WASHINGTON, March 27 (Reuters) - The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say. With six people still missing after a container ship collision...

This was a big week for people who follow macroeconomic news. The Federal Reserve kept rates and the dot plot unchanged, but the press release was carefully worded to be opaque.  We'll explain why. After more than a decade of near and even below-zero interest rates at the Bank of Japan, they finally responded to continuing weakness in the yen by raising...

Investors are gearing up for the release of February’s Personal Consumption Expenditure (PCE) price index, the most anticipated economic data this week, set to drop at 08:30 AM on Friday. This inflation metric – the preferred one by the Federal Reserve – plays a crucial role in shaping expectations for potential interest rate adjustments in the months ahead. Since its...

LONDON (Reuters) - Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States. Six people are still missing after a collision with a Singapore-flagged container ship...