News
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Japan exports drop 0.5% y/y in June
TOKYO, July 17 (Reuters) - Japanese exports dropped 0.5% year-on-year in June, down for a second straight month, data from the Ministry of Finance showed on Thursday.The result compared with a 0.5% increase expected by economists in a Reuters poll.Imports grew 0.2% in June from a year earlier, versu...Reuters
Wed, Jul 16
Fed's Williams: Financial conditions are pretty supportive of growth
NEW YORK, July 16 (Reuters) - Federal Reserve Bank of New York President John Williams acknowledged on Wednesday there's a difference between what economists expect from the economy and the more optimistic outlook held by traders and investors."Financial conditions overall are pretty support...Reuters
Wed, Jul 16
Fed's Williams says tariffs upended inflation's ebbing to 2% target
By Michael S. DerbyNEW YORK, July 16 (Reuters) - Federal Reserve Bank of New York President John Williams said on Wednesday that if not for the Trump administration's trade tariffs, inflation would be moving toward the Fed's target."If we abstract right now from the tariff effect, we wou...Reuters
Wed, Jul 16
Fed’s Williams: Current moderately restrictive monetary policy is appropriate
Federal Reserve Bank of New York President John Williams said late Wednesday that monetary policy is in the right place to allow the Fed to monitor the economy before taking its next decision, per Reuters. Williams added that the impact of trade tariffs is only just starting to hit the economy.Fxstreet
Wed, Jul 16
Walmart Mexico's profit dips 10% after tepid consumption growth
By Sarah Morland MEXICO CITY, July 16 (Reuters) - Walmart's Mexico and Central America unit WALMEX.MX reported a 10% decrease in its second-quarter net profit on Wednesday, below analysts' forecasts, citing a slower-than-anticipated recovery in consumer spending even as its sales rose 8%....Reuters
Wed, Jul 16
Fed's Williams says tariff economic impact is only just starting
Fed's Williams says modestly restrictive monetary policy is appropriateWilliams says tariff impact only just starting for economyWilliams says inflation will rise near term due to tariffsBy Michael S. Derby NEW YORK, July 16 (Reuters) - Federal Reserve Bank of New York President John Williams...Reuters
Wed, Jul 16
Fed's Bostic: Recent data show price pressures may be building -Fox Business
By Howard Schneider WASHINGTON, July 16 (Reuters) - Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed President Raphael Bostic said on Wednesday."We may be at an inflection point," B...Reuters
Wed, Jul 16
Wall Street CEOs see some tariff impact filtering into customer behavior
By Carolina Mandl NEW YORK, July 16 (Reuters) - Some top executives at Wall Street banks have been showing concern about higher inflation and potential deterioration of the U.S. economy as tariffs take effect, noting there has been more cautious behavior from corporate clients. "...Reuters
Wed, Jul 16
United Airlines sees profit below estimates as travel spending dips
CHICAGO, July 16 (Reuters) - United Airlines UAL.O on Wednesday forecast a lower-than-expected profit in the quarter through September as worries about rising living costs and an uncertain economic outlook have led to a pullback in discretionary travel spending.The Chicago-based airline, however, sa...Reuters
Wed, Jul 16
Fed's Bostic: Recent data show price pressures may be building
WASHINGTON, July 16 (Reuters) - Recent data on consumer inflation showed price pressures may be building in the wake of rising import taxes imposed by the Trump administration, Atlanta Fed president Raphael Bostic said on Wednesday."We may be at an inflection point," Bostic said a day after ...Reuters
Wed, Jul 16
Fed Beige Book warns of flat or weakening activity throughout measured districts
The latest Federal Reserve (Fed) Beige Book, a summary of interviews with businesses, economists, and market experts, revealed that although business activity remains healthy overall and inflationary pressures remain on the subdued side, pressures are still building in the background and business opFxstreet
Wed, Jul 16
Trump says US will stick to 25% tariff on Japan, may have deal with India soon
Trump says letters going out to smaller countries soonEU negotiator heading to USTrump's economic adviser says more deals comingBy Trevor Hunnicutt and Andrea Shalal WASHINGTON, July 16 (Reuters) - President Donald Trump said on Wednesday the U.S. will probably "live by the letter"...Reuters
Wed, Jul 16
Ending Fed's independence would be a mistake, US Republican senator says
July 16 (Reuters) - U.S. Senator Thom Tillis of North Carolina said on Wednesday that firing the Federal Reserve Chair because "political people" don't agree with his economic decision-making would undermine U.S. credibility, adding that it would be a "huge mistake" to end the Fe...Reuters
Wed, Jul 16
