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The European Central Bank eased the pace of its interest rate hikes on Thursday and kept its options open on future moves as it continues its fight sticky inflation.

The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates.

The Federal Reserve on Wednesday said it will begin trimming its monthly bond purchases in November with plans to end them in 2022, but held to its belief that high inflation would prove "transitory" and likely not require a fast rise in interest rates.

By Reuters Staff 1 Min Read General view of oil tanks and the Bayway Refinery of Phillips 66 in Linden, New Jersey, U.S., March 30, 2020. REUTERS/Mike Segar/File Photo NEW YORK (Reuters) - U.S. weekly refinery utilization rates last week rose to 88.7%, the highest since February 2020, according to U.S. Energy Information Administration data released on Thursday. Midwest weekly refinery utilization rates rose to 91.5%, also the highest since February 2020, the data showed. Reporting by Devika Kr...

By Reuters Staff 3 Min Read (Reuters) - U.S. cash crude differentials mostly weakened on Monday as the spread between benchmark U.S. crude futures and Brent contracted, dealers said. FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S. February 11, 2019. REUTERS/Nick Oxford/File Photo Coastal grades including Louisiana light Sweet (LLS) and Mars eased as the Brent/WTI spread narrowed by 7 cents a barrel. A narrow spread typically makes U.S.-crude linked coastal grades less attractiv...

** Powell says one-time increases in prices likely to have only transient impact on inflation ** Powell says a transitory rise in inflation above 2% will not meet standard for raising rates ** Powell says economy is a long way from employment, inflation goals ** Powell says not time to start talking about taper yet ** Powell says we will want to provide as much advance notice of taper as possible ** Powell says when we see data that shows we are on track to achieving substantial progress, we wi...

The European Central Bank signalled faster money-printing on Thursday to keep a lid on euro zone borrowing costs.

U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted if he can stick to that promise once the pandemic passes and the economy surges on its own.

The U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair Jerome Powell said on Tuesday.

The U.S. economic recovery remains "uneven and far from complete" and it will be "some time" before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair Jerome Powell said on Tuesday.