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(Bloomberg) — US oil refiners alongside the Gulf Coast are snubbing shipments from Mexico and as an alternative turning to Colombia and Canada amid complaints that Petroleos Mexicanos is more and more delivering crude that’s unfit to make gasoline and…
Bonnie Money / Getty Pictures Federal Reserve Chair Jerome Powell will testify to Congress Tuesday and Wednesday, the place he’ll focus on the state of the Federal Reserve’s battle in opposition to inflation. Powell might additionally face scrutiny from Republican…
By Michael S. Derby NEW YORK (Reuters) – The U.S. public’s near-term inflation expectations had been largely secure in January, a Federal Reserve Financial institution of New York report discovered, as respondents to the survey additionally predicted a notable softening…
(Bloomberg) — Bond traders are betting that the Federal Reserve should cope with rising costs as soon as once more, and shortly, within the wake of President Donald Trump’s plan to slap tariffs on buying and selling companions and a…
WASHINGTON (AP) — The percentages of additional rate of interest cuts this 12 months by the Federal Reserve dwindled final week as unemployment fell and extra officers say they need to see how new insurance policies from the White Home…
By Seher Dareen (Reuters) – Increased labor prices and sticky inflation may proceed to weigh on gold miners’ income going into 2025, analysts mentioned, however hovering costs of the yellow metallic ought to nonetheless increase free money movement. Gold costs…
Billionaire Elon Musk urged in a collection of social media posts this previous weekend that the Federal Reserve ought to bear nearer scrutiny, making the feedback simply days earlier than Fed Chair Jerome Powell was scheduled to testify on Capitol…
(Bloomberg) — No different oil inventory in Europe’s benchmark fairness index has attracted as a lot consideration from brief sellers as Neste Oyj. It’s an indication of how excessive the stakes are when the corporate faces buyers this week. The…
(Bloomberg) — Brazil analysts revised up 12-month inflation expectations to additional above the central financial institution’s objective, even after policymakers elevated the benchmark rate of interest by a full proportion level final month and pledged one other hike of the…
BERLIN (Reuters) – Europe is ready to behave in response to doable restrictions to commerce, German Financial system Minister Robert Habeck mentioned on Monday, after holding discussions with trade lobbies and the EU’s high commerce consultant about the specter of…
