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Fed minutes show growing openness to rate hikes at March meeting

Fed minutes show growing openness to rate hikes at March meeting

By Howard Schneider WASHINGTON, April 8 (Reuters) - A growing group of Federal Reserve policymakers felt last month that interest rate hikes might be needed to counter inflation that continued to exceed the central bank's 2% target, particularly given the inflationary impact of the U.S.-Israeli war

US PCE inflation picks up in February; consumer spending solid

US PCE inflation picks up in February; consumer spending solid

WASHINGTON, April 9 (Reuters) - U.S. inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.

Fed minutes of March meeting could flesh out how policymakers view war risks to economy

Fed minutes of March meeting could flesh out how policymakers view war risks to economy

By Howard Schneider WASHINGTON, April 8 (Reuters) - U.S.

US weekly jobless claims rise, but remain at low levels

US weekly jobless claims rise, but remain at low levels

WASHINGTON, April 9 (Reuters) - New applications for U.S. unemployment benefits increased moderately last week, showing no signs of labor market deterioration, potentially giving the Federal Reserve room to keep interest rates unchanged as it monitors the economic fallout from the war with Iran.

Trump announces 50% tariffs on nations supplying Iran with weapons

Trump announces 50% tariffs on nations supplying Iran with weapons

By David Lawder and Susan Heavey WASHINGTON, April 8 (Reuters) - U.S.

Indiana suspends gas tax for 30 days amid rising prices

Indiana suspends gas tax for 30 days amid rising prices

By Jasper Ward April 8 (Reuters) - Indiana on Wednesday became the second U.S. state to suspend its gas tax amid the ongoing U.S.-Israeli conflict with Iran.

Trump statements about Iran raise questions about international law

Trump statements about Iran raise questions about international law

President Donald Trump’s recent statements of intent about his administration’s plans for Iran have raised questions about international law

Trump warns a 'whole civilization will die' if a deal with Iran isn't reached

Trump warns a 'whole civilization will die' if a deal with Iran isn't reached

U.S. President Donald Trump is threatening that a “whole civilization will die tonight” if Iran fails to meet his latest deadline to strike a deal that includes reopening the Strait of Hormuz

American journalist Shelly Kittleson has been released week after kidnapping in Iraq, Rubio says

American journalist Shelly Kittleson has been released week after kidnapping in Iraq, Rubio says

U.S. Secretary of State Marco Rubio has confirmed that American journalist Shelley Kittleson, who was kidnapped last week in Iraq, has been released

US and Iran agree to 2-week ceasefire as Trump seizes diplomatic offramp

US and Iran agree to 2-week ceasefire as Trump seizes diplomatic offramp

U.S. President Donald Trump pulls back on his threats to launch devastating strikes on Iran, swerving to deescalate the war less than two hours before the deadline he set for Tehran to capitulate or face a major escalation

US core capital goods orders, shipments increase in February

US core capital goods orders, shipments increase in February

By Lucia Mutikani WASHINGTON, April 7(Reuters) - New orders for key U.S.-manufactured capital goods increased more than expected in February while shipments of those products rose solidly, suggesting business spending on equipment was on firmer footing before the war with Iran.

2 US lawmakers visiting Cuba denounce island's 'economic bombing' under energy blockade

2 US lawmakers visiting Cuba denounce island's 'economic bombing' under energy blockade