News
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Goldman sees US effective tariff rate on Brazil imports at 30.8%
NEW YORK, July 30 (Reuters) - Goldman Sachs said the upcoming U.S. effective rate on all Brazilian imports will be 30.8%, six percentage points below a previous calculation, after accounting for a list of exemptions published on Wednesday by the White House."Our calculations suggest that the exe...Reuters
Wed, Jul 30
Brazil central bank pauses tightening after seven straight hikes
By Marcela Ayres BRASILIA, July 30 (Reuters) - Brazil's central bank held its benchmark interest rate steady on Wednesday, pausing an aggressive tightening cycle after seven consecutive hikes as widely expected after a signal last month that it would hold rates for a "very prolonged" ...Reuters
Wed, Jul 30
Powell says Fed does not consider government interest rate costs in policy debate
Fed's Powell rejects considering government borrowing needs when setting rate policyMost reckon cutting rates to lower government debt financing costs would backfireTrump has pressured Fed to cut rates in part on fiscal concernsBy Michael S. Derby NEW YORK, July 30 (Reuters) - U.S. Federal Re...Reuters
Wed, Jul 30
Brazil central bank pauses tightening after seven straight hikes
BRASILIA, July 30 (Reuters) - Brazil's central bank held its benchmark interest rate steady on Wednesday, pausing an aggressive tightening cycle after seven consecutive hikes as widely expected after signaling last month that it would hold rates for a "very prolonged" period.The bank'...Reuters
Wed, Jul 30
TREASURIES-US yields climb as Fed's Powell uncertain about September easing
NEW YORK, July 30 (Reuters) - U.S. Treasury yields rose on Wednesday after Federal Reserve Chair Jerome Powell said it's too soon to say whether the central bank will cut its interest rate target in September.Reuters
Wed, Jul 30
BOJ to be cautiously upbeat, keep rates steady as trade gloom lifts
BOJ concludes 2-day meeting, decision expected 0300-0430GMTBoard to revise up price forecast on rising food costsBOJ to maintain view underlying inflation short of 2% targetGovernor Ueda to brief media 0630GMTBy Leika Kihara TOKYO, July 31 (Reuters) - The Bank of Japan is set to keep interest rat...Reuters
Wed, Jul 30
FICO raises full-year profit forecast amid robust demand for its products
July 30 (Reuters) - Credit scoring giant Fair Isaac Corporation FICO.N, widely known as FICO, raised its forecast for full-year adjusted profit on Wednesday, reflecting robust demand for its products. The company now expects $718 million, or $29.15 per share, in adjusted profit for 2025, compared to...Reuters
Wed, Jul 30
Mexico sees stable finances, rules out new taxes for 2026, finance ministry says
Mexico's economy estimated to grow 1.5%-2.3% in 2025Finance ministry rules out new taxes for 2026By Ana Isabel Martinez, Adriana Barrera and Brendan O'BoyleMEXICO CITY, July 30 (Reuters) - Mexico's finance ministry estimated on Wednesday that the country's economy would grow between ...Reuters
Wed, Jul 30
In Line With Expectations, But Far From Calm — Fed Holds Rates Steady Once Again
TradingKey - On Wednesday afternoon (U.S. Eastern Time), the Federal Reserve once again delayed a rate cut, a decision widely anticipated by markets. This marks the fifth consecutive meeting at which the Fed has held rates steady, keeping the benchmark federal funds rate unchanged in the 4.25%–4.50%TradingKey
Wed, Jul 30
Ethan Allen beats Q4 sales estimates, declares special dividend
OverviewEthan Allen fiscal Q4 net sales beat analyst expectations, per LSEG dataAdjusted EPS for fiscal Q4 beats consensus, per LSEG dataCo announces special cash dividend of $0.25 per shareOutlookEthan Allen plans to open new design centers in fiscal 2026Company remains cautiously optimistic amid u...Reuters
Wed, Jul 30
EBay forecasts quarterly revenue above expectations
July 30 (Reuters) - E-commerce firm eBay EBAY.O forecast third-quarter revenue above Wall Street estimates on Wednesday, signaling robust demand for products like collector's items and refurbished goods. The company expects revenue in the range of $2.69 billion to $2.74 billion for the third q...Reuters
Wed, Jul 30
Fed policy decision generates most governor dissents since 1993
Waller, Bowman wanted US central bank to cut ratesMost Fed policymakers remain cautious amid uncertainty about impact of tariffsTrump has repeatedly demanded that Fed cut rates immediately By Michael S. Derby July 30 (Reuters) - The Federal Reserve's decision to hold interest rates steady fol...Reuters
Wed, Jul 30
TREASURIES-US yields advance as Fed's Powell says not sure about September cut
Fed's Bowman, Waller were the two governor dissentersFed's Powell says too soon to flag September rate cutUS rate futures lower odds of September rate cut to 50%Enough evidence to suggest Fed should be cutting -PGIM economist By Gertrude Chavez-Dreyfuss NEW YORK, July 30 (Reuters) - U.S...Reuters
Wed, Jul 30
INSTANT VIEW-FOMC holds rates steady, but two dissenters wanted cuts
July 30 (Reuters) - The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank's governors, both appointees of President Donald Trump who agree with him t...Reuters
Wed, Jul 30
Fed's Powell says central bank working to get HQ renovations done
By Michael S. Derby NEW YORK, July 30 (Reuters) - Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's visit last week to check out the renovations of the central bank's headquarters was welcome, adding the Fed will work to get the project completed. "We ha...Reuters
Wed, Jul 30
Fed's Powell says it will take a bit to understand how tariffs impact inflation
By Michael S. DerbyNEW YORK, July 30 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday he is expecting a slow process when it comes to understanding how trade tariffs impact inflation. When it comes to rising import taxes, "a reasonable base case is that these are one-time...pric...Reuters
Wed, Jul 30
US imposes sanctions on Brazilian high court judge
Moraes overseeing trial of Bolsonaro's alleged coup plotTrump imposed 50% tariff on Brazil, citing 'witch hunt'Brazil official calls US sanctions "violent and arrogant" By Matt Spetalnick and Ismail Shakil July 30 (Reuters) - The U.S. on Wednesday imposed sanctions on a Br...Reuters
Wed, Jul 30
Fed's Powell says no decision made yet on September rate cut
By Michael S. DerbyJuly 30 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday it's too soon to say whether the central bank will cut its interest rate target in September, as financial markets expect. "We have made no decisions about September, we don't...do that in advanc...Reuters
Wed, Jul 30
INSTANT VIEW-FOMC holds rates steady, but two dissenters wanted cuts
July 30 (Reuters) - The Federal Reserve held interest rates steady on Wednesday in a split decision that gave little indication of when borrowing costs might be lowered and drew dissents from two of the U.S. central bank's governors, both appointees of President Donald Trump who agree with him t...Reuters
Wed, Jul 30
