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Bipan Rai - 1 Jane Foley - 1 they’ll - 1 Lou Brien - 1 Amanda Cooper - 1 Sharon Singleton - 1 Emelia - 1 Nick Macfie - 1
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Search resuls for: "Lou Brien"


2 mentions found


☆ Dollar edges up against yen as investors wait on inflation data, Fed
  + stars: | 2023-06-07 | by ( Karen Brettell | ) www.reuters.com   time to read: +3 min
NEW YORK, June 7 (Reuters) - The dollar edged higher against the yen on Wednesday as investors awaited U.S. inflation data for May and the Fed’s interest rate decision next week, while the Canadian dollar jumped after the Bank of Canada hiked rates. (USCPI=ECI)"We expect a fair degree of consolidation ahead of the Fed decision next week," said Bipan Rai, North American head of FX strategy at CIBC Capital Markets in Toronto. "That CPI number’s going to be critical for the Fed decision as well. Traders have also priced out most expectations that the Fed will cut rates this year as inflation remains above target. Australia's central bank chief on Wednesday stepped up a warning of more rate hikes ahead to temper rising price pressures.
Persons: Bipan Rai, Jane Foley, they’ll, Lou Brien, Amanda Cooper, Sharon Singleton, Emelia, Nick Macfie Organizations: YORK, Canadian, Bank of Canada, CIBC Capital Markets, Traders, Rabobank, U.S, Fed, ECB, Reserve Bank of, Thomson Locations: U.S, North American, Toronto, Canada, Australia, Chicago, Reserve Bank of Australia, London
☆ How a US debt crisis standoff could cause a recession - a bad one
  + stars: | 2023-05-03 | by ( Ann Saphir Dan Burns | Ann Saphir | Dan Burns | ) www.reuters.com   time to read: +5 min
The market swoon from what would be an unprecedented U.S. default would bludgeon away billions more in wealth. The cost to insure U.S. government debt against default has shot to the highest since the 2007-2009 financial crisis. All of that takes air out the economy's tires and could start to push up the unemployment rate, now at a historically low 3.5%. Some top economic policymakers like those at the Fed had predicted as early as last December that the unemployment rate would be roughly 1 percentage point higher by the end of 2023. A debt crisis and a default, even if only on some of the interest payments due each day, would move it forward, Bostjancic said.
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