News
Important Only
When is the China Trade Balance and how could it affect AUD/USD?
The General Administration of Customs will publish its data for August on Monday at 03.00 GMT. Trade balance is expected to narrow to $98.96B in September, compared to $102.33B in the previous reading. Exports are expected to climb by 6.0%, while Imports are projected to rise by 1.5%.Fxstreet
Mon, Oct 13
UK's Reeves plans to build bigger budget buffer - Telegraph
LONDON, Oct 12 (Reuters) - British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month's budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported. Reeves said in her March spring statement...Reuters
Sun, Oct 12
UK's Reeves plans to build bigger budget buffer - Telegraph
LONDON, Oct 12 (Reuters) - British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month's budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported. Reeves said in her March spring statement...Reuters
Sun, Oct 12
Back to the future as France's Macron reappoints Lecornu as PM
Macron reappoints last PM to resolve political crisisHard left and far right angered by choiceCrisis denting economic growth, central bank chief warnsBy Elizabeth Pineau PARIS, Oct 10 (Reuters) - French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Frida...Reuters
Fri, Oct 10
Fed should 'tread with caution' on rate cuts, Musalem says
Musalem open to 'potential' rate cut as insurance against labor market weaknessHe says inflation, not job market, is restraining lower-income households' spendingControlling inflation key to supporting spending, Musalem saysBy Ann Saphir Oct 10 (Reuters) - St. Louis Federal Reserve Pr...Reuters
Fri, Oct 10
US to publish CPI report for annual Social Security cost-of-living adjustment
September CPI report includes COLA for coming year Shutdown delays other economic data collection and processingEconomists warn of volatility in October CPI due to missing dataFed expected to cut interest rates later this monthBy Lucia Mutikani WASHINGTON, Oct 10 (Reuters) - The U.S. Bureau of La...Reuters
Fri, Oct 10
TREASURIES-US yields tumble after Trump's China tariff threats
Trump's tariff threats cause stock selloff, bond yields dropFed officials open to possible interest rate cutsConsumer sentiment survey shows slight decline WASHINGTON, Oct 10 (Reuters) - U.S. Treasury yields fell to multi-week lows on Friday as investors moved to a safe haven following Pr...Reuters
Fri, Oct 10
What to Watch in the Week Ahead and on Monday, October 13
ON MONDAY Philadelphia Fed President Anna Paulson is expected to speak on the economic outlook before the National Association for Business Economics 67th Annual Meeting, "Global Economy in Transition: Finding Opportunity Amid Disruption" (1255/1655). REST OF THE WEEK As th...Reuters
Fri, Oct 10
Fed can address job market weakness with normal-sized rate cuts, Waller tells CNBC
Waller says private data consistent in showing weak job marketHe says deep rate cuts a risk given potential for GDP to reboundFed expected to cut rates by 25 basis points later this monthBy Howard Schneider WASHINGTON, Oct 10 (Reuters) - Federal Reserve Governor Christopher Waller said on Friday ...Reuters
Fri, Oct 10
Fed’s Musalem: A balanced approach to monetary policy only works if inflation expectations are anchored
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about the United States (US) economy and monetary policy at a fireside chat before the Springfield Area Chamber of Commerce and Public policy speakers, stating that inflation is running high.Fxstreet
Fri, Oct 10
Fed's Musalem says he is open minded on another rate cut, but tread with caution
Oct 10 (Reuters) - St. Louis Federal Reserve Bank President Alberto Musalem on Friday said that with interest rates now between modestly restrictive and neutral, there is possibly room for another interest-rate cut to shore up the labor market, but urged caution given too-high inflation."I am op...Reuters
Fri, Oct 10
US consumer sentiment steady in October, but labor market worries persist
Consumer sentiment index little changed at 55.0 in OctoberPocketbook issues like higher prices pre-occupy consumers' mindsConsumers little fazed by government shutdownBy Lucia Mutikani WASHINGTON, Oct 10 (Reuters) - U.S. consumer sentiment was steady in October, with households appearing to s...Reuters
Fri, Oct 10
TREASURIES-US yields extend fall after Trump remarks on China
WASHINGTON, Oct 10 (Reuters) - Benchmark U.S. yields were sharply lower late Friday morning, extending losses from earlier in the session after President Donald Trump threatened a "massive" increase in tariffs on imports from China. The president's lengthy statement on Truth Soc...Reuters
Fri, Oct 10
BLS to publish September U.S. inflation report on Oct 24
WASHINGTON, Oct 10 (Reuters) - The U.S. Bureau of Labor Statistics will publish its inflation report for September on October 24 at 8:30 a.m. (1230 GMT), the agency said on Friday. BLS was bringing some furloughed workers back in order to get the statistical agency's Consumer Price Index report...Reuters
Fri, Oct 10
TREASURIES-US yields lower as data-starved markets digest consumer reading
University of Michigan survey shows third monthly declineFed's Waller suggests cautious rate cuts possibleMarkets believe Fed will not act too quickly, says PGIM's Tipp WASHINGTON, Oct 10 (Reuters) - Benchmark U.S. yields were lower on Friday morning after a much-anticipated reading on co...Reuters
Fri, Oct 10
US consumer sentiment stable in October, labor market worries remain
WASHINGTON, Oct 10 (Reuters) - U.S. consumer sentiment was steady in October, with households appearing to shrug off a partial shutdown of the government, though worries about the labor market and inflation lingered.The University of Michigan's Surveys of Consumers on Friday said its Consumer Se...Reuters
Fri, Oct 10
