(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said that while the recent drop in inflation and the gradual rebalancing of the labor market is “unequivocally” good news, more data will be needed to determine whether more policy tightening is necessary. “The thing that would be a problem is if we …
Fed’s Daly says she is not sure if need to hold rates, or go higher Read More »
MADRID (Reuters) -Spain’s gross domestic product grew 0.5% in the second quarter, its National Statistics Institute (INE) said on Friday, revising its previous estimate up from 0.4% growth and confirming a faster and stronger rebound from the COVID-19 pandemic. The Spanish Economy Ministry said in a statement that INE’s data showed Spain’s economy picked up …
Spanish GDP grew by faster than expected 0.5% in second quarter Read More »
BERLIN (Reuters) – German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a “deep” economic contraction in the quarter, a preliminary survey showed on Friday. The HCOB German Flash Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, rose to …
Shrinking German business activity points to Q3 contraction-PMI Read More »
PARIS (Reuters) – France’s dominant services sector contracted at an even sharper pace in September, a monthly survey showed on Friday, as falls in demand and new orders weighed on the euro zone’s second-biggest economy. The HCOB France flash purchasing managers index (PMI) for the services sector, compiled by S&P Global, fell to a 34-month …
France’s services sector contracts sharply in September – flash PMI Read More »
(Reuters) – Federal Reserve Chair Jerome Powell will host a town hall with educators on Sept. 28 that will also be webcast live, and he will take questions from the audience, the central bank said on Thursday. The chair has held similar town halls in past years. (Reporting by Ann Saphir; Editing by Leslie Adler)
By Suzanne McGee and Bansari Mayur Kamdar (Reuters) – Investors in exchange-traded funds (ETFs) flocked to the very short end of the U.S. Treasury yield curve on Thursday, as prices for most U.S. government bonds sank after the Federal Reserve projected a longer-than-expected period of high interest rates. The iShares 0-3 Month Treasury Bond ETF …
Investors head to short-term Treasury ETFs amid Fed-fueled selloff Read More »
By David Randall NEW YORK (Reuters) – The Federal Reserve’s expectations that the U.S. economy will continue to expand and necessitate additional interest rate hikes to combat inflation prompted HSBC to raise its year-end forecast for 10-year U.S. Treasury yields to 3.5% from 3%, strategists at the bank wrote in a note on Thursday. “At …
Fed hawkishness prompts HSBC to raise 10-year Treasury yield target Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to an eight-month low last week, pointing to persistent labor market tightness even as job growth is cooling. The report from the Labor Department on Thursday also showed unemployment rolls in early September were the smallest since January. …
US weekly jobless claims drop to eight-month low; labor market remains tight Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. Treasury’s planned buyback of its outstanding securities next year is aimed at improving liquidity in the bond market, but it is unlikely to ease periods of extreme financial stress, a senior official said on Thursday. In prepared remarks for the International Swaps and Derivatives Association conference …
Planned debt buybacks not meant for periods of market stress, US Treasury official says Read More »
LONDON (Reuters) – In a big day for central banks across Europe on Thursday, Switzerland shocked markets by leaving its interest rates unchanged, while Sweden and Norway met expectations with a quarter-point hike each. The Swiss National Bank held its key rate unchanged at 1.75%, against analyst expectations for a quarter-point increase, but said further …
Instant View: SNB leaves rates unchanged, Sweden and Norway hike again Read More »
