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Israeli banks to pay state $1 billion in 2026, lowering budget deficit target to 4.9% of GDP
JERUSALEM, March 19 (Reuters) - Israel's commercial banks will pay the state a one-time tax of 3.25 billion shekels ($1.0 billion) in 2026, which will lower the planned budget deficit target to 4.9% of gross domestic product from 5.1%, the Finance Ministry said on Thursday.($1 = 3.1239 shekels)Reuters
Thu, Mar 19
Bessent says Fed nominee Warsh meetings with lawmakers going well
WASHINGTON, March 19 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that meetings between President Donald Trump's Fed chair nominee, Kevin Warsh, and U.S. lawmakers are going very well, but would not comment on whether a federal investigation of the current chair would be dr...Reuters
Thu, Mar 19
US weekly jobless claims unexpectedly fall amid low layoffs
WASHINGTON, March 19 (Reuters) - The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to stable labor market conditions and a rebound in job growth in March.Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjuste...Reuters
Thu, Mar 19
US Treasury's Bessent: May unsanction Iranian oil on water in coming days
In an interview with Fox Business Network on Thursday, United States (US) Treasury Secretary Scott Bessent said that the US is not attacking Iran's energy infrastructure and added that they have allowed Iranian oil to continue out of the Gulf, per Reuters.Fxstreet
Thu, Mar 19
USD: Energy shock and Fed repricing support greenback – MUFG
MUFG’s Senior Currency Analyst Lee Hardman notes the Dollar has strengthened, with the Dollar Index back above 100.00, as Middle East energy infrastructure attacks lift Brent above USD115 and raise global supply concerns.Fxstreet
Thu, Mar 19
RPT-BREAKINGVIEWS-Jerome Powell offers preview of Warsh's headaches
By Gabriel Rubin WASHINGTON, March 18 (Reuters Breakingviews) - Jerome Powell has a message about the future: “nobody knows.” The truism has rung louder than usual of late, and the Federal Reserve chairman’s eight years in office have taught him to expect the worst of the unexpected. But his rema...Reuters
Thu, Mar 19
CHF: Dovish SNB stance with benign inflation – ING
ING’s Senior Economist Charlotte de Montpellier notes that the Swiss National Bank kept its policy rate at 0% as low inflation and a strong Swiss Franc cushion higher energy prices. The SNB’s new projections show very weak inflation through 2027, reinforcing expectations of unchanged rates.
US: Slowing spending under Oil shock – TD Securities
TD Securities’ Oscar Munoz and Eli Nir highlight that US consumer momentum is weakening, with real spending barely growing into early 2026 and creating a soft base for Q1. They project slower quarterly consumption growth but a firmer year-on-year pace, with tax refunds helping more in Q2.Fxstreet
Thu, Mar 19
Most brokerages retain Fed rate-cut calls as markets scale back 2026 easing bets
March 19 (Reuters) - Traders have sharply pulled back expectations of interest-rate cuts by the U.S. Federal Reserve this year after the central bank on Wednesday held rates steady and projected higher inflation and a single reduction in borrowing costs.Most global brokerages, however, stuck to thei...Reuters
Thu, Mar 19
Euro zone Q4 labour costs up 3.3% yr/yr
March 19 (Reuters) - The EU statistics agency released the following data on Thursday for hourly labour costs and wages in the euro zone and the European Union in the fourth quarter.Nominal hourly labour costs of whole economy% change compared with same quarter of previous year - calendar adjustedQ4...Reuters
Thu, Mar 19
CZK: CNB pause seen reinforcing koruna floor – Commerzbank
Commerzbank’s Tatha Ghose expects the Czech National Bank (CNB) to keep rates unchanged, with the board comfortable at current levels and united against both tightening and easing. While he sees inflation risks as overstated, the Iran war and higher energy prices justify caution.
Fxstreet
Thu, Mar 19
