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Fed's Paulson warns commodity price gain may hit price expectations
NEW YORK, March 27 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said Friday that it's possible surging energy prices will hit inflation data faster right now.Given that the jump in energy prices is coming on the back of already high inflation, “I think there's a li...Reuters
Fri, Mar 27
Norway to reach target of 3.5% of GDP on defence with new spending boost
Norway to raise defence spending by another $12 billion by 2036 Norway's defence spending to reach 3.5% of GDP by 2035Vast procurement including submarines, frigates, and artilleryBy Gwladys Fouche OSLO, March 27 (Reuters) - Norway is to raise defence spending by another 115 billion crowns ($...Reuters
Fri, Mar 27
Fed's Paulson says Iran war increases risks to growth, inflation
By Michael S. Derby NEW YORK, March 27 (Reuters) - Philadelphia Federal Reserve President Anna Paulson said on Friday the Iran war is creating challenges for the U.S. economy, while stopping short of saying what that might mean for near-term changes in monetary policy."The conflict in the Mid...Reuters
Fri, Mar 27
TREASURIES-Yields rise as Iran war uncertainty keeps energy prices high
By Matt Tracy WASHINGTON, March 27 - U.S. Treasury yields rose on Friday as uncertainty persisted around the Iran war and elevated energy prices.The yield on 10-year Treasury notes US10YT=RR ticked up and were last up 3 basis points at 4.446%. They had earlier reached as high as 4.482%, their hig...Reuters
Fri, Mar 27
Fed's Barkin says 'fog' again obscuring economic outlook
By Howard Schneider WASHINGTON, March 27 (Reuters) - The U.S. war with Iran and the rapid roll-out of artificial intelligence technologies have again clouded the outlook for the Federal Reserve, and make it appropriate to keep interest rates on hold for now, Richmond Fed President Thomas Barkin s...Reuters
Fri, Mar 27
US consumer sentiment slips to a three-month low in March
WASHINGTON, March 27 (Reuters) - U.S. consumer sentiment eased to a three-month low in March as war in the Middle East boosted oil prices and unleashed volatility on financial markets, raising concerns about the economy's prospects, a survey showed on Friday. The University of Michigan's ...Reuters
Fri, Mar 27
Iran war could mean stagflation for EU, Dombrovskis says
By Jan StrupczewskiBRUSSELS, March 27 (Reuters) - The European Union economy is at risk of stagflation as a result of the surge in energy prices caused by the Iran war, European Economic Commissioner Valdis Dombrovskis said."The outlook is clouded by profound uncertainty, but it is clear that we...Reuters
Fri, Mar 27
Euro area: War-driven energy shock reshapes ECB path – Commerzbank
Commerzbank’s Dr. Vincent Stamer updates Euro area inflation projections incorporating the Iran War and associated energy shock. The bank expects higher Oil and natural gas prices to push headline inflation above 3% in 2026 before easing back to the ECB’s 2% target by 2027.Fxstreet
Fri, Mar 27
Iran war could mean stagflation for EU, Dombrovskis says
BRUSSELS, March 27 (Reuters) - The European Union economy is at risk of stagflation as a result of the surge in energy prices caused by the U.S.-Israeli war on Iran, European Economic Commissioner Valdis Dombrovskis said."The outlook is clouded by profound uncertainty, but it is clear that we ar...Reuters
Fri, Mar 27
FACTBOX-Major brokerages expect ECB rate hikes, delayed BoE cuts as inflation risks rise
March 27 (Reuters) - Global brokerages are increasingly betting the European Central Bank could raise rates as early as April, while pushing back rate-cut expectations for the Bank of England, after policymakers warned the U.S.-Israeli war on Iran is stoking inflation risks.Wall Street giants such a...Reuters
Fri, Mar 27
EXCLUSIVE-Trump's Iran war pushes India to rekindle old friendship with Russia
India and Russia discuss resuming LNG trade amid Gulf supply disruptions, sources sayNew Delhi has approached Washington for potential sanctions waiverIndia's Russian crude imports could also soon double to 40% of its total supplyU.S. had spent years pressuring India to curtail Russian energy pu...Reuters
Fri, Mar 27
