Tag: Economic

The customer is not always right. Credit Suisse (CSGN.S) Chief Executive Thomas Gottstein has a chance to prove as much in the fight over losses from funds linked to collapsed financier Greensill Capital. Clients are understandably aggrieved, but offering to share the pain would be counterproductive.Credit Suisse Asset Management in March froze $10 billion of…

5/5 © Reuters. FILE PHOTO: Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song/File Photo 2/5 By Stella Qiu and Kevin Yao BEIJING (Reuters) -A metal coatings plant in China’s manufacturing hub has been hit by price increases of up to 30% for raw materials including steel, aluminium,…

© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir By Ann Saphir (Reuters) -Dallas Federal Reserve President Robert Kaplan on Friday raised the prospect of a worrisome rise in U.S. inflation expectations, as imbalances between supply and demand for…

© Reuters. FILE PHOTO: U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration By Kate Duguid NEW YORK (Reuters) -The dollar edged lower against major currencies on Friday after U.S. retail sales unexpectedly stalled in April and as concerns about prospects of accelerating…

© Reuters. FILE PHOTO: The floor of the the New York Stock Exchange (NYSE) is seen after the close of trading in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson/File Photo By Lewis Krauskopf NEW YORK (Reuters) – Earnings reports from major retailers will be in focus next week after the U.S. stock market suffered one of its biggest pullbacks in months,…

Global ratings agency S&P on Friday affirmed its long-term sovereign credit rating on Israel at “AA-/A-1+” and maintained its outlook at “stable”.

Fed’s Waller Joins Colleagues in Branding Inflation ‘Temporary’ (Bloomberg) — Christopher Waller on Thursday became the latest Federal Reserve governor to try and dampen expectations for central bank action to curb rising prices that he sees as “temporary.” Waller, the third governor to speak this week, said that while inflation above the Fed’s 2% goal…

A bigger-than-expected increase in U.S. consumer prices has put investors on high alert for more signs of inflationary pressure that could tilt the Federal Reserve toward raising interest rates.Several investors said the consumer price index report released on Wednesday was not enough to prompt the Fed to change its course. But the news, which fueled…

© Reuters. Summers Sees Signs of Scarce Workers as Harbinger of Inflation (Bloomberg) — President Joe Biden’s $4 trillion plans to overhaul the role of government in American lives is aimed at the right targets but risks inflation in an economy that’s recovering fast from the pandemic, said former U.S. Treasury Secretary Lawrence Summers. “I…

NEW YORK, May 3 (Reuters) – Fiscal support, along with vaccinations, is helping the U.S. economy to recover, but it is unlikely that the boom will lead to inflation that is unsustainably high, New York Federal Reserve Bank President John Williams said on Monday.The Fed’s goal is to anchor inflation expectations at 2%, and the…