News
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Fed’s Daly: Inflation has come in much less than had feared
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Friday that inflation has come in much less than she had feared. Daly further stated that the US central bank is projecting additional cuts in risk management.Fxstreet
Fri, Oct 10
Japan's Akazawa says US-Japan trade deal implemented smoothly
Japan’s top tariff negotiator Ryosei Akazawa and US Commerce Secretary Howard Lutnick reaffirmed on Friday that the United States (US) and Japan trade agreement will serve to further strengthen the two nations’ strategic and economic ties, Bloomberg reported on Friday.Fxstreet
Fri, Oct 10
Farmers, traders ‘flying blind’ as US shutdown blocks key crop data
CHICAGO, Oct 9 (Reuters) - U.S. data vital to global grain and soybean trading has gone dark during the federal government's shutdown, leaving commodity traders and farmers without crop production estimates, export sales data and market reports during the peak of the autumn harvest.Reuters
Fri, Oct 10
US weekly jobless claims increased again, JPMorgan estimates
WASHINGTON, Oct 9 (Reuters) - The number of Americans filing new applications for unemployment benefits increased again last week, JPMorgan estimated on Thursday, hinting at some early layoffs related to the U.S. government shutdown.Reuters
Fri, Oct 10
US weekly jobless claims increased amid government shutdown, economists estimate
Economists estimate jobless claims increased to 235,000 last weekMore people estimated to have been receiving unemployment checks in the last week of SeptemberGovernment shutdown expected to boost claims in the coming weeksBy Lucia Mutikani WASHINGTON, Oct 9 (Reuters) - The number of Americans fi...Reuters
Thu, Oct 9
WRAPUP 1-Fed's Williams sees rate cuts ahead, Barr calls for caution
Barr emphasizes inflation risks despite labor market vulnerabilitiesWilliams says he is focused on labor market risks, expects rate cutsDivide illustrates coming debate at Fed's October 28-29 policy meeting By Ann Saphir and Michael S. Derby Oct 9 (Reuters) - With three weeks until the U.S. c...Reuters
Thu, Oct 9
TREASURIES-US yields flat to modestly higher as market in holding pattern
30-year auction points to solid demandMarket signals less meaningful in absence of government data -analystFed's Barr warns against aggressive policy changes, citing inflation WASHINGTON, Oct 9 (Reuters) - U.S. Treasury yields were little changed on Thursday, edging slightly higher as the ong...Reuters
Thu, Oct 9
TREASURIES-US yields nudge upward following so-so 30-year auction
30-year auction points to middling demandMarket signals less meaningful in absence of government data, Compernolle saysFed Governor Barr warns against aggressive policy changes, cites inflation risk WASHINGTON, Oct 9 (Reuters) - U.S. Treasury yields were higher on Thursday afternoon after an auct...Reuters
Thu, Oct 9
Fed's Barr says policy rate is only modestly restrictive
Oct 9 (Reuters) - Federal Reserve Governor Michael Barr on Thursday said that while the Fed's current policy rate is well above his estimate of long-run neutral, it is not actually delivering that much of a brake to economic growth."If I were to take my long run estimate, I would say it was ...Reuters
Thu, Oct 9
Fed should be cautious on rate cuts due to inflation risks, Barr says
Barr emphasizes inflation risks despite labor market vulnerabilitiesHe forecasts key Fed inflation gauge to rise above 3% by end of 2025Barr worries higher inflation could become more of a 'permanent phenomenon'By Ann Saphir Oct 9 (Reuters) - The U.S. central bank should move cautiously o...Reuters
Thu, Oct 9
US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines
WASHINGTON, Oct 9 (Reuters) - U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines.The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie ...Reuters
Thu, Oct 9
Fed’s Barr: Fed's inflation goal faces significant risks
Federal Reserve (Fed) Governor Michael Barr spoke about the economic outlook at the Economic Club of Minnesota in Golden Valley, and said that It's hard to judge at this point whether federal government shutdown will leave an imprint on overall economy.Fxstreet
Thu, Oct 9
