News
Important Only
Foreign holdings of US Treasuries top $9 trillion for 3rd month -data
NEW YORK, July 17 (Reuters) - Foreign holdings of U.S. Treasuries increased in May, data from the Treasury Department showed on Thursday, topping $9 trillion for a third straight month. Holdings of U.S. Treasuries rose to $9.045 trillion, up from April's level of $9.013 trillion. Compared with a...Reuters
Thu, Jul 17
FACTBOX-The Fed building renovations at the center of Trump's fight with Powell: Five things to know
By Ann Saphir July 17 (Reuters) - The spiraling cost of the Federal Reserve's years-long renovation of two historic buildings in Washington, D.C., has become the latest flashpoint in the Trump administration's escalating pressure campaign on Fed Chair Jerome Powell, whom Trump wants out o...Reuters
Thu, Jul 17
Economic uncertainty cannot be new norm, says Canada at G20
By Philip Blenkinsop DURBAN, July 17 (Reuters) - Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada's finance minister said on Thursday.G20 finance ministers and central bankers meeting near Dur...Reuters
Thu, Jul 17
Fed's Daly says 'reasonable' to expect two rate cuts before end of 2025
Tariffs' impact on inflation less than expected, Daly saysShe says rates will need to fall as inflation drops to avoid harming labor marketMarkets expect no change in rates at Fed's July 29-30 meetingBy Ann Saphir July 17 (Reuters) - San Francisco Federal Reserve President Mary Daly reite...Reuters
Thu, Jul 17
White House: EU continues to be very eager in trade negotiations
WASHINGTON, July 17 (Reuters) - The European Union continues to be very eager in negotiating trade with the U.S., White House spokeswoman Karoline Leavitt said at a press conference on Thursday.The bloc is seeking "ways to lower their tariff and their non-tariff barriers that we have long said h...Reuters
Thu, Jul 17
Fed's Daly: tariffs' effect on inflation may be more muted than thought
July 17 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Thursday said the effect of the Trump administration tariffs on inflation may be more muted than had been expected, with companies figuring out ways to avoid tariffs or passing all of the costs on to their customers, and i...Reuters
Thu, Jul 17
Ex-Fed Governor Warsh says new accord between Treasury, central bank needed
July 17 (Reuters) - Former Federal Reserve Governor Kevin Warsh, seen as a potential successor to Fed Chair Jerome Powell, said on Thursday there needs to be a new accord between the Treasury Department and U.S. central bank, referencing a 1951 pact that separated federal debt management from moneta...Reuters
Thu, Jul 17
Latin America's foreign direct investment rose 7% last year, but new flows stagnate
SANTIAGO, July 17 (Reuters) - Foreign direct investment (FDI) in Latin America grew by 7.1% in 2024 to $188.96 billion, but new investment interest has stagnated, the Economic Commission for Latin America and the Caribbean (ECLAC) said on Thursday.WHY IT'S IMPORTANTFDI is a key driver of economi...Reuters
Thu, Jul 17
US business inventories unchanged in May
WASHINGTON, July 17 (Reuters) - U.S. business inventories were unchanged for a second straight month in May, suggesting that inventories could subtract from gross domestic product in the second quarter.The flat reading in inventories reported by the Commerce Department's Census Bureau on Thursda...Reuters
Thu, Jul 17
TREASURIES -US yields slip after brief spike following solid batch of US data
By Gertrude Chavez-Dreyfuss NEW YORK, July 17 (Reuters) - U.S. Treasury yields edged lower on Thursday, briefly spiking after a batch of data showed the world's largest economy remained on a stable footing, supporting the Federal Reserve's patient stance on resuming its monetary easing p...Reuters
Thu, Jul 17
Turkey cenbank to restart cutting cycle with 250 bps move in July
By Ece Toksabay ANKARA, July 17 (Reuters) - Turkey's central bank is expected to kick off a renewed easing cycle with a 250 basis-point rate cut to 43.50% next week, as disinflation continues and market turmoil has largely faded, a Reuters poll showed on Wednesday. All but one of the 17 ec...Reuters
Thu, Jul 17
GE Aerospace lifts profit outlook as engine deliveries soar
Second-quarter LEAP engine deliveries up 38% year on yearGE's suppliers deliver 10% more parts, shipping over 90% of committed volumeGE expects low-single-digit rise in global aircraft departuresCEO Culp urges White House to restore tariff-free regime for aerospaceBy Rajesh Kumar Singh and Shiva...Reuters
Thu, Jul 17
