The recent run-up in Treasury yields is doing some of the Federal Reserve’s job of slowing the economy down, said Fed Governor Christopher Waller on Wednesday. “Financial markets are tightening up and they’re going to some of the work for us,” Waller said in a conversation with former House Speaker…

By Johan Ahlander, Simon Johnson STOCKHOLM (Reuters) -Harvard economic historian Claudia Goldin won the 2023 Nobel economics prize for her work exposing the causes of deeply rooted wage and labour market inequality between men and women, the Royal Swedish Academy of Sciences said on Monday. The prestigious award, formally known…

Investors are turning their attention to September’s consumer price index report on Thursday for more clues about whether inflation is still too hot to put a decisive end to another Federal Reserve rate hike. Wednesday’s producer price inflation report for last month came in above expectations, pushing up the policy-sensitive…

By Andrea Shalal MARRAKECH, Morocco (Reuters) -A new tool launched on Monday to track reforms by the World Bank and the five biggest multilateral development banks (MDBs) shows that broad changes are “firmly in play” but progress in implementing them has been limited thus far. Senior officials at the nonpartisan…

Minutes of the Federal Reserve’s September policy meeting show that officials were “highly uncertain” about the future path of the economy and decided to proceed in a careful meeting-by-meeting approach to interest-rate policy. “A vast majority of participants continued to judge the future path of the economy as highly uncertain,”…

By Ann Saphir DALLAS (Reuters) -The recent rise in long-term U.S. Treasury yields, and tighter financial conditions more generally, could mean less need for the Federal Reserve to raise interest rates further, Dallas Fed President Lorie Logan said on Monday. “I expect that continued restrictive financial conditions will be necessary…

That’s U.S. Foreign Affairs Committee Chairman Michael McCaul addressing the weekend Hamas attack on Israel and the failure of U.S. and Israeli intelligence to anticipate the attack. “We know that Egypt had warned the Israelis three days prior that an event like this could happen,” McCaul, a Republican from Texas,…

Economists from Deutsche Bank, Henry Allen, and Cassidy Ainsworth-Grace, have expressed apprehensions this Monday about the potential for unanchored long-term inflation expectations reminiscent of the 1970s stagflation era. Their concerns stem from a variety of factors including geopolitical events and weather patterns that could potentially drive up commodity prices. The…

House Republicans on Wednesday nominated Majority Leader Steve Scalise as their candidate for speaker, tapping a potent fundraiser and ally of the fossil-fuel industry to replace the ousted Kevin McCarthy. Scalise beat Judiciary Chairman Jim Jordan for the nomination, which comes as the House looks next toward a floor vote…

By Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) -Ukraine has been sounding out major investors over plans to restructure the country’s $20 billion in international debt and the possibility of raising fresh financing, three people with knowledge of the discussions told Reuters. Interactions have intensified in recent weeks led…