US consumer spending accelerates; declining savings a red flag
Consumer spending increases 0.8% in JulyPersonal income gains 0.2%; savings rate falls to 3.5%Core PCE price index rises 0.2%; up...
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Fed can stop hiking rates if economy slows at current pace, Rosengren says
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 30 (Reuters) -...
Analysis: Europe’s weaker economy limits fallout of US bond rout
Divergence opening up between European and U.S. bondsTreasury yields touched 2007 highs while Germany laggedInvestors bet on weak European growth,...
Hungary central bank to cut one-day deposit rate by 100 basis points next week
BUDAPEST, Aug 25 (Reuters) - Hungary's central bank is expected to continue its 100 bps rate cuts next week to...
Fed’s Powell: higher rates may be needed, will move ‘carefully’
JACKSON HOLE, Wyoming, Aug 25 (Reuters) - The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy."We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address to the Jackson Hole...
UK pay deals cool for first time in 2023, easing pressure on BoE: XpertHR
A man works at a computer on a standing desk in an office in the financial district of Canary Wharf...
S.African Reserve Bank to kick off easing cycle early next year -economists
A view shows the logo of South Africa's central reserve bank, at the reserve bank offices in Pretoria, South Africa,...
Higher British mortgage rates squeeze housing affordability: Halifax
People walk past a row of colourful houses in London, Britain, March 19, 2023. REUTERS/Henry Nicholls/File Photo Acquire Licensing RightsLONDON,...
Norway central bank raises rate to 4.0%, eyes September hike
People go about their day near Norway's central bank building in Oslo, Norway May 31, 2017. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsARENDAL, Norway, Aug 17 (Reuters) - Norway's central bank raised its benchmark interest rate by 25 basis points to 4.0% on Thursday to try to curb inflation, as widely forecast, and said it would likely hike again in September.Thursday's hike had been expected by all 31 economists polled by Reuters, and a majority of poll participants predicted the rate would hit a peak of 4.25% by the end of...
Fed officials divided in July over need for more rate hikes, minutes show
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Acquire Licensing RightsWASHINGTON, Aug 16 (Reuters) - Federal Reserve officials were divided over the need for more interest rate hikes at the U.S. central bank's July 25-26 meeting, with "some participants" citing the risks to the economy of pushing rates too far even as "most" policymakers continued to prioritize the battle against inflation, according to minutes of the session that were released on Wednesday."Participants remained resolute in their...