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Peru’s Castillo names moderate leftist as finance minister in olive branch to markets

Peru’s Castillo names moderate leftist as finance minister in olive branch to markets

© Reuters. FILE PHOTO: Peru’s President Pedro Castillo walks out the Congress after his swearing-in ceremony, in Lima, Peru July 28, 2021. REUTERS/Angela Ponce/File Photo By Marco Aquino LIMA (Reuters) -Peru’s Pedro Castillo appointed moderate economist Pedro Francke as finance minister late on Friday, an olive branch to rattled markets after the newly-elected president earlier…

Fed’s Brainard: Can’t wrap head around not having U.S. central bank digital currency

Fed’s Brainard: Can’t wrap head around not having U.S. central bank digital currency

© Reuters. FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder By Ann Saphir (Reuters) – Federal Reserve Governor Lael Brainard on Friday laid out a range of reasons for “urgency” around the issue of…

U.S. Fed reverse repo volume hits record $1 trillion as debt ceiling looms

U.S. Fed reverse repo volume hits record $1 trillion as debt ceiling looms

© Reuters. FILE PHOTO: Federal Reserve Board building is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo By Gertrude Chavez-Dreyfuss and Jonnelle Marte NEW YORK (Reuters) – Volume at the U.S. Federal Reserve’s reverse repurchase facility topped $1 trillion on Friday for the first time as investors and financial institutions continued to pour…

Stocks Slide, Amazon Cut, China Stocks Reverse, PCE Prices

Stocks Slide, Amazon Cut, China Stocks Reverse, PCE Prices

© Reuters. By Geoffrey Smith  Investing.com — Stock futures slide as Amazon (NASDAQ:AMZN)’s slowing sales growth undermines the narrative for growth stocks. Chinese stock markets reverse after fresh regulatory action and trouble with overleveraged property developers. U.S. personal consumer expenditure price data will be scanned for signs of inflation. And the Eurozone grew faster than…