News
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Fed's Miran leans against any push to change Fed inflation target
NEW YORK, Sept 22 (Reuters) - Federal Reserve Governor Stephen Miran said Monday he does not support any change in the central bank’s 2% inflation target right now.“Any prospective changes to the inflation target should only ever be entertained after a material period of the Fed achieving its inflat...Reuters
Mon, Sep 22
Barkin: Low unemployment, wages, asset prices bolstering consumers
WASHINGTON, Sept 22 (Reuters) - A low unemployment rate, wage growth, and high asset prices have kept consumers on track, a prop to the U.S. economy even as firms and households continue to navigate higher tariffs, Richmond Fed president Thomas Barkin said on Monday."Consumers are spending nicel...Reuters
Mon, Sep 22
Fed's Miran says will listen to Trump, but has never been asked to pursue a policy
NEW YORK, Sept 22 (Reuters) - Federal Reserve Governor Stephen Miran said Monday he’s willing to listen to President Donald Trump share his views on Federal Reserve issues but will keep his own counsel when it comes to setting monetary policy.Miran, who is unusually on leave from the White House whi...Reuters
Mon, Sep 22
Fed's Hammack warns that inflation will probably rise further
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack warned on Monday that inflation pressures will likely persist for the time being, noting challenges on both sides of the Fed's mandate to both control inflation and support the labor market.Fxstreet
Mon, Sep 22
Fed's Miran says his preference for aggressive rate cuts not born of panic
NEW YORK, Sept 22 (Reuters) - Federal Reserve Governor Stephen Miran said Monday the central bank should cut interest rates aggressively to reduce risks to the economy's outlook.While there’s a need to cut rates aggressively and the pace of easing does look like actions taken during crisis perio...Reuters
Mon, Sep 22
Fed's Hammack: Need to be cautious in removing policy restriction
Sept 22 (Reuters) - The Federal Reserve needs to be "very cautious" in removing restrictive monetary policy with inflation still above the central bank's 2% target and remaining persistent, Cleveland Fed President Beth Hammack said on Monday."I think we are only a short distance to n...Reuters
Mon, Sep 22
Fed's Barkin acknowledges tariffs tend to be passed through to consumers
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Monday that tariff policies tend to result in higher prices for consumers, noting that the primary point of concern for businesses remains cloudy trade policy, not high interest rates.Fxstreet
Mon, Sep 22
Miran: Neutral rate is falling, and Fed needs to accommodate it
Falling "r star" warrants steep cutsBorder, regulation, other policies lowering the neutral rateKeeping policy risks labor market damageBy Howard SchneiderSept 22 (Reuters) - Changes in immigration, tax and regulatory policies are set to drive down underlying interest rates in the U.S., and ...Reuters
Mon, Sep 22
Euro zone long-end bond yields tick up ahead of debt sales, US inflation data
Long-dated euro zone bond yields near three-week peakAbout 30 billion of euro zone debt sales slated this weekCentral banks in Sweden, Switzerland expected to hold rates LONDON, Sept 22 (Reuters) - Long-tenor euro zone government bond yields nudged higher on Monday as investors awaited data on th...Reuters
Mon, Sep 22
United States FX Today: Dollar weakens as traders eye PMI data for growth clues
The US Dollar (USD) is weakening slightly on Monday, with the US Dollar Index (DXY) losing 0.2% in the day, as traders await the release of the flash S&P Global Purchasing Managers Indexes (PMIs) for September, scheduled for Tuesday at 13:45 GMT.Fxstreet
Mon, Sep 22
TREASURIES-US yields little changed in post-Fed rate cut hangover
By Matt Tracy WASHINGTON, Sept 22 (Reuters) - U.S. Treasury yields were little changed on Monday, hovering around Friday's levels, as the market appeared to have settled down following the Federal Reserve's first rate cut last week since December 2024. Yields rose last week despite the ce...Reuters
Mon, Sep 22
Fed's Musalem: Tariff retaliation less than feared
WASHINGTON, Sept 22 (Reuters) - Foreign retaliation against U.S. tariffs has been far less than feared, St. Louis Fed president Alberto Musalem said on Monday, with the impact of import taxes on inflation expected to fade after two or three quarters."There was angst about large retaliation...So ...Reuters
Mon, Sep 22
Fed’s Musalem: Economy is near full employment
St. Louis Fed President Alberto Musalem explained on Monday that he backed last week’s rate cut, describing it as a precaution to safeguard the job market. At the same time, he cautioned that with inflation still running above the Fed’s 2% goal, there might not be much room left for further cuts.Fxstreet
Mon, Sep 22
Fed's Musalem says limited room for further rate cuts
By Howard SchneiderWASHINGTON, Sept 22 (Reuters) - St. Louis Federal Reserve President Alberto Musalem said on Monday he supported the rate cut at last week's Fed meeting as a precautionary move to protect the job market, but said there may be "limited room" for further reductions given ...Reuters
Mon, Sep 22
Roche CEO, pharma execs to meet with Swiss government over US tariffs
By John Revill ZURICH, Sept 22 (Reuters) - Roche ROG.S Chief Executive Thomas Schinecker and other senior executives from the Swiss pharmaceuticals industry will meet with the government on Monday to discuss the threat U.S. tariffs pose to the crucial export sector.Washington has imposed a 39% ta...Reuters
Mon, Sep 22
Fed's Bostic sees no further rate cuts this year, WSJ reports
Sept 22 (Reuters) - Atlanta Fed President Raphael Bostic said he does not currently see the need for further interest rate cuts this year due to inflation concerns, according to an interview published by the Wall Street Journal on Monday."I am concerned about the inflation that has been too high...Reuters
Mon, Sep 22
