Reuters US Economy

By Howard Schneider WASHINGTON (Reuters) -The minutes of the U.S. central bank’s October 28-29 meeting could provide more insight on Wednesday into the depth of the divide that has emerged among policymakers navigating an official data blackout, conflicting signals from available information, and a leadership transition during the final months of Federal Reserve Chair Jerome …

Fed minutes expected to detail a policy divide that may be deepening Read More »

By Stella Qiu SYDNEY (Reuters) -Australian wages grew at a steady pace in the third quarter, driven by public sector pay gains, adding to a string of upbeat data that reinforces expectations the Reserve Bank of Australia will keep interest rates unchanged. The wage price index rose 0.8% in the third quarter, unchanged from the …

Australian wage growth steady in Q3, supports rate pause view Read More »

BRASILIA (Reuters) -Brazilian Congress on Tuesday approved a bill that includes spending-containment measures and limits on companies’ use of tax credits, which were previously struck down when a presidential decree expired without a vote. KEY DETAILS • The text, which was approved by Congress’ lower house in October and by the Senate on Tuesday, now …

Brazil’s Congress approves spending cut measures, caps tax credit for companies Read More »

(Reuters) -The U.S. producer price index for September will be released on November 25 while the import and export price indexes for the same month will be issued on December 3, the Bureau of Labor Statistics said on Tuesday. The release of some data was delayed during the federal government shutdown. (Reporting by Costas Pitas, …

US Bureau of Labor Statistics says Sept producer price index due out Nov 25 Read More »

By Niket Nishant and Chuck Mikolajczak (Reuters) -The S&P 500’s drop below a closely watched technical threshold could signal a deeper pullback ahead, research from LPL Financial showed on Tuesday, underscoring growing pressure on equities as tech and AI trades unwind globally. The benchmark index closed below its 50-day moving average on Monday for the …

S&P 500’s slip below key technical level may foreshadow deeper setback, LPL says Read More »

By Matt Tracy WASHINGTON (Reuters) -U.S. corporate credit spreads widened on Monday as the U.S. stock market closed below a key technical indicator for the first time in months.  The average option-adjusted spread on U.S. high-yield corporate credit, or the premium over Treasury spreads paid by companies to borrow, widened six basis points between Friday …

US corporate credit spreads widen as equities market falls Read More »