News
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Fed’s Williams: Current moderately restrictive monetary policy is appropriate
Federal Reserve Bank of New York President John Williams said late Wednesday that monetary policy is in the right place to allow the Fed to monitor the economy before taking its next decision, per Reuters. Williams added that the impact of trade tariffs is only just starting to hit the economy.Fxstreet
Wed, Jul 16
Walmart Mexico's profit dips 10% after tepid consumption growth
By Sarah Morland MEXICO CITY, July 16 (Reuters) - Walmart's Mexico and Central America unit WALMEX.MX reported a 10% decrease in its second-quarter net profit on Wednesday, below analysts' forecasts, citing a slower-than-anticipated recovery in consumer spending even as its sales rose 8%....Reuters
Wed, Jul 16
Fed's Williams says tariff economic impact is only just starting
Fed's Williams says modestly restrictive monetary policy is appropriateWilliams says tariff impact only just starting for economyWilliams says inflation will rise near term due to tariffsBy Michael S. Derby NEW YORK, July 16 (Reuters) - Federal Reserve Bank of New York President John Williams...Reuters
Wed, Jul 16
Fed's Bostic: Recent data show price pressures may be building -Fox Business
By Howard Schneider WASHINGTON, July 16 (Reuters) - Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed President Raphael Bostic said on Wednesday."We may be at an inflection point," B...Reuters
Wed, Jul 16
Wall Street CEOs see some tariff impact filtering into customer behavior
By Carolina Mandl NEW YORK, July 16 (Reuters) - Some top executives at Wall Street banks have been showing concern about higher inflation and potential deterioration of the U.S. economy as tariffs take effect, noting there has been more cautious behavior from corporate clients. "...Reuters
Wed, Jul 16
United Airlines sees profit below estimates as travel spending dips
CHICAGO, July 16 (Reuters) - United Airlines UAL.O on Wednesday forecast a lower-than-expected profit in the quarter through September as worries about rising living costs and an uncertain economic outlook have led to a pullback in discretionary travel spending.The Chicago-based airline, however, sa...Reuters
Wed, Jul 16
Fed's Bostic: Recent data show price pressures may be building
WASHINGTON, July 16 (Reuters) - Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed president Raphael Bostic said on Wednesday."We may be at an inflection point," Bostic said a day after ...Reuters
Wed, Jul 16
Fed Beige Book warns of flat or weakening activity throughout measured districts
The latest Federal Reserve (Fed) Beige Book, a summary of interviews with businesses, economists, and market experts, revealed that although business activity remains healthy overall and inflationary pressures remain on the subdued side, pressures are still building in the background and business opFxstreet
Wed, Jul 16
Trump says US will stick to 25% tariff on Japan, may have deal with India soon
Trump says letters going out to smaller countries soonEU negotiator heading to USTrump's economic adviser says more deals comingBy Trevor Hunnicutt and Andrea Shalal WASHINGTON, July 16 (Reuters) - President Donald Trump said on Wednesday the U.S. will probably "live by the letter"...Reuters
Wed, Jul 16
Ending Fed's independence would be a mistake, US Republican senator says
July 16 (Reuters) - U.S. Senator Thom Tillis of North Carolina said on Wednesday that firing the Federal Reserve Chair because "political people" don't agree with his economic decision-making would undermine U.S. credibility, adding that it would be a "huge mistake" to end the Fe...Reuters
Wed, Jul 16
US trade chief Greer says wants US trade deficit on downward path
Greer says US trade deficit 'untenable and unsustainable'Trump negotiating with countries to help US reindustrialize, Greer says'Problematic' trade partners to get highest tariffs, Greer says By David Lawder and Andrea ShalalJuly 16 (Reuters) - U.S. Trade Representative Jamieson Gree...Reuters
Wed, Jul 16
Trump open to idea of firing Fed Chair Powell, source says
WASHINGTON, July 16 (Reuters) - U.S. President Donald Trump is open to the idea of firing Federal Reserve Chair Jerome Powell, a source told Reuters on Wednesday.Trump polled some Republican lawmakers on firing Powell and received a positive response, the source said.Reuters
Wed, Jul 16
Morgan Stanley shares fall despite earnings beat, as investment banking revenue shrinks
Investment banking revenue falls 5%, lagging Goldman and JPMorganShares fall in early tradingClient assets closer to long term goal of $10 trillionMarket volatility increased equities trading revenueBy Tatiana Bautzer and Manya Saini July 16 (Reuters) - Morgan Stanley's MS.N profit beat Wall ...Reuters
Wed, Jul 16
Euro zone bond yields dip as investors assess inflation figures, trade talks
Euro zone bond yields edge lowerMarkets digest US CPI, PPI dataFocus on Trump tariff threatsBy Lucy Raitano LONDON, July 16 (Reuters) - Euro zone government bond yields were slightly lower on Wednesday as markets assessed U.S. inflation figures and took stock of the latest tariff developments. U....Reuters
Wed, Jul 16
US Pres. Trump asks Republican lawmakers whether he should fire Fed Chairman Powell – CBS
Citing multiple sources with direct knowledge of the matter, CBS News reported on Wednesday that United States (US) President Donald Trump asked Republican lawmakers whether he should fire Federal Reserve (Fed) Chairman Jerome Powell.Fxstreet
Wed, Jul 16
US crude stockpiles fall as exports rise; fuel demand drops, EIA says
Crude inventories drop by 3.9 mln bbls, surpassing forecastBrent and US crude futures extend losses after EIA reportCrude exports rise to 3.5 mln bpd, EIA reportsBy Stephanie KellyCHICAGO, July 16 - U.S. crude oil stockpiles fell last week as exports rose, while gasoline and distillate inventories r...Reuters
Wed, Jul 16
TREASURIES-US yields sink after benign producer prices data
US PPI data shows drop in services offsetting cost of goodsIndustrial production edges up in JuneHigher odds of Fed easing in October By Gertrude Chavez-Dreyfuss NEW YORK, July 16 (Reuters) - U.S. Treasury yields declined on Wednesday, after hitting multi-week peaks overnight, following data show...Reuters
Wed, Jul 16
US trade chief Greer says wants US trade deficit on downward path
WASHINGTON, July 16 (Reuters) - U.S. Trade Representative Jamieson Greer said on Wednesday that his trade policy goal was to put the $1.2 trillion U.S. trade deficit on a downward path and to stem the loss of U.S. advanced manufacturing capacity.Greer, in remarks to a reindustrialization summit in D...Reuters
Wed, Jul 16
US crude stocks fall, gasoline and distillate inventories rise - EIA
CHICAGO, July 16 - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 3.9 million barrels to 422.2 million barrels in the week ended July11, the EIA said, compared with analysts' expec...Reuters
Wed, Jul 16
