United Auto Workers strike: Cost to US economy nears $8 billion
The United Auto Workers' month-long strike against Detroit's Big Three automakers continues to take a growing toll on the industry...
Economy
Fed has lifted interest rates high enough to tame inflation, Bostic suggests
The chief of the Atlanta Federal Reserve said further increases in interest rates probably aren’t necessary to bring inflation back...
JP Morgan president warns of economic risks amid high inflation and rising interest rates
Daniel Pinto, the president of JP Morgan Chase (NYSE:) & Co., expressed concerns about the vulnerability of the robust U.S....
Fed’s Kashkari says recent run-up in longer-term bond yields is ‘a little bit perplexing’
The recent runup in U.S. long-term bond yields is puzzling, said Minneapolis Federal Reserve President Neel Kashkari on Tuesday. “The...
Bank of Canada anticipates further rate hikes amid inflation and geopolitical concerns
Tiff Macklem, Governor of the Bank of Canada, addressed potential future interest rate hikes amidst geopolitical instability and persistent inflation...
Tighter financial conditions are going to do some of the Fed’s work for it: Waller
The recent run-up in Treasury yields is doing some of the Federal Reserve’s job of slowing the economy down, said...
Yellen says believes US housing inflation will still ease over time
By David Lawder and Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen told Reuters on Friday that she...
Fed minutes show officials wary about the outlook and wanting to move carefully
Minutes of the Federal Reserve’s September policy meeting show that officials were “highly uncertain” about the future path of the...
Kaiser Permanente, union coalition reach tentative deal after strike
By Leroy Leo and Manas Mishra (Reuters) -A union coalition for Kaiser Permanente healthcare workers reached a tentative labor deal...
Steve Scalise nominated for speaker by House Republicans
House Republicans on Wednesday nominated Majority Leader Steve Scalise as their candidate for speaker, tapping a potent fundraiser and ally...
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