By Jamie McGeever ORLANDO, Florida (Reuters) – If bond investors take away one lesson from the last few years, it’s this: pay attention not so much to what Jerome Powell says, but what he does. If not, they should strap themselves in for a rocky ride, as they’re likely to continue pricing in the loose …
Column-Powell’s words matter, but his actions matter more: McGeever Read More »
NEW YORK (Reuters) – JPMorgan lowered its Israel GDP growth forecast for 2024 to 0.5% from 1%, and also cut its growth estimate for next year to 3.3% from 3.7%, the Wall Street bank said on Friday. “As the security situation remains challenging following the opening of the northern front, we have lowered our forecast …
JPMorgan cuts Israel 2024 GDP growth forecast to 0.5% from 1% Read More »
BEIJING (Reuters) – China’s cabinet on Friday approved measures to boost growth in the country’s foreign trade, state media reported, after October exports grew at the fastest pace in over two years and the country unveiled fiscal stimulus to revive growth. The measures include expanding coverage of export credit insurance, improving cross-border e-commerce development and …
China’s cabinet approves measures to boost trade growth Read More »
By Mike Dolan LONDON (Reuters) -Far from soothing anxieties about mounting sovereign debt, the world’s biggest economies appear to be doubling down – almost goading bond investors into ratcheting up the cost of the borrowing even as central banks pare back interest rates. If these fiscal afterburners do spur economies as intended and elevate inflation …
Afterburners on zooming sovereign debt supply: Mike Dolan Read More »
By Libby George LONDON (Reuters) – Investors hoping for a “Goldilocks” moment for emerging markets in 2025 following years of global interest rate hikes are grappling with significant uncertainty ahead of Donald Trump’s impending return to the White House. The dollar’s rigorous rally, and worries over U.S. tariffs, potential unfunded spending sprees and slowing interest …
Analysis-Is Goldilocks gone? Emerging markets face uncertain path under Trump Read More »
TAIPEI (Reuters) – Taiwan’s exports rose less than expected in October, as benefits from the booming artificial intelligence (AI) industry were countered by the sluggish economy of top trading partner China. Exports rose 8.4% on the year to $41.3 billion, the finance ministry said on Friday, missing a forecast for expansion of 9% in a …
Taiwan Oct exports miss expectations as China weighs Read More »
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday said he would not resign if asked to do so by President-elect Donald Trump, and said presidents do not have the legal authority to remove a U.S. central bank chief. That said, Powell’s term as chair expires in May 2026, and Trump will have an opportunity …
Explainer-How Trump could influence the makeup of the Fed Read More »
By Lucia Mutikani WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits rose slightly last week, suggesting no material change in the labor market and reinforcing views that hurricanes and strikes had resulted in job growth almost stalling in October. Though the labor market is easing, wage pressures are not showing a …
US weekly jobless claims rise marginally; unit labor costs stir inflation fears Read More »
By Koh Gui Qing and Kevin Buckland NEW YORK/LONDON (Reuters) -Shares on Wall Street scaled record highs on Thursday, lifting stock markets around the world, while U.S. Treasury yields retreated further after the Federal Reserve cut interest rates and as investors processed a second Donald Trump presidency. The Fed lowered rates by 25 basis points …
Stocks hit record for second day, yields dip after Fed cut Read More »
SAO PAULO/BRASILIA (Reuters) -Brazil’s government denied on Thursday a report by CNN Brasil saying its highly anticipated package to rein in mandatory expenses would involve cuts of up to just 15 billion reais ($2.6 billion), an amount the market views as insufficient. CNN Brasil reported that President Luiz Inacio Lula da Silva was reviewing two …
Brazil denies CNN report that upcoming spending cuts limited to $2.6 billion Read More »
