Reuters US Economy

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank cut its benchmark interest rate by 10 points to 70%, the monetary authority said on Thursday, the third adjustment since libertarian President Javier Milei took office in December and targeted tamping down rampant inflation. The move, from the previous level of 80%, confirms a Reuters …

Argentina cuts interest rate to 70% citing ‘pronounced’ inflation slowdown Read More »

By Michael S. Derby and Howard Schneider NEW YORK/WASHINGTON (Reuters) -The ranks of Federal Reserve officials saying there is no rush to cut interest rates continue to grow, with still-too-hot-for-comfort U.S. inflation a rising concern at home and casting a shadow over expectations for policy easing abroad as well. “There’s no clear need to adjust …

Fed officials in no rush to cut rates as inflation worries rise Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. producer prices increased moderately in March as a rise in the cost of services was softened by a fall in goods prices, calming fears of a resurgence in inflation. The report from the Labor Department on Thursday led economists to anticipate milder increases in the inflation measures tracked …

Tame US producer price data soothes inflation concerns Read More »

By Sergio Goncalves LISBON (Reuters) – Portugal’s new minority government will approve tax cuts for the middle class worth 1.5 billion euros ($1.6 billion) next week in an effort to spur slowing growth and investment, Prime Minister Luis Montenegro said on Thursday. “(A) high and complex tax burden is an economic barrier that compresses wealth, …

Portugal to roll out $1.6 billion tax cut for middle class to boost economy Read More »

By Yoruk Bahceli and Naomi Rovnick (Reuters) – Traders’ bets on multiple ECB interest rate cuts this year have barely been shaken by hot U.S. inflation that slashed Federal Reserve easing expectations this week, highlighting a growing investor focus on the divergence between the two regions. The European Central Bank cemented that conviction on Thursday, …

Analysis-Traders bet the ECB will chart its own rate cut path Read More »

By Giselda Vagnoni (Reuters) – Europe’s export-oriented small businesses should be offered a single regulatory framework with the same rules governing their activities wherever they operate in the region, a report to be presented to national leaders next week will propose. The report is being drafted by Enrico Letta, a former Italian prime minister, to …

Europe’s SMEs need one set of rules, report to say Read More »

By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve is preparing in short order to slow the rate at which it sheds Treasury securities from its balance sheet, with policymakers generally favoring cutting the recent pace by roughly half in an effort to extend the process of shrinking holdings and reducing the risk of …

Fed looks to slice balance sheet runoff pace by half Read More »