News
Fed’s Goolsbee, Hammack say inflation is flashing ‘orange,’ or worse
1+ hour, 58+ min ago (401+ words) April 6 (Reuters) " Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather than looser monetary policy as the Iran "war puts upward…...
White House says increased productivity means Fed can cut rates
4+ hour, 1+ min ago (168+ words) April 6 (Reuters) - White House economic adviser Kevin Hassett told CNBC "on Monday that "he believes a "supply shock" in the U.S. economy caused by capital spending and "higher "productivity from "artificial intelligence will "allow the Federal Reserv... April 6 (Reuters) " White House…...
US service sector cools in March; price paid measure highest in 3-1/2 years
5+ hour, 19+ min ago (426+ words) WASHINGTON, April 6 (Reuters) " U.S. services sector growth slowed in March, while prices paid by businesses for inputs climbed to near a 3-1/2-year high, an early sign that the prolonged war with Iran was boosting inflation "pressures. The Institute for Supply Management…...
War weighs on Egypt’s private sector as PMI hits near two-year low in March
1+ day, 13+ hour ago (281+ words) April 5 (Reuters) " Egypt's non-oil private sector deteriorated at its sharpest pace in almost two years in March, as the Middle East war drove "up costs and dampened client demand, a closely "watched business survey showed on Sunday. The headline S…...
Vietnam Q1 GDP growth slows to 7.83% y/y from 8.46% y/y in Q4
2+ day, 17+ hour ago (308+ words) HANOI, April 4 (Reuters) " Vietnam's economy slowed in the first quarter from the previous three months, data showed on Saturday, as its heavy exposure to Middle "Eastern oil imports pressured growth. Gross domestic product grew "7.83% in the January"March period from…...
Inflation in focus for markets jostled by Middle East war signals
3+ day, 9+ hour ago (706+ words) NEW YORK, April 3 (Reuters) " A fresh read on inflation and initial company results next week could start to show the Middle East war's effects on the U.S. economy and corporate America, as investors hope to start moving past a conflict that…...
World food prices extend rise in March, United Nations’ FAO says
3+ day, 11+ hour ago (144+ words) PARIS, April 3 (Reuters) - World food prices climbed in "March to "the highest level since December, marking a second consecutive monthly "increase, "the United "Nations Food and "Agriculture Organization said on Friday. The FAO Food Price Index, "whic... PARIS, April 3 (Reuters)…...
Russia’s services sector contracts for first time in six months, PMI shows
3+ day, 13+ hour ago (234+ words) MOSCOW, April 3 (Reuters) " Russia's services sector contracted in March for the first time in six months as demand softened and "new orders broadly stalled, a business "survey showed on Friday. The S&P Global Russia Services PMI Business Activity Index…...
BOJ to raise rates with eye on Iran war fallout, central bank official says
3+ day, 15+ hour ago (252+ words) TOKYO, April 3 (Reuters) " The Bank of Japan will continue to raise interest rates while keeping a close eye on "how the Middle East conflict affects the "economy and underlying inflation, a senior central bank official said on Friday. While rising…...
Japan’s services growth slows as Middle East war dents confidence, PMI shows
3+ day, 18+ hour ago (306+ words) TOKYO, April 3 (Reuters) " Japan's services sector grew at its weakest pace in three months in March, a private survey showed on Friday, as rising uncertainty over "the Middle East war crushed business confidence to its "lowest level since the pandemic....