News
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Fed Chair Powell to speak Aug 22 amid speculation on rate cuts, replacement
Aug 14 (Reuters) - Federal Reserve Chair Jerome Powell will give a speech on the economic outlook and the Fed's review of its policy framework next Friday at the Kansas City Fed's annual central banking conference in Jackson Hole, Wyoming, the Fed said on Thursday. Powell's speech comes ...Reuters
Thu, Aug 14
Fed's Barkin says he could see upward surprise on spending data
WASHINGTON, Aug 14 (Reuters) - A still-low unemployment rate and continued wage gains could keep household spending healthier than expected, even as lower- and even middle-income families shop more aggressively to avoid rising prices, Richmond Federal Reserve Bank President Tom Barkin said on Thursd...Reuters
Thu, Aug 14
TREASURIES-US yields rise on higher-than-expected producer price inflation
Producer prices rose more than anticipated in JulyFed seen likely to cut rates by 25 basis points in SeptemberNew jobless claims fell last weekBy Karen Brettell Aug 14 (Reuters) - U.S. Treasury yields rose on Thursday after data showed that producer prices increased more than expected in July, re...Reuters
Thu, Aug 14
Fed's Barkin warns that companies are still adapting supply chains for tariffs
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin noted on Thursday that despite an overall improvement in business sentiment through the midpoint of the year, many firms are still not ready to resume a strong pace of hiring.Fxstreet
Thu, Aug 14
EXCLUSIVE-Canada's statistics agency publishes data early, then takes it down
By Promit Mukherjee OTTAWA, Aug 14 (Reuters) - Statistics Canada posted market-sensitive information about June manufacturing data on its website ahead of the scheduled release date on Friday, the agency's website showed on Thursday.When Reuters asked why the data was visible, the agency took...Reuters
Thu, Aug 14
WRAPUP 2-US producer inflation heats up as goods, services prices soar
Producer price index jumps 0.9% in JulyBig increase in both services and goods pricesBLS ends calculation of 350 indexes due to underfundingEconomists expect tariffs to drive up inflation soonWeekly jobless claims fall 3,000 to 224,000By Lucia Mutikani WASHINGTON, Aug 14 (Reuters) - U.S. producer...Reuters
Thu, Aug 14
Fed hawks and doves: what US central bankers are saying
By Ann Saphir Aug 14 (Reuters) - The Federal Reserve left its policy rate in the 4.25%-4.50% range at its July 29-30 meeting to keep downward pressure on inflation, which remains above target. President Donald Trump, who has for months tried unsuccessfully to pressure the Fed into cutting rates, ...Reuters
Thu, Aug 14
Fed expected to stick with regular-sized rate cut after hot inflation data
Producer prices jump, dimming hopes for 50-basis-point Fed rate cutMarkets now expect only a quarter-percentage-point cutTreasury yields climb after dataBy Ann Saphir and Davide Barbuscia Aug 14 (Reuters) - A jump in U.S. wholesale prices last month looks to have all but erased the possibility th...Reuters
Thu, Aug 14
BREAKINGVIEWS-Surging wholesale prices mock lust for lower rates
By Gabriel Rubin WASHINGTON, Aug 14 (Reuters Breakingviews) - The wait for signs of trade-war trouble ended with a bang. U.S. producer prices, a step before what consumers pay, increased 0.9% in July from the previous month, far outpacing what economists expected. It’s a substantial and surprisin...Reuters
Thu, Aug 14
Euro zone government bond yields rise after US data
By Samuel Indyk LONDON, Aug 14 (Reuters) - Euro zone government bond yields rose on Friday, driven by strong U.S. economic data after dropping earlier in the session on dovish remarks from Treasury Secretary Scott Bessent. U.S. producer prices increased more than expected in July, sugges...Reuters
Thu, Aug 14
Trump's debanking order could create headaches for banks, sources say
Order requires banks to avoid discrimination based on beliefsBanks looking to see how onerous the rules could beQuestions will only be clarified when regulators publish rulesBy Nupur Anand, Pete Schroeder and Saeed Azhar NEW YORK, Aug 14 (Reuters) - U.S. President Donald Trump's executive ord...Reuters
Thu, Aug 14
Reuters Econ World: A summer mirage?
By Balazs KoranyiAug 14 (Reuters) - What a tranquil week it has been for the world economy!Or so it seems. Except, nothing is as good as it looks.The U.S. and China extended a tariff truce, and U.S. President Donald Trump is meeting Vladimir Putin, his Russian counterpart, to discuss peace in Ukrain...Reuters
Thu, Aug 14
St. Louis Fed's Musalem says outsized cut not supported by state of the economy - CNBC
WASHINGTON, Aug 14 (Reuters) - A half-point rate cut at the Fed's September meeting is not warranted by the current state of the economy, with the country near full employment, inflation running above the Fed's 2% target, and businesses still in the early stage of adapting to higher import t...Reuters
Thu, Aug 14
TREASURIES-US yields rise on higher-than-expected producer price inflation
Producer prices rose more than anticipated in JulyFed seen likely to cut rates by 25 basis points in SeptemberNew jobless claims fell last weekBy Karen Brettell Aug 14 (Reuters) - U.S. Treasury yields rose on Thursday after data showed that producer prices increased more than expected in July, re...Reuters
Thu, Aug 14
US producer prices accelerate in July as costs of services and goods surge
BLS ends calculation of 350 indexes due to underfundingEconomists expect tariffs to drive up inflation soon WASHINGTON, Aug 14 (Reuters) - U.S. producer prices increased more than expected in July amid a surge in the costs of services and goods, suggesting a broader pickup in inflation in the monReuters
Thu, Aug 14
