By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland leader Loretta Mester said Friday she wasn’t surprised by the latest round of strong U.S. inflation data, which she saw as another reminder the central bank still needs to raise rates further to reduce the pressures that are pushing prices higher. The …
Fed’s Mester says hot inflation data affirms case for more rate hikes Read More »
By Michael S. Derby NEW YORK (Reuters) – Boston Federal Reserve President Susan Collins said on Friday more interest rate increases are needed to tame high levels of U.S. inflation. “I anticipate further rate increases to reach a sufficiently restrictive level, and then holding there for some, perhaps extended, time,” Collins said in prepared remarks …
Fed’s Collins says more rate hikes needed to curb ‘too high’ inflation Read More »
STOCKHOLM (Reuters) – Sentiment among households and businesses inched higher in Sweden in February, with house-builders and retailers bucking the trend, data from the NIER think tank showed on Friday. Consumer confidence rose to 59.9 points from an upwardly revised 57.7 points in the previous month. The overall sentiment index rose to 85.7 points from …
Swedish consumer, business sentiment inches higher in February Read More »
By Mike Dolan LONDON (Reuters) – If Fed steers on the time it takes interest rate hikes to hit the real economy are anything to go by, the state of the economy this summer will define the endgame. The U.S. Federal Reserve clearly knows it’s tightened credit a lot already – the past 12 months …
Column-Fed flags lags and summertime blues: Mike Dolan Read More »
PARIS (Reuters) – French consumer confidence fell back slightly in February compared to January, said the INSEE statistics body on Friday, which also revised up its earlier reading for the January figure. INSEE’s February consumer confidence figure stood at 82 points. This was down from a revised figure of 83 points for January. The January …
French consumer confidence fell slightly in February from January -INSEE Read More »
By Siddharth Cavale (Reuters) – As American shoppers stomach soaring food prices, they are cutting back on purchases of other goods, such as toys, clothing and housewares, in a challenging trend for retailers. Commentary this week from executives at Walmart and other retailers shows how Americans are shifting their shopping habits and hunting for bargains …
‘Stubborn’ food inflation leaves U.S. shoppers with slim appetite for other goods Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – An intraday dip in the S&P 500 Index on Thursday was spurred by large trades in short-dated derivatives that piled selling pressure on the market, according to Nomura strategist Charlie McElligott. Some 26,000 Feb 23 put options on S&P 500 e-minis futures with a strike price corresponding …
By Sara Merken Apollo Global Management Inc said Thursday that Whitney Chatterjee, a partner at New York law firm Sullivan & Cromwell, will take over leadership of its legal team. Chatterjee, most recently head of Sullivan & Cromwell’s investment management practice, has been named general counsel, effective April 3. She will transition into the role …
Apollo Global taps Sullivan & Cromwell partner to lead legal team Read More »
JERUSALEM (Reuters) – Bank of Israel Governor Amir Yaron held an emergency meeting of the country’s Financial Stability Committee late on Wednesday to discuss developments in the financial markets including a sharp weakening of the shekel, Israeli media reported. The central bank on Thursday declined to comment on whether a meeting took place. Israel’s shekel …
Bank of Israel chief convened stability panel amid market turmoil -media Read More »
By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose 5.5% in January, the fastest pace in more than 14 years but slightly lower than forecast, leaving analysts spilt over the direction of the central bank’s monetary policy this year. The core inflation rate – which excludes private road transport and accommodation costs …
Singapore’s January core inflation rises 5.5%, fastest in 14 years Read More »
