WASHINGTON (Reuters) - Inflation showing no recent sign of slowing or narrowing in scope leaves U.S. Federal Reserve policymakers challenged this week over how to characterize their next steps even as the countdown to a contentious U.S. presidential election continues. The Fed is seen holding its benchmark interest rate steady at 5.25%-to-5.5% at its April 30-May 1 meeting, and a...

07:26 AM EDT, 04/29/2024 (MT Newswires) -- The US dollar fell against most major currencies during early European trade on Monday following a suspected Japanese intervention to support the yen at the opening of an action-packed week for economic data and fundamental risks. The yen rose sharply against the US dollar from midnight Eastern time after USD/JPY rallied from 158...

(Reuters) - A bond market anomaly that has reliably predicted a U.S. recession in the past may normalize this year in a highly unusual manner. It's a worry for markets. The market signal, called a yield curve, has been upside down since early July 2022, with investors getting less to lock up their money for longer periods than they are...

07:41 AM EDT, 04/29/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Monday as markets turn their attention to the conclusion of a two-day Federal Open Market Committee meeting Wednesday and Friday's employment report for April. The week starts off slowly Monday with the Dallas Federal Reserve's manufacturing reading for April at 10:30 am ET...