Reuters US Economy

By Safiyah Riddle (Reuters) – More than half of U.S. small business owners believe the economy is already in a recession, marking a slight decrease between July and April, despite most firms reporting their own financial condition was strong, a survey released on Monday showed. The survey conducted in July from the National Federation of …

Majority of small businesses believe US is in recession Read More »

By Lewis Krauskopf NEW YORK (Reuters) – The U.S. government looks “more likely than not” to shut down later this year due to political differences on spending that could temporarily hit economic growth, Goldman Sachs analysts said in a research note. The Goldman economics analysts said prior shutdowns – which occur if Congress fails to …

Goldman sees US shutdown over spending ‘more likely than not’ Read More »

SYDNEY (Reuters) – The Australian federal government will have to spend about half its total budget on health, aged care, defence, disability support and debt repayments by 2063 up from about a third now, official forecasts showed on Monday. The government’s “Intergenerational Report 2023” will forecast the total spend on the five categories could rise …

Australia sees sharp jump in spending on care over next 40 years Read More »

ANKARA (Reuters) -Turkey’s central bank began rolling back on Sunday a growing and costly scheme that protects lira deposits from FX depreciation, marking another move toward more orthodox policies following a shift toward interest rate hikes. The central bank said in the early hours on Sunday that it lifted targets applied to banks for certain …

Turkey begins rolling back costly FX-protected deposits Read More »

BUENOS AIRES (Reuters) – Argentina’s government announced on Friday a price agreement for supermarkets to limit monthly increases to a maximum of 5% for 90 days as the country tries to tamp down triple-digit inflation as a high-stakes election looms. Economy Minister Sergio Massa made the announcement after a meeting with supermarket representatives, noting that …

Argentina sets grocery price controls for 90 days to tame inflation Read More »

By Howard Schneider WASHINGTON (Reuters) – Rising Treasury bond yields and home mortgage rates may reduce support at the U.S. Federal Reserve for additional interest rate increases, the prospect of which have already been ebbing on the basis of weaker inflation. The Fed raised interest rates at its July meeting by a quarter of a …

Jumping yields, slumping stocks may boost case for a Fed pause Read More »

By Jorgelina do Rosario LONDON (Reuters) -Argentina’s surprise presidential front-runner, radical libertarian Javier Milei, pitched models of dollarizing the South American country’s economy in a meeting with major lender the International Monetary Fund on Friday, two sources said. The meeting, confirmed by both sides, comes as the lender looks to better understand the dark horse …

Argentina’s Milei pitched dollarization ‘models’ in IMF meet – sources Read More »