Federal Reserve Vice Chair Lael Brainard said Monday she was encouraged by last week’s U.S. inflation data and noted the Fed would likely soon reduce the size of its rate hikes.
China will increase pork imports in the coming months, industry participants said, after losses for farmers last year caused a reduction in hog numbers that appears larger than official data suggests.
Shipping giant Maersk on Wednesday warned of gloomy times ahead for global trade, even as it reported record profits stemming from high rates charged by its ocean business.
