News
Important Only
IMF sees Mexico growth improving mildly in 2026, urges debt cuts
MEXICO CITY, Sept 19 (Reuters) - Mexico's economic growth is expected to continue slowing in 2025 before ticking up slightly next year, the International Monetary Fund said on Friday, while warning that fiscal and structural measures are needed to secure long-term economic stability.WHY IT'S...Reuters
Fri, Sep 19
Fed's Daly says Fed cut rates to support labor market
Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly noted late on Friday that the Fed's move to cut rates was to try and bolster a weakening labor market, noting a pointed softening of the US economy over the past year.Fxstreet
Fri, Sep 19
TREASURIES-US yields rise, 10-year climbs to two-week high
10-year yield poised for weekly gainFed's Kashkari supports rate cuts due to job market risksBofA sticks to view of one more cut in 2025 By Chuck Mikolajczak NEW YORK, Sept 19 (Reuters) - U.S. Treasury yields were mostly higher on Friday, with the benchmark 10-year note set for its third stra...Reuters
Fri, Sep 19
Fed hawks and doves: what US central bankers are saying
By Ann Saphir Sept 19 (Reuters) - The Federal Reserve delivered a widely expected quarter-of-a-percentage point rate cut at its September 16-17 meeting and signaled some further gradual cuts ahead to support the labor market even as inflation remains above target. Stephen Miran, the Fed Board’s n...Reuters
Fri, Sep 19
IMF forecasts Mexico economy growing 1% in 2025
MEXICO CITY, Sept 19 (Reuters) - Mexico's economic growth is expected to slow to 1.0% in 2025, before accelerating slightly to 1.5% next year, the International Monetary Fund (IMF) said on Friday, adding that fiscal and structural measures are needed to secure long-term economic stability.Reuters
Fri, Sep 19
Stephen Miran confirms he was the 'bottom dot', insists immigration policy is deflationary
Newly minted Federal Reserve (Fed) Board of Governors member Stephen Miran, in a stiff departure from standard Fed rhetoric policy, revealed exactly where his opinion landed in the Federal Open Market Committee's (FOMC) latest Summary of Economic Projections (SEP).Fxstreet
Fri, Sep 19
POLL-Mexico's central bank to cut benchmark rate by 25 basis points to 7.50% on September 25
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=MXCBIR%3DECI poll dataBy Gabriel Burin BUENOS AIRES, Sept 19 (Reuters) - Mexico's central bank is set to again lower its benchmark interest rate by a quarter of a percentage point on September 25, taking it to 7.50%, a Reuter...Reuters
Fri, Sep 19
Fed's Miran says rate cuts needed to offset risks to job market - CNBC
NEW YORK, Sept 19 (Reuters) - In his first public remarks as a Federal Reserve Governor, Stephen Miran said Friday that the current state of monetary policy carries risk for the job market if it's not lowered substantially over time.“Being so far above neutral means that monetary policy is quite...Reuters
Fri, Sep 19
Most major brokerages see no more BoE cuts this year
Top brokerages say the central bank is likely done with rate cuts for the yearGoldman, Morgan Stanley and J.P. Morgan sees next cut in February 2026Barclays expects a November cut, BNP Paribas sees one in DecemberBy Joel Jose Sept 19 (Reuters) - Major brokerages including J.P.Morgan, Goldman Sac...Reuters
Fri, Sep 19
TREASURIES-Longer-dated US yields rise, 10-year poised for first weekly gain in five
10-year yield poised for weekly gainFed's Kashkari supports rate cuts due to job market risksBofA sticks to view of one more cut in 2025 By Chuck Mikolajczak NEW YORK, Sept 19 (Reuters) - Longer-dated U.S. Treasury yields rose on Friday, with the benchmark 10-year note on track for its third ...Reuters
Fri, Sep 19
Australia FX Today: Australian Dollar weaker ahead of September PMIs
The Australian Dollar (AUD) is trading slightly lower against the US Dollar (USD) on Friday, with the AUD/USD pair at 0.6595. But with the flash S&P Global Purchasing Managers Index (PMI) figures for September due on Monday at 23:00 GMT, caution could be the order of the day for traders.
Fxstreet
Fri, Sep 19
Canada's July retail sales drop 0.8%, but rebound likely in August
Retail sales in August likely to grow by 1%, StatsCan saidAugust rebound in sales indicates a good start to Q3 GDPSales drop across eight subsectors led by clothing, food By Promit MukherjeeOTTAWA, Sept 19 (Reuters) - Canada recorded a widely anticipated drop in retail sales in July as purchases acr...Reuters
Fri, Sep 19
Fed's Kashkari sees more cuts coming; says central bank remains above politics
Kashkari says his main worry is a rapid further weakening of the labor marketInflation unlikely to rise much higher than 3%, Kashkari saysMiran's arrival from administration like any other transition at the FedBy Ann Saphir and Howard SchneiderSept 19 (Reuters) - Federal Reserve Bank of Minneapo...Reuters
Fri, Sep 19
Mexico private spending accelerated in second quarter
MEXICO CITY, Sept 19 (Reuters) - Private spending in Mexico accelerated in the second quarter compared with the previous three-month period, registering its fastest growth rate in more than a year, official figures showed on Friday. Spending in Latin America's second-largest economy increased 1....Reuters
Fri, Sep 19
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Friday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3818 to the greenback, or 72.37 U.S. cents, after trading in a range of 1.3789 to 1.3825.Canadian government 10-year bond yields CA10YT=RR r...Reuters
Fri, Sep 19
Fed's Kashkari: Miran's arrival at Fed from Trump administration like any other transition to a new governor - CNBC
WASHINGTON, Sept 19 (Reuters) - Minneapolis Fed president Neel Kashkari said the arrival of Stephen Miran, on leave from the Trump administration, as a Fed governor did not infuse this week's central bank meeting with any particular political overtones, and was no different from other policymake...Reuters
Fri, Sep 19
Mexico's economy posts 0.2% y/y growth in August, preliminary estimate shows
MEXICO CITY, Sept 19 (Reuters) - Mexico's economy likely expanded 0.2% in August from a year earlier, a preliminary estimate from national statistics agency INEGI showed on Friday.Compared with the previous month, activity was likely up 0.1%, the agency added.Reuters
Fri, Sep 19
