By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers seeking greater confidence that inflation is on track to their 2% goal may have gotten the opposite on Friday when data showe[...]
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February 2, 2024
Biden to release proposed U.S. budget plan on March 11
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden will put forth his proposed U.S. spending plan on March 11, according to the White House Office of Management and Budget. The[...]
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Yields and dollar jump, stocks rally on blowout US jobs report
By Herbert Lash NEW YORK (Reuters) – Treasury yields jumped, the dollar surged and world equities rallied on Friday after a blowout U.S. jobs report scuttled any lingering expectations of a near[...]
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Fed’s Bowman sees inflation falling, calls for caution on rate cuts
(Reuters) – Federal Reserve Governor Michelle Bowman on Friday said she expects U.S. inflation to decline further, but flagged worries about upward price pressure from rising wages and warned ag[...]
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Bank of America CEO Moynihan’s pay falls to $29 million in 2023
By Saeed Azhar and Manya Saini NEW YORK (Reuters) – Bank of America cut compensation for CEO Brian Moynihan by 3.3% to $29 million for 2023 after its annual profit fell 4%, the lender said in a[...]
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US labor market sizzles with blowout job growth, solid wage gains
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in January and wages increased by the most in nearly two years, signs of persistent strength in the labor market that could m[...]
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US factory orders rise moderately in December
WASHINGTON (Reuters) – New orders for U.S.-made goods rose just moderately in December, but a pick up is likely in the months ahead as unfilled orders continued to pile up. Factory orders gained[...]
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Oil posts weekly losses as US data dents hopes for near-term rate cuts
By Laila Kearney NEW YORK (Reuters) -Oil prices fell by about 2% on Friday and posted weekly losses after U.S. jobs data shrank the odds of imminent interest rate cuts in the world’s largest eco[...]
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Grocery stores should cut prices as costs ease, Biden White House says
By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. President Joe Biden’s administration is taking aim at grocery chains, sending an election-year suggestion that the companies lower prices on[...]
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