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India central bank to stay on hold even as peers pivot to rate hikes

India central bank to stay on hold even as peers pivot to rate hikes

By Jaspreet Kalra MUMBAI, Aug 3 (Reuters) - India's central bank is expected to keep interest rates unchanged this week, diverging from many of its global peers as inflation remains modest despite higher global oil prices while steps to support the rupee drive strong inflows.
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Exclusive-Fed's Williams expects inflation to ease, says Fed will act if it doesn't

Exclusive-Fed's Williams expects inflation to ease, says Fed will act if it doesn't

By Michael S.
Reuters Reuters
Indonesia's growth likely slowed in Q2 as consumption, exports weakened

Indonesia's growth likely slowed in Q2 as consumption, exports weakened

By Rahul Trivedi BENGALURU, Aug 3 (Reuters) - Indonesia's economy likely lost some momentum in the second quarter as consumer demand slowed after the festive season and net exports provided less support, according to a Reuters poll of economists.
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U.S. Economic Indicators Show Mixed Signals Amid Inflation and Interest Rate Concerns

U.S. Economic Indicators Show Mixed Signals Amid Inflation and Interest Rate Concerns

U.S. Economic Indicators Show Mixed Signals Amid Inflation and Interest Rate Concerns
TheStreet TheStreet
Airline banned from selling tickets in country, all flights could be canceled

Airline banned from selling tickets in country, all flights could be canceled

Since the start of the summer, Argentine budget airline Flybondi has faced severe operational challenges as rumors of a potential future bankruptcy continue to swirl. While once the second-largest airline in the country after state-owned flag carrier Aerolíneas Argentinas, Flybondi has kept all but ...
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Analysis-Japan's fight with yen bears goes on after joint rescue

Analysis-Japan's fight with yen bears goes on after joint rescue

By Rae Wee and Ankur Banerjee SINGAPORE, Aug 3 (Reuters) - A rare joint U.S.-Japan intervention has raised the stakes on traders betting against the yen, but analysts are doubtful speculators will be kept at bay without tighter monetary policy.
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Bank of England's Pill sees risk of 'insidious' build-up of inflation pressures

Bank of England's Pill sees risk of 'insidious' build-up of inflation pressures

LONDON, July 31 (Reuters) - Bank of England Chief Economist Huw Pill said on Friday that there was a risk of a gradual build-up of long-term inflation pressures in Britain's economy caused by the jump in energy prices triggered by the Iran war.
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U.S. GDP Growth Slows to 1.5% in Q2 Amid Iran War Impact and Fed Rate Decision

U.S. GDP Growth Slows to 1.5% in Q2 Amid Iran War Impact and Fed Rate Decision

U.S. GDP Growth Slows to 1.5% in Q2 Amid Iran War Impact and Fed Rate Decision
TheStreet TheStreet
J.P. Morgan drops Fed rate bombshell over Warsh, inflation

J.P. Morgan drops Fed rate bombshell over Warsh, inflation

The cool news is that the latest data from the Federal Reserve’s preferred inflation indicator came in lower than consensus in June, primarily due to a drop in energy prices. The not-so-cool news? During his second Fed Day as Chairman of the U.S. central bank, Kevin Warsh hemmed and hawed over ...
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Brazil's budget deficit nears pandemic-era levels as fiscal concerns linger

Brazil's budget deficit nears pandemic-era levels as fiscal concerns linger

By Marcela Ayres BRASILIA, July 31 (Reuters) - Brazil's overall budget deficit widened to nearly 10% of gross domestic product (GDP) in the 12 months through June, central bank data showed on Friday, reaching its highest level since 2021 as elevated interest costs weighed on public finances.
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Freddie Mac Reports Mortgage Rates Climb to 1-Year High Amid Economic Uncertainty

Freddie Mac Reports Mortgage Rates Climb to 1-Year High Amid Economic Uncertainty

Freddie Mac Reports Mortgage Rates Climb to 1-Year High Amid Economic Uncertainty
Reuters Reuters
Morning Bid: Failure to communicate

Morning Bid: Failure to communicate

By Anna Szymanski July 31 (Reuters) - From the Editor Hello Morning Bid readers! Three of this year's biggest market worries were on full display this week. Is the AI frenzy cooling? Will the conflict in the Middle East go from bad to worse?