Economy

(Reuters) – Kansas City Federal Reserve Bank President Jeffrey Schmid on Wednesday said the U.S. central bank’s interest-rate cuts to date acknowledge its growing confidence that inflation is headed down,…

WASHINGTON (Reuters) – The U.S. budget deficit jumped nearly four-fold to $257 billion in October, a figure inflated by several one-off factors, the Treasury Department said on Wednesday but starting…

By Richard Cowan WASHINGTON (Reuters) – President-elect Donald Trump’s Republican Party will control both houses of Congress when he takes office in January, Edison Research projected on Wednesday, enabling him…

By Lisa Pauline Mattackal (Reuters) – U.S. small-cap stocks have surged to near record highs following Donald Trump’s presidential election win, but some investors are wary of chasing the rally…

By Nell Mackenzie and Ludwig Burger LONDON/FRANKFURT (Reuters) -Hedge fund D.E. Shaw took a 1.02 billion euro ($1.08 billion) short bet against Bayer (OTC:BAYRY) on Tuesday, a regulatory filing in…

MOSCOW (Reuters) – Russian consumer prices jumped by 0.3% in the latest week, bringing the headline number to 7% since January, close to the official government forecast of 7.3% for…

By Michael S. Derby NEW YORK (Reuters) – Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the…

(Reuters) – The U.S. central bank should proceed cautiously on further interest rate cuts to keep from inadvertently reigniting inflation, Dallas Federal Reserve President Lorie Logan said on Wednesday. After…

(Reuters) – Canada’s main stock index opened higher on Wednesday, helped by energy shares, after the U.S. inflation data reinforced expectations for a Federal Reserve interest-rate cut next month. At…

LONDON (Reuters) – The euro has fallen to one-year lows, reviving talk the currency could hit the $1 mark. Donald Trump’s U.S. election win raises the prospect of a hike…