Reuters US Economy

By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will start cutting interest rates in the second quarter of next year as inflation and the economy slow, according to economists polled by Reuters, who forecast base borrowing costs will drop by at least one percentage point by end-2024. BoC Governor Tiff Macklem said in …

BoC to cut rates starting in Q2 2024, house prices seen flat in 2024: Reuters poll Read More »

(Reuters) – German retail sales rose more than expected in October, increasing by 1.1% compared with the previous month, data showed on Thursday. Analysts polled by Reuters had predicted a 0.4% increase. The federal statistics office publishes more details on its website. (Reporting by Anastasiia Kozlova, Editing by Linda Pasquini)

By John O’Donnell and Francesco Canepa FRANKFURT (Reuters) – A debt crunch at Swedish property group SBB has left the European Central Bank at risk of losses and highlighted the 26 billion euro ($29 billion) exposure it built up to Europe’s now stricken real estate sector through its crisis-era bond buying. A Reuters analysis of …

ECB haunted by bond buys in Swedish property crisis Read More »

By Leika Kihara KOBE, Japan (Reuters) -Bank of Japan board member Toyoaki Nakamura said on Thursday the central bank must be cautious about phasing out its massive stimulus, playing down the chance of a near-term end to its negative interest rate policy. The BOJ must take time to gauge whether Japan’s companies and economic structure …

BOJ policymaker rules out near-term policy shift, calls for caution Read More »

By David Randall, Lewis Krauskopf and Carolina Mandl (Reuters) -Hopes that an economic soft landing will lead the Federal Reserve to pull back on interest rates have ignited Wall Street’s appetite for stocks, despite concerns of slowing growth and the potential of an inflationary rebound in 2024. The S&P 500 is up about 9% in …

Rate cut hopes buoy U.S. stocks ahead of uncertain 2024 Read More »

By Lewis Krauskopf NEW YORK (Reuters) – J.P. Morgan equity strategists on Wednesday issued a dour outlook for U.S. stocks for the year ahead, pointing to weak expected earnings growth, expensive valuations and high geopolitical risks. The bank projected a 2024 price target for the benchmark S&P 500 of 4,200, or about 8% below current …

JPMorgan strategists see ‘challenging’ backdrop for US stocks in 2024 Read More »

BERLIN (Reuters) -Germany faces a 17 billion euro($18.66 billion) gap in the 2024 budget after a court ruling this month plunged the country’s finances into chaos, German Finance Minister Christian Lindner said on Wednesday on German broadcaster ZDF. “For the 2024 budget, I am now assuming around 17 billion euros,” Lindner said. “As a comparison, …

Germany faces 17 billion euro gap in 2024 budget – Finance Minister Read More »

(Reuters) – U.S. economic activity slowed from early October through the middle of November, while businesses reported inflation largely moderated and it was easier to hire workers, the Federal Reserve said in a report on Wednesday, underscoring waning economic momentum into the tail end of the year. The U.S. central bank released its latest temperature …

US economic activity slowed in recent weeks, Fed survey shows Read More »

By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Wednesday that an easing of inflation pressures has given the U.S. central bank time to decide the next move in its monetary policy path. “While it is still above our 2 percent goal, there has been discernible progress on …

Current policy rate lets Fed be ‘nimble’ with incoming data, Mester says Read More »