Reuters US Economy

NEW YORK (Reuters) – Federal Reserve officials will likely move sooner and faster when reducing the central bank’s nearly $9 trillion balance sheet than it has during previous tightening cycles, but no final decisions have been made, Fed Chair Jerome Powell said Tuesday. “The economy is in a completely different place than it was when …

Fed balance sheet drawdown coming, says Powell at confirmation hearing Read More »

NEW YORK (Reuters) – Federal Reserve officials will likely move sooner and faster when reducing the central bank’s nearly $9 trillion balance sheet than it has during previous tightening cycles, but no final decisions have been made, Fed Chair Jerome Powell said Tuesday. “The economy is in a completely different place than it was when …

Fed’s Powell: We will reduce balance sheet sooner and faster than last time Read More »

By Marc Frank HAVANA (Reuters) – The Central American Bank for Economic Integration said it would give Cuba a loan of 46.7 million euros ($53.1 million) to help bolster the communist-run country’s COVID-19 vaccine program as it seeks to ramp up production for both domestic use and export. The fresh funds will underwrite the production …

Central American bank funds Cuban COVID-19 vaccine drive Read More »

By David Lawder and Andrea Shalal WASHINGTON (Reuters) – World Bank President David Malpass said on Tuesday that central banks should reduce long-term bond holdings rather than shrinking short-term assets, as this would free up more bank capital for small business loans and could help tame inflation. Malpass told a news conference that the central …

World Bank chief calls on central banks to cut long-term bond holdings Read More »

BEIRUT (Reuters) – Lebanon’s currency has lost more than 15% of its value since the start of the year, piling further pressure on the population more than two years into a crisis that has plunged many into poverty and fuelled demonstrations. Protesters took to the streets in several areas of the country on Monday night, …

Lebanon’s currency plummets again amid financial crisis and political deadlock Read More »

TUNIS (Reuters) – Tunisia’s balance of trade deficit widened to 16.2 billion dinars ($5.65 billion) in 2021 against a deficit of 12.8 billion dinars in 2020 due to higher imports from China and Turkey, the state Institute of Statistics said. The deficit has been one of the main problems facing Tunisia as it grapples with …

Tunisia’s balance of trade deficit widens to 16.2 billion dinars in 2021 Read More »