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Fed's Waller: Time has come to move US interest rates lower — Reuters
Federal Reserve (Fed) Governor Christopher Waller said that he would support an interest-rate cut in the September meeting and further reductions over the next three to six months to prevent the labor market from collapsing, Reuters reported late Thursday.Fxstreet
Thu, Aug 28
Fed's Waller sees rate cuts over next 3-6 months, starting in September
Waller supports 25 bps cut at September meetingAnticipates additional rate cuts over next 3-6 monthsSees labor market weakening, inflation stableBy Ann Saphir Aug 28 (Reuters) - Federal Reserve Governor Christopher Waller on Thursday stepped up his call for cutting short-term U.S. borrowing costs...Reuters
Thu, Aug 28
Law firm rates, revenues soar but costs pile up in AI era
New survey data shows rates, revenues and expenses all rising at big law firmsCravath seeks $205 million in Epic-Google fightLawsuits continue after Philly firm foldsBy David Thomas and Mike Scarcella Aug 28 (Reuters) - (Billable Hours is Reuters' weekly report on lawyers and money. Please se...Reuters
Thu, Aug 28
TREASURIES-Yields mixed on profit taking, rate cut expectations stay high
Fed's Cook files lawsuit to stop Trump's attempt to fire herTraders expect fed funds rate to fall close to 3% areaTreasury sees decent demand for $44 bln 7-year note auctionBy Karen Brettell NEW YORK, Aug 28 (Reuters) - U.S. Treasury yields were mixed on Thursday as some investors took pr...Reuters
Thu, Aug 28
Brazil's government deficit jumps in July, 12-month deficit misses target
BRASILIA, Aug 28 (Reuters) - Brazil's government posted a primary budget deficit of 59.124 billion reais ($10.9 billion) in July, Treasury data showed on Thursday, more than six times the deficit from the year-earlier period but close to analysts' estimates. The increase stemmed from a 28.3%...Reuters
Thu, Aug 28
WRAPUP 2-US second-quarter GDP revised higher as businesses boost investment in AI
Second-quarter GDP growth upgraded to 3.3% paceInvestment in AI, consumer spending drives upward revisionWeekly jobless claims fall 5,000 to 229,000By Lucia Mutikani WASHINGTON, Aug 28 (Reuters) - The U.S. economy grew faster than initially thought in the second quarter, in part driven by busines...Reuters
Thu, Aug 28
Brazil's central government posts $10.9 billion primary deficit in July
BRASILIA, Aug 28 (Reuters) - Brazil's central government posted a primary budget deficit of 59.124 billion reais ($10.9 billion) in July, Treasury data showed on Thursday.The 12-month deficit reached 34.1 billion reais, equivalent to 0.3% of gross domestic product, the data showed. The governmen...Reuters
Thu, Aug 28
WRAPUP 4-Canada's TD Bank, CIBC beat profit expectations on lower loan loss provisions
TD, CIBC beat profit forecasts on lower than expected loan loss provisionsDomestic banking businesses show strong growth Banks remain cautious on trade uncertainty Results wrap Canadian bank Q3 earnings By Nivedita Balu and Ateev Bhandari Aug 28 (Reuters) - Canadian lenders TD Bank TD.TO and CIBC...Reuters
Thu, Aug 28
TREASURIES-Two-year yields stay close to lows as traders prepare for rate cuts
Fed's Cook files lawsuit to stop Trump's attempt to fire herTraders expect fed funds rate to fall close to 3% areaTreasury to sell $44 bln 7-year notes on ThursdayBy Karen Brettell NEW YORK, Aug 28 (Reuters) - Interest rate-sensitive two-year yields rose on Thursday but held near an almos...Reuters
Thu, Aug 28
