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Top related persons:
Priscilla Thiagamoorthy - 3 Andrea Ricci - 3 Lucia Mutikani - 2 Lucy Nicholson - 1 Claire Fan - 1 Kit Juckes - 1 Milounee Purohit - 1 Vijayalakshmi Srinivasan - 1
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BMO Capital Markets - 3 Thomson - 3 REUTERS - 1 Commerce Department - 1 Machinery - 1 Institute - 1 Supply - 1 PMI - 1

Search resuls for: "Priscilla Thiagamoorthy"


5 mentions found


☆ US durable goods orders beat expectations; core capital goods rebound
  + stars: | 2023-09-27 | by ( ) www.reuters.com   time to read: +3 min
Durable goods are seen on sale in a store in Los Angeles, California, U.S., March 24, 2017. Part of the surprise increase in durable goods orders reported by the Commerce Department on Wednesday, however, likely reflected higher prices as inflation picked up last month. Economists polled by Reuters had forecast durable goods orders falling 0.5% last month. These so-called core capital goods orders were previously reported to have edged up 0.1% in July. Core capital goods shipments rebounded 0.7% after falling 0.3% in July.
Persons: Lucy Nicholson, Priscilla Thiagamoorthy, Lucia Mutikani, Andrea Ricci Organizations: REUTERS, Commerce Department, BMO Capital Markets, Reuters, Machinery, Institute, Supply, PMI, United Auto Workers, General Motors Co, Ford, Thomson Locations: Los Angeles , California, U.S, WASHINGTON, Toronto, muddle
☆ Bank of Canada to raise rates 25 basis points on July 12, possibly the last
  + stars: | 2023-07-06 | by ( Milounee Purohit | ) www.reuters.com   time to read: +3 min
So the BoC will press ahead and hike the overnight rate by 25 basis points to 5.00% on July 12, according to 20 of 24 economists in the June 28-July 6 Reuters poll. That would amount to 475 basis points in total since March 2022, taking the overnight rate to a new 22-year high. Inflation is not expected to fall to the central bank's 2% target at least until 2025, according to the poll. The central bank was predicted to keep rates on hold at 5.00% until Q2 2024, said a majority of economists. Rates staying high for longer is expected to boost the Canadian dollar, one of the best performers among G10 currencies this year.
Persons: Priscilla Thiagamoorthy, Claire Fan, Kit Juckes, Milounee Purohit, Vijayalakshmi Srinivasan, Ross Finley, Andrea Ricci Organizations: Bank of Canada, Reuters, BoC, BMO Capital Markets, Gross, RBC Economics, Canadian, U.S, Societe Generale, Thomson Locations: BENGALURU
☆ US labor market still tight as job openings rise, layoffs fall
  + stars: | 2023-05-31 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Department on Wednesday also showed layoffs declining significantly last month. There were 1.8 job openings for every unemployed person in April, up from 1.7 in March. Data for March was revised higher to show 9.75 million job openings instead of the previously reported 9.59 million. There were 185,000 more job openings in healthcare and social assistance, while vacancies jumped by 154,000 in the transportation, warehousing, and utilities. But Walker also acknowledged that some of the alternative measures of job openings could be downwardly biased, as their sample could be skewed toward companies which are more likely to have an online presence and have cut job openings sharply.
Persons: Priscilla Thiagamoorthy, Goldman Sachs, Ronnie Walker, Walker, JOLTS, Julia Pollak, Lucia Mutikani, Paul Simao, Andrea Ricci Organizations: Federal Reserve, Labor, Survey, Labor Department, Fed, BMO Capital Markets, Reuters, Treasury, ZipRecruiter, Thomson Locations: WASHINGTON, U.S, Toronto
☆ Dollar gains broadly as upbeat U.S. data muddles Fed rate hike views
  + stars: | 2022-12-05 | by ( John Mccrank | Seher Dareen | ) www.reuters.com   time to read: +3 min
The survey followed on the heels of stronger-than-expected job and wage growth data for November released last Friday. "The ISM services PMI data highlighted a U.S. economy that's still showing some strength, despite tighter financial conditions," said Priscilla Thiagamoorthy, an economist at BMO Capital Markets. "While that's good news for the growth outlook, it's not so great for the Fed trying to dampen demand and ease inflation." Fed Chair Jerome Powell said last week the U.S. central bank could scale back the pace of its rate increases "as soon as December." "I think this issue about 'peak inflation, peak rates, peak dollar' - I think - is slowly turning into a 'persistence of inflation, a persistence of higher-for-longer interest rates," said Jane Foley, senior FX strategist at Rabobank.
☆ U.S. services industry regains steam; factory orders accelerate
  + stars: | 2022-12-05 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +6 min
Economists shrugged off a survey from S&P Global confirming its services PMI was stuck in contraction territory in November. Thirteen services industries including construction, healthcare and social assistance, retail trade as well as professional, scientific and technical services reported growth last month. But information, wholesale trade and management of companies and support services reported a decline. Factory ordersIn November, the ISM's measure of services industry employment increased to 51.5 from 49.1 in October. The survey's measure of services industry supplier deliveries fell to 53.8 from 56.2 in October.
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