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(Reuters) -The U.S. central bank should not take tariffs’ muted effect on inflation so far as an opportunity to cut interest rates, but rather as a sign that monetary policy is “appropriately calibrated,” Kansas City Federal Reserve President Jeffrey Schmid said on Tuesday, in remarks that contrast with the increasingly dovish tone of some of …

Fed’s policy rate should stay on hold for now, Schmid says Read More »

(Reuters) -The United States exported about 30% of its domestic primary energy production last year, a significant increase over recent decades, the Energy Information Administration (EIA) said on Tuesday.  Of the record 103 quadrillion British thermal units (quads) of total primary energy produced in the U.S., a record 31 quads were exported, the EIA added.  …

US exported 30% of its primary energy output in 2024, says EIA Read More »

By Howard Schneider WASHINGTON (Reuters) -Aggressive shopping  by consumers may mute the impact of tariffs on inflation but could also lead to a cycle of falling demand and rising unemployment, Richmond Fed president Tom Barkin said on Tuesday, while adding he is hopeful a sharp rise in the jobless rate will be avoided because household …

Richmond Fed’s Barkin: Consumers will be key to coming inflation, jobs results Read More »

By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World markets got a minor fillip from the expected 90-day rollover of the U.S.-China trade tariff truce, clearing one of Tuesday’s two big hurdles. Now for the July inflation report. Much rides on the …

Morning Bid: CPI on radar after US-China rollover Read More »

WASHINGTON (Reuters) -U.S. small-business sentiment rose in July, though owners were becoming increasingly uncertain about the economic outlook and many worried about the quality of labor available. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index rebounded 1.7 points to 100.3 last month, with some viewing business conditions as better …

US small business optimism up but uncertainty clouds outlook Read More »