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IMF chief says countries opting not to retaliate against US tariffs helps global economy
WASHINGTON, Oct 14 (Reuters) - The decision by most countries to not retaliate against the United States' trade policy has helped bolster the resilience of the global economy in the face of tariff shocks and financial conditions, the International Monetary Fund chief said on Tuesday. "The wo...Reuters
Tue, Oct 14
Argentina's monthly inflation edges up as key midterm vote draws near
BUENOS AIRES, Oct 14 (Reuters) - Argentina's monthly inflation edged up in September but remained a touch below analysts' forecasts, data showed on Tuesday.Consumer prices are being closely scrutinized in light of recent exchange-rate instability and ahead of a key midterm vote at the end of...Reuters
Tue, Oct 14
Trump ups the ante on anti-trade warnings against China
US President Donald Trump lashed out at China over its recent protectionist trade policies, threatening additional targeted trade restrictions if China goes ahead with imposing fresh rare earth mineral export controls and additional port fees for foreign container ships in Chinese ports.Fxstreet
Tue, Oct 14
Fed's Collins still favors additional rate cuts to aid job market
By Michael S. DerbyOct 14 (Reuters) - Federal Reserve Bank of Boston President Susan Collins reiterated Tuesday that rising risks to the job market support additional central bank interest rate cuts in what remains an uncertain economic environment.“With inflation risks somewhat more contained, but ...Reuters
Tue, Oct 14
Fed's Powell says the end of balance sheet drawdown process may be nearing
QT endgame gains urgency as Fed's RRP usage nears zeroFed's balance sheet shrinks from $9 trillion to $6.6 trillionPowell warns against removing Fed's interest-paying powersBy Michael S. Derby Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday the end of the centra...Reuters
Tue, Oct 14
FX Today: Inflation in China and Fedspeak should keep investors entertained
The US Dollar (USD) failed to extend its recovery despite the positive start to the day, eventually receding modestly amid the steady lack of progress around any shutdown deal and a persistent risk-off environment.
Fxstreet
Tue, Oct 14
IMF says Bank of England should be 'very cautious' on future rate cuts
IMF forecasts UK inflation to remain highest in G7IMF chief economist says BoE should be 'very cautious' on ratesFinancial markets do not see next rate cut until March 2026BoE's Bailey says latest job data confirm labour market slowdownIMF sees UK GDP growing 1.3% in 2025 and 2026, above...Reuters
Tue, Oct 14
What to Watch in the Day Ahead - Wednesday, October 15
Bank of America is expected to report a rise in third-quarter profit, as a rebound in big-ticket deals is set to boost performance in its investment banking division. Also, Morgan Stanley is expected to post a rise in third-quarter profit, helped by a rebound in dealmaking that helped its investment...Reuters
Tue, Oct 14
Fed's Powell says economy may be on firmer footing, but job market weak
Powell says Fed taking meeting-by-meeting approach to interest rate cutsFed chief says elevated inflation partly due to impact of tariffsHiring and layoffs remained low through September, he saysPowell says economy may be on 'somewhat firmer trajectory than expected'By Howard Schneider PH...Reuters
Tue, Oct 14
US government shutdown threatens home sales in flood-prone areas, report says
WASHINGTON, Oct 14 (Reuters) - A shutdown of the U.S. government could hinder the accessibility of insurance coverage to prospective homeowners in flood-prone areas, and cost the already struggling housing market billions of dollars in delayed contract closings, data showed on Tuesday.The report fro...Reuters
Tue, Oct 14
IMF says China must shift growth to domestic demand, resolve property crisis
By David Lawder and Andrea Shalal WASHINGTON, Oct 14 (Reuters) - China must rebalance its economic growth model towards domestic demand, which has been weak for some time due to the country's property bust, the International Monetary Fund said on Tuesday, highlighting a message it has long de...Reuters
Tue, Oct 14
BoE’s Bailey: Labor market data backs view of softening labor market
Bank of England (BoE) Governor Andrew Bailey spoke at a fireside chat at the Institute of International Finance Annual Membership Meeting in Washington, DC. In the speech, Bailey claimed that today's labor market data backs his view of a softening labor market.
Fxstreet
Tue, Oct 14
Fed's Powell warns fewer job openings may herald higher unemployment
NEW YORK, Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell warned on Tuesday that a decline in companies looking for workers could create deeper issues for the jobs market.“You're at a place where … further declines in job openings might very well start to show up in unemployment” in terms...Reuters
Tue, Oct 14
REFILE-Fed's Powell says end of balance sheet drawdown may be nearing
By Michael S. Derby Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.Given the central bank’s long-running goal of le...Reuters
Tue, Oct 14
Fed's Powell welcomes and expects active debate between policymakers
Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday that an active debate on policy issues is a good thing to see at the central bank.“We have a healthy debate going” at the Fed and officials are “giving their absolute best argument for their positions. But they're different p...Reuters
Tue, Oct 14
World needs U.S. engagement for financial stability, ECB's Villeroy says
NEW YORK, Oct 14 (Reuters) - Protectionism is already proving costly for the U.S. consumer and Washington should instead engage with its allies to tackle global issues that threaten financial stability, French central bank governor Francois Villeroy de Galhau said on Tuesday.The Trump administration...Reuters
Tue, Oct 14
Fed's Powell says economy on firmer footing, though low-hiring, low-firing trend continues
Powell says Fed taking meeting-by-meeting approach to interest rate cutsFed chief says elevated inflation partly due to impact of tariffsHiring and layoffs remained low through September, he saysPowell says economy may be on 'somewhat firmer trajectory than expected'By Howard Schneider PH...Reuters
Tue, Oct 14
