Reuters US Economy

By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended just slightly lower after bouncing off session lows on Thursday as investors awaited Friday’s monthly jobs report and further possible clues on the outlook for interest rates. U.S. data on initial claims for state unemployment benefits pointed to still-resilient labor market conditions, a day after …

Wall St ends down slightly; investors await Friday’s payrolls Read More »

By Davide Barbuscia NEW YORK (Reuters) – A wild week in Treasury markets is set to culminate with the U.S. payrolls report on Friday, and some investors believe benign data could bring calm after a selloff pushed government bonds to pre-financial crisis levels. Bond yields, which move inversely to prices, have surged due to expectations …

US jobs report stands as next catalyst for Treasury market gyrations Read More »

By Ann Saphir (Reuters) -Federal Reserve officials on Thursday indicated little concern that the recent rise in U.S. Treasury yields could imperil a “soft landing” for the economy, and said it could actually help the central bank in its fight against inflation. The Fed held its benchmark overnight interest rate steady in the 5.25%-5.50% range …

Fed officials largely sanguine about rise in US bond yields Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – A selloff in U.S. government bonds is jolting everything from stocks to the real estate market, as investors recalibrate their portfolios amid a surge in Treasury yields to their highest levels in more than a decade and a half. Yields on the benchmark 10-year US Treasury, which …

Soaring Treasury yields ignite turbulence throughout markets Read More »

OTTAWA (Reuters) – The Canadian government, under political pressure to tackle high inflation, said on Thursday the country’s five major grocery chains had made an initial commitment to help stabilise food prices. Innovation Minister Francois-Philippe Champagne said Canadians would soon see discounts on a number of food products, as well as price freezes and price-matching …

Canada’s grocery chains pledge to help cut food prices, govt says Read More »

(Refiles to fix spelling of bloc in paragraph 3) By Yoruk Bahceli (Reuters) – Futures contracts tied to bonds issued by the European Union look increasingly likely to be launched next year as the bloc’s outstanding debt grows, an EU official said on Thursday, a step that would significantly boost trading in these securities. The …

EU bond futures launch looks likely in 2024 – EU official Read More »

By Andrea Shalal (Reuters) – Stronger demand for services and progress on lowering inflation have increased the chances that the global economy can escape recession, but fiscal and financial risks abound, IMF chief Kristalina Georgieva said on Thursday. Georgieva, setting the stage for next week’s annual meetings of the International Monetary Fund and World Bank, …

IMF chief Georgieva: soft landing possible, but fiscal, debt risks abound Read More »