By Jamie McGeever ORLANDO, Florida (Reuters) -Any hope of sustaining U.S. fiscal accounts at such stretched levels and keeping the fragile bond market equilibrium intact may have to hinge on avoiding any recession at all – a cycle-busting scenario that seems far-fetched to many. What’s more, if the benign “soft landing” or “no landing” economic …
Fragile Treasuries relying on rare macro serenity: McGeever Read More »
By Mike Dolan LONDON (Reuters) – If worries about sterling were a factor preventing the Bank of England cutting interest rates too far ahead of the U.S. Federal Reserve, then Japan’s dollar-selling intervention may, weirdly, help keep its options open. Britain’s central bank announces its latest policy decision on Thursday. While its unlikely to change …
Japan’s helping hand with BoE June rate cut window Read More »
By Howard Schneider WASHINGTON (Reuters) -Inflation lodged above the U.S. Federal Reserve’s 2% target could leave policymakers saddled with the difficult choice in coming months of how much risk to take with economic growth and the job market for what may only be modest further improvements in the pace of price increases. Inflation has been …
Inflation “settling” high could pose new risks for the Fed, economy Read More »
(Reuters) – Stalled inflation buoyed in part by housing market strength means the Federal Reserve will need to hold borrowing costs steady for an “extended period,” and possibly all year, Minneapolis Federal Reserve President Neel Kashkari said on Tuesday. “I would need to see multiple positive inflation readings suggesting that the disinflation process is on …
Fed may need to hold rates steady all year, Kashkari says Read More »
By Rachel More (Reuters) -German exports rebounded in March, buoyed by strong U.S. and Chinese demand for German-made goods, but a disappointing month for industrial orders dashed hopes for a swift economic recovery. Germany exported 0.9% more goods in March compared to the previous month, the federal statistics office said on Tuesday, stronger than the …
German exports rebound in March but industrial orders disappoint Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank chief said on Tuesday interest rates were at the right level after holding steady for a sixth month, but cautioned that inflation risks were on the upside in a sign policy was unlikely to be eased anytime soon. Wrapping up its two-day May policy …
Australia’s RBA sees no need to hike rates but wary of price risks Read More »
(Reuters) – German industrial orders fell in March by 0.4% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said on Tuesday. A Reuters poll of analysts had pointed to a rise of 0.4%. The statistics office publishes more economic data on its website. (Reporting by Ozan Ergenay)
(Reuters) – Banking and payments processing conglomerate Fidelity National Information Services raised its forecast for annual adjusted profit and posted a 49% jump in its first-quarter profit on Monday, helped by resilient consumer spending. WHY IT IS IMPORTANT Payment processors such as FIS collect transaction fees from financial institutions and businesses that are strongly correlated …
FIS raises annual profit forecast on strong consumer spending Read More »
(Reuters) – Realty Income topped Wall Street expectations for quarterly revenue on Monday, as the company benefited from higher occupancy and increased rental revenue from its properties. The real estate investment trust, which has more than 15,450 properties across the United States and Europe, leases its locations to clients in a variety of industries including …
Realty Income tops revenue estimates on higher rent growth Read More »
WASHINGTON (Reuters) – Trust funds supporting Social Security and Medicare benefits for U.S. seniors are showing some improvement due to stronger-than-forecast economic growth, productivity and immigration that is boosting revenue collections, according to trustees’ reports released by the U.S. Treasury on Monday. The Medicare Hospital Insurance Trust Fund’s reserves are now expected to be depleted …
US Social Security, Medicare finances get slight boost from stronger economy Read More »
