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Fed's Collins says modestly restrictive monetary policy is necessary right now
NEW YORK, June 24 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Tuesday monetary policy is in the right place.In remarks focused on the housing industry, the bank president noted that the “modestly restrictive” stance of monetary policy is “necessary” even as it has weighed...Reuters
Tue, Jun 24
WRAPUP 1-US consumer confidence weakens on job market worries
Consumer confidence index falls 5.4 points to 93.0 in JuneLabor market differential narrows; inflation expectations easeAnnual house price growth slows in April as supply risesBy Lucia Mutikani WASHINGTON, June 24 (Reuters) - U.S. consumer confidence unexpectedly deteriorated in June as household...Reuters
Tue, Jun 24
Mexico carries out $6.8 billion operation to reduce dollar debt
MEXICO CITY, June 24 (Reuters) - Mexico's government on Tuesday said it carried out a $6.8 billion debt operation in international markets, reducing its dollar-denominated external debt due between 2027 and 2031 by 15% and strengthening its debt portfolio.The operation included the issuance of t...Reuters
Tue, Jun 24
Fed's Williams: Tariffs may be adding a quarter of a percentage point to inflation right now
Federal Reserve (Fed) Bank of New York President John Williams predicted slightly higher inflation and unemployment through the rest of the year on Tuesday, as well as slower-than-expected growth metrics.Fxstreet
Tue, Jun 24
Fed Chair Powell: Tariffs may be adding a quarter of a percentage point to inflation right now
Federal Reserve (Fed) Chair Jerome Powell added further comments during his testimony before the congressional budget committee on Tuesday, building out his case for holding off on rate cuts, likely until sometime in the fourth quarter.Fxstreet
Tue, Jun 24
Mexico carries out $6.8 billion operation to reduce dollar debt
MEXICO CITY, June 24 (Reuters) - Mexico's government on Tuesday said it carried out a $6.8 billion debt operation in international markets, reducing its dollar-denominated external debt due between 2027 and 2031 by 15% and strengthening its debt portfolio.In a statement, the finance ministry sai...Reuters
Tue, Jun 24
Fed's Williams sees slower growth, higher inflation this year on tariffs, uncertainty
By Michael S. DerbyNEW YORK, June 24 (Reuters) - Federal Reserve Bank of New York President John Williams expects slower growth and higher inflation this year due in large part to trade tariffs, in comments that gave little in the way of guidance for what’s next for central bank interest rate policy...Reuters
Tue, Jun 24
TREASURIES-US yields tick lower amid shaky Mideast truce, rate cut expectations
Investors focused on fragile Israel-Iran ceasefirePowell's comments seen as opening door to potential rate cutsGerman budget adds some selling pressure for long-dated debtTwo-year auction later on TuesdayBy Davide Barbuscia NEW YORK, June 24 (Reuters) - U.S. Treasury yields ticked lower on Tu...Reuters
Tue, Jun 24
Powell repeats rate cuts can wait as Fed studies tariff impacts
Powell says tariffs will raise inflationFed in good position to wait before cutting ratesEconomy remains solidBy Howard Schneider WASHINGTON, June 24 (Reuters) - Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of possible rate c...Reuters
Tue, Jun 24
Mexico's inflation meets forecasts, paving way for rate cuts
By Aida Pelaez-Fernandez MEXICO CITY, June 24 (Reuters) - Mexico's headline inflation landed in line with expectations in the first half of June, reinforcing analysts' expectations that the central bank should continue to steadily bring down interest rates in Latin America's secon...Reuters
Tue, Jun 24
Fed's Powell declines to point to a particular month for rate cut start
June 24 (Reuters) - Federal Reserve Chair Jerome Powell on Tuesday said if it turns out that inflation pressures are contained, the central bank will get to a place when it can cut interest rates, but "we don't need to be in any rush."Powell, answering a question during testimony before ...Reuters
Tue, Jun 24
At NATO, UK's Starmer pledges increase in defence spending to 5%
Starmer makes 5% pledge for first time publiclyChallenges accusations of putting defence above welfareUK publishes national security strategy, China auditBy Andrew MacAskill THE HAGUE, June 24 (Reuters) - British Prime Minister Keir Starmer pledged to boost overall defence and security spending t...Reuters
Tue, Jun 24
Fed's Hammack: No need to be overly dramatic about shift out of dollar
LONDON, June 24 (Reuters) - Cleveland Federal Reserve Bank President Beth Hammack on Tuesday said she saw no move underway by investors to abandon the U.S. dollar, but its weakening this year reflects shifts to a more neutral weight within investment portfolios from a substantial overweight.There...Reuters
Tue, Jun 24
TREASURIES-US yields flat amid shaky Mideast truce, global bond supply concerns
Investors focused on fragile Israel-Iran ceasefireGerman budget adds selling pressure for long-dated debtTwo-year auction later on TuesdayBy Davide Barbuscia NEW YORK, June 24 (Reuters) - U.S. Treasury yields were roughly unchanged on Tuesday amid fragile optimism over a ceasefire between Israel ...Reuters
Tue, Jun 24
Fed's Hammack: Job market seems stable but immigration effects bear watching
LONDON, June 24 (Reuters) - The U.S. job market appears to be stable but the effects of President Donald Trump's immigration restrictions are worth watching for signs of becoming a drag on employment growth, Cleveland Federal Reserve Bank President Beth Hammack said on Tuesday.“I don’t see the l...Reuters
Tue, Jun 24
REFILE-Fed's Hammack sees no imminent need to cut interest rates
Fed's Hammack sees no pressing need to cut interest ratesHammack says impact of tariffs is still uncertainHammack says policy could be on hold for some time while Fed seeks dataBy Michael S. Derby NEW YORK, June 24 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Tues...Reuters
Tue, Jun 24
US consumer confidence deteriorates in June
WASHINGTON, June 24 (Reuters) - U.S. consumer confidence unexpectedly deteriorated in June as households worried about business conditions and employment prospects over the next six months.The Conference Board said on Tuesday its consumer confidence index dropped 5.4 points to 93.0 this month, erasi...Reuters
Tue, Jun 24
