Consumer spending in the US rebounds, but high inflation erodes demand

Consumer spending increased by 0.4% in August Personal income increases by 0.3%; savings rate stable at 3.5% Core PCE price index rises by 0.6%; up 4.9% year on year WASHINGTON, Sept. 30 (Reuters) – U.S. consumer spending rose more-than-expected in August, but the Federal Reserve’s aggressive rate hikes as it battles stubbornly high inflation are … Read more

Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The door slams on the Fed’s “put” as the pain of the market takes a back seat to the fight against inflation

WASHINGTON, Sept. 28 (Reuters) – In the month since Federal Reserve Chairman Jerome Powell established a hard line on inflation, stocks have taken double-digit losses, opened gulfs in global currency markets, and safer US government debt yields have it has risen to its highest levels since the dark days of the financial crisis nearly a … Read more

Fed officials pin down market volatility, saying inflation remains the center of attention

Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sept. 26 (Reuters) – US Federal Reserve officials on Monday dismissed increasing volatility in global markets, from plummeting US equities to foreign currency turmoil, and said their priority remains domestic inflation control. . Asked at a Washington Post event whether he felt US investors … Read more

World Bank Malpass has called for resignation after concerns about climate change

Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sept. 21 (Reuters) – World Bank President David Malpass came under heavy criticism on Wednesday after refusing to say whether he accepts the scientific consensus on global warming, reigniting concerns about the bank’s lack of a deadline to stop. the financing of fossil fuels. … Read more

Faced with requests for resignation, Malpass changes the response to the climate crisis

Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sept. 22 (Reuters) – Under pressure to step down for refusing to say whether he accepts scientific consensus on global warming, World Bank President David Malpass said Thursday it is clear greenhouse gas emissions are causing climate change. and defended his record as a … Read more

Republicans warn bank CEOs to steer clear of social and cultural issues

Senator Pat Toomey speaks at the Dirksen Senate Office Building in Washington, DC, USA, May 10, 2022. Tom Williams / Pool via REUTERS / file Photo / file Photo Register now for FREE unlimited access to Reuters.com Sign in WASHINGTON, Sept. 22 (Reuters) – On Thursday, the heads of the nation’s largest banks faced stinging … Read more

The US job market is resilient as signs of recession strengthen

Weekly claims for unemployment benefits increase from 5,000 to 213,000 Continuous requests drop from 22,000 to 1,379 million WASHINGTON, Sept. 22 (Reuters) – The number of Americans filing new jobless claims increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive hikes. interest rates. The … Read more

The US Treasury official criticizes China’s “unconventional” debt practices

Chinese yuan banknotes can be seen in this illustrative photo taken on April 25, 2022. REUTERS / Florence Lo / Illustration Register now for FREE unlimited access to Reuters.com Sign in China is the largest official creditor in the world Lack of transparency, confidentiality agreements under fire Progress urged on Common Debt Framework Agreements for … Read more

Retail sales in the US rise unexpectedly, but inflation holds back spending

Retail sales rose 0.3% in August July data has been revised down to show a 0.4% drop in sales Major retail sales unchanged; July sales revised downwards Weekly claims for unemployment benefits drop from 5,000 to 213,000 Manufacturing production rose by 0.1% in August WASHINGTON, Sept. 15 (Reuters) – U.S. retail sales rebounded unexpectedly in … Read more