Reuters US Economy

By David Lawder WASHINGTON (Reuters) – Canada must let U.S. processors of cheese, ice cream, yogurt, milk powder and other dairy products have access to its import quotas to resolve a second U.S. dairy trade challenge, Washington’s new agricultural trade boss told Reuters. Doug McKalip, chief agricultural trade negotiator for the U.S. Trade Representative’s office, …

U.S. agriculture trade chief demands Canada broaden dairy quota access Read More »

By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico’s five-member governing board unanimously voted to increase the benchmark interest rate by 50 basis points to 11.00% on Thursday, above market forecasts, citing a complex inflation scenario and suggesting future hikes would be smaller. The decision by Banxico, as the central bank …

Banxico boosts rate more-than-expected, signals smaller hikes ahead Read More »

By Brendan O’Boyle (Reuters) – Peru’s economic outlook is “very uncertain,” but strong economic fundamentals could provide a buffer against prevailing risks, the International Monetary Fund (IMF) said on Thursday after an annual visit to the country. The visit by the IMF’s staff came amid political and social unrest that has shaken confidence in the …

IMF says Peru unrest could dent growth, recommends temporary stimulus Read More »

WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen urged the World Bank to map out “bolder and more imaginative” steps on Thursday to address global challenges such as climate change even as it continues to aid individual developing countries. Yellen said countries urgently needed the World Bank and other multilateral development banks to evolve, given declining …

Yellen wants bolder World Bank steps on climate change, global issues Read More »

MEXICO CITY (Reuters) -Mexican consumer prices rose in January, data from the national statistics agency showed on Thursday, inching above December readings and market expectations, likely leading the Bank of Mexico to hike the key interest rate later in the day. Annual headline inflation accelerated to 7.91% in the 12 months through January, slightly above …

Mexico inflation up in January, central bank seen hiking rates later Thursday Read More »

By Maria Martinez BERLIN (Reuters) – German consumer prices, harmonised to compare with other European Union countries, rose by a less-than-anticipated 9.2% on the year in January, preliminary data from the federal statistics office showed on Thursday. Compared with December, prices increased by 0.5%, it added. Analysts had expected harmonised data to grow by 10.0% …

German EU-harmonised January consumer prices rise 9.2% y/y Read More »

By Howard Schneider WASHINGTON (Reuters) – Inflation seems poised to continue slowing this year but the U.S. central bank’s battle to reach its 2% target “might be a long fight” with monetary policy kept tighter for longer than anticipated, Federal Reserve Governor Christopher Waller said on Wednesday. “There are signs that food, energy, and shelter …

Fed’s Waller sees no sign of ‘quick’ decline in inflation Read More »

By Orhan Coskun and Nevzat Devranoglu ANKARA (Reuters) – Massive earthquakes in Turkey will add billions of dollars of spending to Ankara’s budget and cut economic growth by up two percentage points this year, officials and economists said, as the government faces huge rebuilding ahead of tight elections. Nearly 10,000 people were confirmed to have …

Earthquakes to disrupt Turkey’s growth, stretch budget as Erdogan heads to elections Read More »