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Brazil's central bank warns of emerging inflation risks as Iran war drags on

Brazil's central bank warns of emerging inflation risks as Iran war drags on

BRASILIA, May 5 (Reuters) - The Brazilian central bank considered changing its view on inflation risk balance but ultimately maintained a level outlook despite the U.S.-Israeli war on Iran already raising inflation expectations, it said on Tuesday.
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Australia's central bank set to cool its heels after rapid-fire rate hikes

Australia's central bank set to cool its heels after rapid-fire rate hikes

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.
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Australia central bank hikes rates for third time this year in battle with inflation

Australia central bank hikes rates for third time this year in battle with inflation

By Stella Qiu and Wayne Cole SYDNEY, May 5 (Reuters) - Australia's central bank lifted rates for a third time this year on Tuesday, returning borrowing costs to post-pandemic highs and warning that inflation would remain sticky as the conflict in the Middle East unleashed a global oil shock.
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UK services firms report sharpest rise in costs since late 2022

UK services firms report sharpest rise in costs since late 2022

LONDON, May 6 (Reuters) - British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a closely watched survey showed on Wednesday.
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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.
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All eyes on job market as Fed's rate-cut window narrows

All eyes on job market as Fed's rate-cut window narrows

By Karen Brettell May 5 (Reuters) - The release of the U.S. employment report later this week will serve as a test of whether the economy remains resilient enough to keep the Federal Reserve's monetary policy on hold, or whether a softening labor market could revive the case for interest rate cuts
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Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

Oil eases on signs US is loosening Iranian closure of Strait of Hormuz

By Anushree Mukherjee May 5 (Reuters) - Oil prices eased on Tuesday after climbing by as much as 6% in the previous session on signs the U.S. Navy is loosening Iran's closure of the key Strait of Hormuz waterway, potentially opening up supply from the key Middle East producing area.
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Brazil's consumer debt relief plan won't jeopardize rate-cut cycle, finance minister says

Brazil's consumer debt relief plan won't jeopardize rate-cut cycle, finance minister says

BRASILIA, May 5 (Reuters) - Brazil's finance minister Dario Durigan said the government's relaunched consumer debt relief program won't provide enough stimulus to derail the current monetary easing cycle.
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IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027

IMF chief Georgieva warns of 'much worse outcome' if Middle East war drags into 2027

By Andrea Shalal WASHINGTON, May 4 (Reuters) - The head of the International Monetary Fund on Monday warned that inflation was already picking up and the global economy could face a "much worse outcome" if the war in the Middle East drags into 2027 and oil prices hit around $125 per barrel.
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Kashkari says Iran war limits Fed's ability to provide rate guidance

Kashkari says Iran war limits Fed's ability to provide rate guidance

By Michael S.
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Williams says Fed policy well positioned for economic risks, uncertainty

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S. Derby NEW YORK, May 4 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's monetary policy is "well positioned" to deal with the high level of economic uncertainty facing the economy as a result of the war in the Middle East.
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Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

Barclays becomes latest brokerage to bet on no Fed rate cuts in 2026

May 4 (Reuters) - Barclays on Monday joined a growing list of brokerages to bet on no policy easing from the U.S. Federal Reserve this year, citing prolonged high energy prices linked to the Iran war that are likely to keep inflation elevated.