By Carolina Mandl NEW YORK (Reuters) – Citadel’s hedge fund billionaire Kenneth Griffin told investors he expects the medium-term economic landscape will remain challenging, but more favorable for fixed-income markets in the U.S., as inflation eases, according to a letter seen by Reuters. “Economic growth is likely to be modest, staying below potential in the …
NEW YORK (Reuters) – The Federal Reserve Bank of New York said on Monday that underlying inflation pressures weakened in February. The bank said its Multivariate Core Trend Inflation gauge fell to 2.9% in February from 3% in January. The bank’s index, which seeks to divine the longer-run trend of price pressures, has been on …
NY Fed inflation gauge sees cooler price pressures in February Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. manufacturing grew for the first time in 1-1/2 years in March as production rebounded sharply and new orders increased, but employment at factories remained subdued amid “sizable layoff activity” and prices for inputs pushed higher. The survey from the Institute for Supply Management (ISM) on Monday suggested the sector, …
US manufacturing recovering; raw material prices pose challenge Read More »
JAKARTA (Reuters) – Indonesia’s inflation on a yearly basis accelerated more than expected in March to 3.05%, the quickest since August, 2023, data from the statistics bureau showed on Monday. A Reuters poll of economists had expected an inflation rate of 2.91% in March. The February annual inflation rate was 2.75%. On a monthly basis, …
Indonesia March inflation rate at highest in 7 months Read More »
By Steven Scheer JERUSALEM (Reuters) -The Bank of Israel on Sunday warned of economic damage if more ultra-Orthodox Jewish men do not join the country’s military, weighing in on a contentious issue that has caused a rift in Prime Minister Benjamin Netanyahu’s wartime government. In its 2023 annual report, the central bank said Israel’s war …
Israel central bank says ultra-Orthodox need to join military to help economy Read More »
By David Randall NEW YORK (Reuters) -After a stellar start to the year for stocks, investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June and turn their focus on the health of upcoming earnings. The S&P 500 …
Investors eye Fed rate cut, earnings as key to sustaining market rally Read More »
-Tupperware Brands on Friday warned it was not certain its business could continue as a going concern and faced a liquidity crunch due to slumping demand for its iconic food storage containers. Founded in 1946 by chemist Earl Tupper, the company’s popularity exploded in the 1950s as women of the post-war generation held “Tupperware parties” …
Iconic Tupperware flags doubts about ability to continue Read More »
By Lucia Mutikani WASHINGTON (Reuters) -U.S. prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly, keeping a June interest rate cut from the Federal Reserve on the table. The report from the Commerce Department on Friday also showed consumer spending rising by the most in just …
US monthly inflation slows; consumer spending surges Read More »
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell says the central bank is not growing more tolerant of higher inflation even though the latest policymaker projections raised the inflation outlook for the year without triggering a tougher monetary-policy response. But former Fed officials and other analysts see Powell nevertheless approaching a difficult …
Fed’s balancing act could see June rate cut in play even with sticky inflation Read More »
TOKYO (Reuters) – Japan’s Nikkei share average logged the biggest rise ever on an absolute basis for the fiscal year ended on Friday, rallying 12,328 points. The index hit successive record highs this quarter, after breaking levels on Feb. 22 that were last seen in 1989 during the nation’s bubble economy. The rally was supported …
Japan’s Nikkei posts biggest point gain on record for fiscal year Read More »
