News
Important Only
Fed's Kashkari: Economy may not be slowing as much as we think
Oct 16 (Reuters) - Minneapolis Federal Reserve President Neel Kashkari said Thursday he does not think that there is a big chance the labor market will weaken sharply or inflation will surge, though he does worry about the risk that inflation could stay persistently above 3%. "I think that there...Reuters
Thu, Oct 16
US budget deficit dips in fiscal 2025 on boost from tariffs, education spending cuts
Fiscal 2025 tariff revenues rise to record $195 billionDepartment of Education bears brunt of Trump's spending cutsOutlays on Social Security, health care, interest on debt continue to climbTreasury Department reports monthly surplus of $198 billion in SeptemberBy David Lawder WASHINGTON, Oct...Reuters
Thu, Oct 16
Trump says his administration is working on lowering beef prices
WASHINGTON, Oct 16 (Reuters) - U.S. President Donald Trump said on Friday that his administration was working to lower the price of beef in the country."We are working on beef, and I think we have a deal on beef," Trump told reporters at the White House.The price of beef is "higher than ...Reuters
Thu, Oct 16
Fed's Miran says cost of tariffs won't be borne by US consumers
Oct 16 (Reuters) - Federal Reserve Governor Stephen Miran on Thursday said the downside of the Trump administration's tariffs has been "nowhere near" what many had predicted, and repeated his view that the cost of tariffs will not be borne by U.S. consumers, contrary to recent research b...Reuters
Thu, Oct 16
TREASURIES-US yields drop as trade, regional bank worries dent risk appetite
Trade tensions and credit market concerns drive Treasury yields lowerUS mid-Atlantic manufacturing contracts in October US homebuilder sentiment vaults to 6-month highBy Chuck Mikolajczak NEW YORK, Oct 16 (Reuters) - U.S. 10-year Treasury yields dropped on Thursday, with the yield on the two-year...Reuters
Thu, Oct 16
South Africa calls for greater ratings transparency at G20 meeting
WASHINGTON/JOHANNESBURG, Oct 16 (Reuters) - South African Reserve Bank Governor Lesetja Kganyago said on Thursday that developing nations should be able to challenge ratings agencies' methodologies to ensure greater transparency.Speaking at a press conference following the conclusion of the Grou...Reuters
Thu, Oct 16
Army colonel plans to lead Madagascar after coup ousts civilian president
African Union suspends Madagascar after coupRandrianirina to lead transitional government for up to two yearsRajoelina condemns coup, refuses to step down despite protestsBy Lovasoa Rabary ANTANANARIVO, Oct 16 (Reuters) - Madagascar's new military ruler, Colonel Michael Randrianirina, said he...Reuters
Thu, Oct 16
WRAPUP 1-Fed's Waller on board for an October rate cut, as Miran again presses for aggressive easing
Waller supports rate cut this month due to mixed job market dataFed governor focused on job market amid modest tariff impact on inflationFed's Miran continues campaign for big rate cuts amid rising risks By Michael S. Derby and Ann Saphir NEW YORK, Oct 16 (Reuters) - Federal Reserve Gover...Reuters
Thu, Oct 16
US budget deficit falls $41 billion to $1.775 trillion in fiscal 2025
By David LawderWASHINGTON, Oct 16 (Reuters) - The U.S. budget deficit shrank by $41 billion to $1.775 trillion in the 2025 fiscal year, despite a $118 billion increase in revenues from President Donald Trump's tariffs, the Treasury Department reported on Thursday.The results for the year ended S...Reuters
Thu, Oct 16
US crude stocks climb more than expected as refinery crude runs decline, EIA says
Crude inventories rise by 3.5 million barrelsRefinery crude runs drop to lowest since February 2024US and Brent crude prices fall after data releaseBy Arathy Somasekhar and Georgina McCartneyHOUSTON, Oct 16 (Reuters) - U.S. crude stocks rose more than expected last week as refining crude runs droppe...Reuters
Thu, Oct 16
ECB must not overengineer policy on small inflation deviations, Kocher says
WASHINGTON, Oct 16 (Reuters) - The European Central Bank should keep interest rates steady as long as inflation is close to 2% and should not try to overengineer policy in case of small deviations from its target, Austrian central bank chief Martin Kocher said on Thursday.While inflation has hovered...Reuters
Thu, Oct 16
US homebuilder sentiment hits 6-month high; economy uncertainty clouds housing outlook
Homebuilder sentiment rises but remains at subdued levelsBuilders cutting house prices to attract buyersLuxury housing market demand strong but conditions challenging for other segmentsBy Lucia Mutikani WASHINGTON, Oct 16 (Reuters) - U.S. homebuilder sentiment jumped to a six-month high in Octobe...Reuters
Thu, Oct 16
IMF upgrades Asia's growth forecast, warns of risks from US-China tension
Asia economic activity holding up better than expectedRenewed US-China tension would hurt Asia more, IMF saysGreater regional integration can mitigate hitBy Leika Kihara WASHINGTON, Oct 16 (Reuters) - The International Monetary Fund revised up Asia's economic growth forecast on Thursday, but ...Reuters
Thu, Oct 16
IMF's Georgieva urges countries to keep trade as engine of growth
Georgieva urges restraint to avoid trade war falloutMost IMF members have not retaliated on tariffs, Georgieva saysAI investment could boost growth but widen inequalityBy Andrea Shalal and David Lawder WASHINGTON, Oct 16 (Reuters) - International Monetary Fund chief Kristalina Georgieva on Thursd...Reuters
Thu, Oct 16
CORRECTED-US retailers brace for impact as Trump's 100% China tariffs loom (Oct 13)
By Savyata Mishra Oct 13 (Reuters) - U.S. President Donald Trump's threat of additional 100% tariffs on Chinese imports has sounded alarm bells among retail and trade experts, who caution it could lead to more price increases and squeeze demand.The fresh levies, set to take effect November 1...Reuters
Thu, Oct 16
IMF official urges China to shift fiscal focus away from industrial policy
By Leika KiharaWASHINGTON, Oct 16 (Reuters) - China has scope to ramp up fiscal stimulus, but should shift the focus of spending away from industrial policy and toward steps to boost consumption, a senior International Monetary Fund official said on Thursday. The Chinese economy remained resilient d...Reuters
Thu, Oct 16
EXCLUSIVE-Fed's Miran says he is not focused on asset price boom in push for lower rates
By Jamie McGeeverWASHINGTON, Oct 16 (Reuters) - Federal Reserve Governor Stephen Miran on Thursday said he was not concerned that easing monetary policy risks further inflating historically -- and in some cases record-high -- asset prices. “When I think about the financial condition that matters mos...Reuters
Thu, Oct 16
