US GDP growth unrevised at 2.1% in second quarter as economy shows resilience
Second-quarter GDP growth unrevised at 2.1%Inflation slows in second quarterWeekly jobless claims increase 2,000 to 204,000Continuing claims rise 12,000 to...
archiveGDP
Global share index slips as investors absorb ‘higher-for-longer’ rate outlook
Treasury yields move above 4.50%, dollar gainsOil prices settle close to flat, U.S. stocks end higherInvestors assess outlook ahead of...
US government shutdown would delay release of key economic data, official says
People shop in a supermarket as rising inflation affected consumer prices in Manhattan, New York City, U.S., June 10, 2022....
Morning Bid: Shutdown, oil, auctions and China rankle
The U.S. Capitol Building is seen in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing RightsA look at...
UK recession risk deepens but consumers stay unfazed
A branch of the discount retail homeware store Wilko is seen in Altrincham, Britain, September 11, 2023. REUTERS/Molly Darlington/File Photo...
Dollar eases after Fed-spurred rise; yen stronger ahead of BOJ
Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration,...
Hungary central bank chief, finance minister spar over inflation-hit economy
Hungarian Central Bank Governor Gyorgy Matolcsy speaks during a business conference in Budapest, Hungary, June 9, 2021. REUTERS/Bernadett Szabo/File Photo Acquire Licensing RightsEGER, Hungary, Sept 21 (Reuters) - Hungary's central bank signalled caution on further rate cuts on Thursday while the government flagged a higher deficit and a new tax on banks to offset a drop in tax revenue as the highest inflation in the European Union hobbles the economy.The suggestion of a new tax on Hungary's banks, about half of which are foreign-owned, sent shares in central Europe's largest...
Morning Bid: Fed leaves shoe dangling in policy parade
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022....
Swiss National Bank to expand liquidity provision to banks – Vice-Chairman
Vice-Chairman of the Swiss National Bank (SNB) Martin Schlegel attends a news conference in Zurich, Switzerland, March 23, 2023. REUTERS/Denis...
Fed keeps rates steady, toughens policy stance as ‘soft landing’ hopes grow
Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...