Reuters US Economy

Bank of Canada to focus more on risks, will try to be forward-looking, head says

17 Oct 2025

By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada will be putting more emphasis on potential risks when it decides what to do about interest rates later this month even as it tries to be more forward-looking, Governor Tiff Macklem said on Friday. “We will need to be humble about our forecasts, and …

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US Treasury seeks dealer guidance on QT, 20-year bond auction

17 Oct 2025

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. Treasury said on Friday it had asked dealers when they expected the Federal Reserve would end its long-running scheme to reduce the size of its bond holdings, widely known as quantitative tightening, or QT. The survey is part of the Treasury’s typical process ahead of its quarterly …

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US regional banks face more stress despite bigger reserves, Morningstar DBRS says

17 Oct 2025

By Tatiana Bautzer NEW YORK (Reuters) -U.S. regional banks are showing increasing signs of stress even after they stockpiled more money to absorb credit losses and sought out more stable deposits since the 2023 banking crisis, according to a Morningstar DBRS report published on Friday. Banks are likely to see more delinquencies and loan losses …

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IMF discussed Bolivian economy with candidates ahead of election runoff, official says

17 Oct 2025

(Reuters) -The International Monetary Fund has discussed Bolivia’s economy with the country’s presidential candidates ahead of a runoff vote this Sunday, an IMF official said on Friday. “We benefited from hearing their views on the challenges facing Bolivia and how they view the best way to restore stability and growth in the country,” said Nigel …

IMF discussed Bolivian economy with candidates ahead of election runoff, official says Read More »

Stable debt, policy coordination are key for Latam and Caribbean growth, IMF says

17 Oct 2025

By Rodrigo Campos (Reuters) -Latin America and the Caribbean face slower growth and lingering inflation pressures as the global economy adjusts to major policy shifts and persistent geopolitical tension, the International Monetary Fund said on Friday in its latest Regional Economic Outlook. The IMF said earlier this week it expects the region to grow 2.4% …

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Custodian bank State Street’s interest income disappoints, shares fall

17 Oct 2025

By Ateev Bhandari (Reuters) -State Street’s net interest income missed Wall Street estimates, sending the custodian bank’s shares down 5% on Friday, overshadowing the higher fees it reported in the third quarter. While the majority of a custodian bank’s fees is tied to the value of assets it holds and services, interest income is more …

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Italy overperforms on fiscal targets, entering virtuous cycle -IMF

17 Oct 2025

By Jan Strupczewski WASHINGTON (Reuters) -Italy has been outperforming on its deficit targets and is entering a virtuous cycle, but it still needs structural reforms for faster growth, the head of the International Monetary Fund’s European department Alfred Kammer said. Italy cut its budget deficit to 3.4% of GDP last year, from 8.9% in 2021, …

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France knows it must cut deficit and that calms markets, IMF says

17 Oct 2025

WASHINGTON (Reuters) -French politicians agree that public finances need to be shored up and this consensus keeps financial markets calm despite the political instability France has been experiencing since mid 2024, the head of the IMF’s European department Alfred Kammer said. Kammer said French fundamentals were sound, the country had no liquidity problems, French bond …

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ECB’s Lagarde emphasises central bank independence

17 Oct 2025

WASHINGTON (Reuters) -European Central Bank President Christine Lagarde on Friday emphasised the importance of keeping monetary authorities independent from politics. “While monetary policy stances are set to become more divergent, it is imperative that central banks have the independence to fully deliver on their mandates,” she told fellow policymakers on the International Monetary and Financial …

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