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Oil prices will likely slip this year, the director of North Dakota's state oil regulator predicted, amid uncertainty surrounding U.S. President Donald Trump's tariffs on neighboring Canada and Mexico. North Dakota is the third-largest oil producing state in the U.S. U.S. crude futures have been trading below $70 a barrel for the last three weeks, according to data from LSEG, with investor sentiment partly quashed by uncertainty around potential trade tariffs.

"Reducing the Federal Reserve's balance sheet is an important part of normalizing monetary policy implementation and reducing unneeded reserves in the banking system," Waller said in a statement explaining his dissent on the balance sheet decision included in the policy statement issued by the central bank on Wednesday. "There is no evidence from money market indicators or my outreach conversations that the banking system is getting close to an ample level of reserves," Waller said.

(Bloomberg) -- Federal Reserve Governor Christopher Waller said the banking system still has enough reserves for the central bank to keep its monthly runoff of Treasury securities unchanged.Most Read from BloombergChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats o

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleChicago Transit Faces ‘Doomsday Scenario,’ Regional Agency SaysAmtrak CEO Departs Amid Threats of a Transit Funding PullbackFederal Reserve Bank of Chicago President Austan Goolsbee said the inflat

(Reuters) -New York Federal Reserve President John Williams said on Friday the U.S. central bank's monetary policy is in the right place given the myriad uncertainties facing the economy, noting that there's no urgency to make any changes to interest rates. "Modestly restrictive" monetary policy "is entirely appropriate given the solid labor market and inflation still running somewhat above our 2% goal," Williams said in a speech in the Bahamas. In comments to reporters after his formal remarks, Williams said the Fed eventually will need to cut rates back to a level deemed neutral in regard to its impact on the economy.

Buy Now, Pay Later services are typically used on large purchases, like furniture. But now one service is branching out into fast food.

(Bloomberg) -- Private infrastructure investors are snatching up green bargains in what’s emerged as a buyer’s market for wind, solar and battery projects.Most Read from BloombergNew York Subway Ditches MetroCard After 32 Years for Tap-And-GoLA Faces $1 Billion Budget Hole, Warns of Thousands of LayoffsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleAmtrak CEO Departs Amid Threats of a Transit Funding PullbackNYC Plans for Flood Protection Without Federal FundsThe moves follow a