News

Fed’s Waller Sees No Evidence Reserves Are Nearing ‘Ample Level’

(Bloomberg) -- Federal Reserve Governor Christopher Waller said the banking system still has enough reserves for the central bank to keep its monthly runoff of Treasury securities unchanged.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats o

Fed’s Goolsbee Sees Transitory Inflation From One-Time Tariffs

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysAmtrak CEO Departs Amid Threats of a Transit Funding PullbackFederal Reserve Bank of Chicago President Austan Goolsbee said the inflat

Fed officials back cautious policy approach in light of economic uncertainty

(Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. central bank's monetary policy is in the right place given the myriad uncertainties facing the economy, noting that there's no urgency to make any changes to interest rates. "Modestly restrictive" monetary policy "is entirely appropriate given the solid labor market and inflation still running somewhat above our 2% goal," Williams said in a speech in the Bahamas. In comments to reporters after his formal remarks, Williams said the Fed eventually will need to cut rates back to a level deemed neutral in regard to its impact on the economy.

Green Investors Are Finding Bargains in Trump’s Big Oil Era

(Bloomberg) -- Private infrastructure investors are snatching up green bargains in what’s emerged as a buyer’s market for wind, solar and battery projects.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe moves follow a

FedEx shares slide as annual forecast cuts stoke worries on economy

(Reuters) -FedEx's shares fell 11% on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration's sweeping tariffs on trading partners. CEO Raj Subramaniam warned a day earlier that the company was navigating a very "challenging operating environment" and "weakness in the industrial economy" was weighing on its higher-margin business-to-business volumes. The company's shares hit their lowest in nearly two years on Friday.