Reuters US Economy

By Anna-Catherine Brigida and Walter Bianchi BUENOS AIRES (Reuters) – Argentina has patched up its wobbly economy with a so-called “soy dollar” preferential exchange rate to boost grains exports and bring in much-needed foreign currency, which analysts said would give the government breathing room, at least temporarily. The measures, which kicked in fully on Monday, …

Argentina looks to defuse economic timebomb with soy export boost Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Weeks after a banking crisis pummeled financial stocks, some options strategists say the heightened pessimism in the sector presents an attractive opportunity to position for a rebound ahead of earnings season. While the S&P 500 index has advanced 6% since mid-March, when the failure of Silicon Valley …

Analysis-Gloomy U.S. bank sector could yield payoff for contrarian options bets Read More »

By Michael S. Derby NEW YORK (Reuters) – Americans said last month that access to credit was at its toughest level in nearly a decade, as they also braced for higher levels of inflation over the next few years, a report from the New York Fed said Monday. In the March Survey of Consumer Expectations, …

NY Fed survey finds Americans more downbeat on credit access Read More »

BANGKOK (Reuters) – Thailand’s economy is expected to grow 3.6% this year, Bank of Thailand (BOT) governor Sethaput Suthiwartnarueput said on Monday, adding that fiscal an monetary policy should prioritize stability rather than economic stimulus. “The economy is resilient and is able to withstand multiple shocks,” Sethaput told TV channel JKN-CNBC. The economy grew 2.6% …

Thai central bank sees policy focus on stability, maintains 2023 GDP forecast Read More »

By Leika Kihara TOKYO (Reuters) – New Bank of Japan Governor Kazuo Ueda’s main challenge will be to phase out its controversial yield curve control policy, which has come under criticism for distorting markets by keeping long-term interest rates from rising. Ueda, who took office on Sunday, chairs his first policy meeting on April 27-28. …

Factbox-Possible next steps for BOJ policy under new governor Read More »

BRASILIA (Reuters) – Brazil’s government should revise the rules for increasing mandatory expenses and budget constraints before the end of the year, once reform of the tax system has been decided, Finance Minister Fernando Haddad said. “What we want to discuss, after the tax reform, is a rule that ends the chopping and changing, and …

Lula’s government should revise Brazil’s mandatory spending constraints, says Haddad Read More »

NEW YORK (Reuters) – The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labor market tightness that could see the Federal Reserve hiking interest rates again next month. Nonfarm payrolls increased by 236,000 jobs last month, the Labor Department said …

US payrolls rise moderates in March, participation rate firms Read More »