News
Important Only
EXCLUSIVE-Fed's Miran math may overstate the impact of immigration on inflation
Miran's estimate based on older Saiz paperSaiz says the direction is right, but the magnitude is smallMiran's Fed policy view not shared by other policymakersBy Ann SaphirSept 26 (Reuters) - An economist whose research provided a foundation for Federal Reserve Governor Stephen Miran's ar...Reuters
Fri, Sep 26
TREASURIES-Yields gain on strong consumer spending
U.S. consumer spending stronger than expectedFed rate-cut bets reduced amid stronger economic dataPotential government shutdown may delay key economic dataBy Matt Tracy and Karen Brettell WASHINGTON, Sept 26 (Reuters) - Longer-dated U.S. Treasury yields rose on Friday after data showed strong con...Reuters
Fri, Sep 26
What to Watch in the Week Ahead and on Monday, September 29
ON MONDAY Following Friday's solid consumer spending data, investors will watch for comments from Federal Reserve speakers. Federal Reserve Board Governor Christopher Waller is likely to speak on "Payments" at the Sibos 2025 Conference. (0730/1130) Meanwhile, Federal Reserve Bank of ...Reuters
Fri, Sep 26
Fed's Bowman reiterates economic risks on the job market front
NEW YORK, Sept 26 (Reuters) - Federal Reserve Vice-chair for Supervision Michelle Bowman said Friday the U.S. central bank is near to achieving its 2% inflation target amid rising job market risks.When it comes to the inflation target “I think we are in range of that,” while “the risks to the labor ...Reuters
Fri, Sep 26
Fed's Bowman warns Fed may already be behind the curve
Federal Reserve (Fed) Board of Governors member Michelle Bowman pivoted deeper into the pro-rate-cut camp on Friday, noting that recent payroll revisions shows the Fed is even further behind the curve on interest rate cuts than previously estimated.Fxstreet
Fri, Sep 26
Fed's Bowman says decisive rate cuts needed to offset labor market risks
Bowman urges proactive rate cuts to address labor market fragilityFed's recent rate cut aimed at bolstering job market amid inflation concernsBowman supports smaller balance sheet, tweaks to Standing Repo FacilityBy Michael S. Derby NEW YORK, Sept 26 (Reuters) - Federal Reserve Vice Chair for...Reuters
Fri, Sep 26
Fed's Bowman says decisive rate cuts needed to offset labor market risks
Bowman urges proactive rate cuts to address labor market fragilityFed's recent rate cut aimed at bolstering job market amid inflation concernsBowman supports smaller balance sheet, tweaks to Standing Repo FacilityBy Michael S. DerbyNEW YORK, Sept 26 (Reuters) - Federal Reserve Vice-chair for Sup...Reuters
Fri, Sep 26
WRAPUP 2-Solid US consumer spending in August underscores economy's resilience
Consumer spending increases 0.6% in AugustHigh-income households driving spendingOverall inflation warms up; wage growth coolingBy Lucia Mutikani WASHINGTON, Sept 26 (Reuters) - U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, ke...Reuters
Fri, Sep 26
Euro zone yields drop on U.S. data; French-German spread widest in nearly 7 months
U.S. Treasuries remain in the driving seatU.S. inflation data failed to affect marketsGerman fiscal spending in focusFrench yield spread widens before strike against austerity plansBy Stefano Rebaudo and Canan Sevgili Sept 26 (Reuters) - Euro zone government bond yields fell on Friday, reversing ...Reuters
Fri, Sep 26
Argentina approves McEwen's $2.7 billion copper project for tax break program
BUENOS AIRES, Sept 26 (Reuters) - Argentina has approved Canadian miner McEwen Copper's $2.7 billion Los Azules copper project in the country for a tax break program known as the Large Investment Incentive Regime (RIGI), the nation's economy minister said on Friday.The project is set to cont...Reuters
Fri, Sep 26
TREASURIES-Yields flat after in-line inflation data, strong spending numbers
By Matt Tracy WASHINGTON, Sept 26 (Reuters) - U.S. Treasury yields were largely flat following data on Friday that showed as-expected August inflation and consumer spending that surprised to the upside.The benchmark U.S. 10-year Treasury note yield US10YT=TWEB was last up just 0.3 basis points at...Reuters
Fri, Sep 26
Fed's Barkin: Key to continued consumer spending is whether people lose work
WASHINGTON, Sept 26 (Reuters) - U.S. consumer spending will likely hold up unless large numbers of people begin to lose their jobs, Richmond Fed president Thomas Barkin said on Friday."Both lower end and higher end spending are still reasonably healthy," Barkin said in comments at the Peters...Reuters
Fri, Sep 26
