Reuters US Economy

By David Milliken and Huw Jones LONDON (Reuters) -Britain’s economy is so far proving resilient to a surge in interest rates over the past year and a half, but it will take time for the full impact to feed through, the Bank of England said on Wednesday. The Bank last month raised rates to 5% …

Bank of England says UK economy is coping with higher rates Read More »

By Huw Jones LONDON (Reuters) -Britain’s eight largest lenders have enough capital to ride out economic stress deeper than the 2008 financial crisis, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses. The test checked if banks were holding enough capital to cope with …

Stress test shows top 8 UK banks have enough capital, says Bank of England Read More »

By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to slow to 7.0% in June, according to the median forecast in a Reuters poll, after hitting 7.8% in May, as the government battles to control spiraling prices ahead of elections in October. The poll of 23 analysts measures inflation by the …

Argentina’s monthly inflation rate seen slowing to 7% in June Read More »

By Safiyah Riddle (Reuters) -U.S. small business confidence climbed to a seven-month high in June as pessimism about the economic outlook diminished sharply and sales expectations improved, but a still-tight labor market continued to drive concerns about inflation, according to a survey released on Tuesday. The National Federation of Independent Business (NFIB) said its Small …

Small business confidence reaches 7-month high in June, NFIB says Read More »

LONDON (Reuters) – The dollar’s grip as the dominant global currency is loosening, credit rating agency S&P Global’s top economist said on Tuesday. Aggressive U.S. sanctions such as last year’s freezing of hundreds of billions of dollar’s worth of Russia’s reserves has seen a flurry of countries start to do some trade in currencies other …

S&P Global’s top economist sees dollar dominance diminishing Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) -The longer the heavily touted U.S. recession fails to materialize, the more doubt is cast over the relevance and usefulness of leading economic indicators that have accurately predicted every downturn for decades. The economy grew much faster than expected in the first quarter of the year, unemployment is ultra-low, …

The elusive U.S. recession and its ‘misleading’ indicators: McGeever Read More »

BERLIN (Reuters) – German inflation rose in June, interrupting a steady decline since the start of the year. German consumer prices, harmonised to compare with other European Union countries, increased by 6.8% on the year in June, the federal statistics office said on Tuesday, confirming preliminary data. The year-on-year rebound in German inflation midway through …

German inflation bucks downward trend in June Read More »

By Michael S. Derby (Reuters) -Federal Reserve Bank of Cleveland President Loretta Mester said on Monday that still-strong levels of underlying inflation pressures are pointing the central bank toward more rate rises. “The economy has shown more underlying strength than anticipated earlier this year, and inflation has remained stubbornly high, with progress on core inflation …

Fed’s Mester: More hikes needed to bring inflation back down to target Read More »