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Powell’s legacy at the Fed to be shaped by his misjudging inflation and standing up to Trump

WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps ...
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Takeaways from Fed chair Jerome Powell’s legacy

WASHINGTON (AP) - When Jerome Powell was sworn in as chair of the Federal Reserve eight years ago, economists worried that inflation and interest rates were too low and that too few Americans had jobs. Now, as Powell steps ...
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Strike deadline nears for New York-area train system with 250,000 daily commuters

NEW YORK (AP) - North America's largest commuter rail system is facing a potential shutdown as a deadline nears to reach a deal with unionized workers to avert a strike. The Long Island Railroad that serves New York City's ...
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BOJ expected to raise rates to 1.0% in June, hike again in October-December

By Satoshi Sugiyama TOKYO, May 15 (Reuters) - The Bank of Japan will raise its key interest rate to 1.0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with efforts to normalise monetary ...
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Oil rises after Trump says he is losing patience with Iran

By Mohi Narayan NEW DELHI, May 15 (Reuters) - Oil prices gained more than 1% after President Donald Trump said he would not be much more patient with Iran and as concerns persisted over ship attacks and seizures despite Tehran ...
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Morning Bid: Yield surge spoils the equity party

A look at the day ahead in European and global markets from Stella Qiu Is the penny finally dropping for investors in stocks? The bond market has been sounding the alarm for weeks - runaway inflation means rate hikes are ...
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African public health agency says there is a confirmed Ebola outbreak in Congo

May 15 (Reuters) - Africa's top public health agency said on Friday that there was a confirmed Ebola outbreak in Democratic Republic of Congo's Ituri province. The Africa Centres for Disease Control and Prevention said in a statement that it ...
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Analysis-Hantavirus outbreak tests post-COVID health communications playbook

By Jennifer Rigby LONDON, May 15 (Reuters) - A rodent-borne virus with a scary name. A mid-ocean cruise ship in quarantine. Several people dead and more falling sick. It is no wonder that an outbreak of the Andes strain of hantavirus ...
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Global bonds tumble as flaring inflation spooks investors

By Amanda Cooper LONDON, May 15 (Reuters) - The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompts investors to assume interest rates will rise ...
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Analysis-Carry on trading: rate-based G10 currency bets make a comeback

By Alun John and Dhara Ranasinghe LONDON, May 15 (Reuters) - The carry trade, where investors buy high-yielding major currencies and sell low-yielding ones, is having its best run in years, even with major risk-driven moves in global markets. This reflects ...
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6 passengers from hantavirus-hit ship arrive in Australia for 3-week quarantine

MELBOURNE, Australia (AP) - Six passengers from a cruise ship hit by a hantavirus outbreak arrived Friday in Australia for a quarantine expected to last at least three weeks. The Gulfstream long-range business jet carrying them from the Netherlands ...
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IHH, DBS sign $194 million loan for safer antibiotic use

SINGAPORE, May 15 (Reuters) - IHH Healthcare has signed a S$250 million ($196 million) sustainability-linked loan with Singapore's biggest bank DBS that ties part of the deal to better use of antibiotics at its four Singapore hospitals, the companies ...
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