By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Tuesday that consumer price index data for January showed progress in the fight against inflation despite a surge in the cost of shelter that pushed up the index more than was forecast by economists. Yellen, speaking during an event at a Pittsburgh …
Yellen sees progress in US inflation fight despite hotter CPI data Read More »
By Timothy Aeppel (Reuters) – A surge of factory building fueled by Biden administration investments in “strategic sectors” such as clean energy and semiconductors has so far flowed disproportionately to U.S. counties with relatively distressed economies and notably has not tracked “Democratic geography.” Since 2021, a group of counties with relatively low employment rates for …
US factory boom disproportionately favors poorer counties, study shows Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose more than expected in January amid a surge in the cost of rental housing, but the pick-up in inflation did not change expectations the Federal Reserve will start cutting interest rates in the first half of this year. The increase in prices reported by the …
Rising rents push US inflation higher; rate cuts still expected in 2024 Read More »
By Ann Saphir (Reuters) -Federal Reserve policymakers waiting for more evidence of easing price pressures before they cut interest rates may find themselves waiting a bit longer, after a government report on Tuesday showed consumer inflation stayed elevated last month. The consumer price index was up 3.1% in January from a year earlier, down from …
Fed seen waiting longer to cut rates as inflation stays elevated Read More »
MADRID (Reuters) – The number of interest rate cuts in the euro zone will depend on inflation data, though prices seem to be moving in the right direction, European Central Bank chief economist Philip Lane said on Tuesday. The ECB has kept rates steady at a record high since September but slowing growth and easing …
Number of rate cuts will depend on inflation data, ECB’s Lane says Read More »
(Reuters) – The Financial Crimes Enforcement Network (FinCEN), a unit of the U.S. Treasury, proposed new regulations on Tuesday that would require investment advisers to help prevent money laundering and the financing of terrorism. The announcement comes a week after the agency proposed similar rules for the real estate sector, part of a wider effort …
US Treasury unit proposes anti-money laundering rules for fund advisers Read More »
By Julia Payne PARIS (Reuters) – Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of Fortescue Metals, said on Tuesday. Speaking at the 50th anniversary meeting of the International Energy Agency, Australian billionaire Forrest said the investment …
Carbon capture tech a ‘complete falsehood’, says Fortescue Metals chairman Read More »
By Scott Murdoch SYDNEY (Reuters) – South Korean companies have issued a record volume of dollar bonds so far this year, as they lock in funding to pay for overseas expansion plans and investors search for an alternative given the dearth of Chinese bond issuance. More than $15 billion worth of bonds have been issued …
S.Korea’s dollar bond deals rise to record $15 billion as firms lock in overseas funding Read More »
SEOUL (Reuters) – Bank of Korea board member Hwang Kun-il said on Tuesday the country’s real estate and household debt-related risks remain elevated, while inflation is far exceeding the central bank’s target. “Although there are positive signs of inflation slowdown and an exports-led economic recovery, inflation is far exceeding the target while real estate and …
Bank of Korea board member Hwang flags real estate, household debt risks Read More »
TORONTO (Reuters) – Ontario on Monday projected a smaller deficit for the current fiscal year than it previously expected due to increased revenue and lower borrowing costs, a third-quarter report from Canada’s most populous province showed. The province, one of the world’s biggest sub-sovereign borrowers, said it expected a deficit of C$4.5 billion for 2023-24, …
Ontario lowers 2023-24 deficit forecast on increased revenue Read More »
