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Australia’s Gross Domestic Product expected to show modest Q1 growth
The Australian Gross Domestic Product (GDP) will be released on Wednesday, with mixed expectations ahead of the announcement. The first quarter (Q1) figures from the Australian Bureau of Statistics (ABS) are expected to show that the economy made modest progress in the three months to March 2025.
Fxstreet
Tue, Jun 3
US auto sales rate plunges in May after pre-tariff rush fades
June 3 (Reuters) - The U.S. light vehicle sales rate slumped in May by the most in about five years following a rush by auto shoppers during the previous two months to beat anticipated price hikes stoked by President Donald Trump's tariffs on imported automobiles.Wards Intelligence on Tuesday re...Reuters
Tue, Jun 3
U.S. Light Vehicle Total Sales 1.5 Million In May
June 3 (Reuters) - U.S. LIGHT VEHICLE TOTAL SALES 1.5 MILLION IN MAY - WARDS INTELLIGENCEU.S. LIGHT VEHICLE SAAR 15.65 MILLION IN MAY - WARDS INTELLIGENCE:U.S. LIGHT VEHICLE SAAR 15.65 MILLION IN MAY - WARDS INTELLIGENCESource text: [ID:]Further company coverage: [ ]Reuters
Tue, Jun 3
Fed's Logan signals support for ending flexible average inflation targeting
June 3 (Reuters) - Dallas Federal Reserve Bank President Lorie Logan on Tuesday signaled she'd like to return to a monetary policy framework that aims for 2% inflation without trying to make up for past shortfalls, and that responds to the labor market not just when it is weakening but also when...Reuters
Tue, Jun 3
WRAPUP 1-Fed officials beat the policy patience drum as tariff uncertainty persists
Fed officials cautious on rate policy outlook amid trade uncertaintyAtlanta Fed's Bostic says rate cut still possible this yearFed's Cook says it's key to keep inflation expectations checked By Michael S. Derby NEW YORK, June 3 (Reuters) - Federal Reserve officials on Tuesday argued a...Reuters
Tue, Jun 3
TREASURIES-Longer-dated US yields slip after data as trade talks eyed
Investors await updates on tariff talks and budget negotiationsLabor market data shows job openings rise, but layoffs also increaseFed officials indicate patient approach, possible rate cuts this yearBy Chuck Mikolajczak NEW YORK, June 3 (Reuters) - Longer-dated U.S. Treasury yields dipped on Tue...Reuters
Tue, Jun 3
Fed's discount rate meeting minutes: Businesses are preparing staff reductions if costs rise
The Federal Reserve's (Fed) discount rate meeting minutes from April 7, 28, and May 8 revealed that policymakers are increasingly uneasy about looming economic impacts, mostly from US trade policy.Fxstreet
Tue, Jun 3
WRAPUP 2-US labor market easing in the face of tariff uncertainty
Job openings increase 191,000 to 7.391 millionLayoffs jump 196,000, biggest rise in nine monthsHiring rises 169,000; quits decline 150,000By Lucia Mutikani WASHINGTON, June 3 (Reuters) - U.S. job openings increased in April, but layoffs posted their biggest rise in nine months, suggesting that la...Reuters
Tue, Jun 3
Fed's Goolsbee says tariffs could boost inflation quickly, take longer to slow economy
June 3 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Tuesday said higher inflation from U.S. import tariffs could become evident quickly, but he said it would take longer to see a tariff-induced economic slowdown. With business CEOs signaling they plan to pass on to consumers some...Reuters
Tue, Jun 3
Fed's Cook said open to all interest rate scenarios
NEW YORK, June 3 (Reuters) - Federal Reserve Governor Lisa Cook said Tuesday that it’s not possible to rule out a rate hike as part of the monetary policy outlook. “We have to be open to all possibilities” when it comes to monetary policy, Cook said in comments before an appearance at the Council on...Reuters
Tue, Jun 3
Fed's Goolsbee: We could see a direct tariff effect on prices within a month
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee fell in step with the Fed policymaker crowd on Tuesday, admitting that while things look good right now, policy uncertainty remains elevated at the hands of President Trump's whiplash tariff policies, and the Fed is beginning to brace fFxstreet
Tue, Jun 3
Fed's Goolsbee: Tariffs could impact inflation quickly, take longer to see economy slow
June 3 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said higher inflation from tariffs could become evident quickly, but he said it would take longer to see a tariff-induced economic slowdown. With business CEOs signaling they plan to pass on to consumers some if not...Reuters
Tue, Jun 3
Fed's Cook: Tariffs could lead to stagflation environment
Federal Reserve (Fed) Board of Governors member Lisa D. Cook noted on Tuesday that although the US economy appears to be in a healthy place for the time being, the biggest economic threat to stability remains the Trump administration's trade policies.Fxstreet
Tue, Jun 3
Fed's Cook sees evidence of trade policy weighing on economy
Fed's Cook notes trade policy starting to slow parts of economyShe says monetary policy is well positioned for outlookCook says it is critical to temper long-term inflation expectationsBy Michael S. DerbyNEW YORK, June 3 (Reuters) - Federal Reserve Governor Lisa Cook said on Tuesday that U.S. mo...Reuters
Tue, Jun 3
Ford, Hyundai post higher US sales in May on strong SUV, truck demand
By Nathan Gomes and Kalea Hall June 3 (Reuters) - U.S. auto sales for Ford Motor F.N and South Korea's Hyundai Motor 005380.KS rose in May, the companies reported on Tuesday, as concerns over potential tariff-related price hikes prompted buyers to act fast on their purchases of cars and SUVs....Reuters
Tue, Jun 3
Tesla's new car sales in Italy fell 20% in May
MILAN, June 3 (Reuters) - Tesla's TSLA.O new car registrations were down by 20% in Italy in May, year-on-year data from the transport ministry showed on Tuesday, as vehicle sales for the U.S. EV maker fell sharply across several European markets last month.In Italy, Tesla sold 855 vehicles in Ma...Reuters
Tue, Jun 3
NY Fed flags $1.06 trillion unrealized loss on bond holdings in 2024
By Michael S. DerbyNEW YORK, June 3 - The Federal Reserve saw $1 trillion in unrealized losses on its holdings last year, according to a report released Tuesday by the Federal Reserve Bank of New York.The bank said in its annual report for the System Open Market Account, the Fed's massive holdin...Reuters
Tue, Jun 3
Euro zone long-dated yields fall, inflation below ECB target
Japanese auction lifts sentimentMay EZ inflation comes in coolMarkets look ahead to Thursday's ECB meetingBy Lucy Raitano LONDON, June 3 (Reuters) - Long-dated euro zone government bond yields fell on Tuesday, as slowing euro zone inflation buoyed expectations for a European Central Bank rate...Reuters
Tue, Jun 3
TREASURIES-US yields slightly lower after data as trade talks eyed
Investors await updates on tariff talks and budget negotiationsLabor market data shows job openings rise, but layoffs also increaseFed officials indicate patient approach, possible rate cuts this yearBy Chuck Mikolajczak NEW YORK, June 3 (Reuters) - Longer-dated U.S. Treasury yields were mostly l...Reuters
Tue, Jun 3
