Fed’s Cook wants ‘greater confidence’ inflation is slowing before backing interest-rate cuts
Federal Reserve Gov. Lisa Cook said Thursday that inflation has slowed faster than expected, but central bank officials need “greater...
Economy
Rising credit card interest costs consumers extra $25 billion, CFPB says
(Reuters) -The Consumer Financial Protection Bureau (CFPB) said on Thursday credit card companies' interest on loans was at an all-time...
Mega Millions jackpot rises to $650M after no ticket matches winning numbers
The Mega Millions jackpot grew to an estimated $650 million after nobody matched the winning tickets in the drawing Friday...
‘What’s the rush?’ Fed’s Waller says interest-rate cuts can wait.
Federal Reserve governor Chris Waller said there’s “no rush” to reduce U.S. interest rates in light of stronger-than-expected readings on...
Bitcoin ETFs test investor commitment to gold-backed paper
By Ashitha Shivaprasad and Manya Saini (Reuters) -A surge of interest in bitcoin exchange-traded funds is prompting some investors to...
Inflation should slow enough to spur interest-rate cuts ‘later this year,’ Fed’s Williams says
Inflation is likely to slow toward 2% and pave the way for reductions in U.S. interest rates “later this year,”...
Analysis-Global trade rift widening as Ukraine war passes two-year mark
By Philip Blenkinsop BRUSSELS (Reuters) - Two years after Russia's invasion of Ukraine, there are clear signs that the global...
Disneyland character performers Mickey Mouse, Donald Duck looking to unionize
They may live in the Magic Kingdom, but they also want better working conditions. Workers at Disneyland, including performers who...
Fed plans to keep interest rates high through the spring — no doubt about it
The modern-day Federal Reserve is often a Tower of Babel of sorts: Different voices saying different things about how high...
Fed’s Jefferson sees progress on inflation, says rate cuts linked to broad set of data
By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Vice Chair Philip Jefferson said on Thursday he will be looking across a...
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