News
Important Only
ANALYSIS-Following NATO summit, Trump and Europe still at odds over Putin's ambitions
US, NATO allies disagree on Putin's ultimate aimsRubio says Russia wants Ukrainian territories; Rutte warns of attack on EuropeLack of Russia strategy a blot on otherwise successful summitBy Gram Slattery THE HAGUE, June 26 (Reuters) - For U.S. President Donald Trump, Vladimir Putin is a man ...Reuters
Thu, Jun 26
Bank of Mexico cuts key interest rate to near three-year low
Decision brings rate to lowest in nearly three yearsOne bank governor voted to hold at 8.5%Markets had expected 50 bp cut Central bank still sees inflation trending downPast language about adjusting rate in "similar magnitudes" is absent from statementBy Brendan O'Boyle June 26 (Reute...Reuters
Thu, Jun 26
TREASURIES-Yields fall as markets consider weak jobs data, interest rate cuts timing
Markets speculate about potential announcement by president Donald Trump of his choice to replace PowellData shows more people are staying out of work longer Focus on PCE data expected for Friday after first-quarter GDP revisionDifference in yields between 2-year and 10-year US Treasuries the larges...Reuters
Thu, Jun 26
Bessent says he asked lawmakers to remove tax proposal from US budget bill
June 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that he has asked the Senate and the House to remove a tax proposal known as Section 899 from the budget bill after an agreement with other countries.Section 899 is currently part of Trump's tax-cut and spending bill, and...Reuters
Thu, Jun 26
Forex Today: US PCE readings gather all the attention
The Greenback retreated further and slipped back to levels last seen in March 2022 as fears over the Fed’s independence weighed heavily on investors’ sentiment while traders geared up for the release of extra inflation data on Friday.
Fxstreet
Thu, Jun 26
Trump decision on Fed not imminent, source says
Goolsbee says there is only one Fed chief Chicago Fed president says a nominee for top Fed job is free to have opinionsTrump has indicated a short list of nomineesBy Howard Schneider and Trevor Hunnicutt WASHINGTON, June 26 (Reuters) - U.S. President Donald Trump has not decided on a replacem...Reuters
Thu, Jun 26
Brazil posts narrower-than-expected May primary deficit on strong revenue, lower spending
BRASILIA, June 26 (Reuters) - Brazil's central government posted a smaller-than-expected primary deficit in May, Treasury data showed on Thursday, supported by strong revenue and a decline in expenditures.The primary deficit totaled 40.6 billion reais ($7.4 billion) for the month, below the 41.1...Reuters
Thu, Jun 26
Fed's Collins: not enough data by July to decide on a rate cut
June 26 (Reuters) - Boston Federal Reserve Bank President Susan Collins on Thursday signaled she feels July would be too soon to considering cutting interest rates.“We’re only going to have really one more month of data before the July meeting,” Collins told Bloomberg News. “I expect to want to see ...Reuters
Thu, Jun 26
WRAPUP 2-US labor market softening as more people remain on unemployment rolls
Weekly jobless claims fall 10,000 to 236,000Continuing claims highest since November 2021Durable goods orders soar 16.4% on strong aircraft demandGoods trade deficit widens 11.1% to $96.6 billion on weak exportsBy Lucia Mutikani WASHINGTON, June 26 (Reuters) - The number of Americans filing new a...Reuters
Thu, Jun 26
TREASURIES-Yields fall as markets consider weak jobs data, Fed concerns
Markets speculate about potential announcement by president Donald Trump of his choice to replace PowellHoliday may have contributed to lower Weekly job claims, more people stay out of work longer Focus on PCE data expected for Friday after first-quarter GDP revisionTreasury expected to sell $44 bil...Reuters
Thu, Jun 26
Brazil's central government posts $7.4 billion primary deficit in May
BRASILIA, June 26 (Reuters) - Brazil's central government posted a primary budget deficit of 40.6 billion reais ($7.4 billion) in May, Treasury data showed on Thursday.Economists polled by Reuters were expecting a larger shortfall of 41.1 billion reais. ($1 = 5.4966 reais)Reuters
Thu, Jun 26
Fed well positioned to wait to see what tariffs do, Barr says
June 26 (Reuters) - President Donald Trump's tariffs will likely increase inflation and could also drive up unemployment, Federal Reserve Governor Michael Barr said on Thursday in remarks that signaled that he - like most of his Fed colleagues - wants to wait for more clarity before making any i...Reuters
Thu, Jun 26
Fed hawks and doves: what US central bankers are saying
By Ann Saphir June 26 (Reuters) - President Donald Trump is deeply unhappy with the Federal Reserve after it again left its benchmark interest rate unchanged in the 4.25%-4.50% range at its June 17-18 meeting, and he is thinking about replacements for Fed Chair Jerome Powell some 10 months before...Reuters
Thu, Jun 26
Fed's Barkin says tariffs will start pushing up inflation
Fed's Barkin says tariffs will push up inflationBarkin said Fed policy well positioned amid considerable uncertaintyBarkin sees risks to Fed inflation and job mandatesBy Michael S. DerbyNEW YORK, June 26 (Reuters) - Federal Reserve Bank of Richmond President Thomas Barkin said on Thursday tariff...Reuters
Thu, Jun 26
IMF raises forecast for Saudi GDP growth to 3.5% in 2025
RIYADH, June 26 (Reuters) - The International Monetary Fund on Thursday raised its 2025 GDP growth forecast for Saudi Arabia to 3.5% from 3%, partly on the back of demand for government-led projects, and supported by the OPEC+ group's plan to phase out oil production cuts.Lower oil prices have w...Reuters
Thu, Jun 26
