(Reuters) - Chicago Federal Reserve President Austan Goolsbee on Friday said he believes U.S. monetary policy is "relatively restrictive," meaning that borrowing costs are putting downward pressure on inflation.
Increased supply, including on the labor side, makes it difficult to interpret if strong job gains and economic growth indicate any worrisome overheating, he said at an event in Minneapolis.
Goolsbee added that he is hesitant to... (continue reading...)
AMSTERDAM (Reuters) -South Africa has asked the International Court of Justice (ICJ) to order Israel to withdraw from Rafah as part of additional emergency measures over the war in Gaza, the U.N.'s top court said on Friday.
In the ongoing case brought by South Africa, which accuses Israel of acts of genocide against Palestinians, the World Court in January ordered Israel to refrain from any acts that could fall under the Genocide Convention and to ensure... (continue reading...)
By Ricardo Brito
(Reuters) - Less that three months from the Olympic Games in Paris, Brazilian athletes from the devastated southern state of Rio Grande do Sul are giving up their dreams to compete and staying at home to help with the rescue of victims of the severe floods.
Rowers Evaldo Becker and Piedro Tuchtenhagen, due to compete in the qualifying phase for the Olympic Games in the lightweight double sculls category, decided to drop... (continue reading...)
(Reuters) - The U.S. federal budget surplus in April increased from a year earlier as a boost in tax receipts outpaced a rise in outlays, the Treasury Department said on Friday.
The surplus last month was $210 billion, up 19% from the $176 billion surplus in April 2023. Outlays rose 23% to $567 billion.
Receipts increased 22% to $776 billion due to higher tax revenue from individuals and businesses. Economists polled by Reuters had... (continue reading...)
(Reuters) - About one in eight adults have taken a drug belonging to the GLP-1 class of medications for weight loss and related conditions, a poll by Kaiser Family Foundation (KFF) showed on Friday.
The data also showed that 6% of those polled said they were currently using a GLP-1 drug, such as Novo Nordisk's diabetes drug Ozempic or weight-loss treatment Wegovy, or Eli Lilly's obesity drug Zepbound.
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