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EU pushes to secure lower U.S. car tariff from Aug 1
US to levy 15% tariff on most EU productsUS to lower car tariffs once EU introduces legislation to cut tariffs on US goodsEU will seek to secure retroactive car tariff reductionTariff relief could come in weeks, US official saysBy Andrea Shalal and David Lawder WASHINGTON/BRUSSELS, Aug 21 (Reuter...Reuters
Thu, Aug 21
Walmart results show consumer resilience; shares down after recent rally
Strong demand across income levels boosts Walmart's revenueWalmart's e-commerce sales jump 25%, aiding overall growthSecond-quarter profit below expectations, first miss in 3 yearsCEO warns tariff costs increasing as inventory replenishedWalmart stock fallsBy Savyata Mishra and Siddharth Ca...Reuters
Thu, Aug 21
US DOJ to probe Fed's Cook, urging removal, Bloomberg News reports
Aug 21 (Reuters) - The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board, Bloomberg News reported on Thursday.Reuters could not immediately v...Reuters
Thu, Aug 21
Bank of Mexico to consider further cuts to benchmark rate
MEXICO CITY, Aug 21 (Reuters) - The Bank of Mexico said on Thursday it would consider additional cuts to its benchmark rate, despite some concerns over core inflation, according to minutes of the central bank's meeting released on Thursday. Earlier this month, the central bank lowered the intere...Reuters
Thu, Aug 21
Fed's Hammack: Current data does not call for rate cut - Yahoo Finance
By Michael S. DerbyNEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Thursday that based on where the economy is right now, ongoing issues with inflation mean it’s not the time to cut the central bank’s interest rate target.“I walk into every meeting with an ...Reuters
Thu, Aug 21
EU: What’s required for capital markets union? – Standard Chartered
The lack of integrated capital markets in the EU is holding back innovation and productivity growth. Despite a renewed push by the European Commission, significant operational barriers to CMU persist. Factors such as incomplete banking union and political disagreements create further headwinds.Fxstreet
Thu, Aug 21
Fed’s Hammack: Unclear if tariffs will ultimately be one-time impact
Beth Hammack, the President of the Federal Reserve Bank of Cleveland, struck a hawkish tone in remarks on Thursday, stressing the need to keep inflation in check. She warned that tariff impacts are only beginning to show in the economy and may intensify next year.Fxstreet
Thu, Aug 21
European bond yields higher on strong euro zone PMIs, Jackson Hole looms
Euro zone bond yields rise after strong PMIsMarkets awaiting Fed Chair Powell's speech at Jackson HoleFutures imply 80% chance of Fed rate cut next monthBy Lucy Raitano LONDON, Aug 21 (Reuters) - Euro zone bond yields inched higher on Thursday as markets digested better than expected euro zon...Reuters
Thu, Aug 21
Fed's Schmid says trade factors could push up inflation into year's end
NEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Kansas City President Jeffrey Schmid said Thursday higher import taxes are raising the risk of inflation into the end of the year.When it comes to the impact of tariffs on prices, Schmid said on Yahoo Finance that among companies “there is maybe a...Reuters
Thu, Aug 21
TREASURIES-US yields inch higher as Fed's Jackson Hole meeting gets underway
By Matt Tracy WASHINGTON, Aug 21 (Reuters) - Yields on U.S. Treasuries inched higher on Thursday following a high weekly jobless claims print and ahead of widely anticipated remarks by Federal Reserve Chair Fed Powell on Friday.The yield on the benchmark U.S. 10-year note US10YT=RR ticked up 1.8 ...Reuters
Thu, Aug 21
US existing home sales tick up unexpectedly in July
By Dan BurnsAug 21 (Reuters) - Sales of previously owned U.S. homes ticked unexpectedly higher in July, but the pace of sales remains sluggish amid affordability issues for buyers thanks to high house prices and interest rates on mortgages.Home sales rose 2.0% last month to a seasonally adjusted ann...Reuters
Thu, Aug 21
US business activity picks up in August, factories lead the way, survey says
Aug 21 (Reuters) - U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday.S&P Global's flash U.S. Composite PMI Output Index, which tracks the manufacturing...Reuters
Thu, Aug 21
US business activity picks up in August, factories lead the way - survey
Aug 21 (Reuters) - U.S. business activity picked up pace in August, led by a resurgent manufacturing sector that saw the strongest growth in orders in 18 months, a purchasing managers survey showed on Thursday.S&P Global's flash U.S. Composite PMI Output Index, which tracks the manufacturing...Reuters
Thu, Aug 21
