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Trump says Fed's Powell will be out soon
WASHINGTON, July 22 (Reuters) - U.S. Federal Reserve Chair Jerome Powell kept rates too high and will be out in eight months, President Donald Trump said at a news conference on Tuesday."I think he's done a bad job, but he's going to be out pretty soon," he said from a meeting at the...Reuters
Tue, Jul 22
Fed hawks and doves: what US central bankers are saying
By Ann Saphir July 22 (Reuters) - President Donald Trump's administration has ramped up its pressure on Federal Reserve Chair Jerome Powell ahead of the U.S. central bank's July 29-30 policy meeting, with White House officials reviewing an ongoing $2.5 billion renovation project for c...Reuters
Tue, Jul 22
TREASURIES-US government bonds trade in tight range after rally
NEW YORK, July 22 (Reuters) - U.S. Treasury yields were slightly lower on Tuesday, with the market taking a breather after Monday's rally, which was driven by technical demand and renewed investor worries over the economic impact of U.S. tariffs.Reuters
Tue, Jul 22
US Treasury Sec. Bessent: Nothing tells me Powell should step down right now
In an interview with Fox Business Network on Tuesday, United States (US) Treasury Secretary Scott Bessent said that Federal Reserve Chairman Jerome Powell's term end in May and added that there is nothing that tell him Powell should step down right now, per Reuters.Fxstreet
Tue, Jul 22
PRESS DIGEST-Canada - July 22
July 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILAdastra Group, an IT consultancy co-headquartered in Toronto and Prague, is selling a majority stake to U.S. private...Reuters
Tue, Jul 22
Fed's Bowman: Fed independence is very important with respect to monetary policy-CNBC
July 22 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bowman on Tuesday said the central bank's ability to set monetary policy without political interference is "very important.""It's very important ... that we maintain our independence with respect to monetary ...Reuters
Tue, Jul 22
Pultegroup beats quarterly revenue estimates as sales incentives hold up
July 22 (Reuters) - Homebuilder Pultegroup PHM.N on Tuesday posted second-quarter revenue above Wall Street estimates, helped by steady home sales resulting from buyer incentives, sending the company's shares up 1.7% before the bell.The sector is grappling with a weakening consumer sentiment, pr...Reuters
Tue, Jul 22
Morocco's annual inflation steady at 0.4% in June
RABAT, July 22 (Reuters) - Morocco's annual inflation, measured by the consumer price index, was 0.4% in June, the same as in the previous month, the North African country's statistics agency said on Tuesday.Core inflation, which excludes more volatile goods such as food, was 1.1% year-on-ye...Reuters
Tue, Jul 22
Political gridlock eases JGB yield pressure – BBH
Japan’s political stalemate is likely to limit large-scale fiscal stimulus, easing pressure on long-term JGB yields. Meanwhile, USD/JPY has stabilized after recent losses and is expected to remain rangebound in the coming months, BBH FX analysts report.
Fxstreet
Tue, Jul 22
In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate
Trump administration frustrated with economists' views on tariffs and inflationFed officials divided on tariff impact and rate cut decisionUncertainty remains around inflation and tariff effects on economyBy Paritosh Bansal July 22 (Reuters) - Joseph Lavorgna, counselor to Treasury Secretary ...Reuters
Tue, Jul 22
Bailey speech: UK experience on yield curve is not out of line with other markets
Testifying on the Financial Stability Report (FSR) before the Treasury Select Committee, in London, on Tuesday, Bank of England (BoE) Governor Andrew Bailey said that “the UK experience on yield curve is not out of line with other markets.”
Fxstreet
Tue, Jul 22
Brent hits resistance at $72 – Société Générale
Brent crude is struggling to break above its 200-day moving average near $72, highlighting ongoing resistance in the market. Failure to overcome this barrier could trigger further declines toward $66.30 and potentially $63.00, Société Générale's FX analysts note.Fxstreet
Tue, Jul 22
