Reuters US Economy

WASHINGTON (Reuters) – The stopping point for Federal Reserve interest rate increases will depend on the path of inflation, Richmond Federal Reserve Bank President Tom Barkin said on Tuesday. “We can’t declare victory too soon,” Barkin said in comments on Fox Business, adding that he would not want to pause rate increases until it was …

Barkin: Terminal rate for Fed depends on path of inflation -Fox Business Read More »

By Marc Frank HAVANA (Reuters) – Cuba’s state-run media has created a stir among economists, diplomats and creditors by publishing an estimate of the Communist-run island’s international reserves, an elusive data long considered a “state secret” there. Buried deep in a two-part, 2,000-word analysis of the economy earlier this month in Cubadebate, the country´s top …

Leak of secretive Cuban reserves data stirs confusion, concern Read More »

By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of New York leader John Williams said on Tuesday that the economy does better when everyone gets a shot at participating. “An inclusive economy doesn’t just help those that are in need of more or different opportunities, rather, it boosts the economy more broadly,” …

Fed’s Williams: Making economy inclusive has benefits for overall activity Read More »

By Lananh Nguyen NEW YORK (Reuters) – Bond traders are stars again on Wall Street. Fixed income, currencies and commodities (FICC) traders bolstered bank profits last year despite dreary deal markets. And traders who have navigated renewed market volatility are set to extend their winning streak, senior bankers told Reuters. At Bank of America Corp, …

Analysis-Bond traders get their swagger back in rate-obsessed markets Read More »

BERLIN (Reuters) – German inflation eased further in the final month of 2022, with consumer prices rising by 9.6% year on year in December in harmonised terms, the federal statistics office said on Tuesday, confirming preliminary data. This compared with an annual harmonised inflation rate of 11.3% in November and 11.6% in October. For the …

German harmonized inflation eases to 9.6% y/y in December Read More »

(Reuters) -Brazil’s delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday. Speaking to journalists at his hotel in Davos, Switzerland, Haddad said that Brazilian institutions “gave a very immediate response” after supporters …

Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad Read More »

(Reuters) -Teachers, retirees and workers’ unions marched in at least six Venezuelan cities on Monday to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in its attempt to fight inflation. Venezuela’s inflation is estimated to have reached 305% last year, according a nongovernmental group of economists who calculate indicators in …

Venezuelan teachers march for better pay amid sky-high inflation Read More »

SAO PAULO (Reuters) -Brazilian leftist President Luiz Inacio Lula da Silva will seek to end the industrial tax IPI, Vice President Geraldo Alckmin said on Monday, which would continue an exemption policy initiated by his predecessor Jair Bolsonaro. At an event hosted by Sao Paulo’s industry group FIESP, Alckmin acknowledged that the current administration considered …

Brazil’s Lula to end industrial tax IPI, VP says Read More »

By Steve Scherer and David Ljunggren OTTAWA (Reuters) – Most Canadian businesses expect a mild recession over the next year because higher interest rates are curbing investment plans and consumer spending, while at the same time more see inflation staying high for longer, the Bank of Canada said on Monday. Business sentiment continued to weaken …

Canadian firms expect mild recession and inflation to remain high Read More »