reuters_logo

With or without Iran, oil producers to meet in April on output deal

Oil producers including Gulf OPEC members support holding talks next month on a deal to freeze output even if Iran declines to participate, OPEC sources said, as political pressure to prop up prices increases. OPEC and non-OPEC producers will meet in Doha on April 17, Qatari Energy Minister Mohammed bin …

Read More »

Fed seen holding rates steady as it faces fine balancing act

The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head. The central bank, which hiked rates in December for the first time in …

Read More »

U.S. data points to firming economy, inflation

Underlying U.S. inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year. Other data on Wednesday showed the housing market continuing to strengthen last month and manufacturing stabilizing. While …

Read More »