• Oil stable as a surprise US crude oil draw counteracts the jitters of rate hikes

    API Shows U.S. Crude Oil Stocks Falling – Market Sources The US Fed’s Powell is setting the tone for higher and faster rate hikes The rise in the dollar keeps oil under control SINGAPORE, March 8 (Reuters) – Oil prices stabilized on Wednesday as industry data showed an unexpected fall in US crude inventories after […]

  • Fed’s Powell sets the tone for higher and possibly faster rate hikes

    WASHINGTON, March 7 (Reuters) – The Federal Reserve is likely to have to raise interest rates more than expected in response to recent strong data and is ready to take bigger steps if the “total” of incoming information suggests tougher action is needed to address the inflation, Fed Chairman Jerome Powell told U.S. lawmakers on […]

  • Oil dips on China’s outlook as investors await Fed guidance

    China’s growth prospects are lower than last year’s target Fed chair speaks to Congress this week The US jobs report in February is also in the picture LONDON, March 6 (Reuters) – Oil prices fell on Monday after China set a lower-than-expected target for economic growth of around 5% this year and investors awaited testimony […]

  • Fed minutes for detailed debate on rate hike endgame

    WASHINGTON, Feb. 22 (Reuters) – The minutes of the Federal Reserve’s latest policy meeting are expected to detail on Wednesday the extent of the debate at the US central bank over how much further interest rates may be needed to curb inflation and cooling an economy that has remained stronger than expected despite monetary tightening. […]

  • The US will not contest Amazon.com’s plan to buy One Medical, says FTC official

    WASHINGTON, Feb. 21 (Reuters) – The US Federal Trade Commission will not file a complaint to stop Amazon.com’s (AMZN.O) plan to buy primary care provider One Medical, an FTC official said on Tuesday. Amazon.com Inc said in July it would buy One Medical for $3.49 billion, expanding the e-commerce giant’s virtual healthcare business and adding […]

  • Goldman Sachs, BofA expect three more rate hikes in the US this year

    Goldman, BofA sees three rate hikes by the Fed this year Both Banks Forecast Fed Fund Rates at 5.25%-5.5% European bank UBS sees rate hikes in March and May meetings Feb. 17 (Reuters) – Goldman Sachs and Bank of America said they expect the US Federal Reserve to raise rates three more times this year, […]