By Ann Saphir (Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday said he is sticking to his view that the U.S. central bank will need to raise its policy rate another 1.5 percentage points this year and more in 2023, even if that causes a recession. The Fed is “far, far away from …
Fed’s Kashkari: More rate hikes ahead, and possible recession Read More »
LONDON (Reuters) – Demand for currency derivatives has shot up this year, data from CME Group showed on Wednesday, in a sign investors are positioning for hefty interest rate hikes from the U.S. Federal Reserve and other big central banks. “Open interest” — the number of outstanding futures and options — was at $272.5 billion …
Demand for FX derivatives jumps as central banks prep rate rises- CME Group Read More »
BANGKOK (Reuters) – Thailand’s commercial banks should not rush to raise their interest rates even though the central bank will tighten monetary policy, the finance minister said on Wednesday. The Bank of Thailand is widely expected to raise its key rate for the first time in nearly four years later on Wednesday. The economy remains …
Thai banks urged to freeze rates even if cbank hikes policy rate-Finance Minister Read More »
A look at the day ahead in markets from Anshuman Daga Are markets displaying signs of nervousness? Probably. Most asset classes show no big moves before Wednesday’s release of U.S. CPI data. After last week’s blockbuster payrolls squashed any doubts about the Fed pausing, a strong inflation print will immediately raise bets of a super-sized …
(Reuters) – U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will climb to 4,027 billion kilowatt-hours (kWh) in 2022, from 3,930 billion kWh in 2021, before sliding to 4,018 …
U.S. power use to reach record high in 2022 as economy grows, EIA says Read More »
BERLIN (Reuters) – Germany’s finance ministry wants to raise income tax thresholds and slightly increase child benefits in response to the highest inflation in the country in decades, ministry officials said on Tuesday. The tax free allowance will rise to 10,632 euros next year and 10,932 in 2024 from 10,347 euros currently, the officials said. …
Germany plans tax changes to help households cope with inflation – officials Read More »
By Alexandra Valencia QUITO (Reuters) – Ecuador’s capacity to meet its external debt obligations has not been affected by a Luxembourg court’s decision to freeze the country’s assets amid a dispute with oil company Perenco, the economy ministry said on Tuesday. Ecuador has “promptly complied” with interest and amortization payments on bonds for $185.7 million, …
Ecuador’s debt payments not affected by Luxembourg asset freeze – government says Read More »
A look at the day ahead in markets from Alun John The lull before U.S. inflation data affords a moment to reflect on a darkening geopolitical backdrop. Ukraine’s creditors are due to vote later on Tuesday on a government proposal to defer payments on its international bonds. Tensions remain high in Taiwan, and a Donald …
Marketmind: Geopolitics lurks beneath markets’ still waters Read More »
By Neil Jerome Morales and Karen Lema MANILA (Reuters) -The Philippine economy’s recovery momentum slowed in the second quarter amid high inflation, but the government is confident this year’s growth target remains achievable, giving the central bank leeway to further tighten policy to curb price pressures. The Southeast Asian country’s gross domestic product was 7.4% …
Philippines’ GDP growth momentum cools in Q2 as inflation soars Read More »
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s new leftist government on Monday formally proposed a tax reform bill to lawmakers which would raise some 25 trillion pesos ($5.76 billion) in 2023, equivalent to some 1.72% of gross domestic product, in an effort to increase revenue for anti-poverty programs. Finance Minister Jose Antonio Ocampo …
New Colombian tax bill aims at oil exports to fund social spending Read More »
