Latest

US Fed's December rate cut was 'final' step to recalibrate policy: official
US Fed's December rate cut was 'final' step to recalibrate policy: official

The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step for now. "I supported the December policy action because, in my view, it represented the Committee's final step in the policy recalibration phase," she said, according to prepared remarks.

Airbus boosts plane deliveries in 2024
Airbus boosts plane deliveries in 2024

European plane maker Airbus said Thursday it increased aircraft deliveries to 766 as the company still struggles to return to pre-pandemic production levels. Airbus and Boeing chopped production during the Covid crisis that started in 2019, as airlines stopped taking deliveries of planes.