Reuters US Economy

By Orathai Sriring and Chayut Setboonsarng BANGKOK (Reuters) -Thailand’s central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties. The Bank of Thailand’s (BOT) monetary policy committee voted to hike the one-day repurchase rate by 25 basis points (bps) to …

Thai central bank unexpectedly raises key rate, cuts growth outlook for this year Read More »

FRANKFURT (Reuters) – Economic growth in the euro zone is more sluggish than the European Central Bank expected but the goal is to control inflation, so interest rates could still go higher, if needed, ECB board member Frank Elderson said. “Does that mean policy rates have peaked? Not necessarily,” Elderson told Market News International in …

ECB not necessarily done with rate hikes: Elderson Read More »

By Lewis Krauskopf, Ankika Biswas and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended down over 1% on Tuesday as 10-year Treasury yields held their multi-year highs, with investors still wrestling with prospects for a long period of high interest rates and the economic fallout. The Dow posted its biggest one-day percentage drop since …

Wall St pounded as investors grapple with higher rates Read More »

By Laura Matthews NEW YORK (Reuters) – A U.S. regulatory change to stock market transactions has financial infrastructure system CLS exploring delaying settlement instructions for foreign exchange trades, a move requested by foreign asset managers who use currency trades to fund their U.S. securities transactions. These investors face the prospect of more FX settlement failures …

FX settlement system CLS may tweak deadline to avoid US equity market rule disruption Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, though households remained generally upbeat about the labor market. The second straight monthly decline in confidence reported by the Conference Board on Tuesday also reflected …

US consumer confidence dives to four-month low; home sales tumble Read More »

BERLIN (Reuters) – Germany’s economy will grow more slowly than previously expected next year due to a lack of positive momentum towards the end of this year, the IMK institute said in its forecast on Tuesday. The experts at the trade unions-affiliated institute predicted 0.7% growth for Europe’s largest economy in 2024, significantly more pessimistic …

Lack of momentum to weigh on German economic growth in 2024 – IMK institute Read More »

(Reuters) -Sentiment among German exporters worsened further in September, falling to its lowest point since May 2020, according to a survey by the Ifo economic institute released on Tuesday. In its fifth consecutive month of decline, the institute’s export expectations indicator fell to minus 11.3 points in September, from minus 6.5 points in August. “Germany’s …

German export sentiment drops to three-year low – Ifo Read More »

By Richa Naidu and Helen Reid LONDON (Reuters) – French consumers are buying fewer personal hygiene and household products, sacrificing tampons and laundry detergent as prices of products made by big brands like P&G and Unilever surge, data compiled for Reuters shows. The shift in shoppers’ habits could create a new battleground for retailers, politicians …

French shoppers buy fewer tampons, less detergent as prices surge Read More »

(Reuters) – The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation. The topsy-turvy economic environment of the coronavirus pandemic sidelined those differences, …

Fed doves, Fed hawks: US central bankers in their words Read More »