NEW YORK (Reuters) -U.S. oil demand rose in July to the highest seasonal level since 2019 while output declined for the second time in three months, data from the U.S. Energy Information Administration showed on Monday. U.S. oil demand has been more resilient this year compared to other major consumers such as China, which have lagged under economic pressures. Total...

(Reuters) - Investors reduced holdings in U.S. equity funds for the fifth consecutive week through Sept. 25, driven by lingering concerns about the economy's health and caution ahead of the U.S. presidential election. According to LSEG data, investors divested a massive $22.43 billion worth of US equity funds during the week, which was their largest weekly net sales since December,...

NEW YORK (Reuters) - Chicago Federal Reserve President Austan Goolsbee reiterated on Monday that he sees a case for extensive U.S. central bank interest rate cuts given the current state of the economy and where it is likely to go. When it comes to monetary policy, this is a process over a year or more that we're trying to get...

07:41 AM EDT, 09/30/2024 (MT Newswires) -- The US dollar was mixed against its major trading partners early Monday as markets look ahead to a speech by Federal Reserve Chair Jerome Powell in the afternoon and the September employment data to be released on Friday. The week starts with a speech by Fed Governor Michelle Bowman at 8:50 am ET,...