Federal Reserve Bank of Cleveland President Loretta Mester said the US central bank will likely need to raise rates once more this year and then hold them at higher levels for some time to get inflation back to its 2% target.
Venezuela’s opposition rejected technical support from the government for its presidential primary, risking a chaotic vote and a possible court battle.
Asian shares look set to fall after hawkish signaling from the Federal Reserve intensified a rout in Treasuries and caused the S&P 500 to whipsaw in a volatile session.
Boaz Weinstein has again boosted his bid for hedge fund firm Sculptor Capital Management Inc., prompting Rithm Capital Corp. to weigh a sweetened offer of its own, according to people familiar with the matter.
The European Union’s climate commissioner-designate pledged to complete the bloc’s plan to reduce emissions if he’s permanently approved for the post and vowed more ambition globally on environmental issues.
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