Reuters US Economy

By Jamie McGeever ORLANDO, Florida (Reuters) – The U.S. high yield bond market is the dog that has rarely barked, never mind bitten, during the Federal Reserve’s most aggressive interest rate-raising campaign in 40 years. The economy’s remarkable resilience to that monetary tightening, and cooling inflation, are the obvious explanations why spreads have remained well …

Column-High yield bond market may hold less junk than before: McGeever Read More »

By Michael S. Derby NEW YORK (Reuters) – The three newest Federal Reserve governors, including Vice Chair Philip Jefferson, have told a U.S. senator it’s unclear how much further the central bank’s balance sheet wind-down process will run, but said it is likely the process faces no imminent end. “The size of our balance sheet …

Exclusive-Three Fed governors tell US senator there is room to reduce balance sheet Read More »

By Amina Niasse NEW YORK (Reuters) -U.S. mortgage rates fell for the third-straight week this week to the lowest since late September, signaling falling yields in the Treasury market that largely determine home borrowing costs may be boosting housing market affordability. The average rate on 30-year fixed-rate mortgages dipped to 7.44% from 7.50% the week …

Mortgage rates fall for a third week – Freddie Mac Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased to a three-month high last week, suggesting that the labor market was gradually cooling in another boost to the Federal Reserve’s fight against inflation. The weekly jobless claims report from the Labor Department on Thursday, the most timely …

US labor market loosening as weekly jobless claims hit three-month high Read More »

By Rodrigo Campos NEW YORK (Reuters) – Global investors expect a large amount of financial pain out of Argentina no matter who voters pick on Sunday as their next president, with social unrest as top of mind as a much-needed fiscal adjustment will likely trigger even more inflation. Economy minister Sergio Massa and populist outsider …

Analysis-Argentina investors brace for financial pain no matter who wins presidency Read More »

By Maria Martinez and Riham Alkousaa BERLIN (Reuters) – On Berlin’s broad avenues, posters put up by desperate would-be tenants seeking accommodation have become a common sight. Home viewings draw long lines of hopefuls, despite rent rises that have far outstripped salaries in recent years. The German capital, where cheap and abundant apartments were a …

Berlin’s renters face more misery as housing crisis deepens Read More »

A look at the day ahead in European and global markets from Vidya Ranganathan. Thursday’s corporate calendar features a host of earnings reports that will shine further light on the health of the global consumer, as U.S. retailers Walmart, Bath & Body Works and Macy’s report earnings. Expectations for Walmart ride high after peer Target …

Marketmind: Consumers in focus as Walmart reports Read More »

BEIJING (Reuters) – China’s state planner will step up efforts to attract foreign investment and improve consumption among low and mid-level income groups, a National Development and Reform Commission spokesperson said on Thursday. The world’s second-largest economy has struggled to mount a strong recovery after COVID as distress in the housing market, local government debt …

China to step up efforts to attract FDI, boost consumption – state planner Read More »