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  • Mar 19, 2025

Dollar steady as Fed's rate cut view calms market nerves

SINGAPORE (Reuters) -The dollar steadied near five-month lows on Thursday after the Federal Reserve indicated rate cuts were likely later this year despite uncertainties around U.S. tariffs, while the pound hit a four-month high ahead of the Bank of England's policy decision. U.S. policymakers projected two quarter-point interest rate cuts were likely later this year, the same median forecast as three months ago, even as they expect slower economic growth and higher inflation. On Wednesday, the Fed held its benchmark overnight rate steady in the 4.25%-4.50% range.

  • Mar 19, 2025

Greenpeace to Pay $660 Million in Damages to Texas Oil Firm

(Bloomberg) -- Greenpeace has been ordered to pay more than $660 million in damages to Energy Transfer Partners LP after the Texas-based oil company accused the environmental group of defamation in connection with protests against an oil pipeline almost a decade ago.Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood

  • Mar 19, 2025

Oil Executives Talk Permitting But Not Prices in Trump Meeting

(Bloomberg) -- Oil executives pressed for faster permitting — and didn’t discuss concerns about falling crude prices — during a meeting with President Donald Trump on Wednesday, Interior Secretary Doug Burgum said. Most Read from BloombergDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoNYC Plans for Flood Protection Without Federal FundsThe Scary Thing Abou

  • Mar 19, 2025

Tariffs to delay inflation progress, too soon to gauge impact, Fed's Powell says

U.S. Federal Reserve Chair Jerome Powell said on Wednesday that President Donald Trump's tariff increases would delay progress in bringing down inflation this year, but the Fed's base case is that tariff-related price impacts will be transitory, working through the economy quickly. Powell told a news conference after the Fed held rates steady that it was too soon to determine whether the Fed needed to look through the inflationary impact from higher tariffs.

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