By Lindsay Dunsmuir and Ann Saphir (Reuters) -The Federal Reserve, which just last week was expected to accelerate its interest-rate-hike campaign in the face of persistent inflation, may be forced to hit pause and even reverse course as turbulence at Credit Suisse renews fears of a banking crisis that could cripple the U.S. economy. That’s …
Fed rate hike campaign in question as bank stocks swoon Read More »
By Yoruk Bahceli and Harry Robertson (Reuters) – Banking turmoil on both sides of the Atlantic prompting the sharpest daily moves in decades in big government bond markets has made it much harder for investors to trade, but fears of a halt to market activity were so far muted, investors and traders said. Bond markets …
Trading in big bond markets becomes challenging after bank rout – traders Read More »
By Douglas Gillison (Reuters) -The top U.S. markets regulator on Wednesday proposed a suite of new policies designed to harden the financial system against hacking, data theft and systems failure. With some dissents from Republican members, the Securities and Exchange Commission’s (SEC) five members voted at a public meeting to propose rules on protecting consumer …
Wall Street regulator proposes new hacking, data and market resiliency rules Read More »
BEIJING (Reuters) -The People’s Bank of China said on Wednesday it will “appropriately” respond to U.S. and Western “containment and suppression”, in a rare warning by the central bank following calls by President Xi Jinping to safeguard national security. It is unusual for the central bank to comment on foreign policy given its responsibility is …
China’s central bank warns against U.S., Western ‘suppression’ Read More »
By Miguel Lo Bianco and Claudia Martini SAN FERNANDO, Argentina (Reuters) – Argentina’s annual inflation rate tore past 100% in February, the country’s statistics agency said on Tuesday, the first time it has hit triple figures since a period of hyperinflation in 1991, over three decades ago. Inflation over 12 months clocked in at 102.5% …
Argentina inflation tops 100% for first time since 1991 Read More »
BUENOS AIRES (Reuters) – Argentina’s annual inflation rate shot past 100% in February, the country’s statistics agency said on Tuesday, the first time it has reached triple digits since 1991 when the country was coming out of hyperinflation. The monthly rise on the Consumer Price Index (CPI) clocked in at 6.6% in the second month …
Argentina inflation shoots past 100% for first time since 1991 Read More »
By Howard Schneider WASHINGTON (Reuters) – Stubbornly high inflation, a robust job market, and an outbreak of financial stress have presented the Federal Reserve with a stark choice in the coming week: push ahead with interest rate hikes that could upend fragile markets or announce a pause that could weaken its unfinished fight against rising …
Inflation still a front-burner issue in the hectic Fed kitchen Read More »
By Gergely Szakacs BUDAPEST (Reuters) – Market bets on interest rate cuts in central Europe in the near future are optimistic as inflation could end up being stickier than expected, the European Bank for Reconstruction and Development’s chief economist, Beata Javorcik, told Reuters. Rate-setters in central Europe, who were at the forefront of a global …
Bets on central European rate cuts soon are ‘optimistic’ -EBRD Read More »
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices increased solidly in February as Americans faced persistently higher costs for rents, posing a dilemma for the Federal Reserve, whose fight against inflation has been complicated by the collapse of two regional banks. Economists disagreed on whether the report from the Labor Department on Tuesday, which …
Little relief for US consumers as sticky rents keep inflation elevated Read More »
BRASILIA (Reuters) – Brazil’s Senate Economic Affairs Committee (CAE) is expected to agree on Tuesday to invite Central Bank Governor Roberto Campos Neto to testify at a hearing on the country’s high interest rates, three sources told Reuters on Monday. The date of his appearance before the committee has not been decided, two of the …
Brazil’s Senate set to approve invitation for central bank chief’s hearing Read More »
