News
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Ex-Fed Governor Warsh says new accord between Treasury, central bank needed
July 17 (Reuters) - Former Federal Reserve Governor Kevin Warsh, seen as a potential successor to Fed Chair Jerome Powell, said on Thursday there needs to be a new accord between the Treasury Department and U.S. central bank, referencing a 1951 pact that separated federal debt management from moneta...Reuters
Thu, Jul 17
Latin America's foreign direct investment rose 7% last year, but new flows stagnate
SANTIAGO, July 17 (Reuters) - Foreign direct investment (FDI) in Latin America grew by 7.1% in 2024 to $188.96 billion, but new investment interest has stagnated, the Economic Commission for Latin America and the Caribbean (ECLAC) said on Thursday.WHY IT'S IMPORTANTFDI is a key driver of economi...Reuters
Thu, Jul 17
US business inventories unchanged in May
WASHINGTON, July 17 (Reuters) - U.S. business inventories were unchanged for a second straight month in May, suggesting that inventories could subtract from gross domestic product in the second quarter.The flat reading in inventories reported by the Commerce Department's Census Bureau on Thursda...Reuters
Thu, Jul 17
TREASURIES -US yields slip after brief spike following solid batch of US data
By Gertrude Chavez-Dreyfuss NEW YORK, July 17 (Reuters) - U.S. Treasury yields edged lower on Thursday, briefly spiking after a batch of data showed the world's largest economy remained on a stable footing, supporting the Federal Reserve's patient stance on resuming its monetary easing p...Reuters
Thu, Jul 17
Turkey cenbank to restart cutting cycle with 250 bps move in July
By Ece Toksabay ANKARA, July 17 (Reuters) - Turkey's central bank is expected to kick off a renewed easing cycle with a 250 basis-point rate cut to 43.50% next week, as disinflation continues and market turmoil has largely faded, a Reuters poll showed on Wednesday. All but one of the 17 ec...Reuters
Thu, Jul 17
GE Aerospace lifts profit outlook as engine deliveries soar
Second-quarter LEAP engine deliveries up 38% year on yearGE's suppliers deliver 10% more parts, shipping over 90% of committed volumeGE expects low-single-digit rise in global aircraft departuresCEO Culp urges White House to restore tariff-free regime for aerospaceBy Rajesh Kumar Singh and Shiva...Reuters
Thu, Jul 17
Fed’s Kugler: It is appropriate to keep rates steady “for some time”
FOMC Governor Adriana Kugler said that the Federal Reserve should not lower interest rates "for some time" since the effects of Trump administration tariffs are starting to show up in consumer prices. She added that restrictive monetary policy is essential to keep inflationary psychology under line.Fxstreet
Thu, Jul 17
U.S. June Retail Sales Far Exceed Expectations — But Is the Tariff-Driven Inflation Illusionary?
TradingKey - On Thursday, July 17, the U.S. Department of Commerce released data showing that June 2025 retail sales rose 0.6% MoM, rebounding sharply from -0.9% in May — and well above the forecast of 0.1%. The core retail sales rate also improved from -0.3% to 0.5%, above the expected 0.3%.
TradingKey
Thu, Jul 17
US import prices rise marginally in June
WASHINGTON, July 17 (Reuters) - U.S. import prices rebounded marginally in June amid cheaper energy products, but higher costs for consumer goods were consistent with a tariff-driven increase in inflation.Import prices increased 0.1% last month after a downwardly revised 0.4% decline in May, the Lab...Reuters
Thu, Jul 17
Fed's Kugler: No rate cut for some time as tariffs pass through to prices
Fed expected to hold rates steady at July 29-30 meetingKugler sees risk of price pressures buildingKugler says tight policy needed to keep expectations in checkBy Howard SchneiderWASHINGTON, July 17 (Reuters) - The U.S. Federal Reserve should not cut interest rates "for some time" as the imp...Reuters
Thu, Jul 17
Trump's tariffs cloud G20 finance chiefs' meeting in South Africa
Trump's tariff threats escalate global trade tensionsBessent's absence follows no-show at February G20 meetingSouth Africa hopes for communique at end of meetingBy Kopano Gumbi, Maria Martinez and Colleen Goko DURBAN, July 17 (Reuters) - South Africa urged G20 countries to show global and...Reuters
Thu, Jul 17
RPT-US weekly jobless claims fall; job growth appears steady in July
WASHINGTON, July 17 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring. Initial claims for state unempl...Reuters
Thu, Jul 17
US weekly jobless claims fall; job growth appears steady in July
WASHINGTON, July 17 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring. Initial claims for state une...Reuters
Thu, Jul 17
US weekly jobless claims fall; job growth appears steady in July
WASHINGTON, July 17 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid off workers are experiencing long spells of unemployment because of a moderation in hiring. Initial claims for state une...Reuters
Thu, Jul 17
US retail sales beat expectations in June
WASHINGTON, July 17 (Reuters) - U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.Retail sales increased 0.6% last month after an unrevised 0.9% drop in May, the Commerce Department's Census Bureau sa...Reuters
Thu, Jul 17
