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Indonesia inflation: Temporary surge, oil risks – UOB
UOB economists Enrico Tanuwidjaja and Vincentius Ming Shen note Indonesia’s February CPI jumped to 4.76% year-on-year, above Bank Indonesia’s target, driven by base effects from electricity tariffs, higher Gold prices and food ahead of Ramadan.Fxstreet
Tue, Mar 3
Target's new CEO signals turnaround with upbeat outlook
Target's Q4 profit beats analysts' estimatesNew CEO focused on merchandising, pricing and store upgrades for growthBeauty, food & beverage demand prop up Q4 salesShares gain 7% in afternoon tradingBy Savyata Mishra and Juveria Tabassum March 3 (Reuters) - Target's TGT.N new CEO Mi...Reuters
Tue, Mar 3
Fed hawks and doves: What US central bankers are saying
By Ann Saphir March 3 (Reuters) - Federal Reserve policymakers are expected to hold short-term borrowing costs steady at their March 17-18 meeting, as they did in January. Here is a look at Fed officials' recent comments, sorting them under the labels "dove" and "haw...Reuters
Tue, Mar 3
TREASURIES-US yields rise for second straight session as oil rally continues
Iran conflict sends oil prices higherFed rate cut expectations drop as inflation concerns riseFed officials unsure about Iran impact on monetary policyBy Chuck Mikolajczak NEW YORK, March 3 (Reuters) - U.S. Treasury yields rose for a second straight session on Tuesday but eased from earlier highs...Reuters
Tue, Mar 3
What to Watch in the Day Ahead - Wednesday, March 4
On the U.S. economic front, the ADP national employment report is expected to show that private payrolls likely grew by 50,000 jobs in February, after rising 22,000 in the month before. Meanwhile, the Institute for Supply Management is expected to report that the reading for non-manufacturing PMI is...Reuters
Tue, Mar 3
QUOTES-US stocks pull back as Iran war concerns deepen
NEW YORK, March 3 (Reuters) - A selloff in US stocks deepened on Tuesday, as widening conflict in the Middle East drove energy prices higher and raised investor concern about inflation. MARKET REACTION: The Dow Jones Industrial Average was down 0.9%, the S&P 500 fell 1%...Reuters
Tue, Mar 3
Fed's Kashkari says Iran war obscures monetary policy outlook
Kashkari cites Iran conflict as new economic shockFed's rate cut expectations affected by rising oil pricesKashkari unsure how war impact will weigh on Fed policyBy Michael S. DerbyNEW YORK, March 3 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Tuesday that the ...Reuters
Tue, Mar 3
Middle East war economic impact to depend on duration, damage, energy costs, IMF official says
IMF studying direct impacts, infrastructure damage, energy, deputy Katz saysKatz: Prolonged increase in energy prices could unanchor inflation expectationsIMF: 2026 global GDP outlook was solid, too early to judge war's impact on growthBy David Lawder WASHINGTON, March 3 (Reuters) - The M...Reuters
Tue, Mar 3
Fed's Kashkari says Iran war obscures monetary policy outlook
NEW YORK, March 3 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday that the Iran conflict has increased uncertainty about the outlook and made it harder to know what lies ahead for central bank interest rate policy.When it comes to the outlook “I had a lot of conf...Reuters
Tue, Mar 3
QUOTES-US stocks decline as Iran war concerns deepen
NEW YORK, March 3 (Reuters) - A selloff in US stocks deepened on Tuesday, as widening conflict in the Middle East drove energy prices higher and raised investor concern about inflation. MARKET REACTION: The Dow Jones Industrial Average and the S&P 500 each fell 1.3% and...Reuters
Tue, Mar 3
