By Michael S. Derby (Reuters) – Contrary to how many Federal Reserve officials have tended to focus on longer-run inflation expectations data as a tool to divine real world price pressures, a Cleveland Fed report released on Monday said shorter-run expectations may be the more important factor to watch right now. In the present environment …
Cleveland Fed report says near-term inflation expectations data now key Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) -Engineering a soft landing is hard. But if you zoom out from the strictest definition of the term, the U.S. Federal Reserve has managed it more often than is generally believed. Admittedly, by the textbook definition of raising interest rates to cool an overheating economy or inflation without triggering …
The Fed and a soft landing? It’s not as rare as you think: McGeever Read More »
LONDON (Reuters) – Earnings season gets into full swing, while the first snapshot of business activity in April could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy. China and Britain release key economic data and officials from the Group of Seven nations talk climate …
BERLIN (Reuters) – Production in Germany’s engineering sector rose by 3.2% in the first two months of 2023 compared with the same months last year as supply chain bottlenecks eased considerably, the VDMA engineering association said on Monday. Despite a solid start to the year, VDMA stuck to its full-year forecast for a 2% drop …
German engineering production rises at the start of 2023 – VDMA Read More »
By Lucy Craymer WELLINGTON (Reuters) – New Zealand food prices surged in March as flash floods and a cyclone this year jacked up fruit and vegetable prices, with economists expecting first quarter inflation data due later this week to keep the central bank on its policy tightening path. The Reserve Bank of New Zealand (RBNZ) …
NZ food prices surge, Q1 inflation awaited as another rate hike expected Read More »
SYDNEY (Reuters) – Australia’s Treasurer on Monday said he was close to announcing details of a wide-ranging review into the country’s central bank which would require legal changes for some steps, underlining the scope of the shake-up. Treasurer Jim Chalmers said the independent review had provided 51 recommendations for changing how the Reserve Bank of …
Australia nears wide-ranging shake up of its central bank Read More »
By Dhara Ranasinghe, Samuel Indyk and Alun John LONDON (Reuters) -European equity markets are basking in a glow that even greater uncertainty unleashed by turmoil in the banking sector appears not to be able to dim. Having started the year on a strong footing as the energy crisis abated and China’s economy reopened from COVID-related …
European stocks: A global investor’s new best friends Read More »
(Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a careful start to the week in Asia with stocks and bonds little changed and the dollar holding most of Friday’s bounce. The caution is understandable given the week holds updates on Chinese economic growth and global …
Marketmind: Markets hope China chooses to surprise on the upside Read More »
WASHINGTON (Reuters) – Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official said on Saturday. Jihad Azour, …
IMF sees high rates, oil prices and inflation worries in Middle East Read More »
MEXICO CITY (Reuters) – Argentina is considering how to persuade the International Monetary Fund to further ease the economic targets embedded in the country’s $44 billion IMF loan program, a source said, as a severe drought hits exports and threatens to push the economy into recession. “All alternatives are on the table. Work will be …
Argentina looks to ease economic targets in IMF loan program, source says Read More »
