By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams on Thursday kept his options open over future U.S. interest rate policy, acknowledging falling inflation and a better balanced economy, which suggests there is no urgency for a rate rise later this month. When it comes to the current…
(Reuters) -Electric-vehicle maker Rivian Automotive will benefit late this year and in 2024 from a significant deflation for battery material prices, finance chief Claire McDonough said at a technology conference on Thursday. Prices for raw materials used in batteries surged to record highs in recent years on burgeoning demand for EVs, coupled with tight supplies…
By Amina Niasse NEW YORK (Reuters) – Key U.S. mortgage interest rates fell for a second week but held above 7% and remained near the highest in decades, according to a survey released Thursday by housing finance giant Freddie Mac. The average contract rate on 30-year-fixed-rate mortgages declined to 7.12% as of Thursday from 7.18%…
By Deena Beasley and Julie Steenhuysen (Reuters) – New data from scientists and vaccine makers Moderna and Pfizer/BioNTech suggests that a newer, highly mutated variant of the virus that causes COVID-19 is not as alarming as some experts had feared when it was first detected several weeks ago. Nicknamed “Pirola” on social media, the BA.2.86…
