News
Important Only
TREASURIES-US yields tumble amid policy uncertainty, signs of US deceleration
Adds analyst quote, updates yields, includes auction resultBy Tatiana Bautzer NEW YORK, Feb 25 (Reuters) - U.S. Treasury yields dropped sharply on Tuesday, with the benchmark 10-year yield hitting its lowest in 10 weeks, as investors sought a refuge in bonds from signs of deceleration in the U.S....Reuters
Tue, Feb 25
Warner Bros Discovery shuts three videogame studios, spokesperson says
Feb 25 (Reuters) - Warner Bros Discovery WBD.O is shutting down three of its videogame development studios in a move aimed at boosting profitability for its gaming division amid a sluggish recovery in the market, a spokesperson for the company's games unit said on Tuesday. The studios to be clos...Reuters
Tue, Feb 25
WRAPUP 3-Trump policy concerns send US consumer confidence plummeting to eight-month low
Updates headlineConsumer confidence index dives to eight-month lowOne-year inflation expectations highest in over 1-1/2 yearsSurvey notes mentions of tariffs at levels unseen in six yearsBy Lucia Mutikani WASHINGTON, Feb 25 (Reuters) - U.S. consumer confidence deteriorated at its sharpest pace in...Reuters
Tue, Feb 25
US Treasury's Bessent vows to re-privatize an economy that is 'brittle underneath'
Bessent blames Biden's deficits, over-regulation for 'sticky inflation'Treasury chief says lower spending will energize private sectorTariffs can rebuild US manufacturing, grow revenues -BessentAdds data on US growth, jobs paragraphs 5-6, quotes and details on deficits, Treasury debt, pa...Reuters
Tue, Feb 25
Barkin: Consumer confidence important to economy
WASHINGTON, Feb 25 (Reuters) - The U.S. economy's reliance on consumer spending makes household confidence all the more important, Richmond Federal Reserve President Tom Barkin said on Tuesday."The economy is almost 70% consumer spending ... so it really matters whether consumers have confid...Reuters
Tue, Feb 25
EXCLUSIVE-Head of Fed-watchdog task force in Congress plans broad US central bank review
Effectiveness of Fed's dual mandate post-pandemic questionedPanel says will review Fed's monetary policy frameworkCritics argue Fed's focus has drifted from price stabilityAdds background about Fed's framework review starting in 10th paragraphBy Howard Schneider WASHINGTON, Feb 25...Reuters
Tue, Feb 25
Fed's Barkin: I expect upcoming PCE will show a further decline
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin cast his bets on another decline in Personal Consumption Expenditure (PCE) inflation later this week, noting that the Fed has made singificant progress on inflation.Fxstreet
Tue, Feb 25
UK's Starmer boosts defence spending on eve of Washington trip
Defence spending to increase from 2.3% of GDP to 2.5% Cut to development budget will fund defence spendingStarmer's opening bid before talks with TrumpAdds Starmer on UK jobs, paragraph 10, tweaks line on size of increase in 9By Sachin Ravikumar and Elizabeth Piper LONDON, Feb 25 (Reuters) - ...Reuters
Tue, Feb 25
Fed seen resuming rate cuts in June as consumer confidence takes a dive
Feb 25 (Reuters) - The Federal Reserve is likely to resume cutting interest rates in June and could reduce short-term borrowing costs again in September, traders bet on Tuesday as they took on board the implications of a widely watched survey that showed consumer confidence dove this month, and infl...Reuters
Tue, Feb 25
REFILE-TREASURIES-US yields tumble amid policy uncertainty, signs of US deceleration
Removes repeated word in fifth paragraphBy Tatiana Bautzer NEW YORK, Feb 25 (Reuters) - U.S. Treasury yields dropped on Tuesday, with the benchmark 10-year yield hitting its lowest in 10 weeks, as investors sought a refuge in bonds from signs of deceleration in the U.S. economy and persistent...Reuters
Tue, Feb 25
EXCLUSIVE-Head of Fed-watchdog task force in Congress plans broad U.S. central bank review
By Howard Schneider WASHINGTON, Feb 25 (Reuters) - The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should...Reuters
Tue, Feb 25
US Treasury's Bessent says China needs more consumption, cannot export deflation
U.S. Treasury Secretary Scott Bessent said on Tuesday that China needs to boost domestic consumption and cannot continue to rely on manufacturing and exports for growth."We have to push back and tell them that they cannot export their deflation to the rest of the world," Bessent told an even...Reuters
Tue, Feb 25
US economy is 'brittle underneath' despite reasonable metrics, US Treasury's Bessent says
WASHINGTON, Feb 25 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday argued that the U.S. economy is more fragile under the surface than economic metrics suggest, citing interest rate volatility, sticky inflation and job growth focused on the government sector.In a wide-ranging speech at ...Reuters
Tue, Feb 25
US consumer confidence deteriorates sharply in February
WASHINGTON, Feb 25 (Reuters) - U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February, with 12-month inflation expectations surging amid worries that tariffs on imports would raise prices for households.The Conference Board said on Tuesday its consumer confidence index...Reuters
Tue, Feb 25
