Reuters US Economy

By Michael S. Derby (Reuters) – The Federal Reserve Bank of New York said Wednesday that late next month it will add morning offerings for its liquidity providing Standing Repo Facility.  The morning Standing Repo Facility, or SRF, operations will join with existing afternoon operations, and will be available starting June 26. “The additional daily morning …

New York Fed to start morning Standing Repo Facility operations next month Read More »

BRASILIA (Reuters) -The average cost of Brazil’s domestic debt issuance rose to the highest level in more than eight years, Treasury data showed on Wednesday, as elevated interest rates and persistent inflation continue to weigh on the country’s debt profile. The cost reached 13.05% in April, up from 12.61% the previous month and the highest …

Brazil’s debt issuance cost rises to highest level in more than eight years Read More »

BRASILIA (Reuters) -Brazil’s economy created a net 257,528 formal jobs in April, data from the Labor Ministry showed on Wednesday, above the 175,000 expected by economists in a Reuters poll. The data accounts for 2,282,187 jobs opened and 2,024,659 closed in the period, according to the ministry. It was the highest figure for April since …

Brazil creates more formal jobs than expected in April Read More »

(Reuters) -Brazil’s central bank is unlikely to have room to cut interest rates before next year, and even then the risk is tilted toward further delays, economists at Itau Unibanco, the country’s largest private lender, said on Thursday. Itau chief economist Mario Mesquita told an event in Sao Paulo sponsored by the lender that the …

Brazil’s central bank unlikely to cut rates before 2026, Itau says Read More »

ISTANBUL (Reuters) – Turkey’s monthly inflation rate is expected to be 2% in May, impacted by higher clothing and fruit prices, with the annual rate seen falling to 36.1%, a Reuters poll showed on Wednesday. Economists said a rise in fruit prices due to agricultural frost and a new season in clothing will be the …

Turkey inflation seen dipping to 36.1% in May, monthly rate 2%: Reuters poll Read More »

(Reuters) -Irish retail sales rose 1.1% month-on-month in April and climbed 3% year-on-year, Central Statistics Office data showed on Wednesday. (Reporting by Muvija M in London; Editing by Sachin Ravikumar)