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Is the wild ride over? Fed faces broader debate as it tees up rate hike

BY Reuters  • July 17, 2023July 17, 2023
By Howard Schneider WASHINGTON (Reuters) – Since the Federal Reserve decided to keep interest rates on hold at its June 13-14 policy meeting, U.S. central bank officials have given every indicat[...]
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Business Economy Updated US

Dollar decline slows as investors wait on Fed

BY Reuters  • July 17, 2023July 17, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar dipped against a basket of currencies on Monday after last week suffering its largest weekly decline this year as Treasury yields tumbled, but h[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Goldman Sachs cuts probability of US recession in next 12 months

BY Reuters  • July 17, 2023July 17, 2023
By Davide Barbuscia NEW YORK (Reuters) -Goldman Sachs’ Chief Economist Jan Hatzius said on Monday the bank was cutting its probability that a U.S recession will start in the next 12 months to 20[...]
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Business Economy Updated US

NY Fed report finds Americans increasingly facing borrowing headwinds

BY Reuters  • July 17, 2023July 17, 2023
By Michael S. Derby (Reuters) – Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank reported that in June, acro[...]
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Business Economy Entertainment and Lifestyle US

Brazil’s economic activity surprises negatively with 2% decline in May

BY Reuters  • July 17, 2023July 17, 2023
BRASILIA (Reuters) – Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country’s growth, even as analysts have b[...]
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Business Economy Latin America

European shares slip as Richemont, China data drag

BY Reuters  • July 17, 2023July 17, 2023
By Amruta Khandekar, Shreyashi Sanyal and Shristi Achar A (Reuters) -European shares fell on Monday as Richemont led a slide among luxury firms on weaker-than-expected organic sales growth and as lack[...]
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Business Economy Europe Updated

Yellen does not see recession in U.S. – Bloomberg interview

BY Reuters  • July 17, 2023July 17, 2023
By Andrea Shalal WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Monday the United States was making good progress in bringing inflation down and she did not expect the U.S. economy[...]
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Business Economy Updated

Russian inflation expectations jump to 11.1% with rate decision imminent

BY Reuters  • July 17, 2023July 17, 2023
MOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households climbed to 11.1% in July from 10.2% in June, the central bank said on Monday, just days before it is wide[...]
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Asia Business Economy Europe Politics

India needs to grow at 7.6% a year for 25 years to be a developed nation -cenbank bulletin

BY Reuters  • July 17, 2023July 17, 2023
MUMBAI (Reuters) – India will need to grow at a rate of 7.6% annually for the next 25 years to become a developed nation, according to a research paper published by the central bank in its month[...]
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