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NY Fed says April supply chain pressures highest since July 2022

NY Fed says April supply chain pressures highest since July 2022

By Michael S. Derby May 6 (Reuters) - Supply chain pressures in April hit their highest level since July 2022, as the Middle East war heavily impacted firms' ability to move goods around the world freely, data from the Federal Reserve Bank of New York released on Wednesday showed.
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NY Fed report finds gas price surge hitting lower incomes harder

NY Fed report finds gas price surge hitting lower incomes harder

By Michael S. Derby May 6 (Reuters) - Surging fuel costs tied to the Middle East war are putting mounting pressure on lower-income households while those better off financially have navigated the situation more easily, a report from the Federal Reserve Bank of New York said.
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Fed's Musalem: Risks have shifted towards higher inflation

Fed's Musalem: Risks have shifted towards higher inflation

By Howard Schneider WASHINGTON, May 6 (Reuters) - St. Louis Fed President Alberto Musalem said Wednesday the risks to monetary policy have shifted towards higher inflation, possibly requiring interest rates to stay on hold for some time amid a seemingly stable job market. 
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Investor Paul Tudor Jones Predicts No Rate Cuts Under Incoming Fed Chair Kevin Warsh

Investor Paul Tudor Jones Predicts No Rate Cuts Under Incoming Fed Chair Kevin Warsh

Investor Paul Tudor Jones Predicts No Rate Cuts Under Incoming Fed Chair Kevin Warsh
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All eyes on job market as Fed's rate-cut window narrows

All eyes on job market as Fed's rate-cut window narrows

By Karen Brettell May 5 (Reuters) - The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's monetary policy on hold, or whether a softening labor market could revive the case for interest rate cuts
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Euro zone services activity slumps in April on weak demand, PMI shows

Euro zone services activity slumps in April on weak demand, PMI shows

LONDON, May 6 (Reuters) - Euro zone services activity contracted in April for the first time in almost a year, hit by weakening demand and deteriorating export business as the Middle East war weighed on consumer-facing sectors, a survey showed on Wednesday.
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Chance of ECB rate hike has risen, board member Cipollone says

Chance of ECB rate hike has risen, board member Cipollone says

FRANKFURT, May 6 (Reuters) - The chance of a European Central Bank rate hike has risen as inflation pressures are high, board member Piero Cipollone said on Wednesday, even as negotiated wage data showed pay demands had yet to increase.
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President Trump's Rate Cut Ambitions Complicated by Economic Conditions

President Trump's Rate Cut Ambitions Complicated by Economic Conditions

President Trump has urged the Federal Reserve to cut interest rates to boost the U.S. economy, but the ongoing war in Iran and its economic repercussions complicate this goal. Kevin Warsh's nomination to lead the Fed, following Jerome Powell's term ending on May 15, has raised concerns about potential rate cuts. Experts warn that inflation concerns, exacerbated by the war and energy supply disruptions, may limit Warsh's ability to lower rates. The Senate Banking Committee has advanced Warsh's nomination, with a full Senate vote expected soon.
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Williams says Fed policy well positioned for economic risks, uncertainty

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S. Derby NEW YORK, May 4 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's monetary policy is "well positioned" to deal with the high level of economic uncertainty facing the economy as a result of the war in the Middle East.
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Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict
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Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict Impact

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict Impact

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict Impact
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Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict's Economic Uncertainty

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict's Economic Uncertainty

Federal Reserve's John Williams Asserts Monetary Policy Prepared for Middle East Conflict's Economic Uncertainty