WASHINGTON (Reuters) - President Donald Trump's 2024 campaign promise to impose steep tariffs on imports -- including those coming from close U.S. allies -- has some of his fellow Republicans in Congress worried about its potential hit to their home-state economies. Trump faces a self-imposed Saturday deadline to potentially slap 25% tariffs on imports from Canada and Mexico, as well...

07:41 AM EST, 01/31/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Friday before the release of personal income, spending, and price data for December at 8:30 am ET. The employment cost index for Q4 is also due to be released at 8:30 am ET and Federal Reserve Governor Michelle Bowman is expected to speak...

(Reuters) - U.S. equity funds attracted inflows for the first time in four weeks in the week through Jan. 29, spurred by hopes of interest rate cuts following comments from President Donald Trump, and a rebound in tech shares following Monday's losses. As per LSEG Lipper data, U.S. equity funds received a net $5.58 billion during the week, the biggest...

WASHINGTON (Reuters) - U.S. President Donald Trump is getting his wish that interest rates drop across the world, just not at home where a strong economy and uncertainty over his own policies have set the stage for the Federal Reserve to diverge from its central bank peers. The European Central Bank cut rates on Thursday, the Bank of Canada did...