News
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Mexico central bank slashes growth forecasts citing significant weakness
Banxico sees 2025 growth close to zero, halves 2026 forecastEconomy experiencing "significant weakness," says reportBank sees U.S. trade policies fueling uncertainty, hindering investment Bank governor, deputy governor do not see a recessionCore inflation seen slightly higher through rest of...Reuters
Wed, May 28
US Treasury yields climb as minutes. highlight Fed wait-and-see mode
US Treasury yields climbed on Wednesday following the release of the latest Federal Reserve meeting minutes from May 6-7, which revealed the US central bank's concerns about tariffs and their impact on inflation and economic activity.Fxstreet
Wed, May 28
Starting law firm associate pay has been flat since 2023, NALP reports
By Karen Sloan May 28 (Reuters) - The median base salary for first-year associates at U.S. law firms did not budge over the past two years despite some large law firms raising starting pay to $225,000, according to the National Association for Law Placement.First-year associates earned a median b...Reuters
Wed, May 28
Nvidia forecasts second-quarter revenue below estimates
May 28 (Reuters) - Nvidia NVDA.O forecast second-quarter revenue below market estimates on Wednesday, expecting a major hit to sales from tighter U.S. curbs on exports of its AI chips to key semiconductor market China.The artificial intelligence market bellwether expects revenue of $45 billion, plus...Reuters
Wed, May 28
Fed saw inflation, jobless, stability risks at May meeting, minutes show
Fed saw risks rising to both of its goalsFed cited uncertainty in May decision to hold rates steadyMay meeting held before pause of the most extreme tariffsBy Howard SchneiderWASHINGTON, May 28 (Reuters) - U.S. Federal Reserve officials at their last meeting acknowledged they could face "difficu...Reuters
Wed, May 28
New York Fed to start morning Standing Repo Facility operations next month
Morning Standing Repo operations to enhance monetary policy effectivenessStigma issues haunt Fed's lending operationsThus far, SRF has seen minimal usage even in times of stressBy Michael S. Derby May 28 (Reuters) - The Federal Reserve Bank of New York said Wednesday that late next month it w...Reuters
Wed, May 28
Banxico Quarterly Report: Sheds 2025 GDP growth to 0.1%, further easing eyed
Banco de México revealed its Quarterly Report for January –March 2025, in which the central bank revised its Gross Domestic Product (GDP) forecasts for 2025 and 2026 downward, compared to the last report of 2024.Fxstreet
Wed, May 28
Brazil creates more formal jobs than expected in April
BRASILIA, May 28 (Reuters) - Brazil's economy created a net 257,528 formal jobs in April, data from the Labor Ministry showed on Wednesday, above the 175,000 expected by economists in a Reuters poll.The data accounts for 2,282,187 jobs opened and 2,024,659 closed in the period, according to the ...Reuters
Wed, May 28
New York Fed to start morning Standing Repo Facility operations next month
By Michael S. DerbyMay 28 (Reuters) - The Federal Reserve Bank of New York said Wednesday that late next month it will add morning offerings for its liquidity providing Standing Repo Facility. The morning Standing Repo Facility, or SRF, operations will join with existing afternoon operations, and wi...Reuters
Wed, May 28
Fed minutes saw rising inflation, jobless risks as of May meeting
Fed saw risks rising to both of its goalsFed cited uncertainty in May decision to hold rates steadyMay meeting held before pause of the most extreme tariffsBy Howard SchneiderWASHINGTON, May 28 (Reuters) - U.S. Federal Reserve officials at their last meeting acknowledged they could face "difficu...Reuters
Wed, May 28
ECB's Knot: Inflation dynamics may cause considerable challenges
European Central Bank (ECB) Governing Council member and head of the Dutch central bank De Nederlandsche Bank (DNB) noted on Wednesday that the current outlook on European inflation is murky, making it difficult for the ECB to engage in direct moves.
Fxstreet
Wed, May 28
Trump says will be negotiating the tax bill after Musk criticizes it
WASHINGTON, May 28 (Reuters) - President Donald Trump said on Wednesday he will be negotiating the tax bill and is not happy with certain parts of it.Trump was responding after billionaire Elon Musk criticized the bill, saying it detracts from his efforts to shrink the U.S. budget deficit. "We...Reuters
Wed, May 28
TREASURIES-US yields rise ahead of 5-year note auction, amid slew of corporate supply
By Tatiana Bautzer NEW YORK, May 28 (Reuters) - Yields on U.S. Treasuries rose on Wednesday ahead of a record $70 billion five-year note auction later in the session that could once again test demand for the country's government debt.A slew of large corporate bond issues seeking to take advan...Reuters
Wed, May 28
