Britain yet to make the case for a digital pound, lawmakers say
The Bank of England is seen reflected on a balloon with the pound symbol during a protest against the hiking...
archiveECON
FOREX US dollar falls as Fed’s rate-hike cycle seen as likely done
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha Acquire Licensing...
GLOBAL ECONOMY Global factory activity stays weak, uncertainty on China clouds outlook
An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17,...
Take Five: That most wonderful time of the year
Macy's Santa Claus appears on the trading floor to celebrate the 97th Macy's Thanksgiving Day Parade at the New York...
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...
Rupee to open higher on robust India GDP, cooling US inflation
A currency trader is pictured through the symbol for the Indian Rupee on the floor of a trading firm in...
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...
EU members’ defence spending should buy more time for debt cuts -von der Leyen
European Commission President Ursula von der Leyen attends a solemn moment to remember the people killed in Israel, during the ongoing conflict with Hamas, at the European Parliament, in Brussels, Belgium, October 11, 2023. REUTERS/Johanna Geron/File Photo Acquire Licensing RightsBRUSSELS, Nov 30 (Reuters) - A country investing in cross-border EU defence projects should be given more time to cut its public debt under EU fiscal rules, the head of the European Commission said on Thursday.The fiscal rules are under revision and such a change would go beyond what has so...