A Federal Reserve policymaker on Thursday repeated her call for further rate hikes and a trimming of the central bank's balance sheet later this year, as the U.S. economy is expected to rebound from what looks like a weak first quarter.
U.S. stocks looked set to open near record highs on Tuesday as oil prices rose and investors cheered better-than-expected profits at top U.S. retailers.
Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy maintained its current pace of performance.
The sharp rebound in U.S. job growth last month eased concerns that the country's labor market had regressed, a top Federal Reserve official said today, repeating she continues to expect gradual interest rate rises.
