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Fed policymakers meet as new data raises growth concerns, geopolitical risks rise
US retail sales, industrial production fall in MayNew Middle East tensions add to uncertaintyOutcome of tariff shock remains unclearBy Howard Schneider WASHINGTON, June 17 (Reuters) - Federal Reserve officials met on Tuesday armed with new economic data that could give more weight to their co...Reuters
Tue, Jun 17
ECB’s Villeroy: Should incorporate Euro appreciation into our policy decision
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that they are in a good position on interest rate policy but noted that there is now more uncertainty following the Iran-Israel conflict.
Fxstreet
Tue, Jun 17
US Transportation chief wants civil aviation to return to zero tariffs
By Joe Brock and David Shepardson PARIS/WASHINGTON, June 17 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Tuesday that he wanted civil aviation to return to a 1979 zero-tariff trade agreement but noted it is part of broader trade talks.Speaking at the Paris Airshow, Duffy said the ...Reuters
Tue, Jun 17
TREASURIES-Longer-dated US yields dip, Fed's rate outlook in focus
Fed will update economic and interest rate projections on WednesdayConsumer spending declined in MayTreasury to sell $23 billion in 5-year TIPS By Karen Brettell June 17 (Reuters) - U.S. Treasury yields fell on Tuesday, a day before the Federal Reserve is due to update its economic and interest r...Reuters
Tue, Jun 17
US business inventories unchanged in April
WASHINGTON, June 17 (Reuters) - U.S. business inventories were unchanged in April amid a decline in stocks at manufacturers, suggesting inventories could be a drag on gross domestic product in the second quarter.The unchanged inventories reading followed a 0.1% gain in March, the Commerce Department...Reuters
Tue, Jun 17
US manufacturing output barely rises in May
WASHINGTON, June 17 (Reuters) - U.S. factory production barely rose in May as a surge in motor vehicle and aircraft output was partially offset by weakness elsewhere, and the outlook for manufacturing remains clouded by tariffs.Manufacturing output edged up 0.1% last month after a downwardly revised...Reuters
Tue, Jun 17
US homebuilder sentiment skids to 2-1/2-year low, NAHB says
June 17 (Reuters) - A gauge of U.S. homebuilder sentiment slid unexpectedly to its lowest level in two and a half years in June, with more than a third of residential construction firms cutting prices to lure buyers sidelined by high mortgage rates and economic uncertainty due to President Donald Tr...Reuters
Tue, Jun 17
US Industrial Production contracts 0.2% in May vs. 0.1% expected
Industrial Production in the United States (US) contracted by 0.2% on a monthly basis in May, the data published by the Federal Reserve showed on Tuesday. This reading followed the 0.1% growth recorded in April and came in worse than the market expectation for an expansion of 0.1%.Fxstreet
Tue, Jun 17
REFILE-TABLE-US May import and export prices data
June 17 (Reuters) - U.S. Labor Department report of U.S. import and export price changes by percent (unadjusted). MayAprMay'25/24ALL IMPORTS0.00.10.2Petroleum-3.7-2.5-17.4Nonpetroleum0.20.41.8Food, Feed, Drink-0.3-0.16.9Industrial Supplies-0.6-0.7-2.6Capital Goods0.20.71.1Motor Vehicle...Reuters
Tue, Jun 17
US import prices unchanged in May
WASHINGTON, June 17 (Reuters) - U.S. import prices were unchanged in May amid lower costs for energy products, but a weak dollar lifted prices elsewhere, which could eventually lead to higher domestic inflation.The unchanged reading in import prices last month followed an unrevised 0.1% gain in Apri...Reuters
Tue, Jun 17
Traders stick bets Fed will wait until September to cut rates
June 17 (Reuters) - Futures contracts that settle to the Federal Reserve's policy rate on Tuesday stuck to bets the U.S. central bank will wait until September to resume interest rate cuts, after the Commerce Department reported retail sales fell more than expected last month.Traders see only ab...Reuters
Tue, Jun 17
US retail sales fall sharply in May
WASHINGTON, June 17 (Reuters) - U.S. retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariffs-related price hikes ebbed, but consumer spending remained supported by solid wage growth. Retail sales fell 0.9% last m...Reuters
Tue, Jun 17
US Retail Sales decline by 0.9% in May vs -0.7% expected
Retail Sales in the United States (US) declined by 0.9% in May to $715.4 billion, the US Census Bureau announced on Tuesday. This reading followed the 1.5% decrease (revised from +0.1%) recorded in April and came in worse than the market expectation for a contraction of 0.7%.Fxstreet
Tue, Jun 17
