WASHINGTON (Reuters) - The U.S. Congress early on Saturday overwhelmingly passed a $1.2 trillion budget bill, keeping the government funded through a fiscal year that began six months ago and sending it to President Joe Biden to sign into law and avert a partial shutdown. The vote on passage was 74-24. Key federal agencies including the departments of Homeland Security,...

ATLANTA (Reuters) - Atlanta Federal Reserve bank President Raphael Bostic said on Friday he now expects just a single quarter-point interest rate cut this year versus two cuts that he had projected previously, a change in his outlook driven by persistent inflation and stronger-than-anticipated economic data. I'm definitely less confident than I was in December that inflation will continue to...

Federal Reserve Bank of Atlanta President Raphael Bostic has reportedly revised his forecast, anticipating only one interest-rate cut this year, likely occurring later than initially anticipated. The Atlanta Fed chief previously advocated for two rate cuts in 2024, suggesting the first cut might occur in the summer, Bloomberg reported. Bostic informed reporters in Atlanta on Friday that it was a “close call.” “We will have...

WASHINGTON (Reuters) - President Joe Biden on Saturday signed into law a $1.2 trillion budget bill to keep the U.S. government funded through a fiscal year that began six months ago and to avert a partial shutdown, according to a statement released by the White House. The bipartisan funding bill I just signed keeps the government open, invests in the...