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US Senate confirms Trump's FTC commissioner pick
By Jody Godoy April 10 (Reuters) - The U.S. Senate confirmed President Donald Trump's pick for the third Republican commissioner on the U.S. Federal Trade Commission, despite criticism from Democrats over Trump's move to oust two commissioners from the consumer protection and antitrust ag...Reuters
Thu, Apr 10
Fed's Goolsbee backs wait-and-see approach to interest rates
By Michael S. DerbyNEW YORK, April 10 (Reuters) - Chicago Federal Reserve President Austan Goolsbee said on Thursday the U.S. central bank should hold its monetary policy steady until there is greater clarity regarding rapidly shifting government policies."I don't think you should ever take ...Reuters
Thu, Apr 10
US March budget deficit falls to $161 bln, customs revenue rises
WASHINGTON, April 10 (Reuters) - The U.S. government posted a $161 billion budget deficit for March, down 32% or $76 billion from a year earlier, a decline due largely to a calendar shift for benefit payments as receipts continued to grow, the Treasury Department said on Thursday.The Treasury report...Reuters
Thu, Apr 10
WRAPUP 5-US consumer inflation eases ahead of tariffs
Consumer Price Index dips 0.1% in MarchCPI increases 2.4% on year-on-year basisCore CPI rises 0.1%; advances 2.8% on year-on-year basisLabor market stable in early AprilBy Lucia Mutikani WASHINGTON, April 10 (Reuters) - U.S. consumer prices unexpectedly fell in March amid cheaper gasoline and use...Reuters
Thu, Apr 10
BREAKINGVIEWS-Fed chair nears second chance to channel his hero
By Gabriel Rubin WASHINGTON, April 10 (Reuters Breakingviews) - Jerome Powell’s impressive soft landing only leads to more hard choices. The Federal Reserve chairman’s feat leading an effort to tame runaway U.S. inflation, which dipped to 2.4% as of March, without inducing a recession is in jeopa...Reuters
Thu, Apr 10
Novartis plans to invest $23 billion in US plants as Trump renews drug tariff threats
Novartis plans to spend $23 billion to build and expand 10 U.S. facilitiesNew facilities include six manufacturing plants and a research and development site The new sites and extensions will be built over five years and are expected to create more than 4,000 jobsBy Patrick Wingrove April 10 (Re...Reuters
Thu, Apr 10
Trump's escalating tariffs threaten to reverse US import boom
Trade war drives front-loading of importsContainer imports from China rise 9.4% year-on-year in March but fall from FebruaryNational Retail Federation sees import volumes dropping at least 20% in second half By Lisa Baertlein LOS ANGELES, April 10 (Reuters) - U.S. container imports rose 11% year ...Reuters
Thu, Apr 10
Fed's Goolsbee: A tariff is like a stagflationary shock, challenging for Fed
Federal Reserve (Fed) Bank of Chicago President noted on Thursday that the most challenging aspect of managing the US economy from the Fed's side of the data docket is knock-on effects from the US's lopsided trade and tariff policy approach, which poses a direct threat to consumer confidence and outFxstreet
Thu, Apr 10
Trump tariff pause won't change fundamentals for a Fed that sees risks ahead
By Howard Schneider and Ann Saphir WASHINGTON, April 10 (Reuters) - President Donald Trump's pause on some of his new import taxes may have lessened the stress that had been building in financial markets for now, but leaves in place the same set of circumstances that had reset the U.S. econom...Reuters
Thu, Apr 10
Portugal rolls out $11 billion package to help economy weather US tariffs
By Sergio Goncalves LISBON, April 10 (Reuters) - Portugal's caretaker government rolled out a package of loans and other measures worth more than 10 billion euros ($11.1 billion) on Thursday to help the economy weather the impact of U.S. trade tariffs."The world we knew has changed, we ha...Reuters
Thu, Apr 10
IMF ups Spain's 2025 GDP growth projection to 2.5%, warns of trade risks
MADRID, April 10 (Reuters) - The International Monetary Fund revised on Thursday its forecast for Spain's economic growth this year to 2.5% from 2.3%, expecting it to remain significantly above the euro zone average in the near term, before slowing gradually.It warned, however, of downside risks...Reuters
Thu, Apr 10
Fed's Bowman says tariffs' effect on economy 'unclear'
April 10 (Reuters) - Federal Reserve Governor Michelle Bowman on Thursday said the U.S. economy is strong, noted recent data showed inflation came down last month, and while she did acknowledge recent financial market volatility triggered by investor worries that U.S. President Donald Trump's tr...Reuters
Thu, Apr 10
US House approves Republican budget plan with Trump tax cuts
WASHINGTON, April 10 (Reuters) - The U.S. House of Representatives on Thursday voted to pass a budget blueprint setting the stage for legislation later this year that could make expiring portions of President Donald Trump's 2017 tax cuts permanent.The 216-214 vote cleared the way for Republicans...Reuters
Thu, Apr 10
Schmid: Fed watching to ensure liquidity but markets adjusting well to volatility
WASHINGTON, April 10 (Reuters) - Financial markets are adjusting well to recent volatility though the U.S. Federal Reserve is monitoring closely to ensure adequate liquidity, Kansas City Fed president Jeff Schmid said on Thursday."As we go through this cycle of disruption we do have an obligatio...Reuters
Thu, Apr 10
Trump tariff pause leaves CEOs asking: What happens in 90 days?
Markets jump on hopes of negotiated deals during US tariff pauseBut companies say the uncertainty makes it hard to planThey are worried by signs demand is weakeningBy Fedja Grulovic, Patricia Weiss and Jaspreet Singh BELGRADE/FRANKFURT/LONDON, April 10 (Reuters) - U.S. President Donald Trump'...Reuters
Thu, Apr 10
