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(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said he now sees just one interest-rate cut as likely this year, rather than two, with tariff hikes impeding progress on disinflation.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They C

Inflation was pretty tame in February—or was it? A report on inflation Friday could throw some cold water on the idea, bolstered by an earlier report, that consumer price increases are significantly decelerating.

Atlanta Federal Reserve President Raphael Bostic said he anticipates slower progress on inflation in coming months and as a result now sees the Fed cutting its benchmark interest rate only a quarter of a percentage point by the end of this year. With less progress on inflation and businesses expected to add the cost of coming tariffs to their prices, "the appropriate path for policy is also going to be pushed back," Bostic said in an interview on Bloomberg. Bostic had previously expected the Fed would cut rates twice this year, a view his colleagues largely maintained at their meeting last week when the median policymaker projection saw two quarter-point rate cuts in 2025.

The president said he will levy duties against countries that import oil or gas from the South American country starting April 2.

(Bloomberg) -- The Trump administration has asked the US Supreme Court to allow the firing of thousands of workers at six federal agencies after a judge ordered that they be reinstated.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?Chicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsLibraries Warn They Could Be ‘Cut off at t

(Reuters) -The Federal Reserve appears to be on the threshold of ending a historic streak of losses, which in turn could get it back on track to returning cash to the Treasury somewhere down the line, analysts at Morgan Stanley said in a note on Monday. At issue is the relationship between how the Fed makes money to fund its operations and the cash it pays as part of the system to maintain control over short-term interest rates. Aggressive rate rises starting three years ago tipped Fed books deeply into the red and now, with short-term rates down, the investment bank believes the Fed is hovering near the point where it can earn money again.

President Donald Trump urged the Federal Reserve on Monday to lower interest rates after the U.S. central bank last week kept them unchanged. "I'd like to see the Fed lower interest rates," Trump said during a meeting with his cabinet at the White House.