NEW YORK (Reuters) – All participants at the Federal Reserve’s May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy’s performance and was at risk of racing higher without central bank action, newly released minutes of the session showed. The 50-basis-point rate increase …
Most May FOMC participants backed 50 bp hikes in June and July Read More »
By Howard Schneider WASHINGTON (Reuters) – All participants at the Federal Reserve’s May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat to the economy’s performance and was at risk of racing higher without action by the U.S. central bank, minutes of the session showed on …
Fed embraces 50-basis-point rate hikes in June, July to curb ‘very high’ inflation Read More »
By Lucia Mutikani WASHINGTON (Reuters) – New orders for U.S.-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions. The mixed report from the Commerce Department on Wednesday followed on the heels …
U.S. core capital goods orders growth slows in April; shipments increase Read More »
BERLIN (Reuters) -The German economy grew slightly in the first quarter from the previous one, data showed, with higher investments offset by the twin impacts of war in Ukraine and COVID-19 that experts predicted would weigh more heavily in the three months to June. Europe’s largest economy grew an adjusted 0.2% quarter on quarter and …
German economy dodges recession as war, pandemic weigh Read More »
ZURICH (Reuters) – Swiss Finance Minister Ueli Maurer ruled out government support for consumers hit by high energy prices and said budget cuts may be needed because the government would not raise taxes to weather a looming economic storm. “Petrol prices are affordable in wealthy Switzerland,” he told the Tages-Anzeiger paper in an interview published …
Swiss consumers don’t need govt help to cope with inflation -finance minister Read More »
By Tommy Wilkes and Saikat Chatterjee LONDON (Reuters) – The dollar’s rally to two-decade highs appears to have stalled, with doubts growing on whether the U.S. economy will prove as resilient and monetary policy as aggressive as previously expected. After climbing 10% in three months, the greenback has slipped 3% since May 13. Some reckon …
Analysis-As U.S. economy’s exceptionalism fades, so does the dollar Read More »
A look at the day ahead in markets from Saikat Chatterjee. While investors obsess over what the world’s biggest central bank might do next, the uneasy calm prevailing in global markets is under threat. First, Russia has edged closer to default after the United States said it would not extend a waiver that had allowed …
BERLIN (Reuters) – German consumer morale is projected to inch up in June after falling to a record low in May, but high inflation and the war in Ukraine continue to weigh on household spending, a survey showed on Wednesday. The GfK institute said its consumer sentiment index, based on a survey of around 2,000 …
German consumer morale inches up after falling to record low -GfK Read More »
By Ann Saphir (Reuters) -As the Federal Reserve amps up its fight against 40-year-high inflation with what is expected to be a string of big interest-rate increases, one U.S. central banker injected a note of caution, warning headlong rate hikes could create “significant economic dislocation.” In an essay published Tuesday, Atlanta Fed President Raphael Bostic …
In Fed’s inflation fight, Bostic wants to avoid ‘recklessness’ Read More »
WASHINGTON (Reuters) -The Fed’s stock of Treasury bonds and mortgage backed securities is projected to decline by roughly $2.5 trillion by mid-2025, to about $5.9 trillion, when the central bank’s run-off of assets is likely to be halted to maintain an adequate level of bank reserves, the New York Fed said on Tuesday. But that …
NY Fed sees 3-yr balance sheet rundown to $5.9 trln, slow MBS decline absent sales Read More »
