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Feds says will slow balance sheet runoff process
By Michael S. Derby WASHINGTON, March 19 (Reuters) - The Federal Reserve said on Wednesday that it will reduce the pace of the drawdown of its still-massive balance sheet, as it faces challenges in assessing market liquidity during an ongoing impasse over lifting the government’s borrowing limit....Reuters
Wed, Mar 19
Mexican Peso falls as traders reduce risk ahead of Fed rate decision
The Mexican Peso (MXN) lost some ground against the US Dollar (USD) in early trading on Wednesday as market players awaited the US Federal Open Market Committee’s (FOMC) monetary policy decision, hence reducing their exposure to high-beta currencies like the Peso.
Fxstreet
Wed, Mar 19
US crude imports from Canada fall to two-year low after tariff developments, EIA data shows
By Stephanie Kelly NEW YORK, March 19 (Reuters) - U.S. crude imports from Canada fell to the lowest in two years as U.S. net crude imports also sank, after President Donald Trump's administration imposed tariffs on imported crude from its northern neighbor. Despite the fall in imports, U....Reuters
Wed, Mar 19
Panama's economic growth slows to 2.9% in 2024 after key mine closure
PANAMA CITY, March 19 (Reuters) - Panama's gross domestic product grew 2.9% in 2024, significantly slowing from the previous year's 7.4% expansion, as air transport declined and a major copper mine closed, official data showed on Wednesday. In the last decade, Panama was one of the wor...Reuters
Wed, Mar 19
US crude stocks rise, gasoline and distillate inventories fall - EIA
NEW YORK, March 19 (Reuters) - U.S. crude stocks rose more than expected, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 1.7 million barrels to 437 million barrels in the week ended March 14, the EIA said, c...Reuters
Wed, Mar 19
TREASURIES-Yields rise before Fed meeting statement
Yields rise ahead of Fed's rate decision and economic projectionsFocus on potential changes to SLR and quantitative tightening policiesTraders watch U.S.-Russia negotiations and reciprocal tariff ratesBy Karen Brettell NEW YORK, March 19 (Reuters) - U.S. Treasury yields gained on Wednesday an...Reuters
Wed, Mar 19
BofA CEO Says Team Projects US Economy To Slow Down This Year From High Twos Percent Growth Rate To Closer To 2% - CNBC Interview
March 19 (Reuters) - BANK OF AMERICA CEO BRIAN MOYNIHAN: ECONOMY OUGHT TO BE HOLDING UP BETTER THAN PEOPLE THINK - CNBC INTERVIEWBOFA CEO MOYNIHAN: OUR TEAM PROJECTS THE US ECONOMY TO SLOW DOWN THIS YEAR FROM HIGH TWOS PERCENT GROWTH RATE TO CLOSER TO 2%BOFA CEO MOYNIHAN: OUR TEAM PROJECTS 40 BASIS ...Reuters
Wed, Mar 19
EU defence spending hikes need to fit with budget stability, ECB's VP says
MADRID, March 19 (Reuters) - European Central Bank Vice President Luis de Guindos cautioned on Wednesday that while defence spending increases across the European Union were the "number one priority", there was still a need to guarantee budget stability in line with the bloc's fiscal ru...Reuters
Wed, Mar 19
Beijing woos global executives as FDI slides, trade tensions build
BEIJING, March 19 (Reuters) - Chinese trade officials are stepping up a charm offensive as Beijing seeks to assure global business leaders of the economy's long-term prospects despite a consumer slump and renewed trade tensions, meeting as many as four foreign executives early this week.
Reuters
Wed, Mar 19
Hong Kong aims to safeguard key facilities with new cybersecurity law
By Jessie Pang HONG KONG, March 19 (Reuters) - Hong Kong passed a cybersecurity law on Wednesday to regulate operators of critical infrastructure, forcing them to strengthen computer systems and report cybersecurity incidents or risk penalties of up to HK$5 million ($640,000). The law, set to ta...Reuters
Wed, Mar 19
Federal Reserve set to keep interest rate unchanged amid US recession fears and Trump tariff concerns
The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and publish the revised Summary of Economic Projections (SEP), the so-called dot plot, following the March policy meeting on Wednesday.Fxstreet
Wed, Mar 19
Japan says economy recovering, but flags risks from Trump trade policies
TOKYO, March 19 (Reuters) - Japan's government stuck with its cautiously optimistic outlook for the economy U.S. President Donald Trump's trade policies could dampen global growth and higher inflation could hurt consumer spending. The government maintained its view on the world's fourth...Reuters
Wed, Mar 19
BOJ keeps interest rates steady, warns of Trump tariff risks
Board keeps short-term policy rate steady at 0.5%Governor Ueda warns of heightening global uncertaintyUeda says domestic economy in line with BOJ's forecastsWage, food price gains may affect underlying inflationBy Leika Kihara and Makiko Yamazaki TOKYO, March 19 (Reuters) - The Bank of Japan ...Reuters
Wed, Mar 19
South Africa inflation steady, central bank seen holding rates
Feb consumer inflation at 3.2% vs 3.3% forecastCentral bank seen pausing rate cuts on ThursdayInflation well below middle of target rangeTrump's tariffs, budget deadlock pose risksBy Bhargav Acharya and Sfundo Parakozov JOHANNESBURG, March 19 (Reuters) - South Africa's inflation rate was...Reuters
Wed, Mar 19
