News
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CORRECTED-TREASURIES-Two-year yields heading for largest monthly drop in a year
Two-year yields heading for largest monthly drop in a yearPCE data matches economists expectations for JulyPosition squaring, month end push yields higher on FridayBy Karen Brettell Aug 29 (Reuters) - U.S. Treasury yields rose on Friday though interest rate-sensitive two-year yields were on track...Reuters
Fri, Aug 29
Fed hawks and doves: what US central bankers are saying
By Ann Saphir Aug 29 (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 its 2% target. President Donald Trump, who has for months tried unsuccessfully to pressure the U.S. central bank...Reuters
Fri, Aug 29
WRAPUP 2-US consumer spending strong; core inflation warmer on services
Consumer spending increases 0.5% in JulyCore PCE price index rises 0.3%; up 2.9% year-on-yearGoods trade deficit widens 22.1% to $103.6 billionBy Lucia Mutikani WASHINGTON, Aug 29 (Reuters) - U.S. consumer spending increased by the most in four months in July while services inflation picked up, b...Reuters
Fri, Aug 29
Fed's balance sheet drawdown enters new stage as reverse repos largely drained
Fed's reverse repo usage nears zero, signaling liquidity shiftQT continues, reducing Fed's balance sheet from $9 trillion to $6.7 trillionFed's SRF untested in high demand, raising concerns among market watchersBy Michael S. Derby NEW YORK, Aug 29 (Reuters) - The Federal Reserve’s ef...Reuters
Fri, Aug 29
Long-dated euro zone yields set for biggest monthly jump since March
LONDON, Aug 29 (Reuters) - Euro zone bond yields nudged up on Friday, and 30-year bond yields were set for their biggest monthly jump in five months, as long-dated debt remained under pressure across developed economies.Long-dated bonds have repeatedly taken a hit this year as investors remain conce...Reuters
Fri, Aug 29
India's economy unexpectedly picks up steam, but Trump's tariff effect looms
India's April-June GDP up 7.8% y/y vs 7.4% prior quarterGrowth driven by manufacturing, government spending, servicesEconomists warn U.S. tariff hikes to weigh on growth Say prolonged tariffs may cut growth 0.6-0.8 percentage points By Manoj Kumar and Nikunj Ohri NEW DELHI, Aug 29 (Reuters) -...Reuters
Fri, Aug 29
Fed Governor Cook's mortgages: What's known and what's not
Aug 29 (Reuters) - U.S. President Donald Trump says he is removing Federal Reserve Governor Lisa Cook for "cause," citing what he said were "false statements" on two mortgages she took out in 2021, about a year before the Senate confirmed her appointment to the Fed.The thrust of Trum...Reuters
Fri, Aug 29
Canada's second-quarter GDP contracts, rate cut bets increase
Second-quarter annualized GDP contracts by 1.6%, StatsCan saidAnalysts had forecast 0.6% second-quarter drop, growth of 0.1% in June GDP pulled down by big drop in exports, business investmentsHousehold and government spending hold up, helping the economy By Promit MukherjeeOTTAWA, Aug 29 (Reuters)...Reuters
Fri, Aug 29
German inflation rises more than expected in August
German inflation exceeds expectations in AugustEuro zone inflation due for release next TuesdayECB unlikely to change policy rate, says economist FiedlerCore inflation remains at 2.7%, above ECB targetBy Maria Martinez BERLIN, Aug 29 (Reuters) - German inflation accelerated more than expected in ...Reuters
Fri, Aug 29
INSTANT VIEW-US core PCE firms slightly but matches expectations
By Chuck Mikolajczak NEW YORK, Aug 29 (Reuters) - The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index (PCE) rose 0.2% in July, versus the unrevised 0.3% rise in June and matched the estimate of economists polled by Reuters. In the 12 months through July, ...Reuters
Fri, Aug 29
CORRECTED-Chile's jobless rate hits 8.7% in quarter through July
SANTIAGO, Aug 29 (Reuters) - Chile's unemployment rate CLUNR=ECI hit 8.7% in the quarter through July, government statistics agency INE said on Friday, down from 8.9% in the previous rolling quarter and slightly below the 9.1% expected by economists in a Reuters poll.Reuters
Fri, Aug 29
Traders nudge up bets on Fed rate cuts after inflation data
Aug 29 (Reuters) - Traders of short-term U.S. interest rate futures added slightly to bets the Federal Reserve will start a series of gradual rate cuts next month, after government data showed inflation by the Fed's preferred measure rose 2.6% in July from a year ago.Fed Chair Jerome Powell said...Reuters
Fri, Aug 29
INSTANT VIEW-Canada's economy shrinks by more than expected in second quarter
TORONTO, Aug 28 (Reuters) - Canada's economy contracted in the second quarter by a much larger degree than anticipated on an annualized basis as U.S. tariffs squeezed exports, but higher household and government spending cushioned some of the impact, data showed on Friday.Market reaction: CAD/LI...Reuters
Fri, Aug 29
