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TREASURIES-US yields retreat from day's highs after weak spending data
NEW YORK, June 27 (Reuters) - U.S. Treasury yields came off session highs on Friday, but remained marginally up on the day, after data showed consumer spending declined unexpectedly in May even though inflation remained tepid, as markets started pricing in a quicker pace of Federal Reserve easing...Reuters
Fri, Jun 27
Brazil's jobless rate drops to 6.2%, defying high interest rates
SAO PAULO, June 27 (Reuters) - Brazil's jobless rate hit 6.2% in the three months through May, statistics agency IBGE said on Friday, landing below expectations as the labor market continues to provide signs of strength despite stiflingly high interest rates.The unemployment rate in Latin Americ...Reuters
Fri, Jun 27
TREASURIES-US yields pare gains after inflation data
NEW YORK, June 27 (Reuters) - U.S. Treasury yields came off their highs on Friday after data showed consumer spending declined unexpectedly in May even though inflation remained tepid, as markets started pricing in a quicker pace of Federal Reserve easing this year.U.S. 10-year yields were last litt...Reuters
Fri, Jun 27
US consumer spending falls unexpectedly in May
WASHINGTON, June 27 (Reuters) - U.S. consumer spending unexpectedly fell in May as the boost from the pre-emptive buying of goods like motor vehicles ahead of tariffs faded, while monthly inflation increases remained moderate.Consumer spending, which accounts for more than two-thirds of economic act...Reuters
Fri, Jun 27
Brazil bank lending resilient in May despite high rates
BRASILIA, June 27 (Reuters) - Bank lending in Brazil remained robust in May, central bank data showed on Friday, reinforcing policymakers' recent upward revision to full-year credit growth forecasts despite aggressive monetary tightening.Outstanding credit rose 0.6% from April to 6.65 trillion r...Reuters
Fri, Jun 27
Platinum continues to catch up with Gold – Commerzbank
There's no stopping the price of Platinum: Yesterday, it climbed above the $1,400 per troy ounce mark for the first time since September 2014, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen and commodity analyst Barbara Lambrecht note.Fxstreet
Fri, Jun 27
RPT-BREAKINGVIEWS-Fed chair’s foes form a risky new Team Transitory
By Gabriel Rubin WASHINGTON, June 26 (Reuters Breakingviews) - U.S. Federal Reserve Chair Jerome Powell once tolerated what he deemed “transitory” inflation, only to see price rises spiral in the wake of the pandemic. He isn’t willing to make the same gamble again, despite political pressure to c...Reuters
Fri, Jun 27
