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Fed’s Kugler: It is appropriate to keep rates steady “for some time”
FOMC Governor Adriana Kugler said that the Federal Reserve should not lower interest rates "for some time" since the effects of Trump administration tariffs are starting to show up in consumer prices. She added that restrictive monetary policy is essential to keep inflationary psychology under line.Fxstreet
Thu, Jul 17
U.S. June Retail Sales Far Exceed Expectations — But Is the Tariff-Driven Inflation Illusionary?
TradingKey - On Thursday, July 17, the U.S. Department of Commerce released data showing that June 2025 retail sales rose 0.6% MoM, rebounding sharply from -0.9% in May — and well above the forecast of 0.1%. The core retail sales rate also improved from -0.3% to 0.5%, above the expected 0.3%.
TradingKey
Thu, Jul 17
US import prices rise marginally in June
WASHINGTON, July 17 (Reuters) - U.S. import prices rebounded marginally in June amid cheaper energy products, but higher costs for consumer goods were consistent with a tariff-driven increase in inflation.Import prices increased 0.1% last month after a downwardly revised 0.4% decline in May, the Lab...Reuters
Thu, Jul 17
Fed's Kugler: No rate cut for some time as tariffs pass through to prices
Fed expected to hold rates steady at July 29-30 meetingKugler sees risk of price pressures buildingKugler says tight policy needed to keep expectations in checkBy Howard SchneiderWASHINGTON, July 17 (Reuters) - The U.S. Federal Reserve should not cut interest rates "for some time" as the imp...Reuters
Thu, Jul 17
Trump's tariffs cloud G20 finance chiefs' meeting in South Africa
Trump's tariff threats escalate global trade tensionsBessent's absence follows no-show at February G20 meetingSouth Africa hopes for communique at end of meetingBy Kopano Gumbi, Maria Martinez and Colleen Goko DURBAN, July 17 (Reuters) - South Africa urged G20 countries to show global and...Reuters
Thu, Jul 17
RPT-US weekly jobless claims fall; job growth appears steady in July
WASHINGTON, July 17 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring. Initial claims for state unempl...Reuters
Thu, Jul 17
US weekly jobless claims fall; job growth appears steady in July
WASHINGTON, July 17 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring. Initial claims for state une...Reuters
Thu, Jul 17
US weekly jobless claims fall; job growth appears steady in July
WASHINGTON, July 17 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring. Initial claims for state une...Reuters
Thu, Jul 17
US retail sales beat expectations in June
WASHINGTON, July 17 (Reuters) - U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.Retail sales increased 0.6% last month after an unrevised 0.9% drop in May, the Commerce Department's Census Bureau sa...Reuters
Thu, Jul 17
US Retail Sales rise 0.6% in June vs. 0.1% expected
Retail Sales in the US increased by 0.6% on a monthly basis to $720.1 billion in June, the US Census Bureau reported on Thursday. This reading followed the 0.9% decrease reported in May and came in better than the market expectation for an increase of 0.1%.Fxstreet
Thu, Jul 17
Ex-Fed Governor Warsh: Need a new Fed-Treasury accord
July 17 (Reuters) - Former Federal Reserve Governor Kevin Warsh, seen as a potential pick by President Donald Trump to succeed Fed Chair Jerome Powell, said on Thursday on CNBC there needs to be a new Fed-Treasury accord, referencing the 1951 pact between the two agencies that separated federal debt...Reuters
Thu, Jul 17
