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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) - U.S. Federal Reserve Chair Jerome Powell said on Tuesday the central bank needs more time to see if rising tariffs drive inflation high...Reuters
Tue, Jun 24
Dow Jones futures advance on Israel-Iran truce, increase in Fed dovish bets
Dow Jones futures gain sharply during the European trading session on Tuesday due to multiple tailwinds: ceasefire between Israel and Iran, and dovish commentary from a slew of Federal Reserve (Fed) officials, including Fed Vice Chair Michelle Bowman, Governor Christopher Waller, and Chicago Fed PreFxstreet
Tue, Jun 24
USD/CNH: Likely moves into a 7.1620/7.2200 – UOB Group
US Dollar (USD) could edge lower against Chinese Yuan (CNH), but any decline is unlikely to break below the major support at 7.1620. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jun 24
EXCLUSIVE-Fed should wait on rate cuts with price hikes expected, Bostic says
Atlanta Fed chief says no rush to cutBusinesses say price hikes a matter of when, not ifNo sign of widespread layoffs By Howard Schneider ATLANTA, June 24 (Reuters) - The Federal Reserve need not cut interest rates with companies planning to raise prices later this year in response to higher ...Reuters
Tue, Jun 24
Big US banks expected to ace stress tests, boost dividends
New Fed methodology, improved economic scenarios to improve stress test resultsAnalysts expect banks to boost dividends and share buybacksRegulatory changes may reduce stress test volatility, aiding banksBy Nupur Anand NEW YORK, June 24 (Reuters) - The biggest U.S. lenders are expected to clear t...Reuters
Tue, Jun 24
FACTBOX-How Trump could influence the makeup of the Fed
June 24 (Reuters) - U.S. President Donald Trump has railed often against the Federal Reserve and central bank Chair Jerome Powell for not lowering interest rates, but his options are limited for replacing Fed leadership with officials aligned with his wishes. First, a recent Supreme...Reuters
Tue, Jun 24
Powell is staying at the Fed, with Trump appointments possibly limited
Supreme Court citing Fed's special role limits Trump's appointmentsPresident may be able to name as few as two new governorsPowell starts two days of hearings before CongressU.S. military involvement in Iran now part of backdropBy Howard Schneider WASHINGTON, June 24 (Reuters) - U.S. Fede...Reuters
Tue, Jun 24
Sweden halves 2025 growth forecast to 0.9% on trade uncertainty
Government expects GDP growth of 0.9% in 2025 vs 1.8% previouslyRaises 2026 growth forecast to 2.6% from 2.3%Recovery expected to begin in autumn, but high uncertainty STOCKHOLM, June 24 (Reuters) - The Swedish government has cut its forecast for economic growth this year in half, its finance min...Reuters
Tue, Jun 24
Trump's CFPB rollback has cost Americans $18 billion, consumer groups say
By Douglas Gillison June 24 (Reuters) - President Donald Trump's rapid pullback of the U.S. Consumer Financial Protection Bureau has cost Americans at least $18 billion in higher fees and lost compensation for consumers allegedly cheated by major companies, according to an analysis released T...Reuters
Tue, Jun 24
FXS Fed Sentiment Index drops to lowest level since March ahead of Powell testimony
Federal Reserve (Fed) Chairman Jerome Powell will testify before the US House Financial Services Committee on Tuesday. Investors will look for fresh hints on the timing of the next policy action after recent comments from Fed policymakers showed a difference of opinion.Fxstreet
Tue, Jun 24
