By Miguel Lo Bianco and Claudia Martini BUENOS AIRES (Reuters) -A week ago, 20 kilograms (44 pounds) of pasta was enough to feed the dozens of families who visit the Sal de la Tierra soup kitchen in Villa Fiorito, a poor Buenos Aires suburb beset by the economic crisis ravaging Argentina. But with monthly inflation …
By David Shepardson WASHINGTON (Reuters) – The White House said on Wednesday it was cutting in half the delay before executive branch officials can comment on leading economic data releases to 30 minutes. A 1985 directive has required the White House to wait an hour before commenting on employment numbers and data on gross domestic …
White House cuts delay before government comments on economic data Read More »
By John Kemp LONDON (Reuters) – Persistent price rises by U.S. service sector businesses have underscored the stickiness of inflation and pushed back expectations for interest rate reductions in 2024, jeopardising hopes for a successful soft landing. Traders now expect overnight interest rates to decline by 75 basis points before the end of the year, …
Column-Persistent US services inflation threatens soft landing: Kemp Read More »
By Lindsay Dunsmuir (Reuters) – The Federal Reserve’s path back to its 2% inflation target rate would still be on track even if price increases run a bit hotter-than-expected over the next few months, and the central bank should be wary of waiting too long before it cuts interest rates, Chicago Fed President Austan Goolsbee …
Fed still on track even if inflation’s path down is bumpy -Goolsbee Read More »
By Junko Fujita TOKYO (Reuters) – In a world first, Japan auctioned sovereign climate transition bonds on Wednesday although the bonds met with slightly weaker-than-expected demand. Climate transition bonds are a relatively new class of bonds which aim to fund shifts by companies, or in this case a government, to having a lesser impact on …
In Tokyo, world’s first sovereign transition bonds make their debut Read More »
By David Randall and Saqib Iqbal Ahmed (Reuters) – As Treasury yields march higher, some investors are betting a resilient U.S. economy and moderating inflation can shield stocks from their deleterious effects this time around. Rising yields are often viewed as a hindrance to stocks since they increase the allure of bonds compared to equities …
Analysis-Investors hope strong US economy can insulate stocks from yield surge Read More »
A look at the day ahead in European and global markets from Rae Wee Asian markets struggled on Wednesday as traders pared back expectations for Federal Reserve interest rate cuts later this year and what that would mean for central banks globally. The big shift in Fed expectations – first after a blowout U.S. jobs …
Marketmind: Rate cut rethink ripples across markets Read More »
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s top currency officials warned on Wednesday against what they described as rapid and speculative yen moves overnight when the Japanese currency broke past 150 yen, undermining the trade-reliant economy. The dollar rose to three-month peaks on late Tuesday after data showed U.S. inflation rose more than expected in January, …
Japan warns against rapid, speculative yen falls Read More »
By Niket Nishant (Reuters) -New York Community Bancorp shares fell nearly 4% after inflation data on Tuesday on investor worries that delays to interest-rate cuts could worsen the bank’s woes from its exposure to stressed U.S. commercial real estate (CRE) sector. Consumer price index (CPI) increased 0.3% in January compared to the 0.2% that economists …
NYCB shares drop as rate worries add to CRE exposure risk Read More »
(Reuters) – Invitation Homes missed Wall Street estimates for fourth-quarter adjusted funds from operation (AFFO) per share on Tuesday, as fixed expenses, including property tax, rose year-on-year. Fourth-quarter AFFO per share of 38 cents came in below analysts’ estimates of 44 cents per share, according to LSEG data. While the company has hiked rental rates …
Invitation Homes misses Q4 AFFO estimates as fixed expenses rise Read More »
