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Fed's Schmid says too soon to expect productivity to fix still-elevated inflation
By Howard Schneider WASHINGTON, Feb 11 (Reuters) - The U.S. central bank needs to keep tight monetary policy in place for now amid continued strong economic growth, Kansas City Federal Reserve President Jeffrey Schmid said on Wednesday, cautioning that it was too early to bank on rising productiv...Reuters
Wed, Feb 11
Euro area government bonds outperform US Treasuries after US data
By Stefano Rebaudo and Samuel Indyk LONDON, Feb 11 (Reuters) - Euro area government bonds outperformed their U.S. peers after economic data indicated labour market stability that could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflatio...Reuters
Wed, Feb 11
TREASURIES-US yields jump after stronger-than-expected jobs report
Labor market report exceeds expectations, dampening Fed rate cut hopesUnemployment rate drops to 4.3%, nonfarm payrolls rise by 130,000Fed rate cut expectations for March drop to 6% after jobs dataBy Chuck Mikolajczak NEW YORK, Feb 11 (Reuters) - U.S. Treasury yields shot higher on Wednesday, aft...Reuters
Wed, Feb 11
IMF urges South Africa to adopt clearer debt rule
IMF projects South Africa's growth at 1.4% in 2026Inflation expected to hit 3% target by end of 2027Debt rule should aim for 60% GDP over long term, IMF advisesBy Colleen Goko JOHANNESBURG, Feb 11 - The International Monetary Fund has urged South Africa to adopt a clearer and more binding lim...Reuters
Wed, Feb 11
US budget deficit to grow to $1.853 trillion in FY2026, CBO says
By David Lawder and Richard CowanWASHINGTON, Feb 11 (Reuters) - The U.S. budget deficit will grow slightly in fiscal 2026 to $1.853 trillion, the Congressional Budget Office forecast on Wednesday, showing that on balance, President Donald Trump's economic policies are worsening the country's...Reuters
Wed, Feb 11
Bank of Mexico's Heath doubts revised inflation forecast
MEXICO CITY, Feb 11 (Reuters) - Bank of Mexico Deputy Jonathan Heath believes Mexican inflation is unlikely to fall to the bank's 3% target in the second quarter of next year, as the bank officially forecast last week, saying the new projection is still too optimistic. Last Thursday, the Bank of...Reuters
Wed, Feb 11
INSTANT VIEW-US jobs beat for January affirms steady Fed view
NEW YORK, Feb 11 (Reuters) - U.S. nonfarm payrolls increased last month and the jobless rate ticked lower, beating forecasts and bolstering expectations that the Federal Reserve will keep interest rates steady as it gauges inflation trends. Nonfarm payrolls rose 130,000 jobs in January after a downw...Reuters
Wed, Feb 11
US employment growth through March revised down by 862,000 jobs
WASHINGTON, Feb 11 (Reuters) - The U.S. economy created 862,000 fewer jobs in the 12 months through March 2025 than previously estimated, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday.The final nonfarm payrolls benchmark revision was less than the reduction of 911,000...Reuters
Wed, Feb 11
Traders trim bets on Fed rate cuts after jobs report
Feb 11 (Reuters) - Traders of futures tied to short-term US borrowing costs trimmed bets Wednesday on Federal Reserve interest-rate cuts this year, after a government report showed employers added more jobs than expected last month.Traders moved to price out all but a one-in-five chance of a Fed pol...Reuters
Wed, Feb 11
Bank of Mexico's Heath questions bank's revised inflation forecast
MEXICO CITY, Feb 11 (Reuters) - Bank of Mexico Deputy Jonathan Heath believes Mexican inflation is unlikely to fall to the bank's 3% target in the second quarter of next year, as the bank officially forecast last week."Basically, almost nobody believes that not only are we not going to meet ...Reuters
Wed, Feb 11
