US power use to slide in 2023 on slower economic growth
June 6 (Reuters) - U.S. power consumption will ease in 2023 from last year's record high as slower economic growth...
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High inflation and recession risk – the Bank of England’s dilemma
LONDON, June 6 (Reuters) - The Bank of England is trying to curb an inflation rate that is running higher...
Dollar on back foot after weak ISM; Aussie awaits RBA
TOKYO, June 6 (Reuters) - The dollar languished well below last week's 2-1/2-month highs on Tuesday after unexpectedly soft U.S....
Dollar bears bide their time as US economic strength persists
NEW YORK, June 5 (Reuters) - A strong U.S. economy is giving an unexpected boost to the dollar, frustrating bearish...
S&P spares France from rating downgrade
PARIS, June 2 (Reuters) - Ratings agency S&P spared France on Friday the embarrassment of downgrading the country's sovereign debt,...
Analysis: Despite chaos and risk, Washington sticks with its debt limit
WASHINGTON, June 2 (Reuters) - The latest standoff over the U.S. debt ceiling, resolved just days before the government faced a devastating default, has prompted some to call for the country to ditch its self-imposed borrowing limit.That's not likely to happen any time soon.Though the showdown unnerved investors and prompted threats of a second U.S. debt downgrade in a little over a decade, proposals to abolish the debt ceiling have gained little traction in Congress in recent years.Republicans have shown no interest in abandoning a point of leverage that they...
Dollar stumbles as signs point to Fed skipping June rate hike
June 1 (Reuters) - The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting.The euro recovered from a two-month low on Thursday after European Central Bank (ECB) President Christine Lagarde said further policy tightening was necessary.The dollar index , which measures the currency against a basket of six peers, fell 0.547% at 103.580, off a two-month high of...
US labor market still tight as weekly jobless claims edge up
Weekly jobless claims increase 2,000 to 232,000Continuing claims up 6,000 to 1.795 millionPrivate payrolls rise by 278,000 in MayWASHINGTON, June...
Analysis: Germany leads big bond rally as inflation finally heads down
Germany leads biggest bond rally since mid-MarchFalling inflation and weakening economy send yields tumblingInvestors eye end of ECB hikes but...
ECB still has ground to cover but policy is working: Lagarde
FRANKFURT, June 1 (Reuters) - Euro zone inflation remains too high, so further European Central Bank policy tightening is necessary,...
