News
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FTC resolves 'Clean Truck Partnership' antitrust concerns
WASHINGTON, Aug 12 (Reuters) - The U.S. Federal Trade Commission said on Tuesday it had resolved antitrust concerns arising from the "Clean Truck Partnership," which involves major truck manufacturers.Under the Clean Truck Partnership, four manufacturers —Daimler Truck, International Motors,...Reuters
Tue, Aug 12
Bessent hopes Miran in place at Fed by September, leading to rate cut
Bessent says Fed should think about 50 basis point cut in ratesCentral bank has 'foundational' problems, Bessent saysTrump keeping open mind on Fed candidatesBy Andrea Shalal and Ryan Patrick Jones WASHINGTON, Aug 12 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was...Reuters
Tue, Aug 12
US plans to keep publishing monthly jobs report, White House says
White House says 'the plan' is for Bureau of Labor Statistics to continue releasing the reportBLS commissioner nominee Antoni suggested suspending monthly report due to data accuracy concernsTrump fired previous BLS commissioner after weak job growth reportBy Dan Burns Aug 12 (Reuters) - ...Reuters
Tue, Aug 12
Investors double down on September Fed cut after CPI
Rate cut bets rise after mild July inflationTreasury official says tariffs are being paid by exportersSome economists expect gradual tariff impact on consumersBy Davide Barbuscia NEW YORK, Aug 12 (Reuters) - Investors are betting harder on a September Federal Reserve interest rate cut after last ...Reuters
Tue, Aug 12
TREASURIES-Two-year yields fall after consumer price inflation data
July consumer price inflation close to expectationsCPI data shows limited pass through from tariffsTraders boost bets on September Fed rate cutBy Karen Brettell Aug 12 (Reuters) - Interest rate sensitive two-year Treasury yields fell on Tuesday as July U.S. consumer price inflation came roughly i...Reuters
Tue, Aug 12
What to Watch in the Day Ahead - Wednesday, August 13
Investors await comments from the Federal Reserve policymakers to assess when the central bank might cut interest rates. Richmond Fed President Thomas Barkin is scheduled to speak before the Greenville Chamber of Commerce (0800/1200). At the same event, Chicago Fed President Austan Goolsbee is set t...Reuters
Tue, Aug 12
Mexican president taps Maria del Carmen Bonilla as deputy finance minister
MEXICO CITY, Aug 12 (Reuters) - Mexican President Claudia Sheinbaum has nominated Maria del Carmen Bonilla as deputy finance minister, putting to rest weeks of speculation about who will assume the post. Bonilla, one of several candidates, has overseen the ministry's public credit and intern...Reuters
Tue, Aug 12
WRAPUP 4-Cheaper gasoline restrains US consumer prices; worries about data quality rise
Consumer price index increases 0.2% in JulyStrong gains in tariff-sensitive goods pricesCPI excluding food and energy rises 0.3%; up 3.1% year-on-yearBy Lucia Mutikani WASHINGTON, Aug 12 (Reuters) - U.S. consumer prices increased marginally in July, though rising costs for services such as airlin...Reuters
Tue, Aug 12
German 30-year government bond yields hit highest since 2011
German 30-year yields reach highest since 2011Driven by investor focus on likely rise in fiscal spendingUkraine peace deal could also lead to increase in bond supplyBy Stefano Rebaudo Aug 12 (Reuters) - German 30-year yields rose to their highest level since 2011 on Tuesday, driven by renewed inv...Reuters
Tue, Aug 12
Fed's policy rate should stay on hold for now, Schmid says
Aug 12 (Reuters) - The U.S. central bank should not take tariffs' muted effect on inflation so far as an opportunity to cut interest rates, but rather as a sign that monetary policy is "appropriately calibrated," Kansas City Federal Reserve President Jeffrey Schmid said on Tuesday, in re...Reuters
Tue, Aug 12
German 30-year government bond yields hit highest since summer 2011
By Stefano Rebaudo Aug 12 (Reuters) - German 30-year government bond yields rose to their highest level since 2011, driven by renewed investor focus on expectations of sharp increase in fiscal spending, while U.S. economic data released earlier came in roughly in line with forecasts."I don’t ...Reuters
Tue, Aug 12
Fed’s Barkin: Balance between inflation and unemployment is unclear
Richmond Fed President Tom Barkin said on Tuesday that strong consumer spending might be cushioning the impact of tariffs on inflation, but he warned it could eventually give way to weaker demand and higher unemployment.Fxstreet
Tue, Aug 12
Richmond Fed's Barkin: Consumers will be key to coming inflation, jobs results
Barkin says considers policy well positioned to coming risksBoth employment and inflation could come under pressureChanges in shopping habits may help mute price increasesBy Howard SchneiderWASHINGTON, Aug 12 (Reuters) - Aggressive shopping by consumers may mute the impact of tariffs on inflation b...Reuters
Tue, Aug 12
U.S. CPI Rises Slightly, Yet Markets Double Down on Rate Cut Bets: Decoding the Logic
TradingKey - On Thursday morning (U.S. Eastern Time), the U.S. Bureau of Labor Statistics released the July CPI report：Core CPI rose 3.1% year-over-year, the highest level in five months and above the 3.0% forecast.TradingKey
Tue, Aug 12
Former St. Louis Fed President Bullard: Will accept Fed chair job if we aim for low and stable inflation
In an interview with CNBC on Tuesday, Former St. Louis Federal Reserve Bank President James Bullard said that he spoke with US Treasury Secretary Scott Bessent last week, per Reuters.Fxstreet
Tue, Aug 12
