Reuters US Economy

SYDNEY (Reuters) – Prime Minister Anthony Albanese said on Saturday he was pleased to see inflation retreating in Australia, but cautioned that cost of living pressures remained nationwide. Australian inflation slowed to an eight-month low in February, data out this week showed, due partly to a fall in holiday travel and accommodation prices, boosting the …

Australian PM says inflation numbers ‘pleasing’ amid cost of living pressures Read More »

By Anthony Esposito MEXICO CITY (Reuters) -The Mexican economy could grow up to 3.0% both this year and next, boosted by increased manufacturing investment and cooling inflation, according to a copy of the government’s latest budget forecasts seen by Reuters on Friday. The ministry estimates Latin America’s second-biggest economy will expand between 2.2% and 3.0% …

Mexico sees growth of up to 3% this year, eyes nearshoring boost Read More »

By Jorge Otaola and Rodrigo Campos BUENOS AIRES (Reuters) -The International Monetary Fund (IMF) approved Argentina’s fourth review under its $44 billion loan program on Friday, unlocking the disbursement of $5.4 billion to the indebted country, the lender said in a short statement. The IMF made no mention of Argentina’s request for easing reserve targets …

IMF unlocks $5.4 billion in funds to Argentina, boosting reserves Read More »

BRASILIA (Reuters) – Brazil’s government debt as a percentage of gross domestic product (GDP) rose to 73% in February, largely impacted by an increase in interest expenses, according to data from the central bank on Friday. This indicator is considered the main reference for the country’s public accounts sustainability and was at 72.5% in January. …

Brazil’s public sector gross debt up to 73% of GDP in February Read More »

By Michael S. Derby WASHINGTON (Reuters) -Federal Reserve Bank of New York President John Williams said Friday how financial conditions play out will be a key contributor to his thinking about what’s next for central bank interest rate policy. “The economic outlook is uncertain, and our policy decisions will be driven by the data and …

Fed’s Williams says financial conditions key to rate policy outlook Read More »

By Michael S. Derby WASHINGTON (Reuters) – Boston Federal Reserve President Susan Collins said on Friday that wherever the U.S. central bank stops with its interest rate rises, maintaining that level for some time will be critical in helping to lower high inflation back to the 2% target. Collins, speaking to Reuters after the release …

Fed’s Collins says latest inflation data doesn’t change policy path yet Read More »

PARIS (Reuters) – French inflation slid in March to a six-month low – though by slightly less than forecast – as a sharp drop in energy price inflation helped offset surging food prices, preliminary official data showed on Friday. Consumer prices rose 0.9% in March, bringing the 12-month inflation rate to 6.6%, down from 7.3% …

French inflation eases to six-month low in March Read More »

(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have had a turbulent few weeks after the collapse of some mid-sized U.S. lenders and a Swiss-backed takeover of Credit Suisse spooked investors about liquidity stress …

Citigroup sees global profits shrinking 5% in aftermath of banking turmoil Read More »

BERLIN (Reuters) – German import prices in February registered their smallest increase in two years as energy prices eased. February import prices were up 2.8% year on year, the statistics office said on Friday. Analysts polled by Reuters had expected a 4.2% increase. December and January’s import prices had risen by 12.6% and 6.6% respectively …

German import prices show smallest annual increase in two years Read More »