(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said that while recent inflation readings suggest disinflation is underway, the central bank is taking its time to get more clarity on whether tariffs will change that, and by how much. “The Federal Reserve has basically been in wait and see mode, saying we need …
Fed in wait and see mode amid tariff uncertainty, Kashkari says Read More »
(Reuters) -U.S. companies borrowed 3.7% less to finance equipment investments in May compared with the same period a year ago, the Equipment Leasing and Finance Association said on Tuesday. “The slow bite of tariffs may still emerge this summer, and conflict abroad could impact energy prices and supply chains,” ELFA CEO Leigh Lytle said. Volumes …
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Mexico’s headline inflation landed in line with expectations in the first half of June, reinforcing analysts’ expectations that the central bank should continue to steadily bring down interest rates in Latin America’s second-largest economy. Mexican consumer prices rose 0.10% during the first half of June compared to the prior …
Mexico’s inflation meets forecasts, paving way for rate cuts Read More »
By David Milliken LONDON (Reuters) -The European Central Bank would react to “material” changes in the euro zone’s inflation outlook and ignore “tiny” ones as inflation is now under control, the ECB’s chief economist Philip Lane said on Tuesday. The ECB cut interest rates this month for the eighth time in the past year and …
ECB would react to ‘material’ changes in inflation outlook, Lane says Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s annual inflation rate in May was unchanged from the previous month at 1.7% as a drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and transportation also cooled, data showed on Tuesday. There are concerns that a raft of tariffs imposed by …
Canada’s annual inflation unchanged at 1.7% in May, core measures slightly ease Read More »
By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank said on Tuesday that much of the impact from its “particularly quick and very firm” tightening cycle is yet to be felt, which is why it now foresees a pause in interest rate increases to assess those effects. In the minutes of last week’s decision, when the monetary …
Brazil central bank says tightening effects yet to be felt, signals pause in rate hikes Read More »
TORONTO (Reuters) -Canada’s annual inflation rate in May was unchanged from the previous month at 1.7% as a drop in gasoline costs continued to keep the overall index stable while prices of shelter, food and transportation also cooled, data showed on Tuesday. Market reaction: [CAD/] Link: COMMENTARY DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS, …
Instant View: Canada’s annual inflation rate at 1.7% in May, unchanged from April Read More »
(Reuters) -Private equity-backed CoastalSouth Bancshares is targeting a valuation of up to $281.4 million in its initial public offering in the United States, the community bank said on Tuesday. WHY IT’S IMPORTANT With the 2023 regional banking crisis in the rearview mirror, analysts expect an uptick in banking IPOs in the near-future after years of …
Community bank CoastalSouth Bancshares eyes $281 million valuation in US IPO Read More »
By Yoruk Bahceli LONDON (Reuters) -U.S. President Donald Trump’s sweeping tax-cut and spend legislation could have a big impact on the Czech central bank’s investment in U.S. assets, an official said on Tuesday. Czech National Bank board member Jan Kubicek, speaking at an Official Monetary and Financial Institutions Forum event, said that for the moment …
US tax bill could have ‘big influence’ on Czech central bank’s portfolio, official says Read More »
By Colleen Goko JOHANNESBURG (Reuters) -Senegal’s public debt climbed sharply by end-March 2025, data from the finance ministry showed, underlining the government’s struggle to balance spending with revenue generation amid persistent fiscal challenges. Debt servicing costs soared 44.5% year-on-year in the fourth quarter of 2024 to reach 822.32 billion CFA francs ($1.4 billion), and grew …
Senegal’s debt surges amid fiscal pressures as government struggles to balance spending Read More »
