News
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Fed Chair Powell lauds Volcker's 'willingness to resist'
By Ann SaphirMarch 21 (Reuters) - Federal Reserve Chair Jerome Powell on Saturday lauded former Fed Chair Paul Volcker's "willingness to resist" political pressure as he fought inflation in the 1980s, remarks that have particular resonance as Powell presses his own defense of the Fed'...Reuters
12 hours ago
TEXT-More countries sign joint statement on Strait of Hormuz by European nations, others
LONDON, March 19 (Reuters) - Several more countries on Friday joined leading European nations, Japan and Canada in signing a joint statement saying they were ready to join appropriate efforts to ensure safe passage through the Strait of Hormuz and would take steps to stabilise energy markets. This i...Reuters
Fri, Mar 20
S&P raises Ireland's rating on stronger economic profile
March 20 - S&P upgraded the rating on Irish sovereign to "AA+" from "AA" on Friday, citing the country's improved resilience to economic and fiscal shocks.Despite rising global trade protectionism, including from key trading partner and investor, the U.S., Ireland's domes...Reuters
Fri, Mar 20
Coinbase launches perpetual stock futures for non-US customers
Coinbase (COIN) has launched stock perpetual futures trading for eligible non-US retail and institutional customers, offering leveraged exposure to major US equities and exchange-traded funds (ETFs), the exchange stated in a blog post on Friday.Fxstreet
Fri, Mar 20
Market bets on Fed rate hike surge
By Ann Saphir March 20 (Reuters) - Market pricing for a U.S. Federal Reserve interest-rate hike this year has shot up, and is now seen as far more likely than a rate cut. On Friday, interest-rate futures were pricing around a 25% chance of a rate hike by December, based on the CME FedWatch tool.I...Reuters
Fri, Mar 20
TREASURIES-US bonds falter as raging war in Iran lifts oil, inflation outlook
US to deploy more troops to Middle East, pushing oil prices upIran attacks Kuwait oil refinery, adds to market stressInflation swaps show higher consumer prices in next 12 months US rate futures start to price in rate hikeBy Gertrude Chavez-Dreyfuss NEW YORK, March 20 (Reuters) - U.S. Treasuries ...Reuters
Fri, Mar 20
Mexico's Pemex taking 'wait-and-see' approach on exports as oil prices climb, minister says
By Emily GreenCANCUN, Mexico, March 20 (Reuters) - Mexican state-run oil firm Pemex PEMX.UL is waiting to see how oil prices behave in the mid-term before altering its strategy on crude exports, Finance Minister Edgar Amador told Reuters on Friday. "Our perspective is that this should be a rel...Reuters
Fri, Mar 20
What to Watch in the Week Ahead and on Monday, March 23
ON MONDAYThe U.S. Census Bureau is expected to release January construction spending data, which is forecast to have increased 0.1% after rising 0.3% in the previous month. The Chicago Fed National Activity Index for February is also due.CERAWeek 2026 is set to begin. The conference will bring toget...Reuters
Fri, Mar 20
Markets bet on Fed rate hike as soon as July
By Ann Saphir March 20 (Reuters) - Market pricing for a U.S. Federal Reserve interest-rate hike by September is about 75%, with better-than-even odds of a Fed rate hike as early as July.Five days ago, the market had no hint of a rate-hike expectation at all this year, let alone for July, and inde...Reuters
Fri, Mar 20
UK approves US use of British bases to strike Iran missile sites targeting ships
LONDON, March 20 (Reuters) - The British government gave authorisation on Friday for the U.S. to use military bases in Britain to carry out strikes on Iranian missile sites that are attacking ships in the Strait of Hormuz.British ministers met on Friday to discuss the Iran war and Iran's blockin...Reuters
Fri, Mar 20
Money markets raise Bank of Canada 2026 rate hike bets by 75 basis points
By Promit Mukherjee OTTAWA, March 20 (Reuters) - Money markets raised their bets on a Bank of Canada rate hike on Friday, assigning a more than 20% chance of one next month as the Iran war showed no sign of abating and oil prices rose.The markets, which are essentially led by the overnight intere...Reuters
Fri, Mar 20
WRAPUP 2-Fed officials say Iran war obscuring outlook as traders price in rate hike
Fed officials express caution due to Iran war's impact on energy pricesBowman advocates for more interest rate cuts to support labor marketIran war uncertainty affects Fed's economic, policy outlookBy Michael S. Derby and Howard Schneider NEW YORK, March 20 (Reuters) - The risk of per...Reuters
Fri, Mar 20
