Reuters US Economy

By David Lawder WASHINGTON (Reuters) – The U.S. Federal Reserve’s decision to accelerate reduction of bond purchases is “a well-calibrated” response to rising wage and price pressures but increases risks for emerging markets, IMF spokesman Gerry Rice said on Thursday. Rice told a news briefing a day after the Fed signaled three rate hikes in …

IMF says faster Fed taper ‘well-calibrated’ response to price pressures Read More »

(Reuters) – U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron coronavirus variant and many are adjusting their plans. Most major U.S. banks have had staff working in offices since the summer, …

Factbox-U.S. banks tighten COVID-19 precautions as Omicron variant spreads Read More »

(Reuters) – Following is the text of European Central Bank President Christine Lagarde’s statement after the bank’s policy meeting on Thursday: Link to statement on ECB website: https://www.ecb.europa.eu/press/pressconf/2021/html/ecb.is211216~9abaace28e.en.html Good afternoon, the Vice-President and I welcome you to our press conference. The euro area economy continues to recover and the labour market is improving, helped by …

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FRANKFURT, Dec 16 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council judges that the progress on economic recovery and towards its medium-term inflation target permits a step-by-step reduction in the pace of its asset purchases over the coming quarters. But monetary accommodation is still needed …

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BRUSSELS (Reuters) – The euro zone’s trade surplus with the rest of the world was much smaller than expected in October, data showed on Thursday, as the bloc’s trade deficit in energy surged on higher gas and oil prices. The European Union’s statistics office Eurostat said the unadjusted trade surplus of the 19 countries using …

Euro zone trade surplus smaller than expected in Oct Read More »