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Fed's Goolsbee: Need to wait until anxiety recedes to feel comfortable about outlook
July 11 (Reuters) - U.S. President Donald Trump's fresh tariff announcements make it "messy" to interpret the state of the economy, Chicago Federal Reserve Bank President Austan Goolsbee said, adding that he is hearing a lot of anxiety from business contacts about coming inflation that i...Reuters
Fri, Jul 11
TREASURIES-US yields rise as tariffs, inflation in focus
Trump announces new tariffs on CanadaConsumer price data due next week next major economic focusTreasury seeks dealer feedback on T-bill issuanceBy Karen Brettell July 11 (Reuters) - U.S. Treasury yields rose on Friday as investors focused on next week’s consumer price inflation report that may s...Reuters
Fri, Jul 11
Biofuel demand to soak up more than half of US soyoil production next year, USDA says
USDA raises soybean oil use forecast for biofuels by 26.5% for 2025/26State mandates and federal tax credits boost domestic soyoil demandBy Karl Plume CHICAGO, July 11 (Reuters) - U.S. biofuel makers will consume more than half of all soybean oil produced in the United States next year as a recen...Reuters
Fri, Jul 11
Fed's Goolsbee says latest tariff threats could delay rate cuts, WSJ reports
July 11 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said the new tariffs unveiled by U.S. President Donald Trump have further muddied the inflation outlook, the Wall Street Journal reported on Friday.The latest round of tariffs, including a 35% levy on some Canadian imports an...Reuters
Fri, Jul 11
Trump says he will speak to Lula at some point as Brazil downplays tariff impact
Brazil expects minimal impact on growth from US tariffsOil remains exempt, source saysTrump says he will speak to President Lula at some pointChina criticizes US tariffs as coercive and interferingBy Nandita Bose, Bernardo Caram and Gabriel Araujo WASHINGTON/BRASILIA/SAO PAULO, July 11 (Reuters) ...Reuters
Fri, Jul 11
Treasury seeks dealer input on market capacity for T-bill issuance
By Karen Brettell July 11 (Reuters) - The U.S. Treasury Department on Friday asked primary dealers for input regarding how it should rebuild its cash balance following the increase in the debt ceiling, and how many Treasury bills it could issue without disrupting the market.The survey was part of...Reuters
Fri, Jul 11
Treasury seeks dealer input on market capacity for T-bill issuance
By Karen Brettell July 11 (Reuters) - The U.S. Treasury Department on Friday asked primary dealers for input regarding how it should rebuild its cash balance following the increase in the debt ceiling, and how many Treasury bills it could issue without disrupting the market.The survey was part of...Reuters
Fri, Jul 11
Turmoil on the Copper market following announcement of US tariffs – Commerzbank
As expected, US President Trump's announcement of 50% import tariffs on Copper has led to turmoil on the affected market. The price of Copper traded on Comex rose to a peak of almost 590 US cents per pound (equivalent to $13,000 per ton).Fxstreet
Fri, Jul 11
Brazil downplays impact of US tariffs on 2025 growth
Brazil expects minimal impact on 2025 growth from US tariffsBrazil plans to redirect exports to other global marketsChina criticizes US tariffs as coercive and interferingBrazil's aerospace industry may face significant challengesLula criticizes Trump's tariff reasoning as outrageousBy Berna...Reuters
Fri, Jul 11
TREASURIES-US yields rise as tariffs, inflation in focus
Trump announces new tariffs on CanadaConsumer price data due next week next major economic focusWhite House expands criticisms of Fed Chair PowellBy Karen Brettell July 11 (Reuters) - U.S. Treasury yields rose on Friday as investors focused on next week’s consumer price inflation report that may ...Reuters
Fri, Jul 11
Canada records surprise job gains, June unemployment rate edges down
Employment increases in wholesale and retail tradeTariff-exposed manufacturing sector also posts a riseUnemployment was up 9% on a yearly basis in JuneAverage hourly wage of permanent employees slowed to 3.2%By Promit Mukherjee OTTAWA, July 11 (Reuters) - Canada's unemployment rate fell sligh...Reuters
Fri, Jul 11
US tariff rate may be more than 20% after latest round, global business group says
US consumers face highest tariff rate since early 1900sRate is currently 16%, the highest since the 1930sCompanies 'acutely concerned' about tariffs, business group saysBy Josephine Mason LONDON, July 11 (Reuters) - U.S. consumers face an effective U.S. tariff rate of more than 20%, the h...Reuters
Fri, Jul 11
