DoubleLine’s Gundlach expects interest rates to fall as US economy worsens
(Reuters) – DoubleLine Capital CEO Jeffrey Gundlach expects interest rates are about to trend lower as the U.S. economy deteriorates further and tips into a …
economy
Fed leaves rates unchanged, acknowledges strong economy
NEW YORK (Reuters) – The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in borrowing costs …
Italy’s economy stagnates in Q3, but inflation slows sharply
By Gavin Jones and Antonella Cinelli ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months, preliminary data showed on …
Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say
Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say Will Kessler on October 22, 2023 The U.S. has recently seen consistent economic …
Ford says US fuel economy plan threatens ‘substantial economic hardship’
WASHINGTON (Reuters) – Ford Motor Co said the Biden administration’s proposal to drastically hike fuel economy standards through 2032 threatens “substantial economic hardship.” The automaker …
Australia central bank sees challenging economy, inflation risks
SYDNEY (Reuters) – The head of Australia’s central bank on Wednesday said the domestic economy was in a “challenging” situation with consumption slowing but inflation …
Walmart staffed up for holidays; US retailers cautious about economy
By Siddharth Cavale NEW YORK (Reuters) – Walmart signaled it has enough staff for the holidays, in another sign that top U.S. retailers, fearing a …
German economy expected to shrink slightly in Q3 – econ ministry
BERLIN (Reuters) – Germany’s economy is seen as shrinking slightly in the third quarter as the global economic slowdown, money tightening and energy prices slow …
French economy to grow modestly in third, fourth quarters -INSEE
PARIS (Reuters) – France is on course for modest economic growth heading into the end of the year as lower food inflation offers consumers some …
South Africa’s economy expected to improve into 2024 – Reuters poll
By Vuyani Ndaba JOHANNESBURG (Reuters) – South Africa’s economic growth is expected to pick up slightly next year due to better energy supply, a Reuters …
ECB can aim for soft landing for economy – Villeroy
MARRAKECH, Morocco (Reuters) -The European Central Bank should aim to engineer a “soft landing” for the euro zone’s economy, as long as it is confident …
BoE’s Dhingra says economy has ‘already flatlined’ – BBC
(Reuters) – Bank of England policymaker Swati Dhingra said the economy has already flatlined and about 20% or 25% of the impact of interest rate …
Fed’s Collins says economy has yet to feel full impact of Fed rate hike cycle
NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins on Wednesday said central bank rate rises are still working through the economy. …
German economy expected to contract 0.4% in 2023 – economy ministry
BERLIN (Reuters) – The German government expects the economy to shrink by 0.4% this year due to persistent inflation, high energy prices and weak international …
Yellen sticks to view U.S. economy headed for soft landing
By Andrea Shalal MARRAKECH, Morocco (Reuters) -U.S. Treasury Secretary Janet Yellen said on Wednesday she continued to expect the U.S. economy would have a soft …
New Zealand’s economy poses challenge for election victor
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s major parties have promised voters cost-of-living relief if they win Saturday’s general election, but there is one …
Imperative for Italy to control public spending, economy minister says
By Giuseppe Fonte ROME (Reuters) – Italy’s economy minister said on Tuesday strict control of public spending was essential as the European Union prepares to …
Putin says Russia’s economy can cope with higher defence spending on war
MOSCOW (Reuters) – The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President …
World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower
By Rachna Uppal DUBAI (Reuters) – The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on …
Canadian dollar seen rebounding as U.S. ties anchor domestic economy: Reuters poll
By Fergal Smith TORONTO (Reuters) – Analysts are sticking to their bullish forecasts on the Canadian dollar for the coming year, maintaining that the currency …
Ukraine’s economy set to continue to grow next year, deputy head of IMF mission
KYIV (Reuters) – Ukraine’s economy is adapting well to the wartime environment following Russia’s invasion and growth will continue next year, the deputy head of …
Japan’s economy running at near full capacity, BOJ estimates show
By Leika Kihara TOKYO (Reuters) – Japan’s economy has recovered and is running near its full capacity in the second quarter, data from the central …
Fed’s Mester open to another rate hike if economy stays on current path
By Michael S. Derby NEW YORK (Reuters) – Cleveland Federal Reserve President Loretta Mester said on Tuesday she is open to raising interest rates again, …
Japan’s economy minister says authorities must ensure end to deflation
By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) – Japan is no longer in deflation but policymakers need to ensure prices do not slide back …
German Chancellor says economy is facing cyclical downturn- Wirtschaftswoche
BERLIN (Reuters) – The cyclical weakness of the German economy shouldn’t be perceived as a structural problem, German Chancellor Olaf Scholz said on Thursday in …
Euro zone 2024 fiscal tightening seen limited by slowing economy
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments will try to bolster their public finances next year by withdrawing expensive energy price subsidies but …
German firms less willing to hire amid lacklustre economy -Ifo
BERLIN (Reuters) – German companies’ willingness to hire new staff took a hit in September, data from the Ifo Institute showed on Wednesday, underlining recession …
The elusive Fed ‘soft landing’ nears. Why are Americans so mad about the economy?
By Howard Schneider WASHINGTON (Reuters) – U.S. Federal Reserve Chair Jerome Powell said emphatically last week that people “hate inflation, hate it,” but he left …
Fed’s Goolsbee: High inflation remains the “bigger risk” to the economy
By Howard Schneider WASHINGTON (Reuters) – Inflation staying stuck above the Fed’s 2% target remains a greater risk than tight central bank policy slowing the …
China central bank adviser proposes structural reforms to revive economy
SHANGHAI (Reuters) – China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting …
Thailand’s weakening baht not all bad for economy – PM
BANGKOK (Reuters) – Thailand’s central bank is monitoring the weak baht, which is not entirely bad for the economy and could help the key export …
China should step up policy support for economy- ex-PBOC head
BEIJING (Reuters) – China should step up policy support for the economy while promoting reforms to help achieve the annual growth target of around 5%, …
Thailand plans higher borrowing in 2024 to boost economy – sources
BANGKOK (Reuters) -Thailand’s new government plans to borrow about 2.4 trillion baht ($66.4 billion) for the fiscal year 2024 starting on Oct. 1, up 9% …
BofA lifts S&P 500 2023-end target by 7%, led by “old economy” stocks
(Reuters) – BofA Global Research said on Wednesday it expects the S&P 500 to end 2023 nearly 7% higher than it previously forecast, and that …
China economy faces many difficulties, challenges -state planner official
BEIJING (Reuters) – China’s economy faces a lot of difficulties and challenges, said Cong Liang, vice chairman of the National Development and Reform Commission, on …
Argentina’s economy shrinks for first time in nearly three years
BUENOS AIRES (Reuters) – Argentina’s economy shrank 4.9% in the second-quarter of 2023 versus the year-ago period, the country’s statistics agency said on Tuesday, slightly …
German economy to shrink in Q3: Bundesbank
FRANKFURT (Reuters) – The German economy is likely to shrink this quarter as industry is in recession and private consumption is adding little to growth, …
Sri Lanka’s economy shrank 3.1% in Q2 amid financial crisis
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw …
Marketmind: Autoworkers’ walkout to test resilience of US economy
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Brewing industrial action looks set to test the resilience of the …
Finnish economy burdened by weak export demand and construction woes
By Anne Kauranen HELSINKI (Reuters) -Finland’s economic downturn will last longer than expected, driven by weaker export demand and a rapid slowdown in construction activity …
Japan’s new economy minister sees positive signs emerging for end of deflation
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s new Economy Minister Yoshitaka Shindo said on Thursday that positive signs were emerging in output gaps and other …
China, Venezuela sign agreements on economy, trade, tourism
BEIJING (Reuters) -Chinese President Xi Jinping and Venezuelan counterpart Nicolas Maduro have signed bilateral cooperation agreements in areas such as economy, trade and tourism, state …
Factbox-European companies cut jobs as economy sputters
(Reuters) – The highest inflation for decades and the fallout from war in Ukraine have forced companies across Europe into layoffs or hiring freezes. Here …
New Thai govt cuts diesel taxes, waives visas for Chinese tourists to spur economy
By Panarat Thepgumpanat and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s new government on Wednesday approved several measures aimed at boosting the economy, including a cut …
New ETF focuses on ‘blue economy’ of marine, freshwater resources
(Reuters) – Rockefeller Asset Management and KraneShares on Tuesday announced the launch of an exchange-traded fund (ETF) focusing on the so-called “blue economy,” which seeks …
China says its economy is ‘resilient’, rejects Western concerns
BEIJING (Reuters) – China’s economy is resilient and has not collapsed, the Chinese foreign ministry said on Tuesday, rejecting claims from the West that its …
New Zealand forecasts much larger budget deficit but improved economy
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s government on Tuesday predicted a larger budget deficit but better-than-expected economic conditions in the year ahead, as …
More Chinese seek bargains at Beijing market as confidence in economy wanes
By Liangping Gao and Marius Zaharia BEIJING/HONG KONG (Reuters) – Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has …
IMF urges pact to boost its resource quota, strengthen world economy
By Swati Bhat NEW DELHI (Reuters) – It is vital to increase quota resources for the International Monetary Fund (IMF) before year-end, its chief, Kristalina …
JOSH HAMMER: Biden Can’t Gaslight Struggling Americans Into Thinking His Economy Is Good
JOSH HAMMER: Biden Can’t Gaslight Struggling Americans Into Thinking His Economy Is Good Josh Hammer on September 9, 2023 The 2024 Joe Biden presidential campaign, …