Month February 2025

(Bloomberg) — Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and manufacturing initiatives at a key second within the nation’s effort to spice up crude output. The drilling delays…

Richmond Fed president Tom Barkin stated Tuesday that he desires to maintain rates of interest “modestly restrictive” till he beneficial properties extra confidence inflation is returning to the central financial institution’s 2% aim, warning about classes realized from the Seventies.…

(Bloomberg) — Federal Reserve Vice Chair for Supervision Michael Barr says financial coverage and monetary stability are “inextricably linked.” Barr’s speech Tuesday adopted President Donald Trump’s current govt order in search of to tighten the reins on unbiased businesses, together…

By Howard Schneider RICHMOND, Virginia (Reuters) – Richmond Federal Reserve President Tom Barkin mentioned on Tuesday he’ll comply with a wait-and-see method concerning central financial institution rate of interest coverage till it’s clear inflation is returning to the Fed’s 2%…

(Reuters) – The Federal Reserve is prone to resume slicing rates of interest in June and will cut back short-term borrowing prices once more in September, merchants wager on Tuesday as they took on board the implications of a extensively…

(Bloomberg) — Gold retreated as buyers took income after one other record-breaking session, with costs nonetheless supported by rising optimism over the timing of the following Federal Reserve charge minimize and growing haven demand. Bullion slipped by as a lot…

By Howard Schneider WASHINGTON (Reuters) – The top of a brand new congressional panel gearing as much as strengthen Capitol Hill’s oversight of the Federal Reserve plans a broad evaluation of how the U.S. central financial institution makes its rate…

Shopper confidence declined sharply in February, notching its greatest month-to-month decline in almost 4 years as as uncertainty associated to Trump’s commerce coverage additionally lifted inflation expectations, in keeping with new information launched Tuesday morning. The Convention Board’s Shopper Confidence…

WASHINGTON (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday argued that the U.S. financial system is extra fragile beneath the floor than financial metrics recommend, citing rate of interest volatility, sticky inflation and job progress targeted on the federal…