In the context of inflation, was the Federal Reserve late to tighten monetary policy and hike interest rates? Most would agree the answer is yes. But the Fed doesn't have just one mandate of promoting price stability. It has a dual mandate of promoting both price stability and maximum employment. Taking employment into consideration, it's less obvious to me that the Fed was late to tighten monetary...

Donald Trump’s proposal to enforce dollar dominance in global trade might lead to economic disruption and potentially weaken the U.S. currency, warns a strategist from Commerzbank AG. What Happened: Ulrich Leuchtmann, the head of foreign exchange research at Commerzbank AG, analyzed a potential sequence of events that could unfold in the U.S. financial markets if Trump’s threat to impose 100%...

WASHINGTON, Sept 10 (Reuters) - Vice President Kamala Harris and Republican opponent Donald Trump have floated new tax breaks and spending plans, as they try to win votes by persuading Americans their ideas will do more to ease their financial burdens. Budget forecasters are struggling to keep up with the latest tweaks, and new ideas may be voiced in Tuesday's...

WASHINGTON (Reuters) - U.S. wholesale inventories increased less than initially thought in July amid a sharp rebound in sales, casting doubt on whether inventory investment would contribute to economic growth in the third quarter. The Commerce Department's Census Bureau said on Monday that wholesale inventories rose 0.2%, revised down from the 0.3% gain estimated last month. Stocks at wholesalers were...