By Leah Douglas WASHINGTON (Reuters) – Expanding work requirements for the largest U.S. food assistance program is still a “red line” in negotiations over raising the country’s[...]
Read more
May 15, 2023
New York Fed finds big slowdown in new mortgage creation in first quarter
By Michael S. Derby NEW YORK (Reuters) -Americans’ appetite for taking on new mortgages slowed substantially during the first quarter, data released by the New York Fed on Monday showed, amid a[...]
Read more
Oil gains over 1%, ends losing streak on tightening supplies
By Shariq Khan BENGALURU (Reuters) -Oil prices rose a dollar a barrel on Monday after three straight sessions of declines, boosted by the prospect of tightening supplies in Canada and elsewhere, altho[...]
Read more
Explainer-Biden’s budget vs. Republican debt ceiling bill on spending, deficits, taxes
By David Lawder WASHINGTON (Reuters) -President Joe Biden’s administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the $31.4 trillion debt ceiling, h[...]
Read more
US dollar retreats from five-week high as debt ceiling stalemate weighs
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar fell from a five-week high on Monday, as investors consolidated gains made last week on the greenback and awaited news from Washington[...]
Read more
Republicans reject White House tax loophole proposal in debt talks -WaPo
WASHINGTON (Reuters) – The White House last week gave Republican lawmakers a list of proposals to reduce the deficit by closing tax loopholes as part of debt ceiling talks, and each item was rej[...]
Read more
Bank of Mexico seen holding interest rate after nearly two years of hikes – Reuters poll
MEXICO CITY (Reuters) – The Bank of Mexico is expected to hold the country’s benchmark interest rate on Thursday, halting a cycle of rate hikes that began in June 2021, a Reuters poll of a[...]
Read more
Fed monetary policy mechanics would be tested by US debt default
By Michael S. Derby NEW YORK (Reuters) – A default on U.S. Treasury debt would be a leap into the unknown for the Federal Reserve’s ability to conduct monetary policy to achieve its job an[...]
Read more
Fed’s Bostic: if vote on policy were today, would vote to hold steady
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Monday said if he were voting on monetary policy today he would vote to hold interest rates steady, but added there is still[...]
Read more