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Economic News
US Oil Output Expected to Flatline Until 2025, Easing Glut Concerns
(Bloomberg) -- The US expects domestic oil production to flatline for most of this year…
Mester Sees Fed Gaining Confidence to Cut Interest Rates Later This Year
(Bloomberg) -- Federal Reserve Bank of Cleveland President Loretta Mester suggested…
New York Fed sees signs of trouble in auto borrowing as overall debt level rises
By Michael S. Derby(Reuters) - Overall borrowing levels in the U.S. rose modestly…
New York Fed finds slightly higher supply chain pressure in January
By Michael S. Derby(Reuters) - Supply chain pressures rose but remained quite low at…
Venezuela Oil Industry Fears Losing Ground if US Revives Sanctions
(Bloomberg) -- Venezuelan President Nicolás Maduro is betting the US won’t revive all…
Big Oil Embraces Corn as Former Foes Unite Against EV Threat
(Bloomberg) -- After decades of battling against more ethanol going into US cars, Big…
Senegal Delays Election, Sparking Unrest and Fears Over Economy
(Bloomberg) -- Senegal lawmakers agreed to delay presidential elections in one of…
Australia central bank shakes off ‘Taylor Swift inflation’ fears
By Alasdair Pal and Stella QiuSYDNEY (Reuters) - Reserve Bank of Australia Governor…
Australia central bank trims inflation and growth outlook, warns demand still too high
Sydney (Reuters) - Australia's central bank on Tuesday trimmed its forecasts for…
Oil Steady as Middle East Risks Offset by Hawkish Fed Comments
(Bloomberg) -- Oil held a modest advance as the market weighed geopolitical risks in…