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WRAPUP 1-Fed's Williams sees rate cuts ahead, Barr calls for caution
Barr emphasizes inflation risks despite labor market vulnerabilitiesWilliams says he is focused on labor market risks, expects rate cutsDivide illustrates coming debate at Fed's October 28-29 policy meeting By Ann Saphir and Michael S. Derby Oct 9 (Reuters) - With three weeks until the U.S. c...Reuters
Thu, Oct 9
TREASURIES-US yields flat to modestly higher as market in holding pattern
30-year auction points to solid demandMarket signals less meaningful in absence of government data -analystFed's Barr warns against aggressive policy changes, citing inflation WASHINGTON, Oct 9 (Reuters) - U.S. Treasury yields were little changed on Thursday, edging slightly higher as the ong...Reuters
Thu, Oct 9
TREASURIES-US yields nudge upward following so-so 30-year auction
30-year auction points to middling demandMarket signals less meaningful in absence of government data, Compernolle saysFed Governor Barr warns against aggressive policy changes, cites inflation risk WASHINGTON, Oct 9 (Reuters) - U.S. Treasury yields were higher on Thursday afternoon after an auct...Reuters
Thu, Oct 9
Fed's Barr says policy rate is only modestly restrictive
Oct 9 (Reuters) - Federal Reserve Governor Michael Barr on Thursday said that while the Fed's current policy rate is well above his estimate of long-run neutral, it is not actually delivering that much of a brake to economic growth."If I were to take my long run estimate, I would say it was ...Reuters
Thu, Oct 9
Fed should be cautious on rate cuts due to inflation risks, Barr says
Barr emphasizes inflation risks despite labor market vulnerabilitiesHe forecasts key Fed inflation gauge to rise above 3% by end of 2025Barr worries higher inflation could become more of a 'permanent phenomenon'By Ann Saphir Oct 9 (Reuters) - The U.S. central bank should move cautiously o...Reuters
Thu, Oct 9
US 30-year fixed mortgage rate falls; prospective buyers stay on the sidelines
WASHINGTON, Oct 9 (Reuters) - U.S. mortgage rates fell this week, but an uncertain economic outlook and tepid hiring are keeping prospective homebuyers on the sidelines.The average rate on the popular 30-year fixed-rate mortgage dropped to 6.30% from 6.34% last week, mortgage finance agency Freddie ...Reuters
Thu, Oct 9
Fed’s Barr: Fed's inflation goal faces significant risks
Federal Reserve (Fed) Governor Michael Barr spoke about the economic outlook at the Economic Club of Minnesota in Golden Valley, and said that It's hard to judge at this point whether federal government shutdown will leave an imprint on overall economy.Fxstreet
Thu, Oct 9
Fed should be cautious due to inflation risks, Barr says
Oct 9 (Reuters) - The U.S. central bank should move cautiously on further interest rate cuts, Federal Reserve Governor Michael Barr said on Thursday in a speech that leaned heavily into the risks of inflation, even as he acknowledged the potential vulnerabilities in a "roughly balanced" labo...Reuters
Thu, Oct 9
Bank of Mexico to consider further cuts to interest rate
By Natalia Siniawski and Emily Green MEXICO CITY, Oct 9 (Reuters) - The Bank of Mexico cited stable inflation, a sluggish economy and an easing U.S. Federal Reserve policy in signaling further interest rate cuts, according to minutes from its latest policy meeting released on Thursday.The minutes...Reuters
Thu, Oct 9
French bond yields steady as snap election worries ease, new PM awaited
French bonds steady on optimism of avoiding snap electionMacron to name new PM by Friday eveningFrance-Germany bond yield spread remains elevatedBy Samuel Indyk LONDON, Oct 9 (Reuters) - French bonds on Thursday held on to gains from the day before on optimism the country can avoid a snap electio...Reuters
Thu, Oct 9
Bank of Mexico says it will consider further cuts to interest rate
MEXICO CITY, Oct 9 (Reuters) - The Bank of Mexico said it will assess further cuts to the interest rate, according to minutes of the central bank's meeting released on Thursday.Last month, Banxico, as the central bank is known, cut its benchmark interest rate to 7.5%, its lowest level since May ...Reuters
Thu, Oct 9
Mexico's annual inflation rises in September, but remains within target range
By Aida Pelaez-Fernandez MEXICO CITY, Oct 9 (Reuters) - Mexico's annual inflation rate quickened in September at a pace slightly below expectations, official data showed on Thursday, but remained within the central bank's target range of 3% plus or minus a percentage point.Consumer pr...Reuters
Thu, Oct 9
PepsiCo beats earnings estimates on steady demand for sodas and snacks, names new CFO
Q3 results beat driven by international growthWill cut costs in N. America snacking segment, CEO saysNames Walmart U.S. finance head as new CFOBy Juveria Tabassum and Jessica DiNapoli Oct 9 (Reuters) - PepsiCo PEP.O topped Wall Street expectations for third-quarter revenue and profit on Thursday,...Reuters
Thu, Oct 9
TREASURIES-US yields edge higher ahead of 30-year auction
WASHINGTON, Oct 9 (Reuters) - U.S. Treasury yields were rising on Thursday morning as the market awaited an auction of long-dated bonds amid a continuing shutdown of the federal government that has blocked the release of official economic indicators.The two-year and benchmark 10-year Treasuries have...Reuters
Thu, Oct 9
Fed's Williams tells New York Times he backs more rate cuts this year
New York Fed chief sees no risk of imminent recessionFed cut rates last month to balance inflation, job market risksWilliams emphasizes central bank's independence amid political pressure Oct 9 (Reuters) - New York Federal Reserve President John Williams backs more interest rate cuts this...Reuters
Thu, Oct 9
