News
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Fed's Hammack: I prefer to wait than move in the wrong direction with rates
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack joined the ever-growing chorus of Fed policymakers taking a hard cautious stance to interest rate forecasts, cautioning that uncertainty wrapped up in US trade policy will continue to make it difficult for the Fed to engage in market-smoFxstreet
Wed, Apr 9
WRAPUP 2-Fed officials signal no plans to ride to the rescue with rate cuts
Musalem sees US growth below 2% trend, no recessionKashkari says hurdle to cut or hike rates is highFed policymakers at March meeting worried about hard tradeoffs, minutes showTrump delivers reprieve on some tariffs, underscoring uncertainty for FedBy Howard Schneider, Ann Saphir April 9 (Reuters...Reuters
Wed, Apr 9
Argentina expects IMF board approval for $20 billion deal on Friday
BUENOS AIRES, April 9 (Reuters) - Argentina's government expects the International Monetary Fund board will approve a $20 billion loan deal at the end of the week, a government spokesman said on Wednesday, in what would mark a key step to boost the flagging economy.On Tuesday, the IMF announ...Reuters
Wed, Apr 9
US open to 'comprehensive' EU talks, Irish minister says after Lutnick meeting
DUBLIN, April 9 (Reuters) - The United States appears open to comprehensive negotiations with the European Union to address a broad range of issues, Irish Trade Minister Simon Harris said after a meeting with U.S. Commerce Secretary Howard Lutnick on Wednesday."I conveyed our commitment through ...Reuters
Wed, Apr 9
Fed minutes show broad sense US risks tilted towards higher inflation, slower growth
Key readout from March 18-19 meeting shows broad sense of higher inflation, slower growthSome Fed officials were concerned about difficult tradeoffs for the central bankPolicymakers in March expected two rate cuts in 2025By Howard SchneiderWASHINGTON, April 9 (Reuters) - U.S. Federal Reserve policym...Reuters
Wed, Apr 9
Italy says it opposes the CEO of STMicro
ROME, April 9 (Reuters) - The Italian government opposes the CEO of STMicroelectronics STMPA.PA, the economy minister said on Wednesday, as the Franco-Italian chipmaker faces a sustained downturn in its key automotive and industrial markets. "The behavior of the Italian shareholder will ...Reuters
Wed, Apr 9
Italy says budget deficit won't rise despite crumbling growth
Italy slashes 2025 GDP growth forecast to 0.6%Cuts 2026 growth to 0.8% Says outlook could improve as Trump suspends tariffsHolds budget deficit at 3.3% this year, 2.8% nextBy Giuseppe Fonte and Gavin JonesROME, April 9 (Reuters) - - Italy on Wednesday committed to keeping its budget deficit in check...Reuters
Wed, Apr 9
US Treasury Secretary Bessent: Reciprocal tariffs temporarily reduced to 10%
US Treasury Secretary Scott Bessent added further details to Trump's sudden pullback from widespread reciprocal tariffs on Wednesday, noting that the US will be dropping tariffs across the board to 10% after US President Donald Trump delayed his own "reciprocal" tariff package by 90 days as the TrumFxstreet
Wed, Apr 9
WTO says trade between US, China could decrease by as much as 80%
April 9 (Reuters) - The World Trade Organization on Wednesday estimated the U.S.- China trade tensions could cut the trade of goods between two economies by as much as 80%."This tit-for-tat approach between the world’s two largest economies, which together account for roughly 3% of global trade,...Reuters
Wed, Apr 9
China files new complaint to WTO over Trump tariffs
China says US tariffs destabilise global tradeTrump's tariffs came into effect on WednesdayChina faces duties of 104% on its exports to the USChina runs largest trade surplus with USBy Olivia Le Poidevin GENEVA, April 9 (Reuters) - China filed a new complaint with the World Trade Organization...Reuters
Wed, Apr 9
Walmart CEO Says Nothing In The Current Environment Changes Co's Strategy
April 9 (Reuters) - Walmart Inc WMT.N:WALMART CEO AT INVESTOR MEETING SAYS 'NOTHING IN THE CURRENT ENVIRONMENT CHANGES OUR STRATEGY'WALMART CFO SAYS 'WHILE THE MARKET MAYBE A LITTLE NERVOUS ABOUT CONSUMER SENTIMENT AT THIS VERY MOMENT, THERE IS NOTHING THAT CHANGES OUR VIEW'WALMART ...Reuters
Wed, Apr 9
Fed's Barkin: biggest risk is consumer spending pullback, haven't seen it yet
April 9 (Reuters) - Richmond Federal Reserve Bank President Thomas Barkin on Wednesday said the biggest risk he's watching out for is a pullback in consumer spending, the biggest part of the U.S. economy, which so far has not happened even as stocks have fallen amid concern over the effect of U....Reuters
Wed, Apr 9
US lawmakers move to block IMF Central Africa support over oil fund dispute
Bill could hold up IMF proposals for CEMAC countriesCentral Africa nations trying to bolster low foreign reservesOil funds estimated at up to $10 billionBy Bate Felix and Wendell Roelf DAKAR, April 9 (Reuters) - U.S. lawmakers have introduced legislation that could block International Monetary Fu...Reuters
Wed, Apr 9
India's finance minister says country needs support from central bank and government
LONDON, April 9 (Reuters) - India's Finance Minister Nirmala Sitharaman said her country's economy - hit by U.S trade tariffs - will need help from the Reserve Bank of India and the government as she welcomed Wednesday's interest rate cut by the central bank.The RBI's Monetary Policy...Reuters
Wed, Apr 9
