Reuters US Economy

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank’s policy signals don’t seem to convince investors any more, analysts say, whether it is trying to raise their expectations for interest rates or lower them. Two years of tumult since economies began reopening after COVID have complicated central banks’ communications with financial …

Analysis-ECB seen struggling to keep market on side after mixed messages Read More »

By Wayne Cole SYDNEY (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. It’s been a quiet start to the week in Asia with much of the region on holiday. U.S. stocks futures are near flat, but EUROSTOXX futures added 0.5% to extend their recent bullish run. Presumably …

Marketmind: Euro rising Read More »

(Reuters) – The likelihood that the United States is already in recession or will fall into one this year has dropped over the past three months to 56% from a nearly two-thirds possibility, according to a survey on business conditions released on Monday. Approximately 53% of those polled by the National Association of Business Economics …

Businesses see lower odds U.S. in or entering recession, NABE says Read More »

By Jason Lange WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers is preparing a plan to defuse a looming crisis over the nation’s debt ceiling by changing it from a fixed dollar amount a percentage of national economic output, the group’s top Republican said on Sunday. The proposal would replace Washington’s current federal debt …

Bipartisan U.S. lawmakers preparing plan to avert debt-ceiling crisis Read More »

DUBAI (Reuters) – Iran’s troubled currency fell to a record low against the U.S. dollar on Saturday amid the country’s increasing isolation and possible Europe Union sanctions against Tehran’s Revolutionary Guards or some of its members. Ties between the EU and Tehran have deteriorated in recent months as efforts to revive nuclear talks have stalled. …

Iranian currency falls to record low amid isolation and sanctions Read More »

By Andrea Shalal DAKAR (Reuters) -Russia’s war in Ukraine is hitting Africans particularly hard by exacerbating food insecurity and putting an unnecessary drag on the continent’s economy, U.S. Treasury Secretary Janet Yellen said in Senegal’s capital Dakar on Friday. Yellen said ending the war would be the best thing to help the global economy, but …

Yellen says Russian oil price cap could save African countries $6 billion annually Read More »

By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland (Reuters) – Kenya’s central bank expects inflation to fall within its target range during the first quarter of 2023 and is comfortable with its trajectory, Governor Patrick Njoroge said at the World Economic Forum in Davos, Switzerland. “We are not comfortable with where it is now, …

Kenya inflation to fall back within target in Q1 -cenbank governor Read More »