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FACTBOX-Major brokerages continue to expect slower pace of Fed rate cuts after CPI data
March 13 (Reuters) - Major Wall Street brokerages reiterated their predictions for a slower pace of interest-rate cuts by the Federal Reserve in 2025, after data showed the U.S. consumer prices increased less than expected in February and as President Donald Trump's tariff announcements add to e...Reuters
Thu, Mar 13
Germany's Greens will vote down Merz's debt proposals in current form, official says
BERLIN, March 13 (Reuters) - Germany's Greens party will not support proposals for sweeping debt reforms by election winner Friedrich Merz and current talks do not give grounds for optimism on a compromise, senior party official Katharina Droege told reporters on Thursday. She was speaking as pa...Reuters
Thu, Mar 13
Whether US is heading for recession or just 'detox,' downturns are costly
Recessions are never felt evenly across the economyDefinitions vary, and they are never declared in real timeInflation tends to fall, unless there is stagflationBy Howard Schneider WASHINGTON, March 13 (Reuters) - U.S. Commerce Secretary Howard Lutnick says a recession would be "worth it"...Reuters
Thu, Mar 13
Tanzania plans to raise spending by 13% in fiscal year from July, draft shows
DAR ES SALAAM, March 13 (Reuters) - Tanzania plans to increase overall spending by 13.4% in the fiscal year from July, according to a draft budget that focuses on the country's debt repayment needs, the cost of a coming general election, and U.S. President Donald Trump's pause in overseas ai...Reuters
Thu, Mar 13
Institute raises German growth forecast for 2026 in anticipation of spending boom
FRANKFURT, March 13 (Reuters) - Germany's IfW economic institute raised its 2026 growth estimate for Europe's largest economy on Thursday, anticipating tailwinds from a public spending boost that conservative election winner Friedrich Merz is pushing for.IfW, one of Germany's main econom...Reuters
Thu, Mar 13
ECB’s Nagel: US trade tariffs on the EU could push Germany into recession this year
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel warned in a BBC News interview on Thursday, “US trade tariffs on the European Union (EU) could push Germany into recession this year.” Meanwhile, a Chinese official urged the US to cancel tariffs on steel and aluminium.Fxstreet
Thu, Mar 13
CORRECTED-Yields on Japan's shorter-end bonds rise after BOJ comments drive rate hike bets
TOKYO, March 13 (Reuters) - Yields on Japan's shorter-dated government bonds reversed course to rise on Thursday as comments from the Bank of Japan chief boosted bets for an early interest rate hike.The 10-year JGB yield JP10YTN=JBTC rose 1 basis point to 1.53%, after falling to as low as 1.495...Reuters
Thu, Mar 13
Vietnam regulator proposes approval of Chinese COMAC jets, documents show
Vietnam proposes recognising China's aircraft standards, aiding COMAC's market entryVietnam seeks to diversify airline options beyond Boeing and AirbusVietJet plans to lease COMAC C909 jets have been delayed by lack of approvalsVietnam seeks to balance US trade surplus with Boeing 737 MAX pu...Reuters
Thu, Mar 13
BoJ’s Ueda: Underlying inflation is still somewhat below 2%
Bank of Japan (BoJ) Governor Kazuo Ueda said on Thursday that the “underlying inflation is still somewhat below 2%.” Additional takeaways Expect underlying inflation to gradually accelerate as economy continues to recover.
Fxstreet
Thu, Mar 13
Japan’s Kato: Still not in a state where we can permanently call end to deflation
Japanese Finance Minister Shunichi Kato said on Thursday that “Japan is still not in a state where we can permanently call an end to deflation.” Additional quotes Japan's economy in state of experiencing supply shortage, rather than lack of demand.Fxstreet
Thu, Mar 13
US October-February budget deficit hits record $1.147 trillion
WASHINGTON, March 12 (Reuters) - The U.S. budget deficit for the first five months of fiscal 2025 hit a record $1.147 trillion, the Treasury Department said on Wednesday, including a $307 billion February deficit for President Donald Trump's first full month in office that was up 4% from a year earlReuters
Thu, Mar 13
