Reuters US Economy

By Jamie McGeever ORLANDO, Florida (Reuters) -Technology has been the main driving force behind the evolution of financial markets in recent decades, with the explosion of automated and algorithmic trading fostering the eye-popping speed, efficiency, and liquidity that traders and investors enjoy today. Artificial intelligence is likely to accelerate these positive changes and revolutionize financial …

For markets, AI efficiency may bring volatility: McGeever Read More »

(Reuters) -China’s economy grew at the slowest pace since early 2023 in the third quarter, and though consumption and industrial output figures for last month beat forecasts a tumbling property sector remains a big challenge for Beijing as it tries to boost growth. Data released on Friday showed the world’s second-largest economy grew 4.6% year-on-year …

China’s Q3 GDP growth skids to slowest since early 2023 Read More »

SANTIAGO (Reuters) -Chile’s central bank on Thursday said it was cutting its benchmark interest rate to 5.25% from a previous level of 5.50%, in a unanimous decision in line with analysts’ forecasts. The bank said that if the economic scenario envisaged in its September report materializes, the rate “will see further reductions to meet its …

Chile central bank cuts interest rate to 5.25% Read More »

By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve faces no imminent market liquidity challenges that could stop the ongoing contraction of its balance sheet, according to a new tool launched Thursday by the Federal Reserve Bank of New York. The new gauge, which the bank calls Reserve Demand Elasticity, seeks to measure how …

New NY Fed tool suggests balance sheet drawdown has more room to run Read More »

By Lucinda Elliott MONTEVIDEO (Reuters) – Uruguay’s center-left presidential candidate Yamandu Orsi, the frontrunner in polls ahead of elections this month, plans to avoid unpopular tax hikes despite a growing deficit, instead looking to spur faster economic growth in the farming nation. In his first interview with international media ahead of the Oct. 27 first-round …

Uruguay’s leftist presidential frontrunner: no plan for tax hikes; focus on growth Read More »

STOCKHOLM (Reuters) -Sweden plans to ease tight budget spending rules as it looks to boost spending in areas like infrastructure and defence, Finance Minister Elisabeth Svantesson said on Thursday. The government coalition, the Sweden Democrats and the opposition Social Democrats have agreed to target a balanced budget instead of aiming for a surplus of 0.33% …

Sweden to loosen budget rules to boost infrastructure, defence Read More »