Reuters US Economy

By Melanie Burton MELBOURNE (Reuters) – Australian mining moguls who have gatecrashed the country’s recent international lithium deals have pushed bankers into trying fresh measures to fend off interlopers unwilling to pay the full price for their target. Australia’s vast lithium deposits needed for batteries for electric vehicles and the energy transition are drawing interest …

Analysis-As Aussie magnates gatecrash lithium deals, bankers get creative Read More »

NEW YORK (Reuters) – U.S. bond giant Pacific Investment Management Company (PIMCO) said on Tuesday it favors bonds over other asset classes next year as it expects economic growth to have peaked and that inflation will slow down. “Given current valuations and an outlook for challenging economic growth and diminishing inflation, we believe bonds have …

PIMCO bullish on bonds next year as inflation slows down Read More »

By Ann Saphir (Reuters) -Cooling inflation will allow the Federal Reserve to forgo any more interest rate hikes and indeed to start cutting rates by May, traders bet on Tuesday, after a U.S. government report showed consumer prices for October were unchanged compared with the prior month. The report, which showed the consumer price index …

As inflation cools, Fed seen pivoting to rate cuts in May Read More »

By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) -A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. Both asset classes have ripped higher in November following a months-long wobble, …

Goldilocks hopes return to Wall St after benign inflation report Read More »

(Reuters) – U.S. inflation is cooling at what could prove to be its fastest pace in at least 40 years, if not longer, with only a limited rise in the unemployment rate, Chicago Federal Reserve President Austan Goolsbee said on Tuesday. Goolsbee, in remarks prepared for delivery to a Detroit Economic Club event, said that …

Fed’s Goolsbee sees inflation falling fast without jobless surge Read More »

By Ana Mano SAO PAULO (Reuters) -JBS SA, the Brazil-based meat behemoth, is braced for challenging times in its home market as well as in the United States, where beef margins are pressured and pork margins have yet to normalize, management said. On Monday, JBS reported a drop in profit and earnings before interest, tax, …

JBS facing headwinds in the U.S., NY listing plans pushed back Read More »

A look at the day ahead in European and global markets from Ankur Banerjee With investors’ focus squarely on U.S. inflation data, due later on Tuesday, markets have had a muted Asian session, although traders remain transfixed by the battered yen’s relentless march towards a three-decade low. European bourses too look set for a quiet …

Marketmind: Frail yen teeters as US CPI looms Read More »

By Leika Kihara and Takahiko Wada TOKYO (Reuters) – The Bank of Japan is expected to end its negative interest rate policy in April and keep raising short-term borrowing costs next year on heightening prospects of sustained wage growth, its former top economist Hideo Hayakawa said on Tuesday. With inflation already exceeding the BOJ’s 2% …

BOJ seen ending negative rates in April, keep hiking next year – ex-central bank economist Read More »

By David Lawder and Ann Saphir SAN FRANCISCO (Reuters) -U.S. Treasury Secretary Janet Yellen on Monday said negotiations on the trade section of the Indo-Pacific Economic Framework will need further work, a setback for the Biden administration which had hoped to announce substantial outcomes this week. Yellen told a news conference there has been “very …

Yellen: Indo-Pacific trade talks need ‘further work’ Read More »

By Ann Saphir and David Lawder SAN FRANCISCO (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday pushed back on Moody’s decision last week to cut its outlook on U.S. debt, saying the U.S. economy is strong and the Treasury market is both safe and liquid. “This is a decision I disagree with,” she said …

Yellen says she disagrees with Moody’s outlook on US debt Read More »