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News
NY Fed finds little change in inflation expectations in July
41+ min ago (264+ words) Aug 7 (Reuters) – Americans’ outlook for inflation was little changed in July compared to the prior month as households marked up their assessments of their current and future financial situations, a report from the Federal Reserve Bank of New York said…...
Fed’s Barkin says July jobs data matches recent trend
1+ hour, 14+ min ago (172+ words) Aug 7 (Reuters) - Federal Reserve Bank of Richmond President Thomas Barkin said Friday that hiring data for July represents a continuation of recent trends. The job data, which showed a decline in payrolls and little change in the unemployment r... Aug…...
Inflation data to test record-setting US stocks, Fed rate views
5+ hour, 41+ min ago (770+ words) NEW YORK, Aug 7 (Reuters) – A sharp technology-led rally that has lifted the U.S. stock market to record peaks will be tested next week by fresh inflation data, which could build the case for the Federal Reserve to raise interest rates....
World food prices hit 3-year high in July as weather and war weigh, FAO says
7+ hour, 39+ min ago (174+ words) PARIS, Aug 7 (Reuters) - World food prices rose in July to their highest in more than three years as adverse weather and war escalation in the Gulf and Black Sea supported crop markets, the United Nations' Food and Agriculture Organization said…...
Indian July consumer inflation likely edged higher on food prices: Reuters poll
6+ hour, 56+ min ago (369+ words) BENGALURU, Aug 7 (Reuters) – Indian consumer inflation likely rose in July, notching a second consecutive month above the RBI’s 4% medium-term target, as food prices edged higher, a Reuters poll showed. Uneven rainfall across the country this year has hampered agricultural output,…...
BOJ’s Masu among board members speaking before September policy meeting
9+ hour, 49+ min ago (207+ words) TOKYO, Aug 7 (Reuters) – Bank of Japan board member Kazuyuki Masu will join other board members in delivering speeches before the central bank’s next policy meeting September 17 to 18, which is widely expected to result in a rate hike. Masu will deliver…...
Morning Bid: Hoping for a clean and tidy jobs report
11+ hour, 7+ min ago (371+ words) A look at the day ahead in European and global markets from Stella Qiu Markets are mostly in a holding pattern as traders stayed on the sidelines ahead of the U.S. payrolls report which is getting notoriously difficult to predict month…...
Analysis-Jobs report will offer fresh test of Fed Chairman Warsh’s less-guidance stance
10+ hour, 5+ min ago (781+ words) Aug 7 (Reuters) – Federal Reserve Chairman Kevin Warsh wants the bond market to take the wheel, contending it should do more of the work of setting the price of money in America. The latest response to this question will come on…...
US job growth likely picked up in July; unemployment rate forecast unchanged at 4.2%
11+ hour, 41+ min ago (718+ words) WASHINGTON, Aug 7 (Reuters) – U.S. job growth likely picked up in July, offering reassurance that the labor market remained resilient and allowing the Federal Reserve to maintain its focus on inflation. The Labor Department’s closely watched employment report on Friday is…...
Philippines Q2 GDP grows 2.3% yr/yr, slower than expected
13+ hour, 27+ min ago (153+ words) MANILA, Aug 7 (Reuters) – The Philippine economy grew 2.3% in the second quarter from a year earlier, the statistics agency said on Friday, slower than expected. • Economists in a Reuters poll had expected the economy to grow 2.8% year-on-year in the second quarter,…...