BRASILIA (Reuters) – Brazil’s government submitted a bill to Congress on Friday that increases some income taxes as part of a revenue-raising effort, including a more pronounced rate hike[...]
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Articles
Solid US consumer spending pushes against hopes for hefty Fed rate cut
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-[...]
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Brazil’s government to end 2024 within fiscal target tolerance band, finance minister says
BRASILIA (Reuters) – Brazil Finance Minister Fernando Haddad said on Friday that the government should close this year within the tolerance band of its fiscal target if Congress approves the com[...]
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European shares inch up to record high as inflation data sets stage for ECB rate cut
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation c[...]
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FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken
By Khushi Singh (Reuters) -The UK’s main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hop[...]
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Fed seen poised for September rate cut as inflation cools
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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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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