By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines Co is looking at all options to ensure the operational meltdown it suffered last month is not repeated, Chief Executive Bob Jordan said on Thursday. The Dallas-based carrier has been dealing with customer outrage and regulatory scrutiny after a systems meltdown last month left thousands of passengers …
By Ann Saphir and Howard Schneider (Reuters) -Federal Reserve policymakers on Thursday expressed relief that inflation continued easing in December, paving the way for a possible step down to a quarter point interest rate increase when the U.S. central bank meets in just under three weeks. U.S. consumer prices fell in December in the first …
Fed policymakers signal rate-hike slowdown coming, but no easing Read More »
WASHINGTON (Reuters) -International Monetary Fund Managing Director Kristalina Georgieva on Thursday said the Bank of Japan was conducting an appropriate review of its monetary policy stance, but should keep policy accommodative because the country faces low inflationary pressures. Georgieva told reporters that an adjustment to the central bank’s debt yield curve control regime was not …
IMF’s Georgieva says Japan not facing increased inflationary pressures Read More »
By Hernan Nessi and Jorge Otaola BUENOS AIRES (Reuters) -Argentina’s annual inflation hit its highest rate in more than 30 years last month as prices almost doubled versus a year ago, official data released on Thursday showed, further eroding consumers’ dwindling purchasing power. In December, consumer prices jumped 5.1% month-on-month, according to national statistics agency …
Argentina’s inflation rate at 95%, highest since 1991 Read More »
By Deisy Buitrago CARACAS (Reuters) – Venezuela’s economy expanded around 15% last year, President Nicolas Maduro said on Thursday during his annual state of the nation address, crediting the expansion to diversification of the largely oil-focused economy. The South American country’s economy grew 17.73% year-over-year in the first three quarters of 2022, its central bank …
Venezuelan economy grew above 15% in 2022, president says Read More »
WASHINGTON (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that there is mounting evidence that the United States can avoid recession this year and achieve a “soft landing” for its economy. Georgieva told reporters that U.S. labor markets remain resilient and consumer demand remains strong despite increases in interest rates to …
IMF’s Georgieva says U.S. may be able to avoid recession in 2023 Read More »
By Andrew Goudsward and Sarah N. Lynch WASHINGTON (Reuters) – U.S. prosecutors on Thursday accused leaders of the far-right Proud Boys group of plotting an assault on American democracy as one of the most high-profile trials to stem from the Jan. 6, 2021 Capitol attack got underway. In an opening argument, federal prosecutor Jason McCullough …
Proud Boys ‘took aim’ at U.S. democracy, prosecutor tells Jan. 6 trial Read More »
WASHINGTON (Reuters) – U.S. President Joe Biden did not know that classified documents from his vice presidential days were at a Washington think tank or house in Wilmington, White House spokesperson Karine Jean-Pierre said on Thursday. Biden did not know what was in those classified documents, the White House said after Attorney General Merrick Garland …
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Some investors believe a slowdown in U.S. inflation last month may be paving the way for a market-friendly “Goldilocks” scenario for asset prices, allowing the Federal Reserve to bring down consumer prices without badly damaging growth. U.S consumer prices unexpectedly fell last month for the …
Analysis-Softer inflation print stirs hopes of ‘Goldilocks’ scenario for U.S. markets Read More »
By Chris Taylor NEW YORK (Reuters) – If there was only one word to sum up 2022, “unpredictable” might be the most accurate. Yet we all enjoy trying to predict the future, especially when it comes to our finances – to protect ourselves from the downside, or to take advantage of the upside. What does …
Debt bomb, biotech bump and a bond rally: 2023 money predictions Read More »
