WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s report from the government showed that prices rose 0.3% from February to March, the same […]

WASHINGTON (AP) — House Republicans’ majority could tighten by another vote after Tuesday’s special congressional election in Buffalo — at least, temporarily. Voters are choosing a replacement for Democrat Brian Higgins, a longtime House member who cited the “slow and frustrating” pace of Congress before resigning in February. Democrats have a long record of success […]

(Reuters) – Traders added to bets that the U.S. Federal Reserve will deliver its first interest rate cut this year in September, after a government report on Friday showed U.S. inflation rose last month in line with expectations. Interest-rate futures prices pointed to about a 65% chance of a rate cut at the U.S. central […]

(Reuters) – About one in five samples of commercial milk in the U.S. tested positive for traces of bird flu in a national survey, with a greater proportion coming from areas with infected herds, the U.S. Food and Drug Administration said. There is no evidence that the milk poses a danger or that a live […]

WASHINGTON (Reuters) – U.S. inflation rose moderately in March, but that is unlikely to change financial markets’ expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday. Data for February was […]