ECB to hike rates in June and July to break sticky inflation, Reuters poll shows
Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/IllustrationBENGALURU, June 8 (Reuters) - The European Central...
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Bank failures, ‘hard landing’ still top-of-mind for hedge funds
NEW YORK, June 7 (Reuters) - Big U.S. hedge fund and family office investors on Wednesday cautioned that despite the U.S. economy showing resilience, a recession and more bank failures remained likely in an environment of persistent inflation.U.S. investor Stanley Druckenmiller, chairman and chief executive officer at Duquesne Family Office, said he still expected a hard landing for the U.S. economy - a scenario where the Federal Reserve's rate-hiking pushes the economy into a recession."I think the probabilities would suggest that Silicon Valley Bank, Bed Bath & Beyond, they're probably...
UK has limited room for pre-election tax cuts, OECD says
LONDON, June 7 (Reuters) - The government of British Prime Minister Rishi Sunak has little room to cut taxes ahead...
Euro zone consumers more hopeful on inflation
A shopper pays with a five Euro bank note to buy eggs at a local market in Nice, France, April...
Major UK lender Halifax pushes up mortgage rates
LONDON, June 6 (Reuters) - Britain's largest mortgage provider Halifax will ramp up interest rates for new home loans on...
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...
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,...
US consumer confidence ebbs; monthly house prices rise
Consumer confidence index falls to 102.3 in MayLabor market differential drops to 31 from 36.9 in AprilMonthly house prices increase...
Dollar set for third week of gains as US debt talks loom large
WASHINGTON, May 26 (Reuters) - The dollar was set for a third straight weekly gain on Friday, as markets raised bets on higher-for-longer interest rates and amid closely watched last-ditch talks on the U.S. debt ceiling.Apparent progress in the talks between President Joe Biden and top congressional Republican Kevin McCarthy helped ease investor jitters, but doubts remained about when both sides would reach agreement.Biden and McCarthy are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items,...