Finance

By Luana Maria Benedito and Gabriel Burin SAO PAULO/BUENOS AIRES (Reuters) – Economists are unusually split over the size of a likely Brazil interest rate reduction on May 8, a Reuters poll found, amid changing views about the future path of U.S. monetary policy and persistent local inflation worries. In August 2023, the central bank …

Brazil economists split over size of likely rate cut on May 8: Reuters poll Read More »

(Reuters) – The U.S. services sector contracted in March, while a measure of prices paid by businesses for inputs jumped, a worrisome sign for the outlook on inflation. The Institute for Supply Management (ISM) said on Friday that its non-manufacturing PMI fell to 49.4 last month from 51.4 in March, the lowest reading since December …

US service sector contracts in April; price pressures reaccelerate Read More »

(Reuters) – Inflation should continue to decline even as the U.S. central bank holds its benchmark interest rate steady at current levels, Federal Reserve Governor Michelle Bowman said on Friday while also reiterating her willingness to raise the policy rate if progress peters out or reverses. “My baseline outlook continues to be that inflation will …

Fed’s Bowman supports current policy stance but still sees inflation risks Read More »

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By Ann Saphir PALO ALTO, California (Reuters) -The U.S. central bank’s 2% target for inflation is key to achieving price stability and essential for ensuring economic prosperity, New York Federal Reserve Bank President John Williams said on Friday. His defense of the inflation target comes amid persistent calls from some corners for the Fed to …

Fed’s Williams says 2% inflation target ‘critical’ Read More »

PALO ALTO, California (Reuters) – The U.S. Federal Reserve should beef up its quarterly “dot plot” of policymakers’ interest-rate-path views by including the individual economic expectations that inform each one, Austan Goolsbee, president of the Chicago Fed, said on Friday. The dot plot, published every three months since 2012, is a graph depicting where each …

Fed’s Goolsbee: US rate-path ‘dot plot’ needs more context Read More »