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Proposed Fed governor Miran recommended tighter political control of the central bank he would join
Miran co-authored study recommending shorter Fed board termsProposal would allow president to fire board membersWould also put regional Feds under control of state governorsBy Howard SchneiderWASHINGTON, Aug 7 (Reuters) - Having railed against the "revolving door" between the executive branc...Reuters
Thu, Aug 7
Bank of Mexico, slowing pace of cuts, brings key rate to lowest in three years
Banxico cuts rate to 7.75%, lowest since mid-2022Deputy Governor Heath dissents, votes to hold rate at 8.0%Inflation mixed; core index above target at 4.23%By Brendan O'Boyle MEXICO CITY, Aug 7 (Reuters) - The Bank of Mexico cut its benchmark interest rate by 25 basis points on Thursday in a ...Reuters
Thu, Aug 7
TREASURIES-US Treasury yields higher after weak 30-yr bond auction
Labor market data shows rise in jobless claims, productivity exceeds estimatesBloomberg reports Waller favorite to replace Powell as Fed chairBostic still sees only one cut this yearBy Chuck Mikolajczak NEW YORK, Aug 7 (Reuters) - U.S. Treasury yields were modestly higher in a choppy session on T...Reuters
Thu, Aug 7
Bank of Mexico lowers key interest rate to 7.75%
MEXICO CITY, Aug 7 (Reuters) - The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, slowing its pace of monetary easing and bringing the rate to 7.75%, its lowest level in three years.The decision by the central bank's five-member governing board was not unanimo...Reuters
Thu, Aug 7
Zelenskiy discussed new lending program with IMF chief Georgieva
Zelenskiy discusses new financial aid with IMF's GeorgievaUkraine faces $19 billion budget shortfall next yearIMF programme update needed due to changing war conditions WASHINGTON, Aug 7 (Reuters) - Ukrainian President Volodymyr Zelenskiy said he discussed a new financial assistance programme...Reuters
Thu, Aug 7
Trump's higher tariffs hit major US trading partners, sparking defiance and concern
Higher tariffs likely to impact global supply chains and inflationSeveral major trading partners secure reduced tariff ratesTariffs increase US federal revenues, further sectoral duties possible Switzerland, South Africa, Brazil and India still seeking better termsIndia's Modi and Brazil's L...Reuters
Thu, Aug 7
Brazil auto exports to jump driven by Argentina; tariffs affect local sales
By Alberto AlerigiSAO PAULO, Aug 7 (Reuters) - Brazil's auto exports are set to grow much more than previously expected in 2025, automakers' association Anfavea said on Thursday, crediting strong demand from neighboring Argentina for the upward revision to its forecast.The higher exports sho...Reuters
Thu, Aug 7
US households expect higher longer-run inflation, New York Fed says
New York Fed says longer-run inflation expectations up in JulyHouseholds more upbeat about current, future financial situationAmericans' view on labor market mixed in July By Michael S. Derby Aug 7 (Reuters) - Americans' longer-term inflation outlook deteriorated in July even as household...Reuters
Thu, Aug 7
Bostic: Labor market risks rising, but a lot of data to come before September meeting
Too soon to commit to rate cut despite weak jobs dataInflation is expected to riseCan't rule out persistent tariff impact on pricesBy Howard SchneiderWASHINGTON, Aug 7 (Reuters) - Risks to the job market have increased, but it remains too soon to commit to interest rate cuts before the next meet...Reuters
Thu, Aug 7
Switzerland will pursue further talks with US over crippling tariffs
Swiss government delegation returns from US trip empty-handedSwiss president did not meet Trump, top US trade officialsUS tariff of 39% on Swiss goods implemented from ThursdaySwiss still want to conclude dealBy John Revill ZURICH, Aug 7 (Reuters) - Switzerland will continue talks with the United...Reuters
Thu, Aug 7
WRAPUP 3-US jobless claims edge up, but 'no-hire, no-fire' trend remains intact
Weekly jobless claims rise to highest level in a monthData suggests labor market largely stableRebound in worker productivity eases surge in labor costsBy Dan Burns Aug 7 (Reuters) - The number of Americans filing new applications for unemployment benefits ticked up to the highest level in a mont...Reuters
Thu, Aug 7
Switzerland will pursue further talks with US over crippling tariffs
Swiss government delegation returns from US trip empty-handedSwiss president did not meet Trump, top US trade officialsUS tariff of 39% on Swiss goods implemented from ThursdaySwiss still hopeful a deal can be doneBy John Revill ZURICH, Aug 7 (Reuters) - Switzerland will continue talks with the U...Reuters
Thu, Aug 7
Bostic: Labor market risks rising, but a lot of data to come before September meeting
WASHINGTON, Aug 7 (Reuters) - Risks to the job market have increased, but it remains too soon to commit to rate cuts, with more data coming before the next meeting of the U.S. Federal Reserve and inflation still expected to rise in coming months, Atlanta Fed president Raphael Bostic said on Thursday...Reuters
Thu, Aug 7
TREASURIES-US yields ease off highs after data with auction eyed
Labor market data shows rise in jobless claims, productivity exceeds estimatesInvestors focus on upcoming $25 billion 30-year bond auctionBloomberg reports Waller favorite to replace Powell as Fed chairBy Chuck Mikolajczak NEW YORK, Aug 7 (Reuters) - U.S. Treasury yields fell from their session h...Reuters
Thu, Aug 7
BoE: Quite the predicament – Standard Chartered
BoE cuts base rate by 25bps to 4.0% as expected; MPC split was more hawkish than expected. Upside inflation risks and downside labour-market risks exacerbate divisions on the MPC. There might be another cut in Q4, although it has become a close call between November and December.Fxstreet
Thu, Aug 7
