of U.S. soft landing remains alive
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that his hopes for an economic soft landing, despite very aggressive interest rate rises, remain alive. “I continue to thi[...]
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Late Subway co-founder’s stake donated in potential tax shield
By Abigail Summerville NEW YORK (Reuters) – Subway’s late co-founder has left his 50% stake in the sandwich chain to his philanthropic foundation, protecting billions of dollars in proceed[...]
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Fed’s Powell: No one should assume Fed can protect economy in debt default
(Reuters) – Congress lifting the debt ceiling is the “only way forward” to allow the federal government to meet its obligations and no one should expect the Federal Reserve to be abl[...]
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Fed’s Powell: will need substantially more evidence to be confident inflation on downward path
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday welcomed recent cooling in inflation data but said there had not been enough progress bringing price pressures back to 2%.[...]
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U.S. job openings increase to five-month high as labor market stays tight
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings unexpectedly rose in December, showing demand for labor remains strong despite higher interest rates and mounting fears of a recession,[...]
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Biden will pick new economic team after State of the Union -officials
By Andrea Shalal and Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden is still weighing candidates for new top economic advisers, officials familiar with the process said, and no[...]
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FedEx to cut senior jobs as part of larger staff reduction
By Lisa Baertlein LOS ANGELES (Reuters) -FedEx Corp on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort that has reduced staffing at[...]
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