Economic News and Analysis
Economic News
BusinessBloombergMexico’s Weak Economic Growth and Inflation Slowdown Set Up New Interest Rate Cut
(Bloomberg) -- Mexico’s annual inflation slowed much more than expected while economic growth remained feeble, according to separate reports published Thursday, paving the way for another interest-rate cut next month.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoOfficial data showed con
BusinessReutersFed has 'clear path' to achieving goals without recession, Collins says
Boston Federal Reserve President Susan Collins on Thursday expressed confidence the U.S. central bank will be able to bring inflation down without triggering a recession, and signaled her support for starting interest rate cuts next month. "I think there's a clear path to achieving our goals without an unneeded downturn, and with a labor market that continues to be healthy," Collins said in an interview with Reuters in Jackson Hole, Wyoming, where global central bankers are gathering for the Kansas City Fed's annual economic symposium. "The importance of preserving the healthy labor market as we continue to bring inflation down is one of the reasons why the timing seems appropriate to me to begin easing."