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Fed policy on right track, but inflation still too high, officials say

The Cheap InvestorMay 12, 2023May 13, 20230

By Ann Saphir PALO ALTO, Calif. (Reuters) -The Federal Reserve is getting interest rates closer to where they need to…

  • Central America
  • Latin America

Uncertainty clouds US transition at Mexico border as new rules take effect

The Cheap InvestorMay 12, 2023May 13, 20230

By Daina Beth Solomon and Julio-Cesar Chavez CIUDAD JUAREZ, Mexico/EL PASO, Texas (Reuters) -The Biden administration began implementing a sweeping…

  • Business
  • Economy

Fed’s Jefferson: inflation ‘insidious,’ need to bring it down

The Cheap InvestorMay 12, 2023May 12, 20230

PALO ALTO, Calif. – Federal Reserve Governor Philip Jefferson said on Friday he is just as serious about the central…

  • Asia
  • Business

Exclusive-G7 to vow diversifying of supply chains, filling bank regulatory gaps -draft

The Cheap InvestorMay 12, 2023May 12, 20230

(Reuters) -Finance leaders of the Group of Seven (G7) advanced economies set a year-end deadline for launching a new scheme…

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  • Economy

Indexes slip with tech-related shares; consumer sentiment drops

The Cheap InvestorMay 12, 2023May 12, 20230

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday, led by weaker megacap shares following…

  • Business
  • Economy

Fed’s Bullard: disinflation prospects ‘good’ but not guaranteed

The Cheap InvestorMay 12, 2023May 12, 20230

PALO ALTO, Calif. (Reuters) – St. Louis Federal Reserve Bank President James Bullard, an early and vocal supporter within the…

  • Business
  • Economy

U.S. regulators grant approvals for TIAA’s bank deal with buyout firms

The Cheap InvestorMay 12, 2023May 12, 20230

By Pete Schroeder and David French (Reuters) -Two U.S. regulators have approved the sale of a majority stake in TIAA’s…

  • Business
  • Economy

Biden nominates Jefferson as Fed vice chair, Kugler to Fed board

The Cheap InvestorMay 12, 2023May 12, 20230

By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor…

  • Asia
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U.S. demands recall of 67 million air bag inflators

The Cheap InvestorMay 12, 2023May 12, 20230

By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) demanded the recall of 67 million air bag…

  • Central America
  • Latin America

Faced with tougher U.S. policy, migrants in Mexico pin hopes on asylum app

The Cheap InvestorMay 12, 2023May 12, 20230

By Daina Beth Solomon CIUDAD JUAREZ, Mexico (Reuters) – Oriana Silva, a 30-year-old Venezuelan mother of two, was so determined…

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