By Lisandra Paraguassu BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva said on Friday that his government does not need to erase its fiscal deficit next year, given the importance of funding for priority projects and construction investments. Speaking at a news conference, Lula said there is no need…

The Federal Reserve’s (Fed) restrictive monetary policy is having significant effects on the housing market and other interest-rate sensitive sectors, even as US inflation remains steady at an annual rate of 3.4% in September, according to data from the Bureau of Economic Analysis. The average rate on a 30-year fixed-rate…

The Federal Reserve’s inflation monitor for September has indicated continuous price hikes, driven by strong consumer spending and economic growth. The data, released today, shows a consistent 0.4% price increase from August, mirroring the previous month’s rise. The annual inflation rate remains steady at 3.4%, surpassing the Fed’s 2% annual…

‘s current standing at approximately $34,000 coincides with the Federal Reserve’s attention on Personal Consumption Expenditures (PCE) data, a key determinant in interest rate decisions. The Core PCE Price Index (Annual) has shown a slight reduction, aligning with recorded figures at 3.7%, down from the previous 3.9%. The monthly Core…

As the U.S. stock market stumbles and Treasury borrowing amplifies to address the government’s substantial budget deficit, the Federal Reserve’s overnight reverse repo facility, a crucial liquidity indicator, has witnessed a significant decline in funds from institutional investors. The funds have dropped from $2.5 trillion in December to $1.1 trillion…

Recent developments indicate a growing need for regulation of stablecoins, assets pegged to government currency and used for payments and value storage. Michael Barr from the Federal Reserve has voiced concerns over their issuance without stringent federal oversight, according to a statement made this week. Barr highlighted the central bank’s…

Elon Musk said that the SpaceX-owned satellite internet constellation, Starlink, will support internet connectivity to internationally recognized aid organizations in Gaza in a post on X, formerly Twitter, on Saturday. “Starlink will support connectivity to internationally recognized aid organizations in Gaza,” Musk wrote. Musk, who had just met with Israeli…

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday refused to block the Federal Reserve Bank of New York from terminating a Puerto Rican bank’s access to the U.S. central banking system, as part of a crackdown on lenders with links to Venezuela. U.S. District Judge John Koeltl…

Pro-Palestine protesters marched through the streets of London on Saturday demanding an Israeli ceasefire in Gaza. A large crowd gathered in Victoria Embankment Gardens by the Thames with signs reading “Gaza, Stop The Massacre” and “Free Palestine, End Israeli Occupation”. The protesters chanted “Stop arming Israel, stop bombing Gaza” and…

By Henry Romero and Diego Oré ACAPULCO, Mexico (Reuters) -Hurricane Otis claimed the lives of at least 27 people, Mexico’s government said on Thursday after one of the most powerful storms to hit the country hammered the beach resort of Acapulco, causing damage seen running into billions of dollars. Otis,…