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Fed's Barkin says hard to know how long higher productivity will last
Rising productivity aids Fed's inflation fight, but future trends uncertainFed pauses rate cuts, inflation has been above target since 2021Higher productivity key to rate-cut arguments of Warsh and Miran By Howard Schneider COLUMBIA, South Carolina, Feb 3 (Reuters) - Rising productivity is h...Reuters
Tue, Feb 3
TREASURIES-Treasury yields climb on Fed policy speculation under Warsh
Warsh's Fed leadership may lead to balance sheet reductionEconomic data delayed due to partial government shutdownRising productivity aids Fed's inflation battle, says BarkinBy Karen Brettell NEW YORK, Feb 3 (Reuters) - U.S. Treasury yields rose on Tuesday as traders evaluated possible sh...Reuters
Tue, Feb 3
AUD: RBA rate hike signals ongoing tightening – BNY
The Reserve Bank of Australia (RBA) has raised its key interest rate by 25 basis points to 3.85%, aligning with market expectations. The RBA's hawkish tone indicates that inflation pressures are likely to persist, suggesting further policy tightening may be on the horizon.
Fxstreet
Tue, Feb 3
Fed’s Barkin: Current US government shutdown will only cause a few days of delay
Federal Reserve (Fed) President of the Bank of Richmond Thomas Barkin said on Tuesday that he is still concerned about risks to employment and inflation data and that he hopes the current United States (US) government shutdown will only cause a few days of delay in data.Fxstreet
Tue, Feb 3
Barkin: Producitivity does appear stronger but hard to tell if that will persist
By Howard SchneiderCOLUMBIA, South Carolina, Feb 3 (Reuters) - Rising productivity is helping businesses ease cost pressures, an aid in the U.S. Federal Reserve's inflation fight, but it is difficult to predict if that will persist and therefore hard to know how monetary policy might need to res...Reuters
Tue, Feb 3
CAD: Trading near fair value – Scotiabank
The CAD is holding in a tight range in the upper 1.36s, trading close to its fair value, as noted by Scotiabank's Analyst Team. The report indicates that recent swings in markets have prompted a rebound in the fair value estimate for the CAD, which now stands at 1.3679.Fxstreet
Tue, Feb 3
WW Grainger forecasts annual profit largely below estimates on slow industrial demand
Feb 3 (Reuters) - WW Grainger GWW.N forecast 2026 profit largely below Wall Street estimates on Tuesday amid slow demand for industrial equipment and tools as customers turn cautious in an uncertain economy.A shifting trade environment has made companies hesitant to place orders, weighing on firms s...Reuters
Tue, Feb 3
GBP: Spreads richen across curve – TD Securities
TD Securities Senior European & UK Rates Strategist Pooja Kumra reports that GBP spreads are continuing to richen across the curve, particularly in the belly, with 5-year spreads increasing by nearly 10bps since the start of the year.
Fxstreet
Tue, Feb 3
Italy draws record demand for new syndicated 15-yr BTP bond
ROME, Feb 3 (Reuters) - Italy raised 14 billion euros on Tuesday from its second syndicated bond sale of 2026, the country's highest ever demand for a single-tranche deal in a busy start to the year for euro zone issuers.Final orders for the new 15-year BTP bond, due October 1, 2041, reached 157...Reuters
Tue, Feb 3
BREAKINGVIEWS-UAE takes calculated risk on Trump crypto blowback
By Afiq Fitri AliasLONDON, Feb 3 (Reuters Breakingviews) - The United Arab Emirates has taken its close ties with Washington to the next level. The Gulf state was already in Donald Trump’s good books – after all, the U.S. president’s visit there last year coincided with a UAE pledge to invest $1.4 t...Reuters
Tue, Feb 3
WRAPUP 2-Trump's tariff cut sparks relief in India despite scant details
Trump cuts tariffs on Indian goods to 18% from 50%India to raise U.S. oil, defence goods, aircraft purchasesDeal lifts India markets; broader trade talks to followIndian refiners need time to stop Russian oil importsBy Shivangi Acharya and Manoj Kumar NEW DELHI, Feb 3 (Reuters) - U.S. President ...Reuters
Tue, Feb 3
Fed’s Barkin: The Fed’s last mile comes with structural risks.
Remarks from Federal Reserve Bank of Richmond President Thomas Barkin underline the economy’s resilience even as inflation remains above target. Barkin notes that, to date, rate cuts are framed as insurance for the labour market while the Fed works through the final phase of disinflation.Fxstreet
Tue, Feb 3
Fed's Barkin: Cuts so far helped support job market while waiting on inflation's "last mile"
By Howard SchneiderCOLUMBIA, South Carolina, Feb 3 (Reuters) - The U.S. Federal Reserve's interest rate cuts so far have helped insure the health of the job market while the Fed tries to complete "the last mile" in returning inflation to the central bank's 2% target, Richmond Fed Pr...Reuters
Tue, Feb 3
Fed's Miran tells Fox Business he still wants rate cuts this year
NEW YORK, Feb 3 (Reuters) - Federal Reserve Governor Stephen Miran continued to make the case for aggressive central bank interest rate cuts this year, in an interview on Fox Business Network on Tuesday.“I'm probably looking for a little bit more than a point of interest rate cuts over the cours...Reuters
Tue, Feb 3
Fed’s Miran: Stronger growth does not mean higher rates
Remarks from Federal Reserve Governor Stephen Miran lean decisively dovish, challenging the idea that current policy settings remain appropriate. The focus is on subdued underlying inflation, limited pressure from market yields, and scope for sizeable rate cuts this year.Fxstreet
Tue, Feb 3
