(Reuters) – U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday. Fed officials had the survey results in hand last week when they decided to keep …
US banks report weaker loan demand, Fed survey says Read More »
By Carolina Mandl Beverly Hills (Reuters) – Ken Griffin, Citadel’s founder and chief executive, said on Monday that he is unsure when the Federal Reserve may be able to cut interest rates this year, but it may come in December. Speaking at the Milken conference, Griffin said two factors may make it more difficult for …
Citadel’s Griffin says Fed’s first rate cut may come in December Read More »
By Howard Schneider COLUMBIA, South Carolina (Reuters) -Finishing the battle against inflation will likely require a hit to demand, after a year in which U.S. price pressures cooled largely through improvements in the supply side of the economy with virtually no change in the unemployment rate, Richmond Federal Reserve President Thomas Barkin said on Monday. …
Fed’s Barkin: Ending inflation likely to require a hit to demand Read More »
By Michael S. Derby (Reuters) – Federal Reserve Bank of New York President John Williams said Monday that at some undefined point the U.S. central bank will lower its interest rate target. “Eventually we’ll have rate cuts” but for now monetary policy is in a “very good place,” Williams said in comments made before the …
Fed’s Williams says next Fed move likely to be lower rates Read More »
LONDON (Reuters) -Central banks in Australia, Britain and Sweden will meet this week, as markets assess how much leeway the U.S. Federal Reserve has to cut rates this year. Traders are on alert for Japanese currency intervention, while weighing up the effects of U.S. market turbulence. And the around-the-world election tour makes a pit-stop in …
(Reuters) – Activity across Russia’s services sector in April grew at its slowest rate in 15 months, a business survey showed on Monday, as the increase in new orders lost pace amid slackening demand. The S&P Global Purchasing Managers’ Index (PMI) for Russian services fell to 50.5 in April from 51.4 in March, staying above …
Russia’s services sector grows at slowest rate in 15 months, PMI shows Read More »
By Md Manzer Hussain (Reuters) – Stock markets in the Gulf ended higher on Sunday, led by the Qatar index, after slowing U.S. jobs growth in April raised hopes of early interest rate cuts by the U.S. Federal Reserve. The Labor Department’s employment report showed the U.S. economy added fewer jobs than expected, while the …
DUBAI (Reuters) – Saudi Arabia’s non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed on Sunday, with domestic demand driving output. The seasonally-adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index stood at 57.0 in April, the same as March, and well above the 50.0 …
Saudi Arabia’s non-oil business activity growth steady in April-PMI Read More »
By Fergal Smith (Reuters) – Canada’s services sector contracted at a slower pace in April as firms notched some unexpected sales and added workers, but increased wages led to inflation pressures heating up, S&P Global Canada services PMI data showed on Friday. The headline business activity index rose to 49.3 from 46.4 in March, posting …
Canada services PMI climbs to 10-month high in April Read More »
By David Randall NEW YORK (Reuters) – The prospect of interest rates remaining elevated as the Federal Reserve battles inflation is further clouding the outlook for shares of smaller U.S. companies, which have lagged broader markets this year. Small cap stocks surged at the end of 2023, as expectations grew that the Fed was done …
US small caps struggle as elevated interest rates take a toll Read More »
