News
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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
US house prices increase strongly in December
WASHINGTON, Feb 25 (Reuters) - U.S. single-family house prices increased solidly in December, despite improving supply, which together with elevated mortgage rates will continue to erode affordability.House prices rose 0.4% on a month-on-month basis after an upwardly revised 0.4% increase in Novembe...Reuters
Tue, Feb 25
