Economics News Results

  • Text of Fed's July Monetary Policy Statement

    For release at 2 p.m. EDT July 28, 2021 The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals. With progress on vaccinations and strong policy support, indicators of economic activity and employment have continued to strengthen.

  • Brazil's federal public debt rises 3% in June to $1.03 trillion -Treasury

    Brazil's federal public debt rose 3.07% in June from the month before to 5.33 trillion reais, the Treasury said on Monday, adding that the total domestic debt rose 3.29% to 5.1 trillion reais.

  • U.S. goods trade deficit widens on imports; inventories increase

    * Goods trade deficit increases 3.5% in June. * Wholesale inventories rise 0.8%; retail stocks up 0.3% By Lucia Mutikani. The U.S. trade deficit in goods increased in June as imports continued to rise amid strong economic activity, suggesting trade likely remained a drag on growth in the second quarter.

  • Canada's annual inflation rate slows but remains above Bank of Canada target

    Canada's inflation rate slowed more than expected in June from a decade-high in May as food, transport and clothing costs eased, data showed on Wednesday, but some analysts said it might be only a brief reprieve. Inflation eased to 3.1% in June from 3.6% in May, Statistics Canada said, lower than the 3.2% median forecast of analysts polled by Reuters.

  • GDP Growth Expected to Accelerate in 2Q -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. The FOMC announcement is scheduled for Wednesday at 2:00 p.m. ET, followed by a press conference with Fed Chairman Jerome Powell at 2:30 p.m. ET. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 24 380 K 419 K 0830 Real GDP 2 Q +8.4% +6.4%* 0830 GDP Prices 2 Q +5.4% +4.3%* 1000 Pending Home Sales Jun +0.5% +8.0% Friday 0830 Personal Income Jun...

  • FOREX-Dollar edges higher with all eyes on the Fed

    * Dollar gains 0.2% ahead of Fed. * Policy statement due at 1800 GMT. * Analysts expect no major policy shift. By Saqib Iqbal Ahmed and Tom Wilson. The dollar edged higher on Wednesday, even as investors held off placing major bets ahead of the outcome of a U.S. Federal Reserve meeting, keeping currency moves largely contained.

  • U.S. goods trade deficit widens on imports; inventories increase

    The U.S. trade deficit in goods increased in June as imports continued to rise amid strong economic activity, suggesting trade likely remained a drag on growth in the second quarter. The U.S. economy has rebounded more quickly from the pandemic compared to its global rivals, thanks to massive fiscal stimulus, low interest rates and vaccinations against COVID-19.

  • Brazil credit conditions improve in June as households ramp up borrowing

    Brazilian bank lending spreads narrowed in June to their lowest this year, figures showed on Wednesday, while corporate and household defaults eased back toward the lowest levels since comparable records were first compiled a decade ago.

  • TREASURIES-Yields edge higher before Fed meeting statement

    U.S. Treasury yields edged higher on Wednesday before the Federal Reserve is due to conclude its two-day meeting, with investors focused on any signals that the U.S. central bank is close to paring ...

  • Brazil's Bolsonaro shuffles cabinet, recreates labor ministry

    Brazilian President Jair Bolsonaro appointed center-right Senator Ciro Nogueira as his chief of staff on Wednesday to shore up waning political support in Congress, and recreated the labor ministry to deal with record unemployment.

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