monetary-policy
Top StoriesColumn-ECB Rates Pledge Spurs Punchy Hedge Fund Euro Bets: McGeever
Top StoriesConfronting the Inflation Beast: Five Questions for the ECB
Top StoriesCzech Central Bank Chief: Another Rate Hike Is Likely, by 75 Bps or More
Top StoriesStrong U.S. Labor Market Keeps Fed on Aggressive Rate Hike Path
Instant View: US May Payrolls Rise up Than Expected
Date: June 3, 2022
NEW YORK (Reuters) – U.S. employment increased more than expected in May, while the unemployment rate held steady at 3.6%, signs of a tight labor market that could keep the Federal Reserve’s foot on the brake pedal to cool demand. Nonfarm payrolls increased by 390,000 jobs last month, the Labor Department said on Friday. Data...
A Coming Crypto Storm for Central Banks? Focus on Digital Money Intensifies
Date: June 2, 2022
By Howard Schneider NEW YORK (Reuters) – Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even in the best of worlds likely to make control of interest rates more difficult, according to new Federal...
European Shares Rise After Two-Day Decline
Date: June 2, 2022
By Susan Mathew and Bansari Mayur Kamdar (Reuters) -European shares bounced on Thursday, led by industrial and luxury names, with gains limited by lingering worries over slowing economic growth and rising prices. The pan-European STOXX 600 index rose 0.6% after losing nearly 2% over the last two sessions. Volumes are expected to be subdued as...
Microsoft Warns of Forex Hit, Cuts Forecast
Date: June 2, 2022
(Reuters) -Microsoft Corp on Thursday cut its fourth-quarter forecast for profit and revenue, making it the latest U.S. company to warn of a hit from a stronger greenback and sending its shares down 3%. A hawkish Federal Reserve and heightened geopolitical tensions have driven a 14% gain in the dollar against a basket of currencies...
Dollar Retreats as Investors Reach for Riskier Currencies
Date: June 2, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar eased across the board on Thursday, ceding some of the ground gained in recent sessions as firmer risk sentiment prompted investors to reach for higher-yielding currencies. Stock markets around the world were largely stronger on Thursday after recent weakness, as bets Saudi Arabia may...
Ukraine Jacks up Key Rate to 25% in First Hike Since Russian Invasion
Date: June 2, 2022
By Natalia Zinets KYIV (Reuters) – Ukraine jacked up its main interest rate to a seven-year-high of 25% from 10% on Thursday, tightening policy for the first time since the Russian invasion to tackle double-digit inflation and protect the hryvnia as some business activity returns. The Feb. 24 invasion has devastated the economy, which could...