Reuters US Economy

(Reuters) -New York Federal Reserve President John Williams sees the U.S. central bank on track to cut interest rates “later this year,” despite stronger-than-expected inflation and labor market data in January, according to an interview with Axios. “My overall view of the economy basically hasn’t changed based on one month of data,” Williams said in an …

Fed’s Williams says rate cuts likely to happen ‘later this year’ Read More »

OTTAWA, Feb 23 (Reuters) – Canada recorded a sharply higher C$23.61 billion ($17.51 billion) budget deficit for the first nine months of the 2023/24 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday. By comparison, the deficit in the same period a year earlier had been just C$5.54 billion, …

Canada budget deficit over first nine months of 2023/24 jumps to C$23.61 billion Read More »

By Mike Dolan LONDON (Reuters) – Record peaks, pricey valuations, narrow markets, frenzied tech bandwagons and even punchy alternatives in bonds – all surely gnaw at U.S. household savers to lighten up on stocks.  Yet, not a bit of it. In a sort of strange long-term momentum play, U.S. households lucky enough to have substantial …

Column-Everlasting love? US savers seem wedded to stocks: Mike Dolan Read More »

By Gergely Szakacs and Karol Badohal BUDAPEST/WARSAW (Reuters) – When a $500 Electrolux oven briefly went on sale for 1% of its list price in Hungary last week, within hours shoppers flooded the online store with thousands of orders. But what looked like the bargain of the century turned out to be a technical glitch …

Analysis-Central Europe’s shoppers still shell-shocked even as inflation ebbs Read More »

By Xinghui Kok SINGAPORE (Reuters) – Singapore’s key inflation rate rose at a slower pace than markets had expected last month, official data showed on Friday, opening the door for the central bank to potentially start easing monetary policy settings sooner than many anticipate. The core inflation rate – which excludes private road transport and …

Faster cooling in Singapore’s inflation puts focus on monetary outlook Read More »

A look at the day ahead in European and global markets from Ankur Banerjee Investors head to the weekend holding on to their risk-on hats as bourses across the world swell to all-time highs after AI darling Nvidia’s blockbuster earnings revived a fiery rally in tech shares that may still rage on. They will have …

Marketmind: Tech stocks can’t stop, won’t stop Read More »

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve Vice Chair Philip Jefferson said on Thursday he will be looking across a broad set of economic indicators to convince him it is time to cut interest rates, but gave no indication when that first cut might come. “I’m not just looking at one indicator to indicate whether …

Fed’s Jefferson sees progress on inflation, says rate cuts linked to broad set of data Read More »