WASHINGTON, June 7 (Reuters) – The U.S. economy is strong amid robust consumer spending but some areas are slowing down, U.S. Treasury Secretary Janet Yellen said on Wednesday, adding that she expects continued progress in […]
Lenders are significantly increasing the cost of mortgage borrowing, as was widely expected following last month’s inflation news, to the dismay of beleaguered borrowers, writes Jo Thornhill. The headline rate of inflation fell from 10.1% to […]
(Bloomberg) — The Bank of Canada probably isn’t done raising interest rates. Whether they move now or in July, policymakers led by Governor Tiff Macklem are expected to resume their tightening campaign. About one in […]
LONDON, June 6 (Reuters) – The Bank of England is trying to curb an inflation rate that is running higher in Britain than in the United States and the euro zone, without pushing the economy […]
Continuous inflationary pressure and higher interest rates will remain the main problem for the global economy next year, together with the overriding concern about longer-term growth prospects, the managing director of the International Monetary Fund […]
(Bloomberg) — The UK is less of an outlier in terms of its inflation rate than recent data and analysis would suggest, according to Panmure Gordon. While both headline and core inflation remain higher than […]
The Euro Zone’s annual headline inflation rate fell to 6.1% in May from 7% in April, below the 6.3% predicted in a Reuters poll of economists. Core inflation, closely-watched by the European Central Bank, eased […]
The head of Australia’s central bank on Wednesday pledged to do whatever is necessary to bring inflation back to target, warning that risks to inflation are on the upside and households should brace for the pain ahead. Appearing before lawmakers, Reserve Bank of Australia Governor Philip Lowe […]
Markets On Friday, strong US eco data (durable goods orders, spending and income data and, last but not least, PCE deflators) all supported the market repositioning that already dominated the price action earlier last week. […]
The near-term climate isn’t constructive for the oldest financial haven of them all. Reports of progress toward raising the US Federal debt ceiling have weighed on the market, chiming with a widespread belief that a […]
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