News
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US CFPB drops enforcement action against Trans Union
Feb 28 (Reuters) - The U.S. Consume Financial Protection Bureau on Friday dropped an enforcement action against the consumer credit bureau Trans Union TRU.N, adding to the embattled agency's mass dismissal of cases against financial companies accused of cheating consumers.The CFPB had brought th...Reuters
Fri, Feb 28
Inflation, growth may be in conflict but Fed seen restarting cuts in June
Inflation slowed but progress has been slowDrop in consumer spending flags growth concernsComing policy choice could be tough for the FedRecasts, updates throughoutBy Ann Saphir and Howard Schneider Feb 28 (Reuters) - New data may point to emerging tension between the U.S. Federal Reserve's d...Reuters
Fri, Feb 28
Markets price in 50% chance of four ECB cuts in 2025 on weak economy
Updates pricesBy Stefano Rebaudo and Harry Robertson Feb 28 (Reuters) - German short-dated yields fell to a 10-week low on Friday as traders increased their bets on rate cuts on the back of weak data, but later recovered ground as investors digested slightly stronger German inflation figures.Data...Reuters
Fri, Feb 28
RPT-EXCLUSIVE-Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty
Repeats for wider distribution, no changes to textFed's Hammack says balance sheet drawdown likely to continue despite government finance uncertaintyHammack says Fed can manage liquidity issues with temporary operations if neededHammack says a rate hike isn't in her base caseBy Michael S. De...Reuters
Fri, Feb 28
Italy says defence spending hikes should also aim to boost growth
ROME, Feb 28 (Reuters) - Any increase in national defence spending should also be aimed at boosting economic growth, Italian Economy Minister Giancarlo Giorgetti said on Friday, as European states grapple with U.S. pressure to shoulder the costs of their own security.Highly indebted Italy is project...Reuters
Fri, Feb 28
INSTANT VIEW-January PCE inflation no surprise, cools year on year
Adds quotesFeb 28 (Reuters) - The U.S. Commerce Department's Personal Consumption Expenditures (PCE) price index increased 0.3% in January after advancing by an unrevised 0.3% in December, data showed on Friday. Economists had expected the PCE price index to climb 0.3%. In the year through Ja...Reuters
Fri, Feb 28
Markets price in 50% chance of four ECB cuts in 2025 on weak economy
Updates in afternoon trading in EuropeBy Stefano Rebaudo and Harry Robertson Feb 28 (Reuters) - German short-dated yields fell to a 10-week low on Friday as traders increased their bets on rate cuts on the back of weak data, but later recovered ground as investors digested slightly stronger Germa...Reuters
Fri, Feb 28
RPT-TREASURIES-US yields briefly trim losses after inflation data
Repeats to attach item to alerts, no change to content NEW YORK, Feb 28 (Reuters) - U.S. Treasury yields briefly trimmed their losses on Friday, but remained lower on the day, after data showed a key core inflation measure edging higher last month, reinforcing expectations the Federal Reserve wil...Reuters
Fri, Feb 28
TREASURIES-US yields briefly trim losses after inflation data
NEW YORK, Feb 28 (Reuters) - U.S. Treasury yields briefly trimmed their losses on Friday, but remained lower on the day, after data showed a key core inflation measure edging higher last month, reinforcing expectations the Federal Reserve will pause rate cuts for some time.The core Personal Consumpt...Reuters
Fri, Feb 28
INSTANT VIEW-Canada's economy grows 2.6% in fourth quarter
Adds comment TORONTO, Feb 28 (Reuters) - Canada's economy grew faster than expected in the fourth quarter, led by consumer spending, business investments and exports, data showed on Friday. Market reaction: CAD/LINK: https://www150.statcan.gc.ca/n1/daily-quotidien/250228/dq250228a-eng.htm?...Reuters
Fri, Feb 28
INSTANT VIEW-January PCE inflation no surprise, cools year on year
Feb 28 (Reuters) - The U.S. Commerce Department's Personal Consumption Expenditures (PCE) price index increased 0.3% in January after advancing by an unrevised 0.3% in December, data showed on Friday. Economists had expected the PCE price index to climb 0.3%. In the year through January, pric...Reuters
Fri, Feb 28
Romanian defence spending could reach 3% of GDP in 1-2 years, president says
Adds comment, details BUCHAREST, Feb 28 (Reuters) - Romania's defence spending could reach 3% of GDP in stages in one to two years, interim President Ilie Bolojan said on Friday, signalling a further rise in its target as U.S. President Donald Trump presses NATO states to increase contributio...Reuters
Fri, Feb 28
INSTANT VIEW-Canada's economy grows 2.6% in fourth quarter
TORONTO, Feb 28 (Reuters) - Canada's economy grew faster than expected in the fourth quarter, led by consumer spending, business investments and exports, data showed on Friday. Market reaction: CAD/LINK: https://www150.statcan.gc.ca/n1/daily-quotidien/250228/dq250228a-eng.htm?HPA=1COMMENTSAND...Reuters
Fri, Feb 28
US goods trade deficit widens sharply in January
WASHINGTON, Feb 28 (Reuters) - The U.S. trade deficit in goods widened sharply in January, most likely as businesses front-loaded imports ahead of tariffs, potentially positioning trade to be a drag on economic growth in the first quarter. The goods trade gap surged 25.6% to $153.3 billion last mont...Reuters
Fri, Feb 28
Traders keep bets on Fed rate cut in June after inflation data
Feb 28 (Reuters) - Traders of futures contracts that settle to the Federal Reserve's policy rate maintained bets on Friday that the U.S. central bank will restart cuts to short-term borrowing rates in June after data showed inflation rose in line with expectations in January. They still see a se...Reuters
Fri, Feb 28
US consumer spending falls in January; monthly inflation rises
WASHINGTON, Feb 28 (Reuters) - U.S. consumer spending unexpectedly fell in January, but a pick up in inflation could provide cover for the Federal Reserve to delay cutting interest rates for some time.Consumer spending, which accounts for more than two-thirds of U.S. economic activity, dropped 0.2% ...Reuters
Fri, Feb 28
