News
Important Only
Fed can wait to adjust policy because job market is near full employment, Bostic says
Aug 13 (Reuters) - Atlanta Federal Reserve President Raphael Bostic on Wednesday said a U.S. job market holding near full employment offers the central bank the "luxury" of being able to avoid rushing to make any policy adjustments.The Fed should avoid policy volatility that can be troubleso...Reuters
Wed, Aug 13
What to Watch in the Day Ahead - Thursday, August 14
The Labor Department is expected to report that initial claims for unemployment benefits likely rose by 2,000 to 228,000 for the week ending August 9. Continued jobless claims for the week ended August 2 are expected to fall to 1.964 million from 1.974 million previously. Meanwhile, the Bureau of La...Reuters
Wed, Aug 13
Fed grappling with impact of tariffs as it ponders rate decisions, Goolsbee says
Goolsbee cautious on assuming tariffs as one-time inflation shockFed's next policy meeting is on September 16-17Goolsbee says labor market solid despite slowing job growth Aug 13 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Wednesday the U.S. central bank is grappling...Reuters
Wed, Aug 13
Fed's Bostic warns that tariffs may cause some structural changes
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic took a general measure of the US economy's health, noting a general weakening in the latest round of labor data, and also noted that certain segments are struggling under the weight of tariffs more than others.Fxstreet
Wed, Aug 13
Fed cut seen near certain after inflation data, Bessent comments
Markets now see September cut as a lockBessent argues rates should be near neutralList of chair candidates grows to 11By Howard Schneider and Andrea ShalalWASHINGTON, Aug 13 (Reuters) - The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflati...Reuters
Wed, Aug 13
US President Trump: Fed rates should be at 1%, second Putin meeting uncertain
United States (US) President Donald Trump delivered his latest thoughts on his efforts to be the primary peace deal broker between Russia and Ukraine on Wednesday, and dipped back into the Federal Reserve (Fed) pool of usual statements to reiterate his own estimations of where interest rates shouldFxstreet
Wed, Aug 13
German 30-year yields drop from 14-year high on Ukraine uncertainty
By Stefano Rebaudo Aug 13 (Reuters) - German 30-year bond yields fell on Wednesday, retreating from a 14-year high hit the previous day, as investors stepped back from aggressive selling due to geopolitical uncertainty linked to U.S. President Donald Trump's efforts to end the Ukraine war.Ana...Reuters
Wed, Aug 13
Brazil retail sales fall for third straight month as high interest rates bite
SAO PAULO, Aug 13 (Reuters) - Retail sales volumes in Brazil fell 0.1% in June from May, official data showed on Wednesday, marking a third consecutive monthly decline as restrictive monetary policy weighs on economic activity.Economists in a Reuters poll had expected an increase of 0.70% from the ...Reuters
Wed, Aug 13
US crude stocks and distillate inventories rise, gasoline inventories fall - EIA
U.S. crude stocks and distillate inventories rose while gasoline inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3 million barrels to 426.7 million barrels in the week ended August 8, the EIA said, compared with analysts' expectations...Reuters
Wed, Aug 13
QIC insurance service results down by 38% in Q2
Net profit rises 7.4% despite insurance service result declineMENA growth expected to rise to 2.6% in 2025, OECD reportsQIC plans Saudi branch amid projected market growthBy Navneeta NandanAug 13 - (The Insurer) - Qatar Insurance Company (QIC) has reported an insurance service result of QAR 144.5 mi...Reuters
Wed, Aug 13
Fed cut seen near certain after inflation data, Bessent comments
By Howard SchneiderWASHINGTON, Aug 13 (Reuters) - The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed U.S. inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible ...Reuters
Wed, Aug 13
TREASURIES-US yields fall as traders boost bets on September rate cut
Treasury yields fall as traders see September rate cutBessent says good chance of 50 bps rate cutTrump admin considering 11 candidates for Fed ChairBy Karen Brettell Aug 13 (Reuters) - U.S. Treasury yields fell on Wednesday as traders raised bets that the Federal Reserve will resume interest rate...Reuters
Wed, Aug 13
Swiss see risk of tariffs increasing cost of U.S. F-35A jets
Aug 13 (Reuters) - Switzerland remains committed to buying Lockheed Martin LMT.N F-35A Lightning II fighter jets from the United States despite an unclear total cost of procurement in part due to the impact of U.S. tariffs, the government said on Wednesday.The Swiss government reaffirmed its commitm...Reuters
Wed, Aug 13
US Treasury Sec. Bessent: Good chance of 50 basis point rate cut
In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.Fxstreet
Wed, Aug 13
Zambia's central bank holds rate as inflation is still well above target
By Chris Mfula LUSAKA, Aug 13 (Reuters) - Zambia's central bank kept its main lending rate ZMCBIR=ECI at 14.5% on Wednesday, saying that although inflation was easing it remained well above target.The Bank of Zambia aims to keep inflation within a 6%-8% range, but it has been above that band ...Reuters
Wed, Aug 13
Plane imports discussed as part of Swiss-US tariff impasse, airline says
Switzerland scrambling to lower 39% tariff burdenPlane purchases via Switzerland could cut U.S. deficit ZURICH, Aug 13 (Reuters) - Discussions on how to lower Switzerland's tariff burden with the United States have broached importing aeroplanes, Swiss International Air Lines LHAG.DE said on W...Reuters
Wed, Aug 13
China July bank loans unexpectedly contract for first time in 20 years
July yuan loans shrink, first contraction since July 2005July typically sees weaker credit expansion after June jumpTSF growth quickest since February 2024Credit data paints mixed picture as economy under pressureCentral bank may not rush to cut rates, reserve ratio-analystBy Kevin Yao and Ethan Wan...Reuters
Wed, Aug 13
