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Before yesterdayReuters - Business

Goolsbee rejects idea of Fed cutting rates to help US finance its debt

21 September 2026 at 13:30
Suggestions that the Federal Reserve could lower borrowing costs to help the US government finance its current debt and deficits are the very reason β€Œthe central bank needs to be independent in setting monetary policy, Chicago Fed President Austan Goolsbee said on Monday.

Novo says CagriSema shows greater weight loss than Lilly rival in diabetes patients

By: Reuters
21 September 2026 at 10:46
Novo Nordisk said on Monday its next-generation experimental drug, CagriSema, delivered an β€Œestimated average weight loss of 12.4% in a late-stage trial in patients with diabetes, outperforming Eli Lilly's rival drug.

Fed's Goolsbee says strong demand may be adding to US inflation

21 September 2026 at 10:35
US inflation may have moved beyond the tariff and energy prices shocks of the last 18 months and is now being driven by strong demand as well, potentially requiring a faster β€Œpace of Federal Reserve interest rate hikes, Chicago Fed President Austan Goolsbee said on Monday.

Aerospace suppliers test rare-earth alternatives to ease reliance on China

Rare earth shortages are pushing some suppliers of aerospace companies to revisit decades-old turbine coating formulas β€Œonce considered obsolete, after US-China tensions disrupted supplies from the world's dominant producer of critical minerals.

Global diesel shortage likely to last into 2027 as storage tanks drain

A global diesel shortage fueled by wars in Iran and Ukraine is unlikely to ease before next year, according to storage market indicators and industry participants, extending a spike in fuel costs that is weighing on economies worldwide.
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