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Home-improvement retailer Home Depot edges past quarterly sales estimates
Feb 24 (Reuters) - Home Depot HD.N beat Wall Street estimates for fourth-quarter sales, helped by resilient demand from professional contractors and lower‑cost home repairs by budget-strapped customers.The world's largest home improvement chain reported a 0.4% rise in same-store sales for the th...Reuters
Tue, Feb 24
HUF: Dovish inflation shift points to rate cut – Commerzbank
Commerzbank’s Tatha Ghose expects Hungary’s MNB to deliver a 25bp rate cut at today’s meeting, though guidance has been mixed after Governor Varga’s earlier hawkish pivot. Softer January inflation and disinflationary HICP trends across the EU provide data-driven justification for easing.
Fxstreet
Tue, Feb 24
ANALYSIS-Trump's economic agenda has delivered on some promises, missed on others
GDP growth beats expectations, despite initial shrinkageTariffs fail to fix trade deficit, Supreme Court ruling injects uncertainty Manufacturing output rises, but job growth stallsBy Ann Saphir Feb 24 (Reuters) - Over a year into Donald Trump's second presidential term, his suite of sweepin...Reuters
Tue, Feb 24
Don't bet on lower prices, businesses say, even after emergency Trump tariffs were shot down
Businesses unlikely to lower prices despite tariff reliefRefund process for tariffs expected to be complex and lengthyTrump imposes new 15% tariff, may face legal challengesBy Tom Hals, Arriana McLymore and Neil J Kanatt Feb 24 (Reuters) - Consumers expecting a drop in prices after the U.S. Supre...Reuters
Tue, Feb 24
EXCLUSIVE-Bostic says Fed cannot offset possible rise in structural unemployment
AI may lead to structurally higher unemployment, Bostic warnsFed's role limited in addressing structural labor changes, Atlanta Fed chief notesHe says economic inclusion still important issue for Fed analysisBy Howard Schneider WASHINGTON, Feb 24 (Reuters) - The U.S. may be entering a period ...Reuters
Tue, Feb 24
Japan hopes to stick to existing US deal in face of Trump's new tariffs
Japan says some exports could face higher tariff costs from latest Trump measuresTrade minister says Japan has requested treatment be equally favourable to last year's dealJapan keen to maintain stable ties ahead of PM's visit to the USBusiness lobby Keidanren's chief praises Supreme Cou...Reuters
Tue, Feb 24
CORRECTED-Trump's new tariffs shift focus to balance of payments; economists see no crisis
An initial 10% tariff has come into effectUnclear when the rate would rise to 15%Trump lawyers argued at Supreme Court that Section 122 not the right tool to address trade deficitsPlaintiffs in IEEPA case focused on securing refunds for all importers By Andrea Shalal and David Lawder Feb 24 - ...Reuters
Tue, Feb 24
CORRECTED-Trump's new tariffs shift focus to balance of payments; economists see no crisis
An initial 10% tariff has come into effectUnclear when the rate would rise to 15%Trump lawyers argued at Supreme Court that Section 122 not the right tool to address trade deficitsPlaintiffs in IEEPA case focused on securing refunds for all importers By Andrea Shalal and David Lawder Feb 24 - ...Reuters
Tue, Feb 24
Japan’s Takaichi expressed concerns in meeting with BoJ Ueda last week - the Mainichi daily
According to a report by Mainichi Shimbun, Japanese Prime Minister (PM) Sanae Takaichi voiced concerns over the Bank of Japan’s (BoJ) intentions to hike interest rates further in her meeting with Governor Kazuo Ueda, which happened last week on February 16.Fxstreet
Tue, Feb 24
BlackRock bets on corporate bonds over ‘volatile’ sovereigns as inflation ebbs
By Harry Robertson LONDON, Feb 24 (Reuters) - Investment giant BlackRock BLK.N favours corporate debt due to the higher yields on offer as inflation subsides, it said on Tuesday, and warned that government bond markets are likely to be more volatile as countries spend big on defence and infrastru...Reuters
Tue, Feb 24
Latest US tariff changes create more uncertainty for German exporters, Ifo says
BERLIN, Feb 24 (Reuters) - The mood among German exporters improved in February, a survey by the Ifo economic institute showed on Tuesday, but the latest changes to U.S. tariffs create new uncertainty, it added.The institute's index for export expectations rose to 2.6 points this month from -0.8...Reuters
Tue, Feb 24
US: Restructuring raises policy uncertainty – Rabobank
Rabobank’s Senior US Strategist Philip Marey explains that after the Supreme Court blocked use of IEEPA for reciprocal and fentanyl-related tariffs, President Trump swiftly shifted to a 15% global tariff under Section 122 of the Trade Act of 1974.Fxstreet
Tue, Feb 24
RPT-Trump's new tariffs shift focus to balance of payments; economists see no crisis
Trump's 15% replacement tariffs took effect on Tuesday for 150 daysTrump lawyers argued at Supreme Court that Section 122 not the right tool to address trade deficitsPlaintiffs in IEEPA case focused on securing refunds for all importers By Andrea Shalal and David Lawder Feb 24 - President...Reuters
Tue, Feb 24
