© Reuters. White House Warns Latest Jobs Data Will Be Ugly Due to Omicron (Bloomberg) — The White House is lowering expectations for this week’s U.S. jobs report, saying that brief absences of workers due to omicron could overstate the number of unemployed people for last month. Several White House officials have teed up Friday’s report…
© Reuters. FILE PHOTO: President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. REUTERS/Clodagh Kilcoyne WASHINGTON (Reuters) – U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the…
© Reuters. FILE PHOTO: A view of buildings and a street covered in snow in Nantucket, Massachusetts, U.S. January 29, 2022 in this picture obtained from social media. Picture taken January 29, 2022. Chad Pierre Photography/via REUTERS (Reuters) – A major winter storm is expected to wallop much of the central United States on Tuesday,…
© Reuters. FILE PHOTO: The Federal Reserve headquarters in Washington on Sept. 16 2015. REUTERS/Kevin Lamarque/File Photo By Howard Schneider and Jonnelle Marte (Reuters) – Data watched closely by the Federal Reserve showed inflation expectations remained broadly anchored through the end of last year, while an alternate measure of inflation showed the most intense price…
© Reuters. FILE PHOTO: Italian Prime Minister Mario Draghi holds a news conference after the government met to discuss stricter coronavirus disease (COVID-19) health pass rules, in Rome, Italy, November 24, 2021. REUTERS/Remo Casilli By Gavin Jones ROME (Reuters) – Italian Prime Minister Mario Draghi is likely to have a hard time controlling his coalition,…
© Reuters. FILE PHOTO: British Prime Minister Boris Johnson and Chancellor of the Exchequer Rishi Sunak walk out of Downing Street to meet Michelle Ovens of Small Business Saturday, in London, Britain, December 1, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – A planned increase in British social security contributions from workers and employers will go ahead…
© Reuters. FILE PHOTO: The Federal Reserve building in Washington September 1, 2015. . REUTERS/Kevin Lamarque/File Photo NEW YORK (Reuters) – Goldman Sachs (NYSE:GS) is forecasting that the U.S. Federal Reserve will raise interest rates five times in 2022, versus four previously, with a hike expected in March, according to a note from its economists…
By Anthony Esposito and Noe Torres MEXICO CITY (Reuters) – Mexico’s Deputy Finance Minister Gabriel Yorio said on Friday that talk of a “technical recession” in the country doesn’t take into account coronavirus-related economic volatility and global supply chain issues. Mexico’s economy, the second-largest in Latin America, likely shrank 0.2% in December compared with the…
© Reuters. FILE PHOTO: U.S. Senator Sherrod Brown (D-OH) speaks at a meet and greet on his “Dignity of Work” tour in Concord, New Hampshire, U.S., February 9, 2019. REUTERS/Elizabeth Frantz/File Photo NEW YORK (Reuters) – U.S. Senator Sherrod Brown on Friday said he met with President Joe Biden’s three latest nominees for the Federal…
© Reuters. FILE PHOTO: Customers walk past a fruit stall at a street market, in Mexico City, Mexico December 17, 2021. REUTERS/Luis Cortes/File Photo By Shrutee Sarkar BENGALURU (Reuters) – Persistently high inflation will haunt the world economy this year, according to a Reuters poll of economists who trimmed their global growth outlook on worries…
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