monetary-policy
Top StoriesCentral Bankers Head to U.S. Mountains With a Bad Case of Inflation Reflux
Top StoriesWorld at Rising Risk of Recession as Inflation Hits Consumers
Top StoriesEuro Zone Business Activity Contracted Again in Aug, Outlook Bleak
Top StoriesECB Must Be Prudent With Rates Hikes as Recession Risk Rises: Panetta
Euro Zone Business Activity Contracted Again in Aug, Outlook Bleak
Date: August 23, 2022
By Jonathan Cable LONDON (Reuters) -Business activity across the euro zone contracted for a second straight month in August as the cost of living crisis forced consumers to curtail spending while supply constraints continued to hurt manufacturers, a survey showed on Tuesday. The global economy is increasingly at risk from sliding into recession as Russia’s...
Gas Crisis Sends Euro Back Below Parity Against Dollar
Date: August 22, 2022
By Dhara Ranasinghe and Joice Alves LONDON (Reuters) – The euro briefly fell back below parity against a robust dollar on Monday and was languishing at five-week lows, weighed down by concern that a three-day halt to European gas supplies later this month will exacerbate an energy crisis. China’s yuan dropped to its lowest in...
China Steps up Easing, Cuts Lending Benchmarks to Revive Faltering Economy
Date: August 22, 2022
By Winni Zhou and Brenda Goh SHANGHAI (Reuters) -China cut its benchmark lending rate and lowered the mortgage reference by a bigger margin on Monday, adding to last week’s easing measures, as Beijing boosts efforts to revive an economy hobbled by a property crisis and a resurgence of COVID cases. The People’s Bank of China...
Take Five: Taking in the Vistas From Jackson Hole
Date: August 19, 2022
(Reuters) – Jackson Hole, Wyoming, is the focal point for markets in the coming week as investors zero in on the Federal Reserve’s annual confab. Business activity indicators in the euro zone and an inflation gauge in the United States are also on tap, while rate cuts may be looming in China. Here is a...
Shares Choppy, U.S. Yields Fall as Investors Digest Fed Minutes
Date: August 18, 2022
By Chibuike Oguh NEW YORK (Reuters) – Global equity markets were choppy and U.S. Treasury yields fell on Thursday, as uncertainty over the pace of interest rate hikes prevailed among investors after the Federal Reserve’s meeting minutes showed officials were determined to curb rising prices. Markets have remained bearish amid concerns about a looming recession,...
Dollar Bounces as Fed Seen Keeping up Aggressive Rate Hikes
Date: August 18, 2022
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index hit a three-week high on Thursday as investors reevaluated Wednesday’s minutes from the Federal Reserve’s July meeting as more hawkish than originally interpreted and after data showed solid U.S. economic momentum. The dollar pared gains on Wednesday after the meeting minutes showed that Fed...