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☆ Opinion: Mexico is about to elect its first woman president. The US isn’t heading in that direction anytime soon
▼ + stars: | 2024-05-29 | by ( Opinion Alice Driver | ) edition.cnn.com time to read: +8 min

While he has stated support for Roe v Wade, in 2023, at a fundraiser Biden said, “I’m a practicing Catholic. Feminist activists demonstrate in favor of the decriminalization of abortion on International Safe Abortion Day, in Mexico City, September 2023. Silvana Flores/AFP/Getty ImagesFor decades, abortion was criminalized in Mexico, while in the US the constitutional right was established in the Roe v. Wade decision in 1973. Since the Supreme Court overturned Roe v. Wade, more than 20 US states ban or restrict abortion. I never imagined that.”In the US, I wonder if I will see a woman elected as president in my lifetime.

Persons: Alice Driver, ”, Mexico’s, Alice Driver Luis_Garvan, Claudia Sheinbaum, Xóchitl, “, Donald Trump, Andrés Manuel López Obrador, Sheinbaum, Susan Segal, Trump, Stormy Daniels, Roe, Wade, Biden, “ I’m, I’m, Roe America, Silvana Flores, Verónica Cruz, ” Cruz Organizations: American Worker, Meatpacking Company, New Yorker, The New York, Oxford American, CNN, CNN —, Mexico City, Society, Americas, Roe, Getty, Mexico’s, America –, Trump, Biden, Young Texas Locations: Mexico, New, United States, New York, Roe, Mexico City, AFP, Arkansas, America, America – Mexico, Argentina, Colombia, Mexican

☆ Taquería El Califa de León: This tiny taco stand in Mexico City has just earned a Michelin star
▼ + stars: | 2024-05-16 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +3 min

CNN —A tiny, no frills taco stand in Mexico with just four items on its menu has been awarded a star by the coveted Michelin Guide. Taquería El Califa de León, located in the San Rafael neighborhood of Mexico City, was among the establishments to garner either one or two stars in the first ever Michelin Guide Mexico, published earlier this week, making it the first Mexican taco stand to receive the honor. Taquería El Califa de León is the first ever Mexican taco stand to receive a Michelin star. Fernando Llano/AP“The secret is the simplicity of our taco,” Rivera Martínez told the Associated Press. “With meat and tortillas of this caliber, the duo of house-made salsas is hardly even necessary,” says the Michelin Guide.

Persons: Taquería El, Chef Arturo Rivera Martínez, León, Fernando Llano, ” Rivera Martínez, Rodolfo Gaona, Silvana Flores, tacos, Rivera Martínez, “, ”, Jorge Vallejo, Alejandra Flores, Elena Reygadas’s Rosetta, Gwendal, Chan Hon Meng’s Organizations: CNN, Michelin, AP, Associated Press, Getty, Nuevo León, Michelin Guides Locations: Mexico, San Rafael, Mexico City, Mexican, AFP, Oaxaca, Baja California, Cabos, Nuevo, Chan Hon Meng’s Singapore

☆ Racism Alleged at Multiple Globe Life Affiliates
▼ + stars: | 2024-05-10 | by ( Susan Antilla | ) www.businessinsider.com time to read: +20 min

"If I'd brought it up, I would have been blackballed," he told BI. She told BI that Lobello frequently sent her racist memes he found online that contained the N-word. AdvertisementBell, in the hat at right, at a team dinner for an AIL agency then known as Giglione-Ackerman. In the areas she was assigned, she told BI, "most of the people were uninsurable" because of poor health, hard drug use, and poverty. If you work at Globe Life or AIL and have information to share about the company, please contact Susan Antilla at susan.antilla1@gmail.com .

Persons: Domenico Bertini, Chris Selejan, Rob Gray, James " Bo, E, Gentile, Organization —, Frank Svoboda, Warren Buffett's Berkshire Hathaway, Fuzzy Panda, Scott Dehning, AIL, Dehning, Jennifer Haworth, I'd, John L, Ann Marie Arcadi, Gray, Eric Giglione, Giglione, Bell, He'd, Brian W, Fraser, Popeyes, Morgan Lobello, Lobello she'd, y'all, Lobello, David Zophin, Ackerman, Andy Mercado, texted, quieted, Bell's, Raynaldo Lafontant, David Ackerman, Lafontant, Mercado, Sarah Reay, Reay, Debra Gamble, Gamble, Nicole Korkolis, Donnaya Presberry, Presberry, Abeni, Mayfield, Amy Williamson, Abeni Mayfield, Rosem Morton, Silvana Pajor Flores, Pajor Flores, Susan Antilla Organizations: Globe Life, Business, Globe, New York Stock Exchange, Texas Rangers, Dallas Cowboys, Organization, BI, Department of Justice, Research, Latina, Ackerman Agency, New Jersey Superior Court, SEAT, Giglione, Commission, Professional Employees International Union, Liberty National Division, Liberty National, Edison, AIL Locations: Kentucky, Bertini, Pennsylvania, McKinney , Texas, Michigan, West Virginia, New Jersey, Argentina, Aurora , Colorado, Edison , New Jersey, Edison, Giglione, Morgantown , West Virginia, Moon Township , Pennsylvania, Pittsburgh, Columbia , Maryland, Cumberland , Maryland, Kansas, Waco , Texas, Colorado, AIL, susan.antilla1@gmail.com

☆ Focus: Giorgio Armani fashions his own legacy with succession plan
▼ + stars: | 2023-11-15 | by ( Elisa Anzolin | ) www.reuters.com time to read: +6 min

[1/5] Giorgio Armani appears at the Emporio Armani Spring/Summer 2024 collection fashion show during Milan Fashion Week in Milan, Italy, September 21, 2023. All are currently board members and, apart from Rosanna, all work for the Armani group. The Armani group has almost 9,000 employees. Any eventual stock market listing requires the favourable vote of the majority of directors "after the fifth year following the entry into force of this statute". The Armani group declined to comment on a potential listing in the mid-term.

Persons: Giorgio Armani, Claudia Greco, Armani, Pantaleo Dell'Orco, Guido Corbetta, Rosanna, Silvana, Roberta, Andrea Camerana, Dell'Orco, women's, Bernard Arnault, Sergio Galeotti, Hans Wilsdorf, Gucci, Corbetta, outlast, Elisa Anzolin, Keith Weir, Alexander Smith Organizations: Milan, REUTERS, Reuters, Milan's Bocconi University, Armani, Entertainment, VIP Relations, Rolex, Kering, Thomson Locations: Milan, Italy, MILAN

LAÚNDOS, Portugal (AP) — Guilherme Peixoto, a village priest in northern Portugal, has been busy this month celebrating Masses at his two parishes, presiding over remembrances for the dead — and preparing the electronic music set for his next international DJ gig. "They can think, 'If it’s possible for a priest to be DJ, it’s possible for me to like music, and festivals, and be Christian.'" The priest broke onto the global stage when the organizers of World Youth Day in Lisbon asked him to “wake up the pilgrims” at 7 a.m. before Pope Francis’ open-air Mass in August. There, he re-mixed electronic dance beats with words from Pope Francis’ encyclical about protecting the environment. “It’s very important to me to not only be the priest DJ, but be the shepherd of the community,” Peixoto said.

Persons: — Guilherme Peixoto, remembrances, ” Peixoto, Pope Francis ’, Peixoto, who’s, John Paul II, He’d, Francis ’, Silvana Pontes, ”, ” Pontes, he’d, Tania Campos, she’s, —, Paulo, Switzerland —, Irene Pontes, Andreia Flores, ” Flores, “, “ It’s, Pope, Pope Francis, Eduardo Duque, “ Padre Guilherme, we’ll, ’ ”, don’t, Jesus —, DJ Organizations: —, Ar, Rock, Peixoto, Catholic Portuguese University, Braga, Lilly Endowment Inc, AP Locations: LAÚNDOS, Portugal, fundraise, Italy, Lisbon, Portuguese, Laúndos, Ar de, Arizona, Switzerland, Amorim .

☆ Argentina's Peronists soar in election to seal run-off with radical Milei
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: +4 min

Javier Milei, presidential candidate of the Liberty Advances coalition, speaks at his campaign headquarters after polls closed for general elections in Buenos Aires, Argentina, Oct. 22, 2023. Argentina's ruling Peronist coalition smashed expectations to lead the country's general election on Sunday, setting the stage for a polarized run-off vote next month between Economy Minister Sergio Massa and far-right libertarian radical Javier Milei. "We have never had so much polarization," said 72-year-old pensioner Silvia Monto as she voted in Buenos Aires on Sunday. "He is the only one who understands the situation in the country and understands how to save it," said Buenos Aires student Nicolas Mercado, 22. Silvana Dezilio, 37, a housewife in Buenos Aires province, said it was hard to see a positive outcome whoever won.

Persons: Javier Milei, Argentina's, Sergio Massa, Massa, Patricia Bullrich, Milei, Carlos Gutierrez, Bullrich, Silvia Monto, Nicolas Mercado, Silvana Dezilio Organizations: Liberty Advances, Peronist, International Monetary Fund Locations: Buenos Aires, Argentina, Milei, China, Brazil

☆ Empowering the Next Generation at CNBC Equity and Opportunity: Exec Connect
▼ + stars: | 2023-10-11 | by ( Silvana Henao | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEmpowering the Next Generation at CNBC Equity and Opportunity: Exec ConnectCNBC's Silvana Henao speaks with two Hispanic executives—Former Diane von Furstenberg CEO, Sandra Campos, and NBC News Executive Vice President, Janelle Rodriguez—about their paths to the corner office, challenges they encountered along the way and advice for the next generation. 23:07 2 hours ago

Persons: Silvana Henao, Diane von Furstenberg, Sandra Campos, Janelle Rodriguez — Organizations: CNBC Equity, Opportunity, Connect, NBC

☆ S&P 500 futures dip as Wall Street shifts focus back to path of interest rates
▼ + stars: | 2023-09-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 futures dip as Wall Street shifts focus back to path of interest ratesCNBC's Silvana Henao reports on the latest news affecting markets, and what to expect in the day's trading session.

Persons: Silvana Henao

☆ Bank of England set to raise rates for 14th time in a row
▼ + stars: | 2023-08-02 | by ( David Milliken | ) www.reuters.com time to read: +4 min

A pedestrian carrying an umbrella walks near the Bank of England in the City of London, Britain, July 30, 2023. Market expectations for peak Bank Rate reached 6.5% on July 11 after data showed record wage growth before falling back to 5.75% after a sharp decline in consumer price inflation. Investors see a two-in-three chance of the BoE raising Bank Rate to 5.25% on Thursday but for most economists polled by Reuters the BoE's decision is finely balanced. However, some BoE critics argue it risks causing an unnecessary downturn, and that higher rates are a poor tool to tackle inflation caused by higher food and energy prices. "The main winners are banks, whose profits have flourished thanks to higher rates," said Fran Boait, co-executive director of campaign group Positive Money.

Persons: Hollie Adams, Bailey, BoE, Rishi Sunak, James Smith, Smith, Andrew Bailey, Dave Ramsden, Swati Dhingra, Silvana Tenreyro, Megan Greene, Fran Boait, ING's Smith, David Milliken, William Schomberg, Giles Elgood Organizations: Bank of England, City of, REUTERS, U.S . Federal Reserve, European Central Bank, Mortgage, Investors, Reuters, ING, Kroll Institute, Monetary, Thomson Locations: City, City of London, Britain, Germany

☆ Bank of England set to raise rates to 5.25% as high inflation persists
▼ + stars: | 2023-07-28 | by ( David Milliken | ) www.reuters.com time to read: +5 min

Expectations for peak BoE rates reached 6.5% on July 11 after data showed record wage growth. But they fell back after a bigger-than-expected decline in consumer price inflation. Still, that inflation rate is nearly four times the BoE's 2% target and double the rate in the United States. Following the end of Silvana Tenreyro's tenure on the BoE's Monetary Policy Committee, fellow external member Swati Dhingra is likely to be alone in making the case that producer price inflation - rather than wage growth - is a better guide to future consumer price inflation trends. Annual producer price inflation fell to 0.1% in June, its lowest since December 2020, down from a high of nearly 20% last July, which it hit just a few months before CPI peaked at 11.1%.

Persons: BoE, Andrew Goodwin, BoE Governor Andrew Bailey, Dave Ramsden, Ramsden, Peter Schaffrik, Cathal Kennedy, Silvana Tenreyro's, Swati Dhingra, Megan Greene, Bailey, Huw Pill, David Milliken, Kirsten Donovan Organizations: Bank of England, U.S . Federal Reserve, European Central Bank, Oxford Economics, Reuters, MPC, HSBC, RBC, Committee, Kroll Institute, Tenreyro, Monetary, Thomson Locations: Britain, United States, Germany

"There has been significant upside news in recent data that indicates more persistence in the inflation process," the MPC said. BoE policymakers had given little indication that a half-point rate increase was under consideration in the run-up to Thursday's announcement. Expectations for BoE rate tightening have surged in recent days - sharply raising the cost of new mortgages - and before Thursday's decision financial markets expected the BoE's Bank Rate to peak at 6% by the end of the year. The central bank also noted that short-dated British government bond yields had risen sharply - pricing in an average level of Bank Rate of 5.5% for the next three years. Last month the central bank forecast that inflation would fall to just over 5% by the end of this year and be below its 2% target in early 2025.

Persons: BoE, Silvana Tenreyro, Swati Dhingra, Andrew Bailey, Jeremy Hunt, Joachim Nagel, Jerome Powell, David Milliken, Suban Abdulla, BRITAIN BOE Organizations: Bank of England, MPC, Reuters, Central, U.S . Federal, Thomson Locations: Ukraine, Swedish, Norwegian, Britain

☆ Bank of England set to raise rates to 4.75% as inflation slow to fall
▼ + stars: | 2023-06-16 | by ( David Milliken | ) www.reuters.com time to read: +5 min

However, Neiss thinks the BoE is unlikely to raise interest rates as much as markets have priced in. In a Reuters poll this week, economists predicted the BoE would raise interest rates just twice more, taking rates to a peak of 5% by August or September. The BoE faces three big challenges when assessing how much more rate tightening it needs to do. Fewer households have mortgages and more are on fixed rates - so a key channel for higher interest rates to affect the economy now operates with a delay. "If the Bank of England accelerated policy tightening now, that would smack of panic or a loss of control," McGuire said.

Persons: Henry Nicholls, BoE, BoE Governor Andrew Bailey, Bailey, Katharine Neiss, Neiss, Christine Lagarde, Richard McGuire, Swati Dhingra, Silvana Tenreyro, Megan Greene, Tenreyro, McGuire, Yoruk Bahceli, David Milliken, Toby Chopra Organizations: Bank of England, REUTERS, of, U.S . Federal Reserve, European Central Bank, Italy, Fed, ECB, Reuters, homebuyers, Rabobank, MPC, Thomson Locations: City, London, Britain, of England

☆ Bank of England to press on with rate hikes, peak at 5.00% in Q3
▼ + stars: | 2023-06-14 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

In December 2021 the BoE was one of the first major central banks to draw a line under its ultra-loose pandemic-era monetary policy. It has now raised borrowing costs by 440 basis points across 12 consecutive meetings in modest-sized rate rises. All 64 economists polled June 12-14 said the BoE would add another 25 basis points to Bank Rate on June 22, taking it to 4.75%. A majority of economists surveyed, 52 of 64, said Bank Rate will have peaked by end-August with the median forecast putting it at 5.00%. Although starting later, both the Fed and the European Central Bank have largely been raising rates in greater magnitudes than the BoE.

Persons: BoE, Ellie Henderson, BoE Governor Andrew Bailey, Jonathan Haskel, Catherine Mann, Megan Greene, Silvana Tenreyro, Stefan Koopman, Investec's Henderson, Jonathan Cable, Aditi Verma, Anitta Sunil, Ross Finley, Catherine Evans Organizations: Bank of England, Monetary, Committee, Rabobank, U.S . Federal, Fed, European Central Bank, Reuters, Thomson Locations: Investec

LONDON, June 13 (Reuters) - Incoming Bank of England rate-setter Megan Greene signalled on Tuesday that the central bank may have a tough job returning British inflation to its 2% target, even if it drops quickly at first from double-digit figures. British inflation fell in April from double digits to 8.7% but this was still jointly the highest reading among Group of Seven countries, along with Italy. Short-dated British government bond yields rose to their highest level since 2008 as Greene spoke. She described inflation expectations in Britain as pretty well-anchored, but said there were lessons from the 1970s on how not to conduct monetary policy. Greene will replace MPC member Silvana Tenreyro, who has voted against the BoE's rate increases in recent months.

Persons: Megan Greene, Greene, Kroll, BoE, Silvana Tenreyro, Kylie MacLellan, Suban Abdulla, Sarah Young, Catherine Evans Organizations: Incoming Bank of, Monetary, parliament's, MPC, Thomson Locations: Italy, Britain, U.S

☆ 7 New Songs You Should Hear Now
▼ + stars: | 2023-06-06 | by ( ) www.nytimes.com time to read: +3 min

Silvana Estrada: “Milagro y Desastre”I always appreciate Jon Pareles keeping an ear out for new artists from a vast variety of cultures and musical traditions. Usually known for her sparse, guitar-driven folk songs, “Milagro y Desastre” — miracle and disaster — is something new for Estrada: a song composed largely with looped, layered fragments of her own voice. (See also: her recent, charming cover of Suzanne Vega’s “Tom’s Diner.”) The cooed, percussive notes that provide the song’s rhythmic backbone remind me a bit of Laurie Anderson’s “O Superman,” but Estrada’s impassioned singing and distinct ear for melody ultimately take “Milagro y Desastre” somewhere unique. Rob Moose featuring Phoebe Bridgers: “Wasted”What a name: Rob Moose. Blur: “The Narcissist”Regular Amplifier readers will know about this one already — in its honor, I composed an entire newsletter featuring some of my favorite Blur songs.

Persons: Anohni, —, ” Anohni, Silvana Estrada, “, Jon Pareles, Suzanne Vega’s, Laurie Anderson’s “, Rob Moose, Phoebe Bridgers, Bon Iver, Brittany Howard, Moose, Bridgers, Damon Albarn’s, Graham Coxon’s, Miya, Miya Folick’s, “ Roach Organizations: Spotify, Johnsons, YouTube, Estrada, British Locations: Mexican, Angeles

☆ Colombia’s Peace-Whisperer Makes Plenty of Enemies
▼ + stars: | 2023-05-26 | by ( Silvana Paternostro | ) www.nytimes.com time to read: 1 min

CARTAGENA, Colombia — For a champion of peace, Leyner Palacios faces a lot death threats. The latest menacing message came in February, when Mr. Palacios, 47, was warned he had 12 hours to leave the region where he was born on Colombia’s Pacific Coast, and to “never come back.”The last time he had received a similar warning, in March 2020, one of his bodyguards was killed. So Mr. Palacios, who served on Colombia’s Truth Commission, announced on Twitter he was going into hiding for a while. “I do not want them to see my coffin full of my unjustly murdered body,” he wrote. “I have understood that the threat is the door to the cemetery.”The 11-member commission spent four years investigating every aspect of Colombia’s conflict, which was fought between government forces, left-wing guerrillas and right-wing paramilitary groups from 1958 to 2016.

☆ Bank of England poised to raise rates again to tackle stubborn inflation
▼ + stars: | 2023-05-10 | by ( William Schomberg | ) www.reuters.com time to read: +4 min

Investors are fully pricing in another quarter-of-a-percentage point increase in Bank Rate, taking the BoE's benchmark rate to 4.5%, when the Monetary Policy Committee (MPC) announces the outcome of its May policy meeting at 12 p.m. (1100 GMT). Markets' main focus will be any signals from the BoE about the likelihood of further rises in the months ahead. "We expect that the Bank will only start to reduce rates from 2024 Q2 given resilient growth momentum," Goldman Sachs economist James Moberly told clients this week. "We have to be very alert to any signs of persistent inflationary pressures," Bailey said on March 27, before the latest round of data showed inflation fell less than expected. Last week, the U.S. Federal Reserve and the European Central Bank both raised their benchmark borrowing rates by 25 basis points.

☆ Bank of England set for 12th straight interest rate hike, but the outlook remains murky
▼ + stars: | 2023-05-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

People walk outside the Bank of England in the City of London financial district, in London, Britain, January 26, 2023. "All this, and updated projections, should be consistent with our call for a final 25bp hike at the June meeting to a terminal rate of 4.75%." Updated forecasts Alongside the rate decision, the MPC will update its forecasts on Thursday. "Thus, while our base case remains for a final hike in June, we see risks that they skip this meeting and deliver the final hike in August," Ardagno's team said. Deutsche Bank Senior Economist Sanjay Raja echoed the projections for a 7-2 split in favor of a 25 basis point hike on Thursday, followed by another quarter-point in June.

☆ Bank of England set to raise rates to 4.5% next week, a possible peak
▼ + stars: | 2023-05-05 | by ( David Milliken | ) www.reuters.com time to read: +5 min

Economists polled by Reuters this week were unanimous that the BoE's Monetary Policy Committee (MPC) will raise rates to 4.5% next week, in sharp contrast to a poll two weeks earlier which showed only a slim majority expecting a hike. "Previously we had seen the MPC holding Bank Rate at 4.25% but the April labour market and March CPI inflation data were too much to ignore," said Peter Schaffrik, global macro strategist at Royal Bank of Canada. Only a minority of economists polled by Reuters this week expect the BoE to raise interest rates above 4.5% this year. But investors in interest rate futures - whose views shift more rapidly - see rates reaching 4.75% or 5% by September. "In our view, further tightening beyond May can't be ruled out," said Andrew Goodwin, chief UK economist at Oxford Economics.

☆ Bank of England policymakers consider 12th straight rate hike
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +3 min

LONDON, May 2 (Reuters) - The Bank of England is weighing up whether to raise interest rates for the 12th meeting in a row next week as it continues to grapple with an inflation rate that remains above 10%, higher than in any other big, rich economy. Following is a summary of recent comments by members of the Monetary Policy Committee. If they become evident, further monetary tightening would be required. JON CUNLIFFE, DEPUTY GOVERNORHas not commented on monetary policy in recent months. MPC MEMBERS WHO VOTED IN MARCH TO STOP RAISING RATESSILVANA TENREYRO, EXTERNAL MPC MEMBERApril 14: "We need to be patient (to see the effects of past rate increases).

☆ Ex-Peru president Toledo surrenders to US authorities, extradition imminent
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

[1/3] A media member streams their news desk on their phone screen while reporting outside Robert F. Peckham Federal Building and U.S. Courthouse on the day Peru's former President Alejandro Toledo, wanted in his home country on charges of taking millions of dollars in bribes, is expected to turn himself in for extradition, in San Jose, California, U.S. April 21, 2023. REUTERS/Loren ElliottApril 21 (Reuters) - Former Peruvian President Alejandro Toledo surrendered to U.S. authorities on Friday, a U.S. Marshals Service official told Reuters, a day after his bid to block his extradition to Peru over corruption charges was denied. The former president was arrested in the United States in July 2019 after a formal request by Peru for his extradition.

☆ Morning Bid: Oil price relapse
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +4 min

Although oil prices have not yet reversed all their gains from OPEC move, Brent is down more than 5% over the past week and the year-on-year deflation in oil prices is running at 24%. And there's also signs oil loading from Russia's western ports this month is rising to the highest since 2019 -= despite Moscow's pledge to cut output. Tesla (TSLA.O) shares dropped 2% after the electric-vehicle maker's sixth U.S. price cut this year. Helped by the oil price retreat, 2-year U.S. Treasury yields fell back almost 10 basis points to 4.19%. VIX and bear marketsShare price performance, earnings and sales for TeslaReuters GraphicsReuters GraphicsBy Mike Dolan, <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

☆ Bank of England's Tenreyro says patience needed to lower inflation
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

April 14 (Reuters) - Bank of England policymaker Silvana Tenreyro said past interest rate rises would take time to bear down on inflation, and that it was important not to over-adjust policy while the impact of these past rate rises was feeding through. "We need to be patient," she said at a panel discussion hosted by the International Monetary Fund in Washington on Friday. Tenreyro voted against a further BoE rate rise last month, arguing that past tightening was more than enough and could push inflation well below target in the medium term. Financial markets see a roughly two in three chance that the BoE will raise its main interest rate next month to 4.5% from 4.25%, which would be its 12th consecutive rate rise since December 2021. Tenreyro said that even if the BoE had perfect foresight, the long lags involved in changes in interest rates would have required it to raise rates sharply in the depths of the COVID-19 pandemic to stop inflation reaching double-digits last year.

☆ Marketmind: Banks to test soft landing thesis
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike DolanWorld markets have surged this week on renewed hopes of disinflation, peak interest rates and a soft economic landing - and earnings from Wall Street's biggest banks now test the thesis. Markets will be most focussed on bank guidance on how much the March bank failure will crimp lending going forward. Next month's expected interest rate rise from the Federal Reserve is now expected to be the last and futures see up to 70 basis points of cuts from that point to year-end. And with China's booming trade numbers for last month also suggesting the world economy at large will comfortably skirt recession this year, "soft landing" hopes are back in vogue. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ S&P 500 futures are stable ahead of key inflation data
▼ + stars: | 2023-04-10 | by ( Silvana Henao | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailS&P 500 futures are stable ahead of key inflation dataCNBC's Silvana Henao reports on the new week's early market action.

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