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Macroeconomics

Fed has time to see what Trump policies mean for the economy, Powell says

By Michael S. Derby (Reuters) - Federal Reserve Chair Jerome Powell said on Thursday the U.S. central bank has time before it needs to adapt its policymaking thinking due to the...

Australia's Woolworths, Coles to defend lawsuit over discounts

By Rajasik Mukherjee (Reuters) - Australian grocers Woolworths and Coles said on Friday they would defend class action proceedings commenced by a law firm in federal court over...

Cuba sees growth unlikely in 2024 as hurricanes, earthquakes rattle economy

By Nelson Acosta HAVANA (Reuters) - Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state-run economy...

Bank of Mexico lowers key interest rate, leaves door open to future cuts

By Brendan O'Boyle MEXICO CITY (Reuters) -The Bank of Mexico on Thursday lowered its benchmark interest rate by 25 basis points for a third straight meeting, underscoring progress...

US Postal Service warns it must continue cost cuts or risk bailout

By David Shepardson WASHINGTON (Reuters) -The U.S. Postal Service said on Thursday it must continue to cut costs and boost revenue or risks requiring a government bailout to help...

US Treasury finds no currency manipulation by major trading partners

By David Lawder WASHINGTON (Reuters) -No major U.S. trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden...

Morning Bid: Powell says no rush needed on more rate cuts

By Alden Bentley (Reuters) - A look at the day ahead in Asian markets. A warm reading on U.S. producer price inflation in October and hawkish comments by Federal Reserve chair...

Powell says no need for Fed to rush rate cuts given strong economy

(Reuters) -Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates...

Fed doesn't need to be in hurry to cut rates as economic strength persists: Powell

Federal Reserve Chairman Jerome Powell said Thursday that economy isn't signalling a need for speed on rate cuts as the recent strength allows the Fed to take a...

ECB should use bond buys, guidance more cautiously, Schnabel says

FRANKFURT (Reuters) - Interest rate changes should remain the European Central Bank's primary policy instrument and bond purchases, along with forward guidance, need to be used...

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