By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank chief defended its use of the Maori language in official communications on Wednesday, as the country’s new centre-right government looks to roll back the use of the Indigenous language in the public sector. The three parties in the new coalition government last week signed agreements …
New Zealand’s central bank defends Maori language use Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank held the cash rate steady on Wednesday, but noted inflation remained too high and that further policy tightening might be needed if price pressures did not ease. The Reserve Bank of New Zealand (RBNZ) kept the official cash rate (OCR) at 5.5% as expected, but …
New Zealand keeps rates on hold but warns hikes may not be over Read More »
By Medha Singh, Chibuike Oguh and Hannah Lang (Reuters) -Shares of “buy now, pay later” provider Affirm Holdings extended a rally on Tuesday following a rating upgrade and data showing that more price-conscious shoppers turned to BNPL services to fund Cyber Monday purchases. Record sales of $12.4 billion on one of the country’s busiest shopping …
Affirm extends rally on Cyber Monday boost as BNPL lending surges Read More »
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York President John Williams said Tuesday longer-term inflation expectations have been encouragingly steady, and he welcomed declining inflation pressures. “The recent news about the long-run anchoring of inflation expectations in the United States is mostly reassuring: available measures of longer-run inflation expectations …
Fed’s Williams welcomes stability of longer-run inflation expectations Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence rose in November after three straight monthly declines, with Americans planning big-ticket purchases like motor vehicles and houses over the next six months even as they continued to fret over higher prices and interest rates. Despite the rebound in morale, which was driven by an improvement …
US consumer confidence rebounds, house prices maintain upward trend Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve policymakers look increasingly comfortable closing out the year with interest rates on hold and the clock ticking on the timing of the U.S. central bank’s first cut as they try to engineer a “soft landing” for the economy. “Inflation rates are moving along pretty much …
With Fed likely done hiking rates, Waller flags pivot ahead Read More »
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve policymakers look increasingly comfortable closing out the year with interest rates on hold and the clock ticking on the timing of the U.S. central bank’s first cut as they try to engineer a “soft landing” for the economy. “Inflation rates are moving along pretty much …
With Fed likely done hiking rates, Waller flags pivot ahead Read More »
A look at the day ahead in European and global markets from Ankur Banerjee Asian markets kept up their November rally and the dollar dipped to three-month low, but big-name fast-fashion company Shein stole the market spotlight with an IPO filing that will likely test investor appetite for new listings. Shein, known for its $10 …
Marketmind: China’s Shein steals market spotlight Read More »
By Clyde Russell LAUNCESTON, Australia (Reuters) – The spot price of gold has climbed to a six-month high, buoyed by hopes that monetary tightening in western countries is largely done and dusted. While signs that the U.S. Federal Reserve and other western central banks have finished increasing interest rates are a definite positive for the …
Column-Soft China and India may undermine gold’s rally hopes: Russell Read More »
By Arriana McLymore and Deborah Mary Sophia NEW YORK (Reuters) – A record amount of price-pinched holiday shoppers are expected to use buy now, pay later services for Cyber Monday to relieve stress on their wallets, according to Adobe Analytics. Shoppers are slated to spend between $12 billion and $12.4 billion online on Monday, with …
More US shoppers tack on buy now, pay later debt for Cyber Monday Read More »
