Reuters US Economy

(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation. The topsy-turvy economic environment of the coronavirus pandemic sidelined those differences, …

Fed hawks, doves, and centrists: How US central bankers’ views are changing Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. manufacturing remained subdued in November, with factory employment declining further as hiring slowed and layoffs increased, more evidence that the economy was losing momentum after robust growth last quarter. The survey from the Institute for Supply Management (ISM) on Friday followed on the heels of data on Thursday …

US manufacturing mired in weakness, economy heading for slowdown Read More »

By Howard Schneider ATLANTA (Reuters) -The risks of the Federal Reserve slowing the economy more than necessary have become “more balanced” with those of not moving interest rates high enough to control inflation, Fed Chair Jerome Powell said on Friday, reaffirming the U.S. central bank’s intent to be cautious but also offering fresh optimism on …

Powell says Fed to move ‘carefully’ on interest rates, ‘soft landing’ taking shape Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – Even as traders bring forward the expected timing of the Federal Reserve’s first interest rate cut, the gap since the U.S. central bank’s last hike will probably be one of the longest on record. Lengthy periods of economic and policy stability are surely preferable to the Fed regularly …

Column-Fed policy pivots are taking longer: McGeever Read More »

By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy added more jobs than expected in November while the jobless rate ticked slightly higher, data showed on Friday, a result that is in line with the central bank leaving interest rates unchanged next week. Canada added a net 24,900 jobs in November, more than …

Canada adds jobs but not enough to change expectations for hold on rates Read More »

By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector contracted for a seventh straight month in November as global industrial weakness weighed on output and new orders, and despite an increase in hiring, data showed on Friday. The S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) fell to a seasonally adjusted 47.7 in November from …

Canadian factory downturn deepens as new orders hit 15-month low Read More »

By Mike Dolan LONDON (Reuters) – Even allowing for China’s messy cyclical ebb and flow and global political tensions of the day, the exit of long-term foreign capital from the world’s second-biggest economy is startling. China’s spluttering post-Covid recovery this year and the depth of its unfolding property bust has reasonably seen a dramatic underperformance …

Column-Global pension funds now balking at China: Mike Dolan Read More »

(Reuters) – Activity in Russia’s manufacturing sector grew at the same pace in November as in October, even as new export orders contracted for the first time since July, a business survey showed on Friday. The S&P Global Purchasing Managers’ Index (PMI) for manufacturing remained at 53.8 in November, the same level as in October …

Russian factory growth steadies as new export orders drop -PMI Read More »

By Marc Jones LONDON (Reuters) -The world’s top multilateral development banks are set to launch a global “task force” at the COP28 climate summit in the coming days to scale up the number and size of ‘debt-for-nature’ swaps that countries can do. Debt-for-nature swaps, where a developing country’s debt is cut in return for protecting …

Exclusive-Top development banks to launch debt-for-nature swap ‘task force’ Read More »