(Adds Logan comments in paragraphs 2, 4) By Ann Saphir NEW ORLEANS, Louisiana, May 10 (Reuters) – Dallas Federal Reserve President Lorie Logan on Friday said it’s not clear if monetary policy is tight enough to bring inflation down to the U.S. central bank’s 2% goal, and it is too soon to be cutting interest […]
By Ann Saphir NEW ORLEANS, Louisiana (Reuters) – Dallas Federal Reserve President Lorie Logan on Friday said it’s not clear if monetary policy is tight enough to bring inflation down to the U.S. central bank’s 2% goal, and it is too soon to be cutting interest rates. There are still good reasons that inflation will […]
Apr. 11—California Water Service (Cal Water) announced this week that thanks to $83 million in additional state funding, some customers with past-due balances incurred during the COVID-19 pandemic will receive credits to their account. With the money set to be spread out among the different districts that Cal Water serves, its Marysville district received an […]
By Ryan Woo BEIJING (Reuters) – A sentence from a months-old speech by Chinese President Xi Jinping has sparked speculation the central bank might start aggressively buying government bonds to support the economy, a stimulus measure China has long shunned. But most analysts say the People’s Bank of China (PBOC) will stick with traditional tools […]
STORY: Japan’s central bank raised interest rates this week for the first time in 17 years. The move is largely symbolic as rates remain near zero. But it’s a clear signal that something has arrived that Japan hasn’t seen in decades: a world where it will cost more to borrow money. Businesses and everyday people […]
Less than 24 hours after Donald Trump secured a win in the Iowa caucuses, solidifying his standing as the front-runner in the Republican presidential primary race, the former president turned his attention to his civil trial in New York Tuesday and spent all morning attacking the plaintiff, E. Jean Carroll. Trump shared 32 posts mentioning […]
SEOUL (Reuters) – Bank of Korea Governor Rhee Chang-yong said on Monday recent market concerns over a financially troubled builder are a “warning sign” over the financial risks of prolonged monetary tightening. While managing inflation remains the top priority, it is important to find the right policy mix as South Korea approaches the end of […]