Reuters US Economy

By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia’s finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despite towering spending and slumping energy revenues contributing to a huge shortfall in January. Russia recorded a budget deficit of almost $25 billion …

Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall Read More »

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing. The planning agency responded by downgrading its outlook for this year. But the economy, Southeast Asia’s …

Thai Q4 GDP unexpectedly falls, 2023 outlook trimmed Read More »

By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer prices likely accelerated to a more than 41-year high in January, a Reuters poll of 19 economists showed, reflecting companies’ will to raise prices while squeezing household purchasing power as wages lag cost-push inflation. Nationwide consumer prices index (CPI) data by the internal affairs ministry, released …

Japan consumer inflation rate seen accelerating to over 41-year high: Reuters poll Read More »

A look at the day ahead in European and global markets from Ankur Banerjee Investors are feeling the heat as sticky inflation and a tight labour market revive good ol’ fears of the Fed staying hawkish for longer. The market has succumbed to the Fed and is now pricing U.S. interest rates to stay above …

Marketmind: When doves cry Read More »

By Howard Schneider WASHINGTON (Reuters) – Continued Federal Reserve rate increases will “lock in” slowing inflation even with continued economic growth, St. Louis Federal Reserve President James Bullard said on Thursday. Bullard said it is likely that the economy will slow and the unemployment rate rise towards its “longer-run natural level,” something economists define as …

Fed’s Bullard: Further rate increases would “lock in” disinflation Read More »

By Devayani Sathyan BENGALURU (Reuters) – New Zealand’s central bank will scale down its tightening campaign only slightly with a half-point interest rate hike to 4.75% on Wednesday as inflation is still running at a near three-decade high, a Reuters poll of economists found. That puts the Reserve Bank of New Zealand (RBNZ), one of …

RBNZ to hike rates 50bps on Feb. 22, another 50bps due by mid-year: Reuters poll Read More »

By Michael S. Derby and Howard Schneider (Reuters) – Two Federal Reserve officials said on Thursday that more central bank rate rises are essential to help lower inflation back to desired levels. The Fed “has come an appreciable way in bringing policy from a very accommodative stance to a restrictive one, but I believe we …

Fed officials say more rate hikes key to lowering inflation Read More »

(Reuters) – Fidelity Investments is planning to increase its headcount by 4,000 in the first half of this year, a spokesperson for the asset manager said in an emailed statement on Thursday. The hiring plans, which were first reported by Bloomberg News, are in stark contrast to most other financial firms such as Goldman Sachs …

Fidelity Investments to expand workforce by 4,000 in first half of 2023 Read More »