By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Atlanta President Raphael Bostic said on Friday that while he needs more data to convince him inflation pressures are truly falling, he’s open to lowering rates at some point in the next few months. “My outlook is to…

By Lananh Nguyen (Reuters) -Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday. Solomon’s pay comprises a $2 million base salary, unchanged from the previous year, and a bonus of $8.7…

By Siddharth Cavale NEW YORK (Reuters) – U.S. retailer Walmart (NYSE:) Inc is expected to strike a cautious tone for 2024 when it reports results on Tuesday. Despite what was likely a bumper holiday season for Walmart, inflation continues to burden many Americans facing a high cost of living. Higher…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased more than expected in January amid strong gains in the costs of services such as hospital outpatient care and portfolio management, stoking financial market fears inflation was picking up after months of cooling. The increase reported by the Labor Department…

WASHINGTON (Reuters) -Boeing and its Seattle-area machinists union will open negotiations on a new contract on March 8, a union spokesperson said on Friday. Formal negotiations between the U.S. planemaker and its largest union — District 751 of the International Association of Machinists and Aerospace Workers — were set to…

(Reuters) – Bond manager PIMCO said on Friday it has withdrawn from the Climate Action 100+ investor coalition, following the withdrawal of other fund firms. In a statement sent by a representative, PIMCO said “we have concluded that our Climate Action 100+ participation is no longer aligned with PIMCO’s approach…

By Howard Schneider and Michael S. Derby WASHINGTON/NEW YORK (Reuters) -A week of disappointing U.S. economic data, including stronger-than-expected inflation and weakening spending, has Federal Reserve policymakers doubling down on their wait-and-see approach to interest rate cuts this year, but not discouraged. The latest bit of bad news came early…

Atlanta Fed President Raphael Bostic on Thursday laid out the case for the central bank holding off from any interest-rate cut until the July-September quarter. Bostic said he has recently moved up his projected time to begin reducing the Fed’s benchmark rate to the third quarter from the fourth quarter…

By Gertrude Chavez-Dreyfuss and Herbert Lash NEW YORK (Reuters) -The dollar retreated on Friday amid concerns about the strength of the U.S. economy after higher-than-expected producer prices raised expectations that the Federal Reserve will desist from cutting interest rates until at least the middle of the year. The rise in…

Chicago Federal Reserve President Austan Goolsbee on Friday declined to say when he thinks the central bank will cut interest rates, but he said reductions could be expected this year “if we continue to make surprising progress on inflation.” “We don’t want to commit ourselves before the job is done,”…