Reuters US Economy

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services, but slowing monthly inflation rates cemented expectations that the Federal Reserve would keep interest rates unchanged next month. The report from the Commerce Department on Thursday, together with other data …

US consumer spending accelerates; declining savings a red flag Read More »

By Mark Miller (Reuters) – An important Biden administration effort to control the soaring cost of prescription drugs made headlines this week – but drug costs are just one part of a growing struggle faced by U.S. seniors in meeting their healthcare costs. Medicare officials this week unveiled the first list of drugs that will …

Column-US Medicare drug negotiations a good start on bringing down healthcare costs Read More »

PARIS (Reuters) -French inflation accelerated more than expected in August as a new fall in food inflation was more than offset by higher energy prices, preliminary EU-harmonised official data showed on Thursday. French consumer prices reached a 12-month inflation rate of 5.7%, up from 5.1% in July, the INSEE stats agency said. A Reuters poll …

French August inflation higher than expected, fuelled by energy Read More »

By Brendan O’Boyle MEXICO CITY (Reuters) – Mexico’s central bank raised its economic growth forecasts for 2023 and 2024, citing the Latin American economy’s resiliency, but remained firm that a cut to the country’s record high interest rate was not likely any time soon. Banxico, as Mexico’s central bank is known, raised its 2023 growth …

Mexico central bank lauds economy’s resiliency but rate cut discussion ‘not on the table’ Read More »

A look at the day ahead in European and global markets from Brigid Riley A slew of economic data is set to roll out on Thursday, including preliminary euro zone CPI numbers and U.S. personal consumption data, with markets hankering for further inflation relief as central bank policy meetings march closer into view. Reports on …

Marketmind: Markets brace for EU, US inflation data blitz Read More »

By Joe Cash BEIJING (Reuters) -China’s manufacturing activity contracted for a fifth straight month in August, an official survey showed on Thursday, maintaining pressure on officials to provide support to shore up economic growth amid soft demand both at home and abroad. On the brighter side, new orders reverted to expansion for the first time …

China’s factory activity shrinks for 5th month, maintains pressure for policy support Read More »