News
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Fed's Daly: April PCE inflation is a 'relief,' but incomplete, Fox Business
May 30 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly said on Friday cooling inflation offers "relief" for Americans suffering from high prices, but that there are risks of higher inflation ahead. "The inflation number that printed today, that's good relief for Am...Reuters
Fri, May 30
Japan says there is no easy concession on US tariffs, seeks more talks in June
By Makiko Yamazaki and Nathan LayneMay 30 (Reuters) - Japan and the U.S. on Friday agreed to hold another round of trade talks ahead of the G7 summit next month, Japan's top tariff negotiator said, stressing that no deal would be without concessions on all Washington's tariffs, including on ...Reuters
Fri, May 30
Moody's Affirmation Of Ukraine Ratings Driven By Expectation That Impact Of War With Russia Will Continue To Pose Long-Lasting Challenges To Economy
May 30 (Reuters) - MOODY'S: AFFIRMATION OF UKRAINE RATINGS DRIVEN BY EXPECTATION THAT IMPACT OF WAR WITH RUSSIA WILL CONTINUE TO POSE LONG-LASTING CHALLENGES TO ECONOMYMOODY'S: EXPECT THAT UKRAINE'S ECONOMY WILL DECELERATE FURTHER IN 2025, WITH REAL GDP GROWTH SLOWING TO 2.5% FROM 2.9% I...Reuters
Fri, May 30
Ukraine to default on payment to GDP warrant holders
By Libby George, Olena Harmash and Marc Jones LONDON/KYIV, May 30 (Reuters) - Ukraine's finance ministry said on Friday it would not be paying more than half a billion dollars due to holders of its GDP warrants, marking the first payment default since it created the instruments.The war-ravage...Reuters
Fri, May 30
Tax bill contains 'sledgehammer' for Trump to retaliate against foreign digital taxes
Republicans push back against global minimum taxRetaliatory taxes could raise $116 billion over a decadeSome warn retaliatory taxes could dent foreign investment in USBy Bo Erickson WASHINGTON, May 30 (Reuters) - U.S. President Donald Trump would have the power to retaliate against countries that...Reuters
Fri, May 30
WRAPUP 2-US consumers pulling back spending; inflation slowing for now
Consumer spending increases 0.2% in AprilPersonal income jumps 0.8%; savings rate rises to 4.9%Core PCE price index gains 0.1%; up 2.5% year-on-yearGoods trade deficit narrows 46.0% to $87.6 billionBy Lucia Mutikani WASHINGTON, May 30 (Reuters) - U.S. consumer spending increased marginally in Apr...Reuters
Fri, May 30
JPMorgan CEO Dimon At Reagan National Economic Forum Says We Should Be Taxing Carried Interest - CNBC
May 30 (Reuters) - JPMORGAN CEO DIMON AT REAGAN NATIONAL ECONOMIC FORUM SAYS WE SHOULD BE TAXING CARRIED INTEREST- CNBCJPMORGAN CEO DIMON AT REAGAN NATIONAL ECONOMIC FORUM SAYS AMERICAN BUSINESS COMMUNITY DOESN'T NEED ANY SPECIAL TAX BREAKS AT ALLJPMORGAN CEO DIMON AT REAGAN NATIONAL ECONOMIC FO...Reuters
Fri, May 30
Ukraine to default on payment to GDP warrant holders
LONDON, May 30 (Reuters) - Ukraine's finance ministry said on Friday it would not be paying more than half a billion dollars due to holders of its GDP warrants, marking the first payment default since it created the instruments.The war-ravaged country said it owes $665 million on June 2 to holde...Reuters
Fri, May 30
Euro zone yields set for biggest weekly fall since mid-April
Germany's 10-year Bund yield hits 3-week low before recoveringOn track for biggest weekly decline in over a monthU.S. core PCE posts smallest annual increase since 2021By Stefano Rebaudo May 30 (Reuters) - Euro zone benchmark German bond yields were on track on Friday for their biggest weekly...Reuters
Fri, May 30
Japan's government says it agreed with US to accelerate trade talks
May 30 (Reuters) - Japan's government said on Friday that it has agreed with the United States to accelerate trade talks as their top officials met in Washington for a fourth round of negotiations on U.S. tariffs.In a 130-mininute meeting, Japan's Economy Minister Ryosei Akazawa, U.S. Treasu...Reuters
Fri, May 30
China urges U.S. to stop 'discriminatory' restrictions, uphold Geneva consensus
May 30 (Reuters) - China on Friday urged the United States to end "discriminatory restrictions" against Beijing and for the two sides to "jointly uphold the consensus reached at the high-level talks in Geneva," according to a statement from China's embassy in Washington.The state...Reuters
Fri, May 30
