Reuters US Economy

(Reuters) – Chicago Federal Reserve President Austan Goolsbee on Friday said he believes U.S. monetary policy is “relatively restrictive,” meaning that borrowing costs are putting downward pressure on inflation. Increased supply, including on the labor side, makes it difficult to interpret if strong job gains and economic growth indicate any worrisome overheating, he said at …

Fed’s Goolsbee says US interest rates are ‘relatively restrictive’ Read More »

(Reuters) – The U.S. federal budget surplus in April increased from a year earlier as a boost in tax receipts outpaced a rise in outlays, the Treasury Department said on Friday. The surplus last month was $210 billion, up 19% from the $176 billion surplus in April 2023. Outlays rose 23% to $567 billion. Receipts …

US Treasury posts $210 billion surplus in April Read More »

By Mike Dolan LONDON (Reuters) – Worried about a hawkish Fed, over-valued stocks, teetering debt piles, volatile currencies, cliffhanger elections or rancorous geopolitics? Relax and don’t over-think it. For those with long-term savings horizons, the temptation to overtrade and overpay fees for sophisticated investment management, esoteric financial products and expensive hedging may just not be …

Column-Forget market angst, just ‘KISS’ and make up: Mike Dolan Read More »

By Satoshi Sugiyama and Tetsushi Kajimoto TOKYO (Reuters) – Japan’s consumer spending fell for the 13th straight month in March, creating challenges for policymakers who are seeking to drive stronger real wage growth, a prerequisite for additional central bank rate hikes. Household spending fell 1.2% in March from a year earlier, official data released on …

Japan’s consumer spending extends declines, clouding outlook for BOJ rate hikes Read More »

By Howard Schneider FAIRFAX, Virginia (Reuters) – There is “considerable” uncertainty about where U.S. inflation will head in coming months, San Francisco Federal Reserve President Mary Daly said on Thursday, while adding she still has faith that price pressures are continuing to ease. “What the last three months of data have done is widen the …

Fed’s Daly says disinflation still happening, but sees ‘considerable’ uncertainty Read More »

By Marco Aquino LIMA (Reuters) – Peru’s poverty rate rose again last year, official data showed on Thursday, as South America’s fourth biggest nation struggles to emerge from a painful recession amid ongoing political turbulence blamed in part for denting the economy. Some 29% of the population is now classified as impoverished and disproportionately represented …

Peru’s poverty rate ticks up for second straight year Read More »

MEXICO CITY (Reuters) – Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender’s growth. Bankaool, a small lender which currently holds some 0.1% of the country’s financial assets, has focused on its business-to-business …

Mexico’s Bankaool plans US stock market debut by 2026 Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, offering more evidence that the labor market was steadily cooling. The weekly jobless claims report from the Labor Department on Thursday, the most timely data on the …

US weekly jobless claims highest in more than eight months as labor market eases Read More »