News
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CORRECTED-TREASURIES-Yields slip after PPI, long bond in tight range pre-auction
By Alden BentleyNEW YORK, Sept 10 (Reuters) - Key Treasury yields eased back after news of a surprising drop in August producer prices strengthened the argument for an interest rate cut next week, but the T-bond yield wavered as investors prepared for Thursday's widely anticipated auction.The La...Reuters
Wed, Sep 10
Labor Department inspector general reviewing challenges to BLS economic data collection
WASHINGTON, Sept 10 (Reuters) - The office of the Labor Department's inspector general said on Wednesday it was initiating a review of challenges the Bureau of Labor Statistics (BLS) faces in collecting and reporting U.S. economic data following recent large downward revisions to nonfarm pay...Reuters
Wed, Sep 10
US oil stockpiles rise as crude exports fall and fuel demand slips, EIA says
Crude inventories post surprise build of 3.9 million barrelsCrude exports fall 1.1 million bpd, imports rise by 668,000 bpdGasoline and distillate stocks rise amid weaker demandBy Liz Hampton and Georgina McCartneyDENVER, Sept 10 (Reuters) - U.S. crude and fuel inventories rose last week amid a decl...Reuters
Wed, Sep 10
US data center build hits record as AI demand surges, Bank of America Institute says
Sept 10 (Reuters) - Construction spending on U.S. data centers reached an all-time high of $40 billion at a seasonally adjusted annual rate in June, as technology giants continue pouring billions into AI infrastructure, according to a Bank of America Institute report.BY THE NUMBERS The June figure r...Reuters
Wed, Sep 10
United States FX Today: The US Dollar hinges on CPI inflation data
The US Dollar (USD) is moving cautiously on Wednesday, down slightly on the day according to the US Dollar Index (DXY), as markets hold their breath ahead of the eagerly awaited publication of the August Consumer Price Index (CPI) in the United States (US).Fxstreet
Wed, Sep 10
Inspector general reviewing challenges to Bureau of Labor Statistics economic data
WASHINGTON, Sept 10 (Reuters) - The Labor Department's inspector general is initiating a review of challenges to the Bureau of Labor Statistics collection and reporting of U.S. economic data, according to a letter from the office of the inspector general.Reuters
Wed, Sep 10
European bond yields ease ahead of ECB meeting, after US producer prices
By Joice Alves LONDON, Sept 10 (Reuters) - Euro zone government bond yields eased on Wednesday, a day before a European Central Bank meeting and after data showed U.S. producer prices unexpectedly fell in August. Investors, expecting the ECB to keep its rate unchanged at 2% on Thursday, are focu...Reuters
Wed, Sep 10
US crude stocks, gasoline and distillate inventories rise - EIA
U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.9 million barrels to 424.6 million barrels in the week ended September 5, the EIA said, compared with analysts' expectations in a Reuters pol...Reuters
Wed, Sep 10
Brazil prices fall for the first time in a year in August
SAO PAULO, Sept 10 (Reuters) - Brazil's inflation came in negative in August for the first time in a year, but the fall in consumer prices was smaller than markets had expected, data from statistics agency IBGE showed on Wednesday.Consumer prices in Latin America's largest economy dropped 0....Reuters
Wed, Sep 10
US wholesale inventories revised lower in July
WASHINGTON, Sept 10 (Reuters) - U.S. wholesale inventories increased a bit less than initially thought in July, suggesting businesses were not rushing to rebuild inventory after stocks were depleted in the second quarter.Stocks at wholesalers edged up 0.1%, instead of rising 0.2% as estimated last m...Reuters
Wed, Sep 10
German cabinet agrees draft law to boost startups
Young companies drive investment, growth and jobs, minister saysTax framework for venture capital and IPOs to be revisedCabinet also passes commuter allowance, VAT cut for restaurants By Maria Martinez and Christian Kraemer BERLIN, Sept 10 (Reuters) - Germany's cabinet on Wednesday agreed a d...Reuters
Wed, Sep 10
Tariff Impact Fading? U.S. PPI Unexpectedly Turns Negative, Treasury Prices Jump
TradingKey - After a series of data—including ADP and nonfarm payrolls—supported the Federal Reserve’s likely rate cut next week, another piece of evidence has emerged: U.S. inflation is cooling faster than expected. The August Producer Price Index (PPI) unexpectedly turned negative month-over-monthTradingKey
Wed, Sep 10
CORRECTED-Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank back ...Reuters
Wed, Sep 10
US producer prices slip in August on cheaper services
WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August, pulled down by a decline in the costs of services. The Producer Price Index for final demand dipped 0.1% after a downwardly revised 0.7% jump in July, the Labor Department's Bureau of Labor Statistics said o...Reuters
Wed, Sep 10
