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Anxious French consumers cut back as election and budget battles loom
2+ day, 5+ hour ago (707+ words) PARIS, Sept 11 (Reuters) – A cash-strapped customer split an entrecôte steak with a companion the other day at David Zenouda’s Paris restaurant while others increasingly share starters, skip wine at lunch or opt only for a main course. It’s a sign…...
BOJ set to lift rates next week but offer few clues on terminal, sources say
2+ day, 9+ hour ago (736+ words) By Leika Kihara and Takahiko Wada TOKYO, Sept 11 (Reuters) – The Bank of Japan is set to raise interest rates next week, most likely by 25 basis points, and may signal faster future tightening if price pressures heighten risks of an inflation…...
Bond yields hit multi-year highs as traders brace for new ECB rate-hike cycle
2+ day, 20+ hour ago (649+ words) LONDON, Sept 10 (Reuters) – Traders in the euro area were bracing for interest rate hikes well into next year on Thursday as the European Central Bank hiked borrowing costs and increased its inflation forecast, just as oil prices jumped again due…...
IMF say global growth on track to reach 3% in 2026, but risks remain high
2+ day, 21+ hour ago (188+ words) WASHINGTON, Sept 10 (Reuters) - The IMF on Thursday said the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but…...
Fed, eyeing inflation data, may lean toward a hike, traders bet
2+ day, 21+ hour ago (419+ words) Sept 10 (Reuters) – The Federal Reserve is a bit more likely to raise short-term borrowing costs at its meeting next week, traders bet on Thursday, after the first of this week’s key inflation reports. Data showed U.S. producer prices rose…...
Major central banks strike a more hawkish tone as energy costs jump
2+ day, 22+ hour ago (738+ words) By Stefano Rebaudo and Sophie Kiderlin Sept 10 (Reuters) – Persistent inflation pressures and resilient economic growth have increased the risk of further rate hikes by major central banks, as energy prices rise and Middle East tensions show little sign of easing....
Instant View: ECB hikes rates as Iran war adds to inflation angst
2+ day, 23+ hour ago (599+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
ECB lifts growth, inflation projections
2+ day, 23+ hour ago (217+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised some of its growth projections on Thursday and also lifted its inflation outlook, suggesting that it expects a war-induced energy shock to dissipate only slowly. Inflation soared past 3% this summer and is…...
ECB raises interest rates to fight off inflation jump
3+ day, 4+ min ago (417+ words) FRANKFURT, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. Surging…...
JetBlue raises third-quarter fuel price forecast
3+ day, 26+ min ago (171+ words) Sept 10 (Reuters) – JetBlue Airways expects to pay more for fuel in the third quarter as the Iran war keeps prices elevated, while demand for travel remains strong. The carrier said on Thursday it expects to pay $3.96 per gallon for fuel…...