monetary-policy
InvestingWall St Ends Lower, Treasury Yields Slide as Data Fuels Recession Jitters
Top StoriesWTO Sees “subpar” 2023 Trade Growth With Multiple Risks
InvestingStocks Falter as Economic Worries Nag, Nz Delivers Big Rate Hike
Top StoriesStocks, Yields Fall; Data Suggests U.S. Economy Cooling
Bank of England Still Needs to ‘see the Job Through’ on Inflation: Pill
Date: April 4, 2023
By David Milliken LONDON (Reuters) -Britain’s central bank still cannot be sure that it has raised interest rates enough to tame inflation, although significant past tightening should soon bear down on the economy, Bank of England Chief Economist Huw Pill said on Tuesday. “On balance the onus remains on ensuring enough monetary tightening is delivered...
Dollar Skids After Soft U.S. Economic Data; Impact of Opec+ Cuts Fades
Date: April 4, 2023
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar stumbled on Monday, surrendering earlier gains following unexpected oil output cuts from OPEC+, as data showed the U.S. economy continued to slow with declines in manufacturing and construction spending. Data on Monday added to the narrative that the Federal Reserve is near the end of its...
Explainer-Oil Price Surge Changes ECB Narrative Only at the Margins
Date: April 3, 2023
FRANKFURT (Reuters) – An oil production target cut announced by some of the world’s top exporters is bad news for the European Central Bank as it tries to bring down inflation but will not fundamentally alter the policy outlook, at least for now. The following examines how higher crude prices – which jumped around 5.5%...
Dollar Trims Gains vs Euro After U.S. Inflation Data
Date: March 31, 2023
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar pared gains against the euro on Friday after U.S. data showed personal consumption expenditure growth slowed in February, supporting hopes of a softer monetary policy approach from the Federal Reserve. U.S. consumer spending rose moderately in February, likely payback after surging the prior month, and while...
BoE’s Mann: Falling Headline Inflation, High Core, Make Policy Difficult
Date: March 30, 2023
WASHINGTON (Reuters) – Falling energy prices will lower headline inflation towards the Bank of England’s 2% target, but persistent underlying inflation will make it hard for the Bank of England to set monetary policy as the year progresses, Bank of England monetary policy committee member Catherine Mann said on Wednesday. “Gas prices in particular are...
Stocks Rise After Bank Sale Fuels Investor Risk Appetite
Date: March 28, 2023
By Amanda Cooper LONDON (Reuters) -Global stocks rose and the dollar eased on Tuesday, after a deal backed by the U.S. regulator for First Citizens BancShares to buy up Silicon Valley Bank soothed some of the recent concern about the health of the banking sector. U.S. banking regulators said on Monday they planned to tell...