Browsing: Economy

The numbers: Industrial production rebounded in November and rose 0.2% after a major auto strike ended, but most other manufacturers saw little improvement. Economists surveyed by the…

By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market’s hefty gains in 2023 could provide a lift for equities next year, if history is any…

The numbers: The service side of the U.S. economy grew faster at the end of the year while manufacturers remained mired in a slump, a pair…

SINGAPORE (Reuters) – In recent months, China has sought to stabilise the yuan by orchestrating buying by state banks and giving market guidance to bankers. The…

The numbers: Builder confidence rose in December for the first time in five months as mortgage rates fell. Builder confidence increased as rates fell roughly 50…

The numbers: The cost of imported goods fell 0.4% to mark the second decline in a row, contributing to a slowdown in U.S. inflation more broadly. Economists…

By Harry Robertson LONDON (Reuters) – Investors have poured $40 billion into stocks since Oct. 9, the biggest two-week inflow since February 2022, as equities rallied,…

Senior Federal Reserve officials are by no means unanimous about the central bank’s December forecast showing three cuts in U.S. interest rates in 2024. Neither is Wall…

By Nivedita Balu TORONTO (Reuters) – The Bank of Canada’s warning that borrowing costs are likely to stay higher-for-longer has prompted anxious mortgage owners to turn…

Federal Reserve Chair Jerome Powell said Wednesday it was too early to declare victory over inflation, but financial markets have effectively declared victory for him. Some…