Reuters US Economy

PALO ALTO, California (Reuters) – Richmond Federal Reserve Bank President Thomas Barkin said on Friday that he does not understand the case for pausing interest rates now, although delivering rate increases in smaller increments means that if the Fed does end up going too far it won’t have gone much too far. Rates are currently …

Fed’s Barkin says he doesn’t see case for a rate pause now Read More »

(Reuters) – The Federal Reserve should consider how to most efficiently support financial markets in times of strained liquidity using information it has gleaned from its interventions at the onset of the COVID-19 pandemic, Fed Governor Michelle Bowman said on Friday. The U.S. central bank should explore how “to minimize the Fed’s footprint and amount …

Fed should look at how to efficiently support markets in times of stress -Bowman Read More »

By Michael S. Derby NEW YORK (Reuters) -Dallas Federal Reserve President Lorie Logan said on Friday the U.S. government bond market remains vulnerable to significant shocks that could cause broader damage, adding that government authorities must push ahead with efforts to shore up the financial system. “The U.S. financial system has become increasingly vulnerable to …

U.S. financial system vulnerable to bond market stress, Fed’s Logan says Read More »

By Jorge Otaola BUENOS AIRES (Reuters) – Argentina and the International Monetary Fund (IMF) are zeroing in on an agreement for more flexible currency reserves targets this year dependant on the South American country’s exports, a government source told Reuters on Friday. The indebted country, an important grains exporter, is going through a severe drought …

Argentina, IMF discussing export-linked reserve targets -govt source Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston leader Susan Collins reiterated in comments made public Friday that more central bank rate rises will be needed to lower high inflation levels. “We have more work to do to bring inflation back down” to the central bank’s 2% target, Collins said …

Fed Collins reiterates more rate rises need to squish inflation Read More »

By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector grew at a steady clip in February, with new orders and employment rising to more than one-year highs, suggesting the economy continued to expand in the first quarter. The Institute for Supply Management (ISM) survey on Friday described companies as “mostly positive about business conditions.” …

US services sector grows steadily; prices stubbornly high Read More »

By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve is “acutely aware” of the challenges high inflation poses to the economy and is “strongly committed” to its 2% target for price increases, the central bank said on Friday in its latest semiannual report to Congress on monetary policy and the economy. While largely a backward-looking …

Fed “acutely aware” of trouble inflation is causing – report Read More »

By Maria Martinez BERLIN (Reuters) -German exports rose more than expected in January, increasing 2.1% on the month to bounce back from the prior month’s slump thanks to strong demand from the United States and Britain, data showed on Friday. A Reuters poll had predicted a month-on-month rise of 1.5%. Despite the rebound, exports are …

German exports rise in January on robust U.S. demand Read More »

A look at the day ahead in European and global markets from Ankur Banerjee All it took was a bit of a hint that the Federal Reserve may stick to its moderate monetary tightening path for the market to attempt a risk-on rally to end the week. Futures indicate that the buoyant mood is set …

Marketmind: Fed’s ‘slow and steady’ lifts market mood Read More »