CAIRO (Reuters) – Egypt’s annual urban consumer price inflation rate dropped to 35.8% in October from a record high of 38.0% in September, data from the country’s statistics agency CAPMAS showed on Saturday, coming in lower than analysts had expected. The median forecast of 19 analysts polled by Reuters had shown inflation slipping to 37.1%. …
Egypt’s headline inflation eases to 35.8% in October Read More »
LIMA (Reuters) -Peru’s economy may have shrunk for a third straight quarter from July to September, the central bank’s chief economist said on Friday, as the Andean nation struggles to claw its way out of a recession. The world’s No. 2 copper producer slid into a technical recession earlier this year after two quarters of …
Peru central bank signals possible third straight quarter of GDP contraction Read More »
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s consumer prices likely rose by less than double digits in October, a Reuters poll showed on Friday, slowing down after hitting a three-decade high in September. The poll, which surveyed 19 analysts, showed consumer prices increasing by 9.9% in the month, slowing from the 12.4% rise in …
Argentina retail prices seen slipping under double digits in October Read More »
By Dan Burns (Reuters) -U.S. consumer sentiment fell for a fourth straight month in November and households’ expectations for inflation rose again, with their medium-term outlook for price pressures shooting to the highest level in more than a dozen years, a survey showed on Friday. The University of Michigan’s preliminary reading of its Consumer Sentiment …
US consumer sentiment drops again in November, inflation expectations rise Read More »
By Tommy Wilkes and Isla Binnie LONDON/NEW YORK (Reuters) – Corporate loans whose costs are linked to environmental, social and governance (ESG) goals are being redesigned by banks in response to rising regulatory pressure and to inject more credibility into a market they hope to grow. Sustainability-linked loans (SLL), which were first used in 2017, …
Loans linked to ESG face overhaul by under-pressure banks Read More »
By Davide Barbuscia and David Randall (Reuters) – A hawkish lean from Federal Reserve Chair Jerome Powell chilled a recent rebound in stocks and bonds, with some investors suggesting the central bank was pushing back against loosening financial conditions. Speaking at an International Monetary Fund conference on Thursday, Powell said the Fed would “not hesitate” …
(Reuters) – Federal Reserve Chair Jerome Powell on Thursday said that while the Fed is “not going to ignore” a significant tightening in financial conditions from higher bond yields, there is no “direct line” from there to a monetary policy response. The Fed does not want to overtighten policy, Powell said at an International Monetary …
Fed’s Powell: biggest mistake would be to fail to control inflation Read More »
By Michael S. Derby NEW YORK (Reuters) -The Federal Reserve’s efforts to drain liquidity from the financial system have finally pushed inflows into a critical central bank tool below the $1 trillion mark for the first time since late summer 2021. Cash from money market funds and other eligible firms flowing into the Fed’s reverse …
Fed reverse repos fall under $1 trillion for first time since August 2021 Read More »
FRANKFURT (Reuters) – The European Central Bank’s balance sheet needs to be much smaller but cannot shrink back to levels seen in its early years, ECB chief economist Philip Lane said on Thursday, just as policymakers are discussing a new operational framework. The ECB promised to devise by next week a new operational framework for …
FRANKFURT (Reuters) – It is premature to discuss European Central Bank rate cuts as there are still some risks to the inflation outlook, particularly for underlying prices, ECB Vice President Luis de Guindos said in a newspaper interview. Energy price increase, the weakening of the euro and rising unit labour costs are all potential threats …
ECB still sees inflation risks so rate cut talk too early – vice president Read More »
