Reuters US Economy

By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank does not necessarily need to wait until inflation-adjusted wage growth turns positive before it ends ultra-loose monetary policy. “Real wages would likely have turned positive when a positive wage-inflation cycle kicks off,” Ueda said. “But in terms of …

BOJ Ueda signals chance of exit from easy policy before real wages rise Read More »

By Michael S. Derby NEW YORK (Reuters) – U.S. total household debt levels rose in the third quarter amid strong growth in credit card borrowings fueled by a hot economy, although there were mounting signs some borrowers are facing increased challenges managing the money they’ve borrowed, a report from the Federal Reserve Bank of New …

NY Fed: US Q3 credit card debt up on strong economy, as credit woes tick higher Read More »

By Ann Saphir (Reuters) – Dallas Federal Reserve Bank President Lorie Logan on Tuesday said she supported leaving the Fed’s policy rate on hold last week to assess if financial conditions are sufficiently tight to bring down inflation, while pointing to recent signs the fight was not yet won. Inflation remains too high, she said …

Fed’s Logan: watching if financial conditions tight enough Read More »

By Shankar Ramakrishnan (Reuters) – It’s fear and greed in the fixed-income markets once again as traders bet the Federal Reserve is done raising interest rates, but aren’t quite sure that it won’t still break the U.S. economy. Case in point is the market for low-rated companies. In recent days, as it started to appear …

Analysis-Investors turn risk-on for some junk debt but not all Read More »

By Joe Cash BEIJING (Reuters) -China’s imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the world’s second-largest economy facing persistent risks despite a recent improvement in domestic demand. The trade figures follow a run of mostly upbeat data that showed Beijing’s support measures …

China’s imports unexpectedly grow as demand makes cautious comeback Read More »

A look at the day ahead in European and global markets from Tom Westbrook: Bond markets have curbed a little of last week’s enthusiasm about a prospective peak in global interest rates, but still cheered a rate hike in Australia that looks to be the last of the cycle. The Aussie dollar fell more than …

Marketmind: Australia hikes but tempers its outlook Read More »

GUAYAQUIL, Ecuador (Reuters) – Ecuadorean President-elect Daniel Noboa selected Sariha Moya to be his new economy and finance minister on Monday, as the new government prepares to take office next month after the center-right leader won a close election victory in October. Noboa, 35, has pledged to rebuild the South American country’s ailing economy, create …

Ecuador’s incoming president picks new finance chief Read More »

By Aatreyee Dasgupta and Kannaki Deka (Reuters) -Vacation property operator Hilton Grand Vacations said on Monday it would buy peer Bluegreen Vacations in a $1.5 billion deal including debt, to attract younger customers for its timeshare properties and expand offerings. Under the deal terms, shareholders of Bluegreen Vacations will receive $75 in cash for each …

Hilton Grand to buy Bluegreen Vacations in $1.5 billion deal Read More »