Reuters US Economy

By Michael S. Derby (Reuters) -Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday monetary policy is quite tight and is no longer aligned with current economic conditions, although he declined to provide specific guidance on what lies ahead for it. “I usually don’t like saying, tying our hands before a meeting, but …

Fed’s Goolsbee: Current rate policy too tight for economy Read More »

By Ann Saphir and Howard Schneider JACKSON HOLE, Wyoming (Reuters) -No safer than a bund. Or a gilt. Or an OAT. Long touted as hands-down the world’s “safe haven” securities, the behavior of U.S. Treasuries during and after the COVID-19 pandemic calls that label into question, suggesting they are little different from the debt issued …

U.S. Treasuries not the safe bet they once were, research says Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – The dollar has been floored by an aggressive repricing of the U.S. interest rate outlook, but it’s likely too soon to count the greenback out.     The dollar is currently languishing at its weakest level of the year against baskets of major and emerging market currencies, which raises the …

Column-US rate shift infects dollar, but prognosis isn’t terminal: McGeever Read More »

By Stephen Culp NEW YORK (Reuters) -All three major U.S. stock indexes lost ground on Thursday, weighed by technology shares, as Treasury yields rose on easing recession fears and global central bank officials convened at the Jackson Hole Economic Symposium. The so-called Magnificent Seven megacap growth stocks weighed heaviest on the tech-laden Nasdaq. “There doesn’t …

Wall St ends lower as tech shares weigh; Jackson Hole in focus Read More »

By Marcela Ayres (Reuters) – Brazil’s central bank director of monetary policy Gabriel Galipolo disagrees with those who interpret his recent statements as suggesting the central bank is cornered into raising interest rates, he said on Thursday. Speaking at an event in Sao Paulo, he reiterated that policymakers are data-dependent and have all options on …

Brazil’s central bank is not cornered into raising interest rates, says director Galipolo Read More »

By Promit Mukherjee OTTAWA (Reuters) – Canada’s economy could shrink by billions of dollars this year if a rail stoppage that began on Thursday continues for weeks, and the knock-on effects would swell jobless numbers and consumer prices, economists and analysts warned. However, the economic impact could be minimal if the stoppage lasts less than …

Canada’s rail shutdown could hit GDP hard, kill jobs if protracted Read More »

(Reuters) – U.S. companies increased borrowing to finance equipment investments by 13% in July compared with the previous year, the Equipment Leasing and Finance Association said on Thursday. New loans, leases and lines of credit signed up by companies in July were up 11% from $10 billion a month earlier. “Our latest report reflects optimism …

US business equipment borrowings rise 13% in July, ELFA says Read More »