02:23 PM EDT, 05/16/2024 (MT Newswires) -- Cleveland Fed President Loretta Mester (voter) said the current level of monetary policy is sufficient to address how the economy evolves and it would be 'prudent' to leave policy there until the Federal Open Market Committee gains greater confidence in the progress on inflation. Recent comments of note: (May 15) New York Fed...

03:17 PM EDT, 05/16/2024 (MT Newswires) -- US industrial production was flat in April versus market expectations for a gain as manufacturing output posted a surprise decline, according to Federal Reserve data published Thursday. Industrial output was unchanged last month following a downwardly revised 0.1% increase in March, the Fed said. The consensus was for a 0.1% rise in a...

WASHINGTON (Reuters) - Data this week offered the U.S. Federal Reserve good news on two fronts but policymakers haven't openly shifted views yet about the timing of rate cuts investors are convinced will start this year. Comments from Fed officials including the vice chair of the rate-setting Federal Open Market Committee, New York Fed President John Williams, acknowledged the positive...

03:50 PM EDT, 05/16/2024 (MT Newswires) -- Manufacturing activity in the Mid-Atlantic region declined more than expected this month as orders and shipments fell into negative territory, the Federal Reserve Bank of Philadelphia said Thursday. The Manufacturing Business Outlook Survey's headline gauge for business activity dropped to 4.5 in May from 15.5 in April, mostly undoing the index's increase from...