News
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Bessent says Fed forecasts 'politically biased'
Fed says politics plays no part in its decisionsBessent's charge of a political Fed echoes Trump'sTrump wants Fed to cut ratesWASHINGTON, July 23 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday suggested without evidence that the Federal Reserve's widely followed economic ...Reuters
Wed, Jul 23
REFILE-FACTBOX-The five female Fed presidents who may have been on Bessent's mind
July 23 (Reuters) - One of the Federal Reserve's five female regional bank presidents could replace U.S. central bank chief Jerome Powell, Treasury Secretary Scott Bessent said on Tuesday - an intriguing comment given that none of the 12 Fed regional bank presidents have signaled they are on...Reuters
Wed, Jul 23
WRAPUP 2-US, EU trade talks bolstered by Trump's agreement with Japan
White House quiet on report of possible EU dealEU plans 93 billion euros in counter-tariffs if no deal reachedTrump seeks more trade deals before next week's deadlineUS Treasury cites Japan's unique financing for lower auto tariffsUS, China trade negotiators to speak next week By Philip Blen...Reuters
Wed, Jul 23
US-Japan trade agreement pose accidental threat to US auto sector
United States (US) President Donald Trump is racing to secure preliminary trade deals ahead of his own self-imposed tariff deadline of August 1, following a self-imposed delay of President Trump’s “liberation day” tariffs that were initially announced in early April.Fxstreet
Wed, Jul 23
TREASURIES-Trade deal optimism spurs risk-on move, pressuring US bonds
Investors sell bonds as trade deals boost stock marketsPolitical, fiscal risks in Japan weigh on US bond pricesTreasury 20-year auction meets solid demand By Davide Barbuscia NEW YORK, July 23 (Reuters) - U.S. Treasury prices declined on Wednesday as a U.S. trade deal with Japan and a potential d...Reuters
Wed, Jul 23
Takeaways of US-Japan deal include potential gains for Trump, Ishiba and EU
July 23 (Reuters) - An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, though many specifics of the agreement remain unclear.Reuters
Wed, Jul 23
Takeaways of US-Japan deal include potential gains for Trump, Ishiba and EU
July 23 (Reuters) - An emerging U.S.-Japanese trade deal could unlock major investment, avert a potential shock to the global economy and may deliver political wins for both U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba, though many specifics of the agreement remain unclear....Reuters
Wed, Jul 23
Kazakh Black Sea oil exports halted by new Russian regulations, sources say
CPC's shareholders include US majors Chevron and ExxonMobilMore than 2% of global oil supply could be disruptedCPC's operations have been disrupted over the yearRestrictions follow contamination scare over Azeri BTC oil MOSCOW, July 23 (Reuters) - Foreign oil tankers are being temporarily...Reuters
Wed, Jul 23
US crude, gasoline stockpiles fall, distillates build, EIA says
Crude, gasoline stocks drawdown about double analysts' forecast Distillate stockpiles build unexpectedlyGasoline demand rises but remains below summer driving season targetBy Liz Hampton and Stephanie Kelly July 23 (Reuters) - U.S. crude oil and gasoline inventories fell last week, buoyed by ...Reuters
Wed, Jul 23
US–EU close to tariff deal mirroring Japan pact – Financial Times
Following the US-Japan deal on Tuesday, Washington and Brussels appear close to an agreement that would impose 15% duties on European imports, as reported by a copy of the deal struck with the Asian country via the Financial Times (FT).Fxstreet
Wed, Jul 23
WRAPUP 1-US existing home sales hit nine-month low in June
Existing home sales fall 2.7% in JuneHousing supply increases 15.9% from year agoMedian house price rises 2% to record high of $435,300 from a year ago WASHINGTON, July 23 (Reuters) - U.S. existing home sales dropped to a nine-month low in June as higher mortgage rates and economic uncertainty k...Reuters
Wed, Jul 23
Russia's Black Sea oil loadings suspended over ship access paperwork, sources say
MOSCOW, July 23 (Reuters) - Oil loadings at Russia's Black Sea major terminals of Novorissiisk and Yuzhnaya Ozereevka have been suspended over paperwork related to new regulations for tankers' access to ports, two industry sources told Reuters on Wednesday.One of the sources said he expected...Reuters
Wed, Jul 23
TREASURIES-Japan trade deal spurs risk-on move, pressuring US bonds
Investors sell bonds as Japan trade deal boosts stock marketsPolitical, fiscal risks in Japan weigh on US bond pricesTreasury 20-year auction on deck later on Wednesday By Davide Barbuscia NEW YORK, July 23 (Reuters) - U.S. Treasury prices declined on Wednesday after three consecutive days of gai...Reuters
Wed, Jul 23
US crude inventories fall by 3.2 million barrels, EIA reports
Crude inventories fell by 3.2 million barrels to 419 million barrels in the week ended July 18, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6 million-barrel draw.Crude stocks at the Cushing, Oklahoma, delivery hub USOICC=ECI rose by 455,000 barrels in the week, t...Reuters
Wed, Jul 23
Trump strikes tariff deal with Japan, auto stocks surge
Deal includes $550 bln Japanese investment packageTariffs on Japanese autos cut to 15% from 27.5%Other duties due on August 1 reduced to 15% Japanese stocks jump, led by automakersBy Trevor Hunnicutt and Mariko Katsumura WASHINGTON/TOKYO, July 23 (Reuters) - U.S. President Donald Trump struck a t...Reuters
Wed, Jul 23
