(Reuters) – Goldman Sachs on Wednesday lowered its forecast for fourth-quarter U.S. gross domestic product (GDP) growth, citing risks to the lending environment as smaller banks pull back on loa[...]
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March 15, 2023
US retail sales point to underlying strength in the economy
By Lucia Mutikani WASHINGTON (Reuters) – U.S. retail sales fell moderately in February, likely payback after the prior month’s outsized increase, but the underlying momentum remained stron[...]
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Tokyo coffee shop made famous on Tiktok draws returning tourists hungry for pudding
By Rocky Swift and Irene Wang TOKYO (Reuters) -With a rapid, right-hand swoop, Shizuo Mori served the last of about 50 puddings on Wednesday, a treat that’s made his tiny Tokyo coffee shop a des[...]
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U.S. business inventories fall for first time in nearly two years
WASHINGTON (Reuters) – U.S. business inventories fell for the first time in nearly two years in January, potentially setting up inventory investment to be a drag on economic growth in the first[...]
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Poles feel the pinch as inflation hits peak
GDANSK, Poland (Reuters) – Polish consumers say they are struggling to pay household bills and buy basic groceries as price rises have reached their steepest in more than a quarter of a century.[...]
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Fed’s new banking backstop could slow balance sheet drawdown
By Michael S. Derby (Reuters) – The two recent U.S. bank collapses and the Federal Reserve’s new lending program that was launched to prevent wider financial system fallout may have a knoc[...]
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U.S. producer prices unexpectedly fall in February
WASHINGTON (Reuters) – U.S. producer prices unexpectedly fell in February and the rise in prices in January was not as large as initially thought, offering some hopeful signs in the fight agains[...]
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China’s central bank warns against U.S., Western ‘suppression’
BEIJING (Reuters) -The People’s Bank of China (PBOC) said on Wednesday it will “appropriately” respond to U.S. and Western “containment and suppression”, in a rare warnin[...]
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UK economy forecast to contract by 0.2% in 2023
LONDON (Reuters) – Britain’s economy is forecast to contract by 0.2% in 2023, finance minister Jeremy Hunt said on Wednesday, citing the latest projections from the Office for Budget Respo[...]
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