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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

Curbing release of Fed meeting transcripts may improve debate, Warsh says in book

Curbing release of Fed meeting transcripts may improve debate, Warsh says in book

By Howard Schneider WASHINGTON, May 6 (Reuters) - The release of transcripts of Federal Reserve rate-setting meetings, a cornerstone of its transparency for more than 30 years, undermines the debate needed to set good monetary policy, incoming U.S. central bank chief Kevin Warsh says in an upcoming

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait

China's top envoy meets with Iran's in Beijing as Trump pauses US effort in the Strait

President Donald Trump says he is pausing the U.S. effort to guide stranded vessels out of the Strait of Hormuz to allow time for a deal to end the Iran war, but that the American forces’ blockade of Iranian ports would remain in place

Trump's drugmaker deals may save economy $529B over 10 years, White House says

Trump's drugmaker deals may save economy $529B over 10 years, White House says

President Donald Trump’s deals with drugmakers requiring many of their U.S. prescription prices to drop could save the economy $529 billion over the next decade

U.S. job openings were unchanged at 6.9 million in March but hiring improved

U.S. job openings were unchanged at 6.9 million in March but hiring improved

U.S. job openings were essentially unchanged at 6.9 million, another sign the American labor remained sluggish even before the full impact of the Iran war hit the economy

Federal Reserve Considers Rate Hike Amid Inflation Concerns

Federal Reserve Considers Rate Hike Amid Inflation Concerns

Federal Reserve Considers Rate Hike Amid Inflation Concerns

US says ceasefire with Iran is holding despite attacks in the Strait of Hormuz and against the UAE

US says ceasefire with Iran is holding despite attacks in the Strait of Hormuz and against the UAE

U.S. military leaders say a ceasefire with Iran remains in effect a day after Tehran was blamed for new attacks in the Strait of Hormuz and against the United Arab Emirates

Sherrod Brown's Ohio run anchors Democrats' bid to reclaim US Senate

Sherrod Brown's Ohio run anchors Democrats' bid to reclaim US Senate

By Richard Cowan WASHINGTON, May 5 (Reuters) - Former Senator Sherrod Brown is favored to win the Ohio Democratic primary on Tuesday, as his party turns to a seasoned populist in its quest to topple Republicans' U.S. Senate majority in November's midterm elections.

Kashkari says Iran war limits Fed's ability to provide rate guidance

Kashkari says Iran war limits Fed's ability to provide rate guidance

US Attorney Pirro says Fed IG's findings will dictate future of her Powell probe

US Attorney Pirro says Fed IG's findings will dictate future of her Powell probe

Yen steady as intervention fears linger with Japan shut for holidays

Yen steady as intervention fears linger with Japan shut for holidays

By Gregor Stuart Hunter SINGAPORE, May 4 (Reuters) - The yen stabilised at the start of trading in Asia, strengthening slightly after a few choppy sessions following suspected intervention by authorities to strengthen the currency last week.

Bessent urges China to step up diplomacy on Iran ahead of Trump-Xi summit

Bessent urges China to step up diplomacy on Iran ahead of Trump-Xi summit

WASHINGTON, May 4 (Reuters) - U.S.