PARIS (Reuters) – Inflation in France fell to 6.7% in December from 7.1% in November, exactly in line with earlier preliminary inflation figures for the month, said the INSEE national statistics office on Friday. The dip marks the latest sign that slowing energy price rises are helping Europe overcome the worst of the inflation crisis. …
French inflation in December eased back to 6.7% – INSEE Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks closed higher on Thursday, extending recent gains as data showing a fall in consumer prices in December bolstered expectations of less aggressive interest rate hikes from the Federal Reserve. U.S consumer prices fell for the first time in more than 2-1/2 years in December, the report …
Wall St ends up as data suggests inflation may be on downward trend Read More »
By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers on Thursday expressed relief that inflation continued easing in December, paving the way for a possible step down to a quarter point interest rate increase when the U.S. central bank meets in just under three weeks. U.S. consumer prices fell in December in the first …
Fed policymakers signal rate-hike slowdown coming, but no easing Read More »
By David Lawder WASHINGTON (Reuters) -The U.S. government’s December budget deficit quadrupled from a year earlier to $85 billion as receipts shrank slightly and outlays grew to a new December record, the Treasury Department said on Thursday as it neared the $31.4 trillion federal debt limit. The results confirmed forecasts that revenues would start to …
U.S. December deficit quadruples as outlays grow, debt ceiling nears Read More »
(Reuters) – Warner Bros Discovery Inc is exploring a sale of its music library that could be valued at more than $1 billion, the Financial Times reported on Thursday, citing people familiar with the matter. (Reporting by Yuvraj Malik in Bengaluru; Editing by Devika Syamnath)
By Helen Coster (Reuters) -Dow Jones, a division of News Corp that includes the financial news outlets the Wall Street Journal, Barron’s and MarketWatch, plans to lay off 22 employees, according to IAPE, the union representing unionized Dow Jones employees. In a statement to Reuters on Wednesday, a Dow Jones spokesperson said that “several teams …
By Hannah Lang (Reuters) – City National Bank has agreed to pay $31 million to settle lending discrimination allegations with the U.S. Justice Department, the agency said on Thursday. A complaint filed in federal court on Thursday alleged that from 2017 through at least 2020, the Los Angeles-based bank received fewer applications in majority-Black and …
City National Bank reaches settlement of redlining allegations with Justice Dept Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S consumer prices fell for the first time in more than 2-1/2 years in December as gasoline and motor vehicles prices declined, offering hope that inflation was now on a sustained downward trend, though the labor market remains tight. Americans also got more relief at the supermarket last month, …
U.S. inflation retreating as consumer prices fall; labor market still tight Read More »
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month may be paving the way for a market-friendly “Goldilocks” scenario for asset prices, allowing the Federal Reserve to bring down consumer prices without badly damaging growth. U.S consumer prices unexpectedly fell last month for the …
Analysis-Softer inflation print stirs hopes of ‘Goldilocks’ scenario for U.S. markets Read More »
OTTAWA (Reuters) – The Canadian government filled three Bank of Canada board vacancies on Thursday with finance veterans including Ernie Daniels, likely the first First Nations member on the central bank’s board, a bank spokesperson said. The Bank of Canada’s board selects its governor and provides general oversight of the management and administration of the …
Canada appoints First Nations member to Bank of Canada board Read More »
