Reuters US Economy

NEW YORK (Reuters) -The pace of U.S. job growth accelerated more than expected in September, and the unemployment rate increased, indicating the labor market remained on the sluggish side, while expectations the Federal Reserve was unlikely to cut rates in December remained largely unchanged.  Nonfarm payrolls increased by 119,000 jobs in September, after a downwardly …

Instant View: Job growth accelerated in September, unemployment rate ticks up Read More »

(Reuters) -U.S. stock index futures extended gains on Thursday, as investors assessed a stronger-than-expected September jobs report and the Federal Reserve’s interest rate outlook. A Labor Department report showed nonfarm payrolls increased 119,000 in September, compared with an estimate of a 50,000 rise according to economists polled by Reuters. The unemployment rate stood at 4.4%, …

US stock futures extend gains on September jobs data Read More »

By Mike Dolan –        What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets As has often been the case over the past two years, Nvidia’s forecast-beating results have helped calm a tech sector nervous about bubble-like AI valuations. Meanwhile, hopes of another U.S. interest rate cut …

Morning Bid: Nvidia calms the horses, Fed bets evaporate Read More »

By Balazs Koranyi FRANKFURT (Reuters) -The euro zone economy is developing as expected and a compelling shift away from this path would be needed to support another European Central Bank interest rate cut, Governing Council member Gabriel Makhlouf said on Thursday. The ECB has kept rates on hold since delivering its eighth rate cut in …

ECB’s Makhlouf says material outlook change is needed for rate cut Read More »

By Andrea Shalal WASHINGTON (Reuters) -The world’s 20 largest economies will grow by just 2.9% in 2030 amid headwinds from protectionism and policy uncertainty, their weakest medium-term outlook since the global financial crisis of 2009, the International Monetary Fund said on Wednesday. In a report to the Group of 20, the global lender mapped out …

G20 countries’ medium-term growth to be weakest since 2009 crisis, IMF says Read More »

By David Ljunggren OTTAWA, Nov 19 (Reuters) – The Bank of Canada on Wednesday called for a coordinated economy-wide approach to boost weak productivity, an issue it said was becoming more pressing in the face of challenges caused by U.S. trade policy. The speech by Deputy Governor Nicolas Vincent was the latest effort by the …

Bank of Canada urges coordinated approach to boost weak productivity Read More »