Reuters US Economy

By Leika Kihara TOKYO (Reuters) -Rising prices of daily necessities could hurt household sentiment, Bank of Japan Governor Haruhiko Kuroda said on Friday, suggesting that mounting inflationary pressure is emerging as a risk to the country’s fragile economy. Japan’s core consumer inflation rose 2.1% year-on-year in April, exceeding the central bank’s 2% target for the …

BOJ Kuroda highlights inflation as risk to Japan’s economy Read More »

By David Lawder WASHINGTON (Reuters) – New U.S. trade negotiations with Taiwan could move more quickly than broader talks with 12 Indo-Pacific countries given strong interest in Taipei and Washington in deepening economic ties, Deputy U.S. Trade Representative Sarah Bianchi said on Thursday. There are parallels between the newly launched Indo-Pacific Economic Framework talks and …

U.S.-Taiwan trade talks could outpace Indo-Pacific effort -USTR official Read More »

BERLIN (Reuters) – German exports rose more than forecast in April, rising by 4.4% on the previous month, while imports increased by 3.1%, according to data released by the Federal Statistical Office on Friday. A Reuters poll had predicted a month-on-month rise in exports of 1.5%. Exports from Germany to Russia dropped in April by …

German exports get 4.4% boost in April despite dwindling trade with Russia Read More »

WASHINGTON (Reuters) – The White House is not expecting to see big increases in jobs data every month as the economy transitions to a new period of more stable growth, White House press secretary Karine Jean-Pierre said on Thursday, ahead of Friday’s nonfarm payrolls report. U.S. private payrolls increased far less than expected in May, …

White House not expecting ‘blockbuster’ jobs reports every month Read More »

(Reuters) – The Federal Reserve is likely to continue tightening monetary policy beyond the half percentage point interest rate hikes expected at each of its next two meetings, two policymakers signaled on Thursday, with the only question being how much. “Market pricing for 50 basis points potentially in June and July, from the data we …

Fed policymakers: September rate hike a question of how big, not if Read More »

(Reuters) -The Federal Reserve is likely to continue tightening monetary policy beyond the half percentage point interest rate hikes expected at each of its next two meetings, two policymakers signaled on Thursday, with the only question being how much. “Market pricing for 50 basis points potentially in June and July, from the data we have …

Fed policymakers: September rate hike a question of how big, not if Read More »

By Carolina Mandl and Elizabeth Dilts Marshall NEW YORK (Reuters) -Goldman Sachs’ President and Chief Operating Officer John Waldron said on Thursday the current economic turmoil is one of the most challenging ones he has ever faced in his career. “This is among if not the most complex, dynamic environment I’ve ever seen in my …

Goldman Sachs COO Waldron sees unprecedented shocks in economy Read More »

(Reuters) – The slowdown in Russia’s consumer price growth cannot yet be regarded as sustainable, the country’s central bank said in its review of trends on Thursday. Consumer price growth in Russia may speed up again as one-off disinflationary factors fade, the central bank said, adding that the balance of risks remains tilted towards the …

Russia’s inflation slowdown cannot yet be seen as sustainable – cenbank Read More »

(Reuters) – The Federal Reserve needs to raise rates by a half-of-a-percentage point at each of its next two meetings, and then assess if inflation has moderated enough to slow the pace of rate hikes or if it needs to jack them up further, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday. And …

Fed’s Mester: more rate hikes ahead in ‘painful’ battle with inflation Read More »