Reuters US Economy

SYDNEY, July 18 (Reuters) – Australia’s central bank decided to keep interest rates steady this month as policy was clearly restrictive and there was a risk a squeeze on household finances could lead to a sharp downturn and higher unemployment. However, the bank retained a warning that some tightening may still be required to bring …

Australia central bank hit pause as policy clearly restrictive, risking growth Read More »

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Another day, another whoosh higher on Wall Street, but the double whammy of gloomy news from China on Monday is spoiling the party in Asia, and regional markets could struggle again on Tuesday. Data on …

Marketmind: Global market outlook bright but China’s clouds darken Read More »

By Howard Schneider WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indication they are ready to approve another small rate increase when they gather again next week. But recent data suggesting inflation has begun to slow …

Is the wild ride over? Fed faces broader debate as it tees up rate hike Read More »

By Davide Barbuscia NEW YORK (Reuters) -Goldman Sachs’ Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that a U.S recession will start in the next 12 months to 20% from an earlier 25% forecast. “The main reason for our cut is that the recent data have reinforced our confidence that …

Goldman Sachs cuts probability of US recession in next 12 months Read More »

By Michael S. Derby (Reuters) – Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank reported that in June, across a number of fronts, credit was the hardest to get in years, with fewer people seeking out loans, at least for …

NY Fed report finds Americans increasingly facing borrowing headwinds Read More »

BRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country’s growth, even as analysts have been consistently revising their forecasts upward for the year. The IBC-BR economic activity index, a key gauge of gross domestic product (GDP), declined by a seasonally …

Brazil’s economic activity surprises negatively with 2% decline in May Read More »

By Yoruk Bahceli (Reuters) – As markets navigate a likely end to the steepest interest rate rises in decades, investors say the Bank of England has been less consistent in its messaging than other major central banks, making positioning in UK assets a particular challenge. Traders, who bet the BoE was nearly done in May, …

Analysis-For markets, BoE communication is bottom of the class Read More »

By Libby George and Jorgelina do Rosario LONDON (Reuters) -Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but the two nations have secured only enough help to limp to autumn elections, experts said. The rally in international bonds issued by the two countries has intensified …

Pakistan and Argentina bonds’ surge belies bigger reform hurdles Read More »

By Divya Chowdhury MUMBAI (Reuters) – U.S. treasury yields have likely peaked, with longer-dated bonds looking attractive as the Federal Reserve is near the end of its hiking cycle, M&G Investments’ Jim Leaviss said. “Unless we get a resurgence in core inflation from where we are now, then it should be the peak in bond …

M&G’s Leaviss says U.S. Treasury yields have likely peaked Read More »