Reuters US Economy

By Sameer Manekar (Reuters) – Analysts have solidified their bearish positions on most Asian currencies as higher-for-longer U.S. interest rates and a resilient dollar are likely to continue to hurt the local units, a Reuters poll showed on Thursday. The Indonesian rupiah and the Philippine peso were the most shorted currencies in the region, with …

Bears firm up bets on Asian currencies as US rate cuts remain elusive : Reuters poll Read More »

A look at the day ahead in European and global markets from Kevin Buckland The verdict from investors appears to be that benign U.S. inflation trumps the Fed’s rate outlook, clearing the way for gains in Asian equities, and potentially in Europe too. The initial shock at projections for just one U.S. rate cut this …

Morning Bid: Data is king, Fed its servant Read More »

(Reuters) – Argentina and China’s monetary authorities have renewed a swap line for the equivalent of $5 billion through July 2026, Argentina’s central bank said on Wednesday. The central bank said in a statement that it would renew the full amount for 12 months, and then gradually ramp down over the following 12 months, when …

Argentina, China renew $5 billion swap line through July 2026 Read More »

MONTREAL (Reuters) – There is a limit to how far the Bank of Canada can diverge from the U.S. Federal Reserve when it comes to cutting rates but the Canadian bank is nowhere near that limit, Governor Tiff Macklem told a Montreal conference on Wednesday. (Reporting by Allison Lampert and Promit Mukherjee, editing by David …

Bank of Canada head says can still diverge from Fed on rates Read More »

By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – Signs of falling U.S. inflation on Wednesday and growing hopes for interest rate cuts from the Federal Reserve could be a positive signal for large swathes of the stock market that have languished in a rally led by Big Tech. Benign consumer price data …

Benign US inflation could support stock market laggards Read More »

(Reuters) -The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check. The mark down in the outlook for …

FOMC leaves rates alone but scales back 2024 easing outlook Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset higher costs for rental housing, but inflation remains too high for the Federal Reserve to start cutting interest rates before September. The report from the Labor Department on Wednesday also showed underlying inflation pressures …

US consumer prices unchanged in May; bolster rate cut expectations Read More »

By Brijesh Patel and Ashitha Shivaprasad SINGAPORE (Reuters) -China, the biggest official sector buyer of gold, is expected to resume its bullion shopping spree once prices ease from the record highs hit in May, as the fundamental case for the metal remains, industry players said at a conference this week. After adding to its gold …

China’s central bank to return to gold buying as prices ease, analysts say Read More »

(Reuters) – U.S. small-business confidence and hiring plans increased in May to their highest levels of the year, but the looming U.S. presidential election also drove uncertainty to nearly a four-year high, a survey showed on Tuesday. The National Federation of Independent Business (NFIB) said its Small Business Optimism Index rose eight-tenths of a point …

US small business sentiment up in May, but looming election clouds outlook Read More »