News
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Ex-Fed and Treasury chiefs urge Supreme Court not to let Trump fire Cook
Trump is asking Supreme Court to let him remove CookFiling says Cook firing threatens Fed independenceTrump makes unproven mortgage fraud allegationsBy Dan Burns Sept 25 (Reuters) - A group of 18 former U.S. Federal Reserve officials, Treasury secretaries and other top economic officials who serv...Reuters
Thu, Sep 25
India proposes tweaks to foreign investment rules for exports in possible win for Amazon
Amazon lobbying for changes to India's foreign investment rulesIndia drafts proposal to only relax rules for exportsAmazon argues move can help small sellers ramp up exportsSmall brick-and-mortar retailers oppose change By Aditya Kalra NEW DELHI, Sept 25 (Reuters) - India's government has...Reuters
Thu, Sep 25
TREASURIES-Yields edge higher after gains on strong Q2 economic data
Yields inch higher after economic data surprises to upsideMarket awaits jobs numbers, other Q3 data, for Fed's rate pathTreasury to auction $44 billion in seven-year notes in afternoon By Matt Tracy WASHINGTON, Sept 25 (Reuters) - U.S. Treasury yields held morning gains on Thursday following ...Reuters
Thu, Sep 25
Fed's Goolsbee: with inflation rising, further rate cuts could be a mistake
Goolsbee expresses caution on rate cuts, wants more inflation dataFed's policy mildly restrictive, not excessively tight, Goolsbee arguesLabor market is stable, only mildly coolingBy Ann SaphirSept 25 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee on Thursday cautioned aga...Reuters
Thu, Sep 25
Euro zone yields nudge up, rate outlook overshadows global risks for investors
Bond yields tick higher after upbeat US economic dataGeopolitical risks fail to move the bond marketHopes for fiscal stimulus to boost German economy fadingBy Stefano Rebaudo Sept 25 (Reuters) - Euro zone government bond yields nudged higher on Thursday, tracking U.S. Treasuries after upbeat U.S....Reuters
Thu, Sep 25
TREASURIES-Yields rise after strong Q2 economic data, markets await Q3 data
By Matt Tracy Sept 25 (Reuters) - U.S. Treasury yields rose on Thursday following stronger-than-expected second-quarter economic data that could strengthen the case for a rates pause from the Federal Reserve at its next October meeting.The benchmark U.S. 10-year Treasury note yield US10YT=TWEB wa...Reuters
Thu, Sep 25
Canada FX Today: The Canadian Dollar awaits a GDP lifeline as economic headwinds mount
The Canadian Dollar (CAD) remains under slight pressure on Thursday against the US Dollar (USD) as markets anticipate the release of July's monthly Canadian Gross Domestic Product (GDP) on Friday at 12:30 GMT.
Fxstreet
Thu, Sep 25
Fed's Schmid: The more the Fed's balance sheet can be shrunk the better
By Michael S. DerbySept 25 (Reuters) - Federal Reserve Bank of Kansas City President Jeffrey Schmid said Thursday he’d like to get the central bank’s balance sheet down as far as it can go.“The more we can get our balance sheet out of the financial system environment” and allow banks to manage their...Reuters
Thu, Sep 25
US existing home sales dip in August
Sales dip amid affordability issues and high mortgage ratesNAR economist Yun sees potential sales boost from declining mortgage ratesRegional sales mixed; Midwest benefits from better affordabilitySept 25 (Reuters) - Sales of previously owned U.S. homes ticked lower in August amid affordability issu...Reuters
Thu, Sep 25
Brazil's mid-September inflation rebounds on higher housing prices
SAO PAULO, Sept 25 (Reuters) - Inflation in Brazil sped up in the month to mid-September after briefly dipping into negative territory a month earlier, though it still undershot market expectations, data from statistics agency IBGE showed on Thursday. The figures come as Brazil's centra...Reuters
Thu, Sep 25
US real GDP expands 3.8% in Q2 vs. 3.3% expected
The United States' (US) Gross Domestic Product (GDP) expanded at an annual rate of 3.8% in the second quarter, the US Bureau of Economic Analysis' (BEA) final estimate showed on Thursday. This reading came in above the previous estimate and the market expectation of 3.3%.Fxstreet
Thu, Sep 25
