The Federal Reserve will probably need two more rate hikes this year to continue its fight against US inflation although the pace of the central bank's monetary tightening also needs to be slowed to preserve growth, San Francisco Fed President Mary Daly said Monday

Norfolk Southern said in a statement on Tuesday that one of its train conductors has died as a result of a train collision with a dump truck at the Cleveland-Cliffs Cleveland Works property in the US state of Ohio earlier in the day

A US inflation indicator closely followed by the Federal Reserve grew 5.4% in the year to January, beating forecasts for the month as well as its previous growth in December, underscoring the central bank's tough fight against inflation

US interest rates need to rise to above 5% and remain there an extended time in order to bring inflation down meaningfully, the Federal Reserve's regional head for Cleveland Loretta Mester said Thursday