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WRAPUP 2-Fed officials lukewarm on September rate cut as markets await Powell speech
Inflation concerns tied to tariffs complicate rate-cut outlookMarkets put chance of Fed rate cut next month at 70%Investors hope for clear signal from Fed chief Powell on FridayBy Michael S. Derby and Howard Schneider NEW YORK/JACKSON HOLE, Wyoming, Aug 21 (Reuters) - Federal Reserve officials ap...Reuters
Thu, Aug 21
South Korea turns to culture in search of next fillip for growth
Entertainment companies expand business in new marketsPresident vows 'big-five soft power' amid growing protectionismCultural exports triple over decade, bringing 'quality' jobsExperts say government support key to long-term successBy Jihoon Lee SEOUL, Aug 22 (Reuters) - South Kor...Reuters
Thu, Aug 21
Fed’s Collins signals openness to rate cut as soon as next month
Federal Reserve (Fed) Bank of Boston President Susan Collins signaled openness to a rate cut as soon as Septemebr, citing tariff pressures and potential labor market weakness despite near-term inflation risks, the Wall Street Journal reported on late Thursday.Fxstreet
Thu, Aug 21
Fed’s Goolsbee: US economic data sending contradictory signals
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said late Thursday that September’s Fed meeting remains open for action. Goolsbee further stated that the US central bank has been getting mixed messages on the economy.Fxstreet
Thu, Aug 21
Boston Fed's Collins signals openness to rate cut as soon as next month, WSJ reports
Aug 21 (Reuters) - Boston Federal Reserve Bank President Susan Collins signaled an openness to an interest rate cut as soon as next month, the Wall Street Journal reported on Thursday, citing an interview.Collins said she expects inflation to continue rising through the end of the year before resumi...Reuters
Thu, Aug 21
Fed's Goolsbee cautious on cutting rates amid inflation worry -Bloomberg TV
NEW YORK, Aug 21 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday that while the central bank's policy meeting next month is "live" for potential monetary policy action, recent inflation data gives him some pause when it comes to cutting interest rat...Reuters
Thu, Aug 21
Chile's Boric taps close ally Grau as finance minister after Marcel’s surprise exit
By Alexander Villegas and Fabian Cambero SANTIAGO, Aug 21 (Reuters) - Chile's finance minister Mario Marcel, considered a stabilizing and pragmatic figure in President Gabriel Boric's administration, resigned on Thursday amid a wider cabinet reshuffle.In a ceremony at the presidential pal...Reuters
Thu, Aug 21
TREASURIES-US yields advance as Fed rate-cut bets ease before Powell's remarks
Mixed US data muddles Fed rate-cut outlookBets on September easing decline as Jackson Hole meeting kicks offTreasury see strong demand for 30-year TIPS auctionBy Matt Tracy WASHINGTON, Aug 21 (Reuters) - Yields on U.S. Treasuries rose on Thursday as market participants pared back bets on a Federa...Reuters
Thu, Aug 21
WRAPUP 1-Rise in US jobless claims adds to signs of labor market softness
Combination of strong PMI data, rising jobless claims sends mixed signalsHome sales rebounded slightly in JulyFed expected to lower interest rates next monthBy Dan Burns Aug 21 (Reuters) - The number of Americans filing new applications for jobless benefits rose by the most in about three months ...Reuters
Thu, Aug 21
EU pushes for reduced US autos tariff from August 1 as joint text limits exemptions
US to levy 15% tariff on most EU goods, 50% on steel, aluminumUS to cut car tariffs once EU introduces legislation to reduce levies on US goodsEU will seek to secure retroactive car tariff reductionTariff relief could come in weeks, US official saysBy Andrea Shalal and David Lawder WASHINGTON/BRU...Reuters
Thu, Aug 21
Bank of Mexico to consider further cuts to benchmark rate
Central bank mulls further cuts as inflation easesCore index remains above bank's target rangeBoard flags sluggish economic growth, slowing employmentBy Sarah Morland and Emily GreenMEXICO CITY, Aug 21 (Reuters) - The Bank of Mexico indicated it would consider additional cuts to its benchmark ra...Reuters
Thu, Aug 21
TREASURIES-US yields climb as market look to Fed's Powell's speech for rate clues
Yields rise after rise in jobless claims, home sales dent rate cut oddsMarket bets on rate cut tick lower as Fed's Jackson Hole meeting kicks offTreasury Department met high demand for auctions of four-week and eight-week billsBy Matt Tracy WASHINGTON, Aug 21 (Reuters) - Yields on U.S. Treasu...Reuters
Thu, Aug 21
CORRECTED-Homebuilder Hovnanian Enterprises Q3 revenue rises 10.8% on strong home sales growth
OverviewHovnanian Q3 fiscal revenue rises 10.8% to $800.6 mln, just missing estimatesNet income for fiscal Q3 falls to $16.6 mln from $72.9 mln a year ago86% of total lots are optioned, highest percentage ever achievedOutlookCompany expects Q4 revenue between $750 mln and $850 mlnHovnanian sees Q4 a...Reuters
Thu, Aug 21
EU pushes to secure lower U.S. car tariff from Aug 1
US to levy 15% tariff on most EU productsUS to lower car tariffs once EU introduces legislation to cut tariffs on US goodsEU will seek to secure retroactive car tariff reductionTariff relief could come in weeks, US official saysBy Andrea Shalal and David Lawder WASHINGTON/BRUSSELS, Aug 21 (Reuter...Reuters
Thu, Aug 21
Walmart results show consumer resilience; shares down after recent rally
Strong demand across income levels boosts Walmart's revenueWalmart's e-commerce sales jump 25%, aiding overall growthSecond-quarter profit below expectations, first miss in 3 yearsCEO warns tariff costs increasing as inventory replenishedWalmart stock fallsBy Savyata Mishra and Siddharth Ca...Reuters
Thu, Aug 21
US DOJ to probe Fed's Cook, urging removal, Bloomberg News reports
Aug 21 (Reuters) - The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board, Bloomberg News reported on Thursday.Reuters could not immediately v...Reuters
Thu, Aug 21
