By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Monday that the U.S. central bank most likely isn’t done raising interest rates amid ongoing inflation pressures. “I suspect we may well need to raise the fed funds rate once more this year…

One of Patrick McHenry’s first acts in the temporary position of speaker pro tempore — after his theatrical gavel slam — was to remove the belongings of Nancy Pelosi, the Democratic speaker emerita, from her honorary “hideaway” office at the U.S. Capitol. Pelosi, House speaker from 2007 to 2011 and…

Federal Reserve officials Jerome Powell and Patrick Harker visited York, Pennsylvania on Monday to interact with local small-business owners and gain first-hand insights into the challenges they are facing in the current economic climate. The officials met with entrepreneurs such as Julie Flinchbaugh Keene of Flinchbaugh’s Orchard & Farm and…

Developing story. Check back for updates. The numbers: U.S. private-sector employment rose by a tepid 89,000 in September, payroll processor ADP said, perhaps a sign the labor market is catching a chill in the early fall. That’s the smallest increase in two and a half years. Economists polled by the…

By Olena Harmash KYIV (Reuters) -EU foreign ministers expressed support for Ukraine during a meeting in Kyiv on Monday, their first in a non-member country, after a pro-Russian candidate won an election in Slovakia and the U.S. Congress left Ukraine war aid out of its spending bill. Kyiv brushed off…

By Ann Saphir (Reuters) -U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2% target, but their unity around that phrase masks an ongoing debate over another possible rate hike this year. “I remain willing…

By David Winning SYDNEY–New Zealand’s central bank kept interest rates unchanged ahead of a national election later this month where cost-of-living pressures and economic management are top concerns of voters. The Reserve Bank of New Zealand left the official cash rate at 5.50% on Wednesday as expected by economists, but…

Top Federal Reserve officials, including Fed Governor Michelle Bowman, Vice Chair Michael Barr, Fed Chair Jerome Powell, and New York Fed Chief John Williams, have indicated their willingness to support an increase in the federal funds rate if economic data suggests a sluggish approach towards the central bank’s 2% inflation…

The U.S. House of Representatives removed Rep. Kevin McCarthy from his post on Tuesday, as 216 members of his chamber voted in favor of ousting him while 210 supported him. Rep. Matt Gaetz of Florida led the challenge against his fellow Republican, filing what’s known as a “motion to vacate”…

By Herbert Lash and Amanda Cooper NEW YORK/LONDON (Reuters) -Global shares fell on Tuesday, crushed by a fresh surge in Treasury yields after U.S. job openings rose more than expected in August, in another sign of a resilient economy that points to the Federal Reserve keeping interest rates higher for…