SAO PAULO (Reuters) -Brazil Finance Minister Fernando Haddad on Friday said the country is about to enter a downward cycle of interest rates, pointing out that inflation is “more behaved.”[...]
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May 26, 2023
Treasury’s Yellen says June 5 is last date for debt ceiling to be raised
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen on Friday set a deadline for raising the federal debt limit, saying the government would default if Congress does not increase the $31.4 tril[...]
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Oil prices rise as US closes in on debt deal
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ticked up on Friday as U.S. officials appeared close to striking a debt-ceiling deal, and as the market weighed conflicting messages on supply from R[...]
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Wall Street rallies, European shares see biggest gain in 2 months
By Chris Prentice and Huw Jones NEW YORK/LONDON (Reuters) -Wall Street’s main indexes rose and European shares logged their largest one-day gain in two months on Friday as talks on raising the U[...]
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Factbox-Top US credit rating under watch as debt ceiling talks drag on
(Reuters) – Drawn-out negotiations between the White House and Republicans to raise the $31.4 trillion debt ceiling have unnerved markets and fanned worries about the economic impact of a possib[...]
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US Labor Department providing $653 million to help states upgrade UI systems
WASHINGTON (Reuters) – The U.S. Department of Labor said on Friday it was providing up to $653 million in grants to state governments to help safeguard against fraud by updating their unemployme[...]
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Dollar set for third week of gains as US debt talks loom large
By Hannah Lang WASHINGTON (Reuters) – The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditc[...]
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IMF says U.S. should tighten fiscal policy to help cut persistent inflation
By David Lawder DETROIT (Reuters) -The International Monetary Fund said on Friday U.S. interest rates will likely need to remain higher for longer to tame inflation, and Washington needs to tighten fi[...]
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Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
NEW YORK (Reuters) – U.S. consumer spending increased more than expected in April, boosting the economy’s growth prospects for the second quarter, and inflation picked up, which could see[...]
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