By Steve Scherer and David Ljunggren OTTAWA (Reuters) -Bank of Canada Governor Tiff Macklem on Wednesday said he was focused on whether interest rates would need to go higher and was not even consider[...]
Read more
January 25, 2023
Congressional Budget Office to issue debt limit, budget forecasts on Feb. 15
By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office (CBO) said on Wednesday that it plans to release its 2023 baseline budget and economic forecast on Feb. 15, along with a sp[...]
Read more
Stocks slide as corporate results spur recession fears
By Herbert Lash NEW YORK (Reuters) -Global equity markets skidded on Wednesday as poor corporate results fueled recession fears, as did the ongoing inversion of short- and long-dated Treasury yields[...]
Read more
Marketmind: Gloomy economic signals
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. South Korea and the Philippines’ GDP data are on the Asian data docket for investors on Thursday[...]
Read more
S&P 500 closes slightly red as weak corporate guidance fuels recession fears
By Stephen Culp NEW YORK (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries over the economi[...]
Read more
South Korean consumers’ inflation expectations inch up in January
SEOUL (Reuters) – South Korean consumers’ inflation expectations inched up in January, with sentiment toward economic conditions and the outlook also improving, a central bank survey showe[...]
Read more
Oil prices steady after smaller-than-expected U.S. crude build
By Shariq Khan BENGALURU (Reuters) -Oil prices settled largely unchanged on Wednesday after government data showed a smaller-than-anticipated build in U.S. crude inventories, countering weak economic[...]
Read more
Factbox-The U.S. Treasury’s tools to avoid breaching debt limit
WASHINGTON (Reuters) – As a battle between Republicans and Democrats over raising the federal debt ceiling unfolds, the U.S. Treasury has begun using extraordinary cash management measures to ke[...]
Read more
Mexico same-store sales up 10.6% in 2022, retail group says
MEXICO CITY (Reuters) – Mexican same-store retail sales rose by 10.6% across 2022 compared to the previous year, as the highest inflation in over two decades sent prices soaring, Mexican retaile[...]
Read more