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Macroeconomics

Yellen says COVID spending may have contributed 'a little bit' to inflation

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -The Biden administration's spending on stimulus to keep the economy going during the COVID pandemic may have contributed "a...

Morgan Stanley promotes 173 employees to managing directors, source says

(Reuters) - Wall Street giant Morgan Stanley (NYSE:MS) promoted 173 of its employees to managing director roles this year, marking a 12% increase from 2024, a source close to...

UK finance ministry says fiscal rules are non-negotiable

LONDON (Reuters) - Britain's finance ministry on Wednesday said its commitment to the government's fiscal rules was non-negotiable, in a statement issued on a day of market...

Fed minutes show Wall Street pushed back expected end of balance sheet drawdown

By Michael S. Derby NEW YORK (Reuters) - Wall Street's biggest banks have pushed back the expected endgame for the Federal Reserve's ongoing efforts to shrink the size of its...

Fed eyes slower rate cuts on worries about stalling disinflation: Fed's minutes

-- Federal Reserve policymakers were in favor of slowing the pace of rate cuts on concerns about stalling disinflation, according to the minutes of the Federal...

France can't stray far from 5% deficit - central bank head

PARIS (Reuters) - France needs to bring its public sector budget deficit as close as possible to 5% of economic output this year as a first step towards getting the public...

Treasury yield surge reflects expectations of more long-term debt

By Karen Brettell NEW YORK (Reuters) - Longer-term U.S. Treasury yields have surged to multi-month highs, outpacing a rise in shorter-dated yields, with some of the disparity...

ECB could reach neutral rate by summer, Villeroy says

PARIS (Reuters) - The European Central Bank's interest rates should reach the point where they are no longer a drag on growth by this summer if inflation is tamed by then, ECB...

Northvolt owners vote to stay operating while seeking financial rescue

By Marie Mannes STOCKHOLM (Reuters) - The owners of Northvolt voted to continue operations on Wednesday, the company said, while the Swedish electric vehicle battery maker...

Explainer-Why does Trump want Greenland and could he get it?

By Jacob Gronholt-Pedersen and Louise Rasmussen COPENHAGEN (Reuters) - U.S. President-elect Donald Trump says he wants to make Greenland a part of the United States and does not...

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