The U.S. services sector activity surged to more than a 3-1/2-year high in February amid strong demand, consistent with hopes for an acceleration in economic growth this quarter, but war in the Middle East poses a downside risk to the rosy picture.The Institute for Supply...
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Cleveland Fed President: Iran Tension Could Delay Interest Rate Drop
The Federal Reserve may need to keep interest rates steady for an extended period as new risks emerge from rising energy prices tied to tensions in the Middle East and inflation remains above target, according to Cleveland Federal Reserve Bank President...
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Maersk Halts Cargo Bookings Across Gulf
Shipping giant Maersk is suspending cargo booking acceptance across much of the Persian Gulf region, citing the rapidly escalating Iran war and growing risks to shipping and logistics operations.
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Report: Qatar Shuts Gas Liquefaction, Will Take Weeks to Restart
Qatar declared a force majeure on gas exports on Wednesday amid the U.S.-Israeli war on Iran, with sources saying it may take at least a month to return to normal production volumes.
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Vance Urges Patience on Economy
Vice President JD Vance urged Americans to be patient on economic improvement, saying the administration cannot quickly erase what he described as cost-of-living setbacks that built up under former President Joe Biden.
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Private companies added 63,000 jobs in February, January revised to just 11,000 additions, ADP says