Reuters US Economy

By Julie Gordon OTTAWA (Reuters) – Solar-powered homes, electric tractors and hydrogen-cell trucking fleets: Canada has big net-zero ambitions, but getting there will require trillions of dollars in investment and will likely fuel hotter inflation for years to come, economists said. Over the last decade, Canadian business investment has sagged, running well below historic levels …

Canada’s shift to net-zero emissions likely to drive higher inflation Read More »

By John Kemp LONDON (Reuters) – U.S. consumer prices are rising at the fastest rate for decades, a sign that aggregate demand for goods and services from households and businesses is overwhelming the economy’s productive capacity. Prices for all goods and services increased at a compound rate of 4.2% per year over the two years …

Column-Escalating U.S. inflation forces macro policy rethink: Kemp Read More »

UNITED NATIONS (Reuters) – The global economy is projected to grow by 4% in 2022 – down from 5.5% last year – and expand 3.5% in 2023 amid new waves of COVID-19 infections, labor market challenges, supply-chain constraints and rising inflation, according to a U.N. report released on Thursday. The World Economic Situation and Prospects …

U.N. report projects global economy growth to slow in 2022, 2023 Read More »

By Anisha Sircar and Ambar Warrick (Reuters) -European stocks were muted on Thursday as losses in defensive sectors were matched by gains in automakers and technology stocks on hopes of improving semiconductor supply. The pan-European STOXX 600 ended largely unchanged at 486.05 points, with shares in healthcare, and personal and household goods falling the most, …

European stocks end flat as weak defensives outweigh tech, auto gains Read More »

By Mircely Guanipa and Marianna Parraga (Reuters) – Venezuela has ramped up shipments of gasoline and food to Cuba since November, providing key supplies to one of President Nicolas Maduro’s closest allies, according to documents from Venezuelan state-run oil company PDVSA and Refinitiv Eikon tanker tracking data. From late November through early January, PDVSA shipped …

Venezuela ramps up gasoline, food supply to Cuba -documents Read More »

By Benjamin Mejias and Marco Aquino LIMA (Reuters) – Peru’s sol currency, which plunged last year due to political risk, is bouncing back so far in 2022 and likely to keep strengthening, analysts and traders said, as interest rates rise and copper prices soar. The currency has risen more than 2% against the dollar this …

Analysis-Rising sol: Peru’s currency gains lift from rate hikes, trade winds Read More »

By Jamie McGeever ORLANDO, Fla. (Reuters) – The Federal Reserve has clearly ratcheted up its new year anti-inflation rhetoric to match red hot labor markets and consumer price gains – but the speed and breadth of its tone change may have as much to do with forcing money markets to take it more seriously. With …

Fed’s hawkish comms blitz takes aim at skeptical market: McGeever Read More »