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RBNZ’s Hawkesby reiterates OCR projected to reach 2.5%
Reserve Bank of New Zealand (RBNZ) Governor Christian Hawkesby on Thursday reiterated that the Official Cash Rate (OCR) is projected to reach 2.5%. Hawkesby further stated that whether the central bank reaches its goal depends on the data.Fxstreet
Wed, Sep 10
British pharma industry says drug pricing stance hurts foreign investment
LONDON, Sept 10 (Reuters) - Britain's main pharmaceutical lobby group said on Wednesday foreign investment in the sector has fallen due to its approach to drug pricing, as the industry remains locked in dispute over the issue with the UK government.Drug companies have been in long-running negoti...Reuters
Wed, Sep 10
US Special Counsel sued for dismissing fired federal workers' complaints
By Daniel Wiessner Sept 10 (Reuters) - A group of former federal employees filed a lawsuit on Wednesday seeking to force a U.S. watchdog agency to investigate their claims that President Donald Trump's administration broke the law by firing thousands of recently hired government workers en ma...Reuters
Wed, Sep 10
TREASURIES-Yields slip after producer price data, long bond in tight range pre-auction
Surprise PPI drop helps smooth way for Fed ease next weekStrong demand for 10-year note before Thursday's long bond auctionInvestors await CPI on Thursday for final inflation read before Fed meetingBy Alden Bentley NEW YORK, Sept 10 (Reuters) - Treasury yields fell on Wednesday after a surpri...Reuters
Wed, Sep 10
Trump's Fed governor nominee Miran moves closer to Senate confirmation
Banking committee sends Miran's nomination to full SenateMiran's confirmation may not occur in time for next Fed meetingTrump seeks more influence over Fed with Miran's appointmentBy Bo Erickson and Ann Saphir Sept 10 (Reuters) - Stephen Miran, a top White House economic adviser, move...Reuters
Wed, Sep 10
Mexico to raise tariffs on cars from China to 50%
MEXICO CITY, Sept 10 (Reuters) - Mexico will raise its tariffs on automobiles from Asia and particularly from China to 50%, from a prior level of 20%, Economy Minister Marcelo Ebrard said on Wednesday."They already have tariffs. What we will do is raise them to the maximum level allowed," Eb...Reuters
Wed, Sep 10
WRAPUP 2-Cooler US producer inflation hints at softening demand
Producer Price Index falls 0.1% in AugustGoods prices edge up 0.1%; cost of services eases 0.2%Producer prices increase 2.6% on year-over-year basisBy Lucia Mutikani WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and m...Reuters
Wed, Sep 10
CORRECTED-TREASURIES-Yields slip after PPI, long bond in tight range pre-auction
By Alden BentleyNEW YORK, Sept 10 (Reuters) - Key Treasury yields eased back after news of a surprising drop in August producer prices strengthened the argument for an interest rate cut next week, but the T-bond yield wavered as investors prepared for Thursday's widely anticipated auction.The La...Reuters
Wed, Sep 10
Labor Department inspector general reviewing challenges to BLS economic data collection
WASHINGTON, Sept 10 (Reuters) - The office of the Labor Department's inspector general said on Wednesday it was initiating a review of challenges the Bureau of Labor Statistics (BLS) faces in collecting and reporting U.S. economic data following recent large downward revisions to nonfarm pay...Reuters
Wed, Sep 10
US oil stockpiles rise as crude exports fall and fuel demand slips, EIA says
Crude inventories post surprise build of 3.9 million barrelsCrude exports fall 1.1 million bpd, imports rise by 668,000 bpdGasoline and distillate stocks rise amid weaker demandBy Liz Hampton and Georgina McCartneyDENVER, Sept 10 (Reuters) - U.S. crude and fuel inventories rose last week amid a decl...Reuters
Wed, Sep 10
US data center build hits record as AI demand surges, Bank of America Institute says
Sept 10 (Reuters) - Construction spending on U.S. data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report.BY THE NUMBERS The June figure r...Reuters
Wed, Sep 10
United States FX Today: The US Dollar hinges on CPI inflation data
The US Dollar (USD) is moving cautiously on Wednesday, down slightly on the day according to the US Dollar Index (DXY), as markets hold their breath ahead of the eagerly awaited publication of the August Consumer Price Index (CPI) in the United States (US).Fxstreet
Wed, Sep 10
Inspector general reviewing challenges to Bureau of Labor Statistics economic data
WASHINGTON, Sept 10 (Reuters) - The Labor Department's inspector general is initiating a review of challenges to the Bureau of Labor Statistics collection and reporting of U.S. economic data, according to a letter from the office of the inspector general.Reuters
Wed, Sep 10
European bond yields ease ahead of ECB meeting, after US producer prices
By Joice Alves LONDON, Sept 10 (Reuters) - Euro zone government bond yields eased on Wednesday, a day before a European Central Bank meeting and after data showed U.S. producer prices unexpectedly fell in August. Investors, expecting the ECB to keep its rate unchanged at 2% on Thursday, are focu...Reuters
Wed, Sep 10
US crude stocks, gasoline and distillate inventories rise - EIA
U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.9 million barrels to 424.6 million barrels in the week ended September 5, the EIA said, compared with analysts' expectations in a Reuters pol...Reuters
Wed, Sep 10
Brazil prices fall for the first time in a year in August
SAO PAULO, Sept 10 (Reuters) - Brazil's inflation came in negative in August for the first time in a year, but the fall in consumer prices was smaller than markets had expected, data from statistics agency IBGE showed on Wednesday.Consumer prices in Latin America's largest economy dropped 0....Reuters
Wed, Sep 10
