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Fed's Powell says monetary policy is 'modestly restrictive'
By Michael S. DerbyJune 18 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that monetary policy still needs to impose some restraint on the economy given where inflation stands. The current level of interest rates--the Fed's target range rests between 4.25% and 4.5%--is "...Reuters
Wed, Jun 18
Fed's Powell cautions little conviction in forecasted rate outlook
By Michael S. DerbyJune 18 (Reuters) - Federal Reserve Chairman Jerome Powell cautioned on Wednesday not to place too much stock in the central bank's interest rate forecasts, which could change based on incoming data, especially on the inflation front. On a day when the Fed reiterated its expec...Reuters
Wed, Jun 18
Fed's Powell says he expects to see more tariff-driven price hikes in coming months
WASHINGTON, June 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that Fed policy makers expect inflation in goods prices to go up over the course of the summer as the impact of President Donald Trump's tariffs work their way to U.S. consumers."We've had goods inflati...Reuters
Wed, Jun 18
INSTANT VIEW-Fed holds rates steady, but slows expected pace of future cuts
By Chuck Mikolajczak NEW YORK, June 18 (Reuters) - The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming...Reuters
Wed, Jun 18
WRAPUP 3-US weekly jobless claims, housing data point to softening economic activity
Weekly jobless claims fall 5,000 to 245,000Layoffs reported in a range of industries in prior weekContinuing claims decrease 6,000 to 1.945 millionSingle-family building permits drop 2.7% in MayBy Lucia Mutikani WASHINGTON, June 18 (Reuters) - The number of Americans filing new applications for u...Reuters
Wed, Jun 18
INSTANT VIEW-Fed holds rates steady, but slows expected pace of future cuts
NEW YORK, June 18 (Reuters) - The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administ...Reuters
Wed, Jun 18
US rate futures raise odds of September easing after Fed keeps rates steady
NEW YORK, June 18 (Reuters) - Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds the Federal Reserve will resume cutting interest rates at the September meeting, with a 66% probability.That was 58% before the Fed's decision on We...Reuters
Wed, Jun 18
INSTANT VIEW-Fed holds rates steady, but slows expected pace of future cuts
NEW YORK, June 18 (Reuters) - The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administ...Reuters
Wed, Jun 18
Fed officials see two rate cuts in 2025, but overall turn hawkish
By Ann SaphirWASHINGTON, June 18 (Reuters) - U.S. central bankers are increasingly split over the appropriate path of policy, with the median of fresh forecasts published on Wednesday still pointing to a half percentage point of rate cuts by year-end, but a rising minority expecting no rate cuts at ...Reuters
Wed, Jun 18
Russia hopes Brazil can complement China in replacing Western companies
By Vladimir Soldatkin, Anastasia Lyrchikova and Alexander Marrow ST PETERSBURG, Russia, June 18 (Reuters) - Brazilian firms could plug some of the gaps in Russian markets left by the exodus of Western companies and only partially filled by Chinese firms, Russia's deputy economy minister Vladi...Reuters
Wed, Jun 18
Trump knocks Fed's Powell, muses about appointing himself to lead central bank
By Jeff Mason and Susan Heavey WASHINGTON, June 18 (Reuters) - U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the role during his last term had done a poor job.Tru...Reuters
Wed, Jun 18
US crude inventories fall by most in a year, fuel stocks build, EIA says
By Liz Hampton and Arathy SomasekharDENVER, June 18 (Reuters) - U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 11.5 million ba...Reuters
Wed, Jun 18
French economy to grow 0.6% this year, INSEE says
Quarterly growth rate to remain at 0.2% from Q2 onwardsManufacturing output flat, consumer spending offers modest supportInflation to average 1% due to lower power pricesPARIS, June 18 (Reuters) - France's economy is on course for sluggish growth through the whole of 2025 as weak manufacturing a...Reuters
Wed, Jun 18
US crude stocks fall, gasoline and distillate inventories rise - EIA
DENVER, June 18 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending June 13, the Energy Information Administration said on Wednesday.Crude inventories fell by 11.5 million barrels to 420.9 million barrels last week, the EIA said, compared with analyst...Reuters
Wed, Jun 18
TREASURIES-Yields fall on Iran conflict before Fed statement
Fed policymakers will update economic, rate projectionsConcerns about expanding Iran war boost demand for TreasuriesTreasury to release foreign Treasury holdings on WednesdayBy Karen Brettell June 18 (Reuters) - U.S. Treasury yields fell on Wednesday as concerns over the war in Iran boosted safe ...Reuters
Wed, Jun 18
US single-family housing starts rise in May; permits slump
WASHINGTON, June 18 (Reuters) - U.S. single-family homebuilding increased in May, but a sharp drop in permits for future construction pointed to subdued housing market conditions amid headwinds from tariffs and excess inventory of unsold homes. Single-family housing starts, which account for ...Reuters
Wed, Jun 18
