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Mexican headline inflation eases for the first time since December, paves way for rate cut

Mexican headline inflation eases for the first time since December, paves way for rate cut

By Aida Pelaez-Fernandez MEXICO CITY, May 7 (Reuters) - Mexico's annual headline inflation rate decelerated in April for the first time since December, official data showed on Thursday, opening the door for the central bank to cut its benchmark interest rate later in the day.

Fed's Hammack says rates likely on hold 'for quite some time' - WOSU radio

Fed's Hammack says rates likely on hold 'for quite some time' - WOSU radio

By Michael S. Derby May 7 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said in a radio interview on Thursday she expects the central bank to hold interest rates steady well into the future as it navigates a climate of considerable uncertainty.

NY Fed finds stability in longer-run inflation views in April

NY Fed finds stability in longer-run inflation views in April

By Michael S. Derby May 7 (Reuters) - Americans were unworried at the prospect of a broader inflation breakout in April despite rising price pressures driven by war in the Middle East, a survey released by the Federal Reserve Bank of New York said on Thursday.

India's April consumer inflation likely rose to 3.8% as higher fuel costs weigh: Reuters poll

India's April consumer inflation likely rose to 3.8% as higher fuel costs weigh: Reuters poll

By Pranoy Krishna BENGALURU, May 8 (Reuters) - India's annual consumer inflation likely moved closer to the central bank's 4% medium-term target in April as higher fuel costs following the U.S.-Iran war began feeding into prices, a Reuters poll of economists showed.

US job growth likely slowed in April as boost from temporary factors fades

US job growth likely slowed in April as boost from temporary factors fades

By Lucia Mutikani WASHINGTON, May 8 (Reuters) - U.S. job growth likely slowed in April as the boost from warmer weather and return of striking health workers faded, but that would not signal a material change in labor market conditions, with the unemployment rate expected to have held steady at 4.3%

US job growth beats expectations in April; unemployment rate steady at 4.3%

US job growth beats expectations in April; unemployment rate steady at 4.3%

By Lucia Mutikani WASHINGTON, May 8 (Reuters) - U.S. employment increased more than expected in April while the unemployment rate held steady at 4.3%, pointing to labor market resilience and reinforcing expectations that the Federal Reserve would leave interest rates unchanged for some time.

New Zealand jobless rate falls to 5.3% in Q1, slightly below economists forecast

New Zealand jobless rate falls to 5.3% in Q1, slightly below economists forecast

By Lucy Craymer WELLINGTON, May 6 (Reuters) - New Zealand's jobless rate fell to 5.3% in the first quarter, while employment increased 0.2% from the previous quarter, according to data released by Statistics New Zealand on Wednesday.

Fed's Musalem: Risks have shifted towards higher inflation

Fed's Musalem: Risks have shifted towards higher inflation

By Howard Schneider WASHINGTON, May 6 (Reuters) - St. Louis Fed President Alberto Musalem said Wednesday the risks to monetary policy have shifted towards higher inflation, possibly requiring interest rates to stay on hold for some time amid a seemingly stable job market.

South Korean April consumer inflation highest in nearly two years amid Iran war

South Korean April consumer inflation highest in nearly two years amid Iran war

By Jihoon Lee SEOUL, May 6 (Reuters) - South Korea's consumer prices rose in April at the steepest pace in nearly two years, as expected, fuelled by a surge in oil prices triggered by the Middle East conflict.

Euro zone services activity slumps in April on weak demand, PMI shows

Euro zone services activity slumps in April on weak demand, PMI shows

LONDON, May 6 (Reuters) - Euro zone services activity contracted in April for the first time in almost a year, hit by weakening demand and deteriorating export business as the Middle East war weighed on consumer-facing sectors, a survey showed on Wednesday.

NY Fed says April supply chain pressures highest since July 2022

NY Fed says April supply chain pressures highest since July 2022

By Michael S. Derby May 6 (Reuters) - Supply chain pressures in April hit their highest level since July 2022, as the Middle East war heavily impacted firms' ability to move goods around the world freely, data from the Federal Reserve Bank of New York released on Wednesday showed.

Bank of Mexico cuts interest rate in split vote, ending easing cycle

Bank of Mexico cuts interest rate in split vote, ending easing cycle

MEXICO CITY, May 7 (Reuters) - The Bank of Mexico cut its benchmark interest rate in a split decision on Thursday and said it was ending an over two-year-long easing cycle as it balances concerns over above-target inflation with pressure to revive Mexico's slowing economy.