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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
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 rates sensitive two-year Treasury yields fell on Tuesday after data showed that U.S. consumer price inflatio...Reuters
Tue, Aug 12
Jobs data blasted by Trump seen by Fed officials as reason to cut
July report led to BLS commissioner firingFed officials saw economic weakening and a reason to cutOfficials look for consistency across data sourcesBy Howard Schneider WASHINGTON, Aug 12 (Reuters) - The data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics bec...Reuters
Tue, Aug 12
Brazil's inflation undershoots forecasts in July amid high interest rates
SAO PAULO, Aug 12 (Reuters) - Brazil's inflation undershot market expectations in July, data from statistics agency IBGE showed on Tuesday, with a monthly drop in food prices providing some relief even as the annual rate remained well above the central bank's target.Consumer prices in Latin ...Reuters
Tue, Aug 12
Swiss open to Federer or FIFA chief helping on US tariffs
Swiss government open to Federer or Infantino intervening on tariffsSwiss stunned by 39% U.S. import levy, among highest under Trump's trade resetKeller-Sutter hopes for tariff resolution by October, but won't pay "any price"By John Revill ZURICH, Aug 12 (Reuters) - The Swiss gove...Reuters
Tue, Aug 12
TREASURIES-US yields fall after consumer price inflation data
Aug 12 (Reuters) - U.S. Treasury yields fell on Tuesday after data showed that headline consumer price inflation was below economist expectations on an annual basis in July, though core price pressures were slightly higher than expected.The yield on benchmark U.S. 10-year notes US10YT=RR was last do...Reuters
Tue, Aug 12
