Persistent inflation risk and potential for real estate losses a worry in Fed report on banks
A Federal Reserve survey of financial stability risks released Friday showed growing concerns of persistent inflation and the potential for...
Economy
Fed’s Barkin: can’t rely on tightening from long-term rates
(Reuters) - Richmond Federal Reserve Bank chief Thomas Barkin on Tuesday said that higher long-term borrowing costs are putting downward...
U.S. budget deficit swells to $1.7 trillion in fiscal 2023 as revenue tumbles
The numbers: The federal budget deficit for fiscal year 2023 was $1.7 trillion, up $320 billion, or 23%, from a...
Detroit casino workers go on strike after failed talks
By Doyinsola Oladipo NEW YORK (Reuters) -Thousands of hospitality workers in Detroit walked off the job on Tuesday after unions...
US Treasury-Market Recovers Post Regional Bank Failures
The liquidity of the US Treasury market has largely rebounded following disruptions caused by the regional bank failures in March,...
The reality of 8% mortgage rates
Mortgage rates continued their unrelenting upward climb last week, adding potentially thousands in additional costs for would-be homebuyers. Rates on...
Fed can ‘wait, watch’ how economy evolves before making any interest-rate decisions, Waller says
The Federal Reserve needs to “wait, watch and see” how the economy evolves before making any interest-rate moves, said Fed...
U.S. lawmakers expect Biden spending request this week, Israel wants $10 billion – source
By Patricia Zengerle WASHINGTON (Reuters) - U.S. Senate leaders said on Tuesday they expect President Joe Biden to send them...
UAW squeezing Big Three but stops short of expanding strike
United Auto Workers President Shawn Fain said in his weekly address Friday that the union's strike against Detroit's Big Three...
House speaker vote: Betting markets see McHenry as more likely than Jordan to get the job permanently
The House’s temporary speaker, Rep. Patrick McHenry, has seen a surge in his chances of getting the post on a...
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