Reuters US Economy

By Lucy Craymer and Renju Jose WELLINGTON (Reuters) -New Zealand’s central bank said on Thursday the effects of interest rate cuts on the local economy had been slower than expected with uncertainties swirling over tariffs hitting business and consumer confidence. Higher tariffs and trade barriers have created a negative demand shock for the world, Reserve …

New Zealand central bank says tariff uncertainties hit business confidence Read More »

By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude inventories as investors awaited the next steps in talks to end the Ukraine war, with sanctions on Russian crude remaining in place for now. Brent crude futures were up $1.05, or 1.6%, to settle …

Oil prices climb 2% on drop in US crude inventories as investors focus on Ukraine peace push Read More »

By Karen Brettell NEW YORK (Reuters) -The dollar fell on Wednesday after U.S. President Donald Trump called on Federal Reserve Governor Lisa Cook to resign, but pared gains after minutes from the Fed’s latest meeting showed that only two policymakers supported an interest rate cut last month. Trump cited allegations made by one of his …

Dollar falls as Trump calls on Fed’s Cook to resign Read More »

By David Lawder WASHINGTON (Reuters) -U.S. federal budget deficits will be nearly $1 trillion higher over the next decade than projected in January by the Congressional Budget Office as a result of tax and spending legislation and tariffs, a budget watchdog said on Wednesday. The Committee for a Responsible Federal Budget’s latest forecasts show a …

US budget deficit forecast $1 trillion higher over next decade, watchdog says Read More »

By Twesha Dikshit and Sukriti Gupta (Reuters) -Europe’s STOXX 600 closed higher on Wednesday boosted by consumer and healthcare stocks, while declines in tech and defence stocks limited gains, ahead of a crucial meeting of global central bankers. The pan-European STOXX 600 index closed 0.2% up, at its highest closing level in more than five …

Europe’s STOXX 600 closes higher but gains limited by tech, defence Read More »

(Corrects to “August 29” from “Friday” in paragraph 13) MUMBAI (Reuters) -India’s monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign, minutes of the August meeting showed on Wednesday. The Reserve Bank of India …

India rate panel says US tariffs key drag on growth, flags benign inflation outlook Read More »

By Samuel Indyk and Danilo Masoni LONDON (Reuters) -European shares are expected to close the year a touch higher than where they are currently trading, a Reuters poll found, as support from looser fiscal and monetary policy will be kept in check by uncertainties over Washington’s import tariffs. The pan-European STOXX 600 index is expected …

European share gains to be kept in check by Trump tariffs- Reuters poll Read More »