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(Reuters) -Argentina’s annual inflation rate fell for the 18th straight month in October, official data showed on Wednesday, as the monthly rate was a tick above market expectations.  Consumer prices rose 2.3% in October, up from the 2.1% registered in September and just above analysts’ forecast of 2.2%. Headline inflation fell in the 12 months …

Argentina’s annual inflation falls in October to lowest since mid-2018 Read More »

LONDON (Reuters) -Venezuela’s bonds could be worth 30%-60% more than at present if building U.S. pressure on President Nicolas Maduro ends up paving the way for what could be the world’s biggest-ever debt restructuring, analysts at Citi have forecast. The South American oil producer defaulted on its international bonds in 2017, and prices have fluctuated …

Citi ratchets up Venezuela debt bets as US pressure on Maduro builds Read More »

(Reuters) -Federal Reserve Governor Stephen Miran on Wednesday repeated his view that data showing inflation running above 2% is backward-looking and should not be taken at face value, and again described U.S. monetary policy as too tight mainly because he believes cooling housing inflation is easing price pressures. “To keep policy so tight in response …

Fed’s Miran repeats call for less restrictive monetary policy Read More »

(Corrects grammar in headline, first paragraph) By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -Ahead of the Bank of Canada’s rates decision on October 29, Governing Council decided to look through “choppy” annual inflation data and consider underlying indicators, minutes of the bank’s meeting released on Wednesday showed. This approach would help provide signals about …

Bank of Canada governors agreed to look through choppy inflation, minutes show Read More »

By Maria Martinez BERLIN (Reuters) -The German Council of Economic Experts on Wednesday cut its forecast for Europe’s largest economy in 2026 and predicted only modest growth this year, despite Chancellor Friedrich Merz’s pledge to revive the economy.    The economists cut their forecast for 2026 to 0.9% from 1.0% in their May report, arguing that …

German economic council cuts growth forecast for 2026 Read More »

(Reuters) -Wall Street opened higher on Wednesday with the Dow at a record high, as investors cheered a likely end to the longest U.S. government shutdown, while an upbeat earnings outlook from Advanced Micro Devices revived optimism around AI. The Dow Jones Industrial Average rose 87.8 points, or 0.18%, at the open to 48,015.79. The …

Wall St opens higher as traders anticipate end to federal shutdown Read More »

By Michael S. Derby NEW YORK (Reuters) -New York Federal Reserve President John Williams reiterated on Wednesday the time is getting closer when the U.S. central bank will have to restart bond purchases as part of a technical effort to maintain control over short-term interest rates. Williams, in the text of a speech to be …

Fed may soon start buying bonds to manage market liquidity, Williams says Read More »

LONDON (Reuters) -European Central Bank President Christine Lagarde is to take over from Federal Reserve chief Jerome Powell as head of two of the Bank for International Settlements’ key economic groups, the central bank umbrella body said on Wednesday. Powell has been chair of the BIS’s Global Economy Meeting (GEM) which involves 30 top central bankers and its Economic Consultative …

ECB’s Lagarde replaces Fed’s Powell on two key BIS committees Read More »

FRANKFURT (Reuters) -Euro zone inflation is unlikely to fall too low and risks may actually be skewed toward higher than forecast readings, but the European Central Bank can tolerate small target deviations, ECB board member Isabel Schnabel said on Wednesday. Euro zone inflation has been holding around the bank’s 2% target for most of this …

Euro zone inflation risks may be tilted to upside, Schnabel argues Read More »

By Fabricio de Castro SAO PAULO (Reuters) -Brazil’s fiscal balance will become a top priority from 2027 regardless of the outcome of next year’s presidential election, Goldman Sachs’ head of Latin America macroeconomic research, Alberto Ramos, told Reuters. Even if President Luiz Inacio Lula da Silva secures a fourth non-consecutive term, fiscal policy will need …

Brazil’s fiscal discipline crucial post-2026 election, warns Goldman Sachs Read More »