Business News

Investors temper US rate cut bets as Fed meeting looms

Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, Jan. 16, 2019. NEW YORK (Reuters) — A strong U.S. economy and pushback from central bank officials is leading some investors to rethink their bets on how quickly the Federal Reserve will cut rates this year, a …
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Riyadh’s multi-billion EV dream risks crashing into reality

Workers marry the body structure with the battery pack and the front and rear sub frames as they assemble electric vehicles at the Lucid Motors plant in Casa Grande, Arizona,  Sept. 28, 2021. RIYADH (Reuters) — Riyadh has spent billions to try to turn itself into a hub for electric vehicles and ove…
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Fed won’t start rate cuts until May, traders now bet

The Federal Reserve building in Washington, D.C., Jan. 26, 2022. (Reuters) — The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market co…
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Dollar jumps as consumer price inflation beats expectations

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul, Feb. 7, 2011. NEW YORK (Reuters) — The dollar jumped against the euro and yen on Thursday after data showed that consumer price inflation came in above economists’ expectations in December. The headline Consum…
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