By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee on Thursday said he believes last year’s improvements in the supply of goods and labor set the stage for further declines in U.S. inflation this year, a signal he remains on board for interest-rate cuts later this year. “Rates are pretty restrictive,” Goolsbee …
Fed’s Goolsbee: policy ‘restrictive,’ more disinflation likely Read More »
By Matteo Allievi and Jakub Olesiuk (Reuters) – Spanish real estate group Inmobiliaria Colonial on Thursday reported a net loss of 1.02 billion euros ($1.10 billion) for the full year 2023, brought about by a 9% drop in the value of its assets due to higher interest rates. The company had made a net profit …
Spain’s Colonial swings to $1.1 billion loss as property values drop Read More »
By Amina Niasse NEW YORK (Reuters) – U.S. mortgage rates rose for a fourth-straight week, Freddie Mac reported on Thursday, reaching a two-month high and again becoming a factor impeding traffic among rate-sensitive prospective home buyers. The average rate on a 30-year fixed-rate mortgage ticked up to 6.94% for the week ended Feb. 29 from …
US mortgage rates rise for a fourth-straight week, Freddie Mac says Read More »
By Andrea Shalal SAO PAULO (Reuters) -U.S. Treasury Secretary Janet Yellen met Argentina Economy Minister Luis Caputo on Thursday, welcoming what she called “important steps” by the Milei government to restore fiscal sustainability, adjust the exchange rate and fight inflation. “There is no doubt that this has been, and will continue to be, a difficult …
Yellen says Argentina moving toward fiscal sustainability Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Much of the debate around U.S. public finances centers on the assumption that structurally higher interest rates will push debt servicing costs to intolerable levels, risking a fiscal catastrophe that can only be averted through severe austerity. While borrowing costs and spending are justifiable sources of angst, this ignores …
‘Stronger for longer’ GDP could allay US fiscal fears: McGeever Read More »
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – The European Central Bank will continue putting a “floor” under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity they want, four sources told Reuters. The ECB is reviewing how it steers short-term interest rates …
Exclusive-ECB to keep floor under market rates but with eye on demand -sources Read More »
By Andrea Shalal, Christian Kraemer and Marcela Ayres SAO PAULO (Reuters) – Western powers butted heads over how to handle frozen Russian assets on Wednesday as G20 finance ministers kicked off a discussion of challenges for the global economy, trying to set aside deep geopolitical divisions. Brazilian officials hosting the two-day meeting in Sao Paulo …
Western powers tangle over Russian assets at G20 finance meeting Read More »
By David Lawder WASHINGTON (Reuters) – The World Bank Group said on Wednesday it would consolidate its loan and investment guarantee structure as part of its goal to triple its annual guarantees to $20 billion by 2030 to boost private renewable energy investments in developing countries. The reforms, announced on the sidelines of a G20 …
World Bank to streamline loan, investment guarantees with $20 billion annual goal Read More »
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve officials say they are confident housing inflation will finally cool in coming months, a key and long-awaited component of their effort to control overall price increases and secure their turn to interest rate cuts. The real challenge on that front, however, may be just over the …
Supply still matters: Why US housing inflation relief may be short-lived Read More »
By Michael S. Derby GARDEN CITY, N.Y. (Reuters) -New York Federal Reserve President John Williams said on Wednesday that even as there’s still some distance to cover in achieving the U.S. central bank’s 2% inflation target, the door is opening to interest rate cuts this year depending on how the data come in. “While the …
Fed’s Williams sees more work needed to get inflation back to 2% Read More »
