Central banks, still waiting for relief on inflation, lean higher on rates
[1/2] Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration WASHINGTON/FRANKFURT, June 15 (Reuters) – Two years into confronting rising inflation,...
Fed kicks off meeting-by-meeting policymaking amid high uncertainty
[1/2] 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 June 13...
US Congress averts historic default, approves debt-limit suspension
WASHINGTON, June 1 (Reuters) – The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government’s $31.4 trillion debt...
The end of King Dollar? The forces at play in de-dollarisation
[1/2] A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao LONDON, May 25 (Reuters) – Rivalry with...
Inflation has eroded US households’ financial security, Fed survey shows
[1/2] A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo May...
Biden’s budget vs. Republican debt ceiling bill on spending, deficits, taxes
WASHINGTON, May 15 (Reuters) – President Joe Biden’s administration and Republicans in the U.S. Congress are in talks to end their standoff over raising the...
Global equity funds see biggest weekly outflow in five weeks
May 5 (Reuters) – Global equity funds suffered massive outflows in the week to May 3, hit by weak economic data and worries over a...
How a US debt crisis standoff could cause a recession – a bad one
WASHINGTON, May 3 – A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if...
US may default on June 1 without debt ceiling hike; Biden, McCarthy to meet
WASHINGTON, May 1 (Reuters) – U.S. President Joe Biden on Monday summoned the four top congressional leaders to the White House next week after the...
Argentine peso hits record low in black market as economy creaks
BUENOS AIRES, April 20 (Reuters) – Argentina’s peso currency sank in widely used parallel markets on Thursday, hitting a record low against the U.S. dollar...