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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
Inflation Remains Sticky — Fed’s Rate Cut Path May Turn More Cautious
TradingKey - On Friday (U.S. Eastern Time), new U.S. data showed that consumer spending rose strongly for the second consecutive month in August, increasing 0.4% after inflation adjustment, well above the expected 0.2%, underscoring continued resilience in household demand.TradingKey
Fri, Sep 26
Fed’s Barkin: Focus is now on balancing the Fed’s goals
Richmond Federal Reserve President Thomas Barkin said on Friday that he saw limited risks of a sharp increase in either unemployment or inflation, which he argued would allow the Fed to balance its dual mandate as it considers further interest rate cuts.Fxstreet
Fri, Sep 26
Euro zone government bond yields drop slightly after US data
Sept 26 (Reuters) - Euro zone government bond yields were little changed after U.S. data showed U.S. consumer spending increased slightly more than expected in August.U.S. consumer spending, which accounts for more than two-thirds of economic activity, rose 0.6% last month after an unrevised 0.5% a...Reuters
Fri, Sep 26
Fed's Barkin: Risks to both inflation, jobs, may be limited
By Howard SchneiderWASHINGTON, Sept 26 (Reuters) - Richmond Federal Reserve President Thomas Barkin said Friday he sees limited risks of a big rise in either unemployment or inflation, letting the Fed balance its two goals as it debates further interest rate cuts."Our focus is more about balance...Reuters
Fri, Sep 26
