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Putin says rumours of death of Russia's economy are greatly exaggerated
ST PETERSBURG, Russia, June 20 (Reuters) - Russian President Vladimir Putin evoked the words of Mark Twain on Friday when asked about the health of the Russian economy, saying that rumours of its death had been greatly exaggerated. Putin pointed to GDP growth of 4.1% last year. Earlier on Friday, Pu...Reuters
Fri, Jun 20
EXCLUSIVE-Fed's Barkin: No rush to cut, can't dismiss inflation risks from tariffs
Barkin says economic data is not showing a need to cutFed can't ignore a new inflation spike if it comes, Barkin saysBusiness still in wait-and-see modeBy Howard Schneider WASHINGTON, June 20 (Reuters) - Richmond Federal Reserve President Thomas Barkin said on Friday there's no rush to cu...Reuters
Fri, Jun 20
Still early to assess tariff impact on economy, Fed report says
Fed 'well-positioned' to wait out uncertainty on tariffs' effectsEarly signs of tariff-driven inflation in some data, not in othersFinancial markets resilient, but liquidity responsive to tariff newsBy Ann Saphir and Michael S. DerbyJune 20 (Reuters) - The Federal Reserve's latest Mo...Reuters
Fri, Jun 20
Still early to assess tariff impact on economy, Fed report says
June 20 (Reuters) - The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President Donald Trump's tariffs have likely only begun to be felt and repeated the cen...Reuters
Fri, Jun 20
US leading indicators slip in May, triggering recession signal, Conference Board says
June 20 (Reuters) - A measure of future U.S. economic activity fell in May for the sixth straight month and triggered a recession signal, held down by consumer pessimism, weak new orders for manufactured goods, an uptick in jobless benefits claims and a drop in building permit applications.The Confe...Reuters
Fri, Jun 20
TREASURIES-US yields rise as stocks rally, Trump considers Iran response
Improving risk appetite reduces demand for TreasuriesTrump to decide on Iran response in next two weeksFed's Waller says bank should consider cutting ratesBy Karen Brettell June 20 (Reuters) - Longer-dated U.S. Treasury yields rose on Friday as stock markets rallied, reducing safe-haven deman...Reuters
Fri, Jun 20
Fed's Waller: Rate cuts should be considered by July given inflation data - CNBC
Fed's Waller is open to cutting rates in JulyInflation due to tariffs likely to be one-time hit, Waller says Fed's Waller says best to get ahead of labor market weakness WASHINGTON, June 20 (Reuters) - The Federal Reserve should consider cutting interest rates at its next meeting given re...Reuters
Fri, Jun 20
Canada's retail sales up in April, likely to post big drop in May
Retail sales in April grew by 0.3% led by motor vehicles, partsAdvanced estimate show sales likely to contract by 1.1% in MayAnalysts had estimated April sales to increase by 0.5% By Promit MukherjeeOTTAWA, June 20 (Reuters) - Canada's retail sales were up in April on a monthly basis but were be...Reuters
Fri, Jun 20
Iranian foreign minister arrives for talks with European counterparts
GENEVA, June 20 (Reuters) - Iranian Foreign Minister Abbas Araqchi has arrived at the Geneva venue where he is due to hold talks with European counterparts about his country's nuclear and missile programmes on Friday.Reuters
Fri, Jun 20
FACTBOX-Major brokerages retain rate cut expectations after Fed keeps rates steady
June 20 (Reuters) - Most Wall Street brokerages reaffirmed their rate cut forecasts after the U.S. Federal Reserve kept its policy rate unchanged this week.The U.S. central bank held interest rates steady as expected and maintained its projection for two cuts this year, though a growing minority see...Reuters
Fri, Jun 20
Mid-Atlantic manufacturing contracts again, employment drops, Philly Fed says
June 20 (Reuters) - A gauge of manufacturing activity in the U.S. Mid-Atlantic region contracted for a third straight month in June, and factory employment fell by the most since the early months of the COVID-19 pandemic five years ago in a sign that President Donald Trump's tariffs are starting...Reuters
Fri, Jun 20
Fed's Waller: Rate cuts should be considered by July given inflation data - CNBC
WASHINGTON, June 20 (Reuters) - The Federal Reserve should consider cutting interest rates at its next meeting given recent tame inflation data and the fact that any price shock from import tariffs will be short lived, Fed governor Chris Waller said on Friday."Any tariff inflation ... I don'...Reuters
Fri, Jun 20
