News
Important Only
US crude stocks climb more than expected as refinery crude runs decline, EIA says
Crude inventories rise by 3.5 million barrelsRefinery crude runs drop to lowest since February 2024US and Brent crude prices fall after data releaseBy Arathy Somasekhar and Georgina McCartneyHOUSTON, Oct 16 (Reuters) - U.S. crude stocks rose more than expected last week as refining crude runs droppe...Reuters
Thu, Oct 16
ECB must not overengineer policy on small inflation deviations, Kocher says
WASHINGTON, Oct 16 (Reuters) - The European Central Bank should keep interest rates steady as long as inflation is close to 2% and should not try to overengineer policy in case of small deviations from its target, Austrian central bank chief Martin Kocher said on Thursday.While inflation has hovered...Reuters
Thu, Oct 16
US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook
Homebuilder sentiment rises but remains at subdued levelsBuilders cutting house prices to attract buyersLuxury housing market demand strong but conditions challenging for other segmentsBy Lucia Mutikani WASHINGTON, Oct 16 (Reuters) - U.S. homebuilder sentiment jumped to a six-month high in Octobe...Reuters
Thu, Oct 16
IMF upgrades Asia's growth forecast, warns of risks from US-China tension
Asia economic activity holding up better than expectedRenewed US-China tension would hurt Asia more, IMF saysGreater regional integration can mitigate hitBy Leika Kihara WASHINGTON, Oct 16 (Reuters) - The International Monetary Fund revised up Asia's economic growth forecast on Thursday, but ...Reuters
Thu, Oct 16
IMF's Georgieva urges countries to keep trade as engine of growth
Georgieva urges restraint to avoid trade war falloutMost IMF members have not retaliated on tariffs, Georgieva saysAI investment could boost growth but widen inequalityBy Andrea Shalal and David Lawder WASHINGTON, Oct 16 (Reuters) - International Monetary Fund chief Kristalina Georgieva on Thursd...Reuters
Thu, Oct 16
CORRECTED-US retailers brace for impact as Trump's 100% China tariffs loom (Oct 13)
By Savyata Mishra Oct 13 (Reuters) - U.S. President Donald Trump's threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand.The fresh levies, set to take effect November 1...Reuters
Thu, Oct 16
IMF official urges China to shift fiscal focus away from industrial policy
By Leika KiharaWASHINGTON, Oct 16 (Reuters) - China has scope to ramp up fiscal stimulus, but should shift the focus of spending away from industrial policy and toward steps to boost consumption, a senior International Monetary Fund official said on Thursday. The Chinese economy remained resilient d...Reuters
Thu, Oct 16
EXCLUSIVE-Fed's Miran says he is not focused on asset price boom in push for lower rates
By Jamie McGeeverWASHINGTON, Oct 16 (Reuters) - Federal Reserve Governor Stephen Miran on Thursday said he was not concerned that easing monetary policy risks further inflating historically -- and in some cases record-high -- asset prices. “When I think about the financial condition that matters mos...Reuters
Thu, Oct 16
TREASURIES-US yields little changed as investors eye trade, weigh Fed comments
Waller suggests Fed could take slower pace of rate cutsUS mid-Atlantic manufacturing contracts in October US homebuilder sentiment vaults to 6-month highBy Chuck Mikolajczak NEW YORK, Oct 16 (Reuters) - U.S. 10-year Treasury yields were little changed on the session, bouncing off earlier lows as ...Reuters
Thu, Oct 16
EU's Dombrovskis says suspension of French pension reform costly, but to be offset
WASHINGTON, Oct 16 (Reuters) - France appears to be on track with its 2025 budget gap reduction, and while the suspension of its pension reform will be costly, it should be offset by other measures to keep consolidation as agreed with the European Union, the EU's top economic official said on Th...Reuters
Thu, Oct 16
IMF's Georgieva says Gaza ceasefire must be maintained, peace would benefit region
WASHINGTON, Oct 16 (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva on Thursday urged all parties to continue moving in the direction of a sustained lasting peace following a ceasefire in Gaza, saying it would benefit the entire region.Georgieva, speaking during the ann...Reuters
Thu, Oct 16
Fed's Waller: Doesn't see a need to take monetary policy below neutral
By Michael S. DerbyNEW YORK, Oct 16 (Reuters) - Federal Reserve Governor Christopher Waller said Thursday he doesn’t see a need to take monetary policy into stimulative territory despite job market worries.With inflation moving back to target and the job market softening, with monetary policy “you w...Reuters
Thu, Oct 16
US homebuilder sentiment vaults to 6-month high in October
WASHINGTON, Oct 16 (Reuters) - U.S. homebuilder sentiment jumped to a six-month high in October amid hopes that declining mortgage rates would stimulate demand for housing and help reduce an inventory overhang that has hampered new housing construction.The National Association of Home Builders/Wells...Reuters
Thu, Oct 16
Fed policymakers' focus on tariffs makes central bank seem political: Miran
Oct 16 (Reuters) - To safeguard their critically important monetary policy independence, Federal Reserve policymakers must take an "all-or-nothing" approach to talking about the Trump administration's policies, Fed Governor Stephen Miran said on Thursday, a pointed critique of his fellow...Reuters
Thu, Oct 16
Fed's Waller says ample reserves level essentially achieved
By Michael S. DerbyNEW YORK, Oct 16 (Reuters) - Federal Reserve Governor Christopher Waller said Thursday the central bank is effectively at the ample reserve level, which suggests the central bank’s balance sheet process may not have much more space to run.When it comes to the level of reserves tha...Reuters
Thu, Oct 16
