By Mike Dolan LONDON (Reuters) – Markets appear to have batted away next month’s Federal Reserve gathering as a paused ‘also ran’ meeting in favor of second-guessing about a November rate hike – but next month may hold the key to finally unlocking the end of the tightening cycle. Fed Chair Jerome Powell was almost …
Column-September sees Fed dot plot thicken :Mike Dolan Read More »
By Yoruk Bahceli (Reuters) – A big selloff that pushed U.S. borrowing costs to 15-year highs left euro zone bonds relatively unscathed in August, reflecting investor bets the bloc’s economic growth and funding needs will increasingly lag those in the United States. A resilient U.S. economy and rising borrowing needs pushed Treasury yields to their …
Analysis-Europe’s weaker economy limits fallout of US bond rout Read More »
BRASILIA (Reuters) – South American trade bloc Mercosur will have its counterproposal to a European Union addendum to their long-overdue trade accord ready in September, Brazil’s Foreign Minister Mauro Vieira said on Tuesday. Vieira told the country’s farm state caucus in Congress that Mercosur’s counterproposal to the EU’s so-called side letter had been delayed by …
Mercosur reply on EU trade to be ready in September, Brazil minister tells farm caucus Read More »
By Shristi Achar A and Noel Randewich (Reuters) – Wall Street ended sharply higher on Tuesday, lifted by Tesla, Nvidia and other megacap growth stocks after a drop in monthly job openings cemented expectations of a pause in interest rate hikes by the U.S. Federal Reserve. The S&P 500 logged its strongest one-day gain since …
S&P 500 ends sharply higher, jobs data fuels interest rate optimism Read More »
By Pete Schroeder WASHINGTON (Reuters) -Large regional banks would have to issue roughly $70 billion in fresh debt under a new rule proposed Tuesday by U.S. banking regulators, part of a broader effort to bolster the resilience of the sector after three lenders failed earlier this year. The proposal – issued by the Federal Deposit …
U.S. banks to raise $70 billion in debt under draft rules aimed at mitigating failures Read More »
By Chris Taylor NEW YORK (Reuters) – At what age should American kids become financially independent? The harsh reality of a complex modern economy makes it hard to figure out. “No doubt it is more expensive than ever to be a young adult,” says Ted Rossman, senior industry analyst at financial information site Bankrate. “Household …
At what age should kids become financially independent? Read More »
By Howard Schneider WASHINGTON (Reuters) – Key U.S. jobs data began approaching pre-pandemic levels in July, a sign of the sort of employment market cooling Federal Reserve officials hope can lower inflation without a sharp rise in the unemployment rate. The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) showed 2.3% of nonfarm payroll …
Key US jobs data boost Fed’s ‘soft-landing’ hopes Read More »
By Divya Chowdhury and Lisa Pauline Mattackal (Reuters) – The U.S. Federal Reserve is unlikely to provide clear signals on whether it will pause interest rate hikes or consider cutting rates, barring severe economic weakness or disinflation, former central bankers said on Tuesday. Fed Chair Jerome Powell signaled that further interest rate increases were still …
Fed to keep markets guessing on rate pauses and cuts -former policymakers Read More »
By Marco Aquino LIMA (Reuters) – Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier this year. The South American country’s economy is expected to grow 1.1% this year, the economy ministry said in Peru’s official gazette. That is down …
Peru slashes growth outlook amid falling copper investment Read More »
By Amina Niasse NEW YORK (Reuters) -U.S. housing prices showed further signs of stabilizing in June, according to two reports out Tuesday that signaled the lengthy run of softening sales prices may be bottoming out. Home purchase prices increased by 3.1% year-over-year in June, compared with a 2.9% rise in May, marking the first pick-up …
US home prices show signs of stabilizing, reports show Read More »
