Reuters US Business

By Howard Schneider WASHINGTON (Reuters) -All officials at the Federal Reserve’s Dec. 13-14 policy meeting agreed the U.S. central bank should slow the pace of its aggressive interest rate increases, allowing them to continue increasing the cost of credit to control inflation but in a gradual way meant to limit the risks to economic growth. …

Fed wants ‘flexibility’ on rates as inflation remains key focus, minutes show Read More »

By Sinéad Carew and Amruta Khandekar (Reuters) – The S&P 500 finished Wednesday’s session higher following the release of minutes from the Federal Reserve’s last meeting, which showed officials laser-focused on controling inflation even as they agreed to slow their interest rate hiking pace. Officials at the Fed’s Dec. 13-14 policy meeting agreed the U.S. …

S&P closes higher after Fed minutes confirm inflation focus Read More »

SANTIAGO (Reuters) – A Chilean congressional committee approved on Wednesday a controversial mining royalty bill, putting it a step closer to final approval as part of the government’s sweeping tax reform. The proposal, strongly criticized by the industry, was presented in the middle of 2022 by the government to increase royalties on copper sales in …

Chile mining royalty bill progresses after committee approves Read More »

By Nivedita Balu (Reuters) -Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown. The cloud-based software firm said on Wednesday the job cuts would lead to about $1.4 billion to $2.1 billion in charges, while only …

Salesforce to cut 10% of workforce after hiring “too many people” Read More »

(Reuters) – The Federal Reserve should continue hiking interest rates at its next few meetings at a minimum until it is sure that inflation has peaked, Minneapolis Fed President Neel Kashkari said on Wednesday, as he set out his own forecast that the policy rate should initially pause at 5.4%. “In my view … it …

Kashkari sees Fed’s target interest rate peaking at 5.4% Read More »

NEW YORK (Reuters) – All officials at the Federal Reserve’s December meeting agreed to slow the pace of its aggressive interest rate increases, allowing them to continue raising the cost of credit to control inflation but in a gradual way. The minutes of the meeting, which were released on Wednesday, showed policymakers still focused on …

FOMC in Dec worried about “misperception” that inflation fight flagging Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. job openings fell less than expected in November as the labor market remains tight, which could see the Federal Reserve boosting interest rates to a higher level than currently anticipated to tame inflation. There was, however, encouraging news in the inflation fight, with a survey from the Institute …

U.S. labor market remains tight; manufacturing slumps further Read More »

MOSCOW (Reuters) – The rouble opened weaker on Wednesday amid lower oil prices and thin trading volumes during public holidays in Russia. At 0714 GMT, the rouble was 0.6% weaker against the dollar at 71.54 and had lost 1.1% to trade at 75.64 versus the euro. It had shed 0.6% against the yuan to 10.17. …

Russian rouble down with oil prices, trade remains thin Read More »

By Carolina Mandl, Nell Mackenzie and Summer Zhen NEW YORK/LONDON/HONG KONG (Reuters) – Having weathered a dire 2022, many global hedge fund managers are preparing this year for persistent inflation and seeking exposure to commodities and bonds that perform well in such an environment. A majority of the 10 global asset and hedge fund managers …

Global hedge funds plan 2023 around inflation risk Read More »