OAKLAND, California (Reuters) -U.S. Federal Reserve policymakers could still cut interest rates twice this year as they projected in March, San Francisco Fed President Mary Daly said on Thursday, but for now rates should remain steady to make sure inflation is on track to reach the central bank's 2% goal.   As long as inflation is printing above target and there's...

BEIJING (Reuters) - China's factory activity likely contracted for a second month in May, a Reuters poll showed on Friday, suggesting trade tensions with major export markets are weighing on manufacturers' minds as the world's top two economies seek a way out of a tariff war. A poll of 21 economists forecast the official purchasing managers' index (PMI) will come...

WASHINGTON (Reuters) -Elon Musk once famously wielded a chainsaw on stage in a theatrical demonstration of his effort to drastically cut U.S. federal spending under President Donald Trump. As he leaves government, official data shows he achieved something closer to a trim with scissors.  In the four months since Musk's Department of Government Efficiency began slashing federal spending and staffing,...

(Reuters) -Federal Reserve Bank of Dallas President Lorie Logan on Thursday signaled that the central bank may need to keep short-term interest rates where they are for quite some time as it waits for the data to show if President Donald Trump's mix of trade, tax and regulatory policies pushes up inflation or down on employment For now, with the labor...