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Trump adviser Hassett suggests New York Fed researchers be punished for tariffs argument
Trump adviser Hassett rips NY Fed paper, says researchers should be punishedNY Fed paper argued US pays for tariffs, not foreignersFed has been routine target for Trump officialsBy Michael S. Derby Feb 18 (Reuters) - Kevin Hassett, a top economic adviser to President Donald Trump, on Wednesday sa...Reuters
Wed, Feb 18
Exxon Guyana projects called Uaru, Whiptail moving ahead of schedule, executive says
GEORGETOWN, Feb 18 (Reuters) - Exxon Mobil's XOM.N fifth and sixth projects in Guyana called Uaru and Whiptail are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference. Alistair Routledge, Exxon Guyana Pr...Reuters
Wed, Feb 18
CORRECTED-US single-family housing starts rebound in January, building permits decline
WASHINGTON, Feb 18 (Reuters) - U.S. single-family homebuilding rebounded in December, but a decline in permits for future construction pointed to underlying weakness amid higher mortgage rates and material costs.Single-family housing starts, which account for the bulk of homebuilding, rose 4.1% to a...Reuters
Wed, Feb 18
US manufacturing output posts biggest gain in 11 months in January
WASHINGTON, Feb 18 (Reuters) - U.S. factory production increased by the most in 11 months in January, offering hope for a manufacturing sector that has been squeezed by import tariffs and high interest rates. Manufacturing output rose 0.6% last month, the largest gain since February 2025, after bein...Reuters
Wed, Feb 18
J&J to invest $1 billion in new Pennsylvania plant amid US manufacturing push
Feb 18 (Reuters) - Johnson & Johnson JNJ.N said on Wednesday it will invest more than $1 billion to build a new cell therapy facility in Pennsylvania, part of its larger plans announced last year to scale up U.S. manufacturing amid President Donald Trump's tariff threats. In March, the co...Reuters
Wed, Feb 18
Fed: Data-driven cuts reshaped – Rabobank
Rabobank’s Senior US Strategist Philip Marey expects the FOMC to deliver three 25 bps cuts in 2026, but now sees the easing cycle starting in June rather than March. Stronger US labor market data have reduced the urgency for near-term easing, while softer CPI inflation supports cuts later in 2026.Fxstreet
Wed, Feb 18
Trump adviser Hassett suggests New York Fed researchers be punished for tariffs argument
By Michael S. Derby Feb 18 (Reuters) - Kevin Hassett, a top economic adviser to President Donald Trump, on Wednesday said those behind a New York Federal Reserve research paper that argued the costs of tariffs are borne mostly by Americans should be punished for what he described as shoddy schola...Reuters
Wed, Feb 18
TREASURIES-US Treasury yields rise ahead of Fed minutes and bond auction
Fed likely to keep rates steady amid solid economy20-year bond auction to test investor demand amid yield dropSingle-family homebuilding rebounds, but future permits declineCapital goods orders and shipments exceed expectations in DecemberBy Karen Brettell NEW YORK, Feb 18 (Reuters) - U.S. Treasu...Reuters
Wed, Feb 18
Nigeria opens probe into Temu over suspected data protection breaches
By Camillus Eboh ABUJA, Feb 18 (Reuters) - Nigeria's data watchdog has opened a probe into Chinese-owned e-commerce giant Temu for suspected data-law violations, the regulator said on Tuesday, a move that could usher in legal penalties in one of Africa's biggest markets.The Nigeria Data P...Reuters
Wed, Feb 18
Daily disposable contact lenses set to power market rebound in 2026
By Christy SanthoshFeb 18 (Reuters) - Contact lens makers are poised for steadier growth in 2026 after a slight slowdown in the previous year, banking on rising demand for premium daily disposables and increased vision correction needs globally.The industry's big four - Johnson & Johnson JNJ...Reuters
Wed, Feb 18
CAD: Softer CPI lowers BoC reaction threshold – TD Securities
TD Securities analysts note that Canadian January CPI surprised slightly to the downside at 2.3% year-on-year, with core measures also easing. They argue the Bank of Canada is unlikely to overreact but say softer core momentum reduces the bar for policy response to future growth headwinds.
Fxstreet
Wed, Feb 18
US Durable Goods Orders contracted 1.4% in December
Durable Goods in the US dropped to $319.6 billion, or 1.4%, in December, the US Census Bureau reported on Wednesday. This print followed the 5.4% increase recorded in the previous month and surpassed market expectations for a 2.0% contraction.Fxstreet
Wed, Feb 18
Euro: EU integration and Sweden EMU talk support – Rabobank
Rabobank argues that the European Commission’s forthcoming push for a Savings and Investment Union and capital markets union, alongside Sweden’s possible reconsideration of EMU membership, are structurally supportive for the Euro.
Fxstreet
Wed, Feb 18
US core capital goods orders and shipments increase solidly in December
WASHINGTON, Feb 18 (Reuters) - New orders for key U.S.-manufactured capital goods increased more than expected in December and shipments of these products surged, cementing economists' expectations that business spending on equipment remained solid in the fourth quarter. Non-defense capital good...Reuters
Wed, Feb 18
