Reuters US Economy

By Michael S. Derby NEW YORK (Reuters) – Ahead of the July Federal Reserve meeting, banks and money managers projected the hike in interest rates they expected for that gathering would be the last the central bank delivered, according to New York Federal Reserve surveys released Thursday. At the last Federal Open Market Committee, officials …

NY Fed survey: Markets bet ahead of July FOMC expected rate rise would be last Read More »

By Anna-Catherine Brigida BUENOS AIRES (Reuters) – When Ernesto Acuna, a convenience store owner in Buenos Aires, received the new price list this week from his supplier of the snacks, condiments, sodas and ice creams he sells, he was shocked to find costs on some had risen 60% since late July. The price list, updated …

Ice cream prices double in a month as Argentina battles inflation Read More »

By Safiyah Riddle (Reuters) – U.S. mortgage rates surged this week, with the popular 30-year fixed rate hitting the highest level in more than 21 years, further complicating the housing market outlook. The average 30-year rate shot up to 7.09%, the highest level since April 2002, from 6.96% in the prior week, mortgage finance agency …

US 30-year fixed mortgage rate jumps to near 21-1/2-year high Read More »

AMSTERDAM (Reuters) -Economic growth in the Netherlands will be much slower than earlier expected this year, as a recession in the first half of 2023 ended a strong post-COVID 19 boom, government policy adviser CPB said on Thursday. Growth is set to drop to 0.7% in 2023 and 1.4% in 2024, the CPB said, after …

Mild recession ends Dutch economy’s strong post-COVID boom Read More »

By Allison Lampert (Reuters) – Loss-making private jet firm Wheels Up Experience nabbed a key $500 million lifeline but still faces turnaround challenges, as demand for private travel softens in the wake of the COVID-19 pandemic and rival operators lure some of their customers. Wheels Up avoided a possible bankruptcy when it secured backing from …

Wheels Up flies for now, but private-jet rivals see opportunity Read More »

BRASILIA (Reuters) -Approval of President Luiz Inacio Lula da Silva’s government increased in August on voter perceptions that Brazil’s economy is improving and he is doing a good job governing, a new Genial/Quaest poll showed on Wednesday. Positive approval of the government rose to 42% of respondents from 37% in June, while negative views fell …

Lula approval rises on economic optimism, lower food prices -Brazil poll Read More »

By Mike Dolan LONDON (Reuters) – August has been rough so far for emerging market stocks and western government bonds, a worrying confluence that may extend losses from ‘geo-investment’ standoffs and reflect an increasingly polarised world economy. Northern summer months can be a dangerous time to over-interpret financial market moves. Thin trading volumes and exaggerated …

Column-Bonds, emerging stocks eye ‘geo-investment’ switches: Mike Dolan Read More »

AMSTERDAM (Reuters) – The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed. The euro zone’s fifth largest economy shrank for the second consecutive quarter, after a 0.4% contraction in the first three months of the …

Dutch economy enters recession as inflation bites Read More »