News
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Japan FX Today: Japanese Yen holds steady, awaiting clarity from BoJ Minutes
Ahead of the Bank of Japan's (BoJ) eagerly-awaited Minutes, due to be published on Wednesday at 23:50 GMT, the Japanese Yen (JPY) is holding steady against the US Dollar (USD), with USD/JPY hovering around 147.70, showing no intraday trend.
Fxstreet
Tue, Sep 23
Fed's Bowman: Fed needs to be decisive in fending off job market risks
Bowman says Fed needs to be proactive to support labor marketPowell speaks later on Tuesday Officials weighing job risk, still-high inflationBy Howard Schneider WASHINGTON, Sept 23 (Reuters) - The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate ...Reuters
Tue, Sep 23
EXCLUSIVE-German economic institutes revise up 2025 growth forecast to 0.2%, sources say
By Klaus Lauer and Holger Hansen BERLIN, Sept 23 (Reuters) - Five leading German economic institutes have nudged their 2025 growth forecast for Europe's largest economy up to 0.2% and predicted further rises of 1.3% next year and 1.4% in 2027, sources familiar with the matter told Reuters...Reuters
Tue, Sep 23
Fed's Bostic open to inflation target eventually being a range
By Michael S. DerbyNEW YORK, Sept 23 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday that at some point down the road he could support moving the central bank’s inflation target from 2% to a range.Bostic, speaking during a live taping of the Macro Musings podcast, s...Reuters
Tue, Sep 23
Bowman: Easier to support the labor market with cuts now than to fix it after it is broken
WASHINGTON, Sept 23 (Reuters) - It would be better for the Federal Reserve to stave off labor market weakness now than risk a fast rise in joblessness that may be hard to reverse, Federal Reserve vice chair for Supervision Michelle Bowman said on Tuesday."It's a lot easier to support the lab...Reuters
Tue, Sep 23
US business activity moderates further in September
WASHINGTON, Sept 23 (Reuters) - U.S. business activity slowed for a second straight month in September, and though firms complained about tariffs raising costs, they were not raising prices for their goods and services, which bodes well for the inflation outlook.S&P Global's flash U.S. Compo...Reuters
Tue, Sep 23
German economic institutes revise up 2025 growth forecast to 0.2%, sources say
BERLIN, Sept 23 (Reuters) - German economic institutes have nudged their 2025 growth forecast for Europe's largest economy up to 0.2% and predicted further rises of 1.3% next year and 1.4% in 2027, sources familiar with the matter told Reuters on Tuesday. The institutes had predicted 0.1%...Reuters
Tue, Sep 23
Fed's Goolsbee, on CNBC, says Fed has room to cut rates
Sept 23 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target.“I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust out of th...Reuters
Tue, Sep 23
TREASURIES-Yields flat as market digests Fed rate cut ahead of Powell remarks
Treasuries largely flat after gains on last week's Fed rate cutMarket closely watching Fed Chair Powell remarksTreasury slated to sell $69 billion in two-year notes TuesdayBy Matt Tracy Sept 23 (Reuters) - U.S. Treasury yields on Tuesday were largely flat after inching higher in the previous ...Reuters
Tue, Sep 23
US current account narrows sharply in second quarter
WASHINGTON, Sept 23 (Reuters) - The U.S. current account deficit contracted by the most on record in the second quarter as a flood of imports subsided. The Commerce Department's Bureau of Economic Analysis said on Tuesday the current account deficit, which measures the flow of goods, services an...Reuters
Tue, Sep 23
Fed's Bowman: Worried Fed is behind curve on labor market weakness
Federal Reserve (Fed) Governor Michelle Bowman said on Tuesday that she supported the quarter-point interest rate cut and added that now it's important for the Fed to proactively support the job market, per Reuters.Fxstreet
Tue, Sep 23
Fed's Bowman: Fed needs to be decisive in fending off job market risks
Bowman says Fed needs to be proactive to support labor marketPowell speaks later on Tuesday Officials weighing job risk, still-high inflationBy Howard Schneider WASHINGTON, Sept 23 (Reuters) - The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate ...Reuters
Tue, Sep 23
Fed's Goolsbee, on CNBC, says Fed has room to cut rates
NEW YORK, Sept 23 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said Tuesday if inflation cools off the central bank has some space to cut its interest rate target.“I think eventually, at a gradual pace, rates can come down a fair amount if we can get this stagflationary dust...Reuters
Tue, Sep 23
