By Ann Saphir The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation. The topsy-turvy economic environment of…

The numbers: U.S. pending home sales rebounded in September but remain near a record low as high mortgage rates and low inventory continue to hurt the real-estate sector. Pending home sales rose 1.1% in September from the previous month, according to the monthly index released Thursday by the National Association…

(Reuters) – Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May. The government offered holders of debt due in 2023 and 2026 to swap their notes for a new due July…

The numbers: Orders for durable or long-lasting goods jumped 4.7% in September, largely because of a flush of new contracts for Boeing airplanes. Most other manufacturers saw smaller improvement. Economists polled by the Wall Street Journal had forecast a 2% increase. If airplanes and cars are stripped out, new orders rose…

The Toronto stock market experienced a minor slump midday Tuesday, as investors braced for the upcoming interest-rate decision from Canada’s central bank on Wednesday. The consensus among market watchers is that the rate will hold steady at 5%. The S&P/TSX Composite Index and the S&P/TSX 60 both recorded losses, falling…

The numbers: U.S. economic growth galloped at a 4.9% annual pace in the third quarter — fueled by a big burst of consumer spending — and defied expectations of a slowdown. The sharp increase in GDP was more than double the rate of growth in the first six months of…

GENEVA (Reuters) – The head of the World Trade Organization on Tuesday voiced optimism that trade deals could be reached at the next major ministerial meeting in February 2024. More than 1,000 trade officials are meeting in Geneva this week to try to advance negotiations ahead of a meeting in…

The numbers:  The U.S. trade deficit in goods widened 1.3% to $85.8 billion in September, according to the Commerce Department’s advanced estimate released Thursday. Economists polled by Econoday were looking for the deficit to rise to $85.4 billion deficit. An advanced estimate of wholesale inventories, meanwhile, showed no change in…

By David Randall NEW YORK (Reuters) – Several of Wall Street’s biggest names are calling a top on longer-dated Treasury yields, after yields on the benchmark 10-year note briefly rose above 5% earlier this week to hit their highest level since 2007. Analysts at UBS Global Wealth Management, which oversees…

New House Speaker Mike Johnson faces a Nov. 17 deadline for passing a funding bill to avert a partial U.S. government shutdown, but it’s not his only pressing money matter. The just-promoted Louisianan and his Republican-controlled chamber of Congress also are facing a request from President Joe Biden for a…