By Ann Saphir (Reuters) -Federal Reserve policymakers on Friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they shi[...]
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August 30, 2024
ECB would be “wise” to cut rates in September, Villeroy says
PARIS (Reuters) -The European Central Bank would be “wise” to deliver another interest rate cut in September, French policymaker Francois Villeroy de Galhau said, warning there was a risk[...]
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India outperforms other major economies even as growth slows in April-June
By Manoj Kumar NEW DELHI (Reuters) -India’s economic growth slowed to 6.7% year-on-year in the April-June quarter as a decline in government spending during national elections weighed, data show[...]
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US consumers’ near-term inflation expectation lowest since 2020, UMich data shows
(Reuters) – U.S. consumers see inflation continuing to moderate in the next year, with a gauge of price growth expectations published on Friday at the lowest level in August since late 2020. The[...]
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Explainer-Charting the Fed’s economic data flow
(Reuters) -The U.S. central bank held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its July 30-31 policy meeting, but since then Federal Reserve Chair Jer[...]
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Canada’s growth stronger than expected, bank still seen cutting rates
By Promit Mukherjee OTTAWA (Reuters) -Canada’s economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates[...]
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US bond funds see sharp inflows amid bets of rate cut
(Reuters) – U.S. bond funds racked up solid inflows in the week to Aug. 28 thanks to a robust purchase in government bond funds, driven by bets of a Federal Reserve interest rate cut in Septembe[...]
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US economy displays resilience with low layoffs, solid second-quarter growth
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits slipped last week, but re-employment opportunities for laid-off workers are becoming[...]
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US regulator finds banks have work to do on climate risk, sources say
By Isla Binnie and Nupur Anand NEW YORK (Reuters) – A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to[...]
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