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RPT-BOJ to cut growth forecast as US tariffs hit, sources say
BOJ to cut fiscal 2025 growth forecast in quarterly reportNo consensus within BOJ on extent of Trump tariff damageFocus on if BOJ maintains baseline view of moderate recoveryBOJ seen keeping policy steady at April 30-May 1 meetingBy Leika Kihara TOKYO, April 16 (Reuters) - The Bank of Japan is se...Reuters
Wed, Apr 16
ANALYSIS-More Japanese embracing foreign rice, even before it became a tariff topic
Shortage has seen wholesale domestic prices hit record highsRestaurants and supermarkets keen to expand use of imported riceTrump has called out Japan's high rice tariffs By Kaori Kaneko and Chang-Ran Kim TOKYO, April 17 (Reuters) - When a severe rice shortage sent prices skyrocketing in Ja...Reuters
Wed, Apr 16
New Zealand’s CPI inflation rises to 2.5% YoY in Q1 vs. 2.3% expected
New Zealand’s Consumer Price Index (CPI) rose 2.5% YoY in the first quarter (Q1) of 2025, compared with the 2.2% increase seen in the fourth quarter of 2024, according to the latest data published by Statistics New Zealand on Thursday.Fxstreet
Wed, Apr 16
ECB to cut rates again to help economy overcome trade turmoil
Deposit rate seen cut to 2.25% from 2.50%Trade turmoil to weigh on growthStronger euro, lower energy, China dumping could all lower inflationDecision due at 1215 GMT, Lagarde press conference at 1245 GMTBy Balazs Koranyi FRANKFURT, April 17 (Reuters) - The European Central Bank is expected to cut...Reuters
Wed, Apr 16
California sues Trump administration to block tariffs
California's ports and agriculture face significant tariff impactsState says Trump has no authority to tax imports 'on a whim'Trump's tariffs face other legal challenges from other statesExperts question legality of Trump's tariffs under IEEPABy Brendan Pierson and Dietrich Knaut...Reuters
Wed, Apr 16
Trump's trade war ripples through the business world, hits stocks again
Tech companies warn of financial impacts from trade warJapan faces challenges in U.S. trade talks, potential car price hikesU.S. consumer sentiment declines amid tariff concerns, retail sales mixedBy Nora Eckert, Kalea Hall and Elisa Anzolin April 16 (Reuters) - The ripple effects of Donald Trump...Reuters
Wed, Apr 16
CORRECTED-Fed's Hammack sees steady monetary policy as central bank seeks more data
Fed's Hammack sees 'strong case' for steady policy amid uncertaintyFed's Hammack said economy beset by uncertainty right nowHammack sees difficult conditions for Fed policymaking By Michael S. DerbyApril 16 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said on ...Reuters
Wed, Apr 16
Foreign holdings of US Treasuries rise in February
By Alden BentleyApril 16 (Reuters) - Foreign holdings of U.S. Treasuries rose 3.4% in February, data from the Treasury Department showed on Wednesday, with the two largest owners, Japan and China, building up their U.S. debt holdings.Total overseas holdings of U.S. Treasuries amounted to $8.817 tril...Reuters
Wed, Apr 16
Powell does not think Trump's labor board firings case will apply to Fed
Case over Trump firings being closely watched in Fed circlesPowell: 'never going to be influenced by any political pressure'Powell's remarks on independence draw audience applauseBy Howard Schneider CHICAGO, April 16 (Reuters) - The legal case before the Supreme Court over President D...Reuters
Wed, Apr 16
Ford Motor may hike prices if Trump's auto tariffs persist, memo says
By Kalea Hall, Nora Eckert and Utkarsh Shetti April 16 (Reuters) - Ford Motor F.N may raise prices on its new vehicles if U.S. President Donald Trump's auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker of...Reuters
Wed, Apr 16
INSTANT VIEW-Powell says Fed to stay on hold until clarity on tariff impact
April 16 (Reuters) - U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday.For now, he said in r...Reuters
Wed, Apr 16
Mexican Peso rallies as USD/MXN falls below 20.00 on cautious Powell statements
The Mexican Peso continues to appreciate against the US Dollar as market appetite remains sour, while Fed Chair Jerome Powell emphasized that he remains slightly focused on inflation as the economy is near maximum employment. At the time of writing, the USD/MXN trades at 19.96, down 0.58%.
Fxstreet
Wed, Apr 16
Foreign holdings of US Treasuries rise in February
By Alden BentleyApril 16 (Reuters) - Foreign holdings of U.S. Treasuries rose 3.4% in February, data from the Treasury Department showed on Wednesday, with the two largest owners, Japan and China, each building up their U.S. debt holdings.Total overseas holdings of U.S. Treasuries amounted to $8.817...Reuters
Wed, Apr 16
Citizens Financial may slow hiring, CEO says
By Saeed Azhar NEW YORK, April 16 (Reuters) - Citizens Financial CFG.N may temper hiring as uncertainty hangs over the economy, but it has no plans to cut staff, its chief executive told Reuters on Wednesday."We may slow down new hiring a bit until we see kind of where things are going, but w...Reuters
Wed, Apr 16
