Bank of England drags Bagehot into the shadows
LONDON, Dec 1 (Reuters Breakingviews) - Walter Bagehot’s 1873 book “Lombard Street” is a bible for financial policymakers. The English...
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Yellen says US economy does not need drastic tightening, ‘soft landing’ on track
U.S. Treasury Secretary Janet Yellen attends a press conference in San Francisco, California, U.S., November 10, 2023. REUTERS/Carlos Barria/File Photo Acquire Licensing RightsBESSEMER CITY, North Carolina, Nov 30 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy does not need further drastic monetary policy tightening to stamp out inflationary expectations and was on track to achieve a "soft landing" with strong employment.Yellen told reporters after a speech at a lithium processing plant in North Carolina that in the past, the Federal Reserve sometimes had...
US consumer spending cools; labor market gradually slowing
Consumer spending increases 0.2% in OctoberPersonal income gains 0.2%; saving rate climbs to 3.8%Core PCE price index rises 0.2%; up...
Market pushback on central banks’ rates view just got louder
Markets now price hefty ECB, Fed rate cuts in 2024Nov euro zone inflation eases more than expectedGap with central bank messaging widens furtherLONDON, Nov 30 (Reuters) - A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets on interest rate cuts in the United States and Europe as evidence grows that inflationary pressures are fast abating.Money markets are now pricing in over 100 basis points apiece of rate cuts from the U.S. Federal Reserve and European Central Bank next year, and...
European shares post best month since Jan as tumbling inflation spurs rate cut bets
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, August 7, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsItaly's FTSE MIB hits 15-year highEuro zone inflation tumble pits ECB against marketsASR jumps after final settlement with interest groupsSTOXX 600 adds 0.5%Nov 30 (Reuters) - European shares hit a more than two-month high on Thursday, ending November sharply higher, after data showing a drop in inflation in the U.S. and Europe boosted bets that central banks will soon be cutting interest rates.The pan-European STOXX 600 (.STOXX)...
Euro zone inflation dents euro, dollar rises from three-month low
A New Zealand dollar coin sits atop a United States one dollar bill in this photo illustration taken on March...
ECB’s Panetta warns of risk of economic damage from high interest rates
Newly appointed Governor of the Bank of Italy, Fabio Panetta looks on as he attends a banking conference in Rome,...
FTSE 100 slips for the third day as financials weigh
A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst...
US third-quarter growth revised higher; corporate profits rise strongly
Third-quarter GDP growth raised to 5.2% rate from 4.9%Consumer spending revised lowerCorporate profits increase 4.3%WASHINGTON, Nov 29 (Reuters) - The...
Morning Bid: Waller to Wall St, Fed’s on the turn
A look at the day ahead in U.S. and global markets from Mike DolanAs Wall Street mourns the passing of...
