News
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Fed's Powell: U.S. economic data is 'gold standard'
March 7 (Reuters) - U.S. economic data from government agencies like the Labor Department and Commerce Department are critical to the Federal Reserve's mission and are the world's "gold standard," Fed Chair Jerome Powell said on Friday.Powell's remarks came in response to a quest...Reuters
Fri, Mar 7
Morgan Stanley cuts US growth forecast for 2025 on tariff concerns
March 7 (Reuters) - Morgan Stanley lowered its 2025 economic growth forecast for the United States on Friday, citing greater impact from tariffs and a still-tight labor market resulting in higher inflation. "Earlier and broader tariffs should translate into softer growth this year, whereas we...Reuters
Fri, Mar 7
TEXT-Fed Chair Jerome Powell's remarks on March 7, 2025
March 7 (Reuters) - For the full text of Federal Reserve Chair Jerome Powell's remarks to the University of Chicago Booth School o Business 2024 U.S. Monetary Policy Forum, please click:https://www.federalreserve.gov/newsevents/speech/powell20250307a.htmReuters
Fri, Mar 7
Trump rails against Canadian tariffs on US dairy and lumber, sees tariffs as early as Friday
WASHINGTON, March 7 (Reuters) - U.S. President Donald Trump on Friday railed against what he called tremendously high Canadian tariffs on dairy and lumber, and said his administration could impose reciprocal tariffs on Canadian products as early as Friday."Canada has been ripping us off on for y...Reuters
Fri, Mar 7
Fed's Kugler says rate policy likely on hold for some time
By Michael S. DerbyMarch 7 (Reuters) - U.S. Federal Reserve Governor Adriana Kugler said on Friday that rising inflation risks argue for an extended period of steady central bank interest rate policy. “Given the recent increase in inflation expectations and the key inflation categories that have not...Reuters
Fri, Mar 7
BREAKINGVIEWS-US labor market runs into Trump’s reality
By Gabriel Rubin WASHINGTON, March 7 (Reuters Breakingviews) - U.S. Federal Reserve leaders are fond of the adage that economic expansions don’t die of old age — they’re murdered. There is now growing evidence that February’s jobs report, showing a 50th consecutive month of net gains, could be th...Reuters
Fri, Mar 7
Fed expected to cut rates in June as jobs data raises potential red flags
March 7 (Reuters) - The Federal Reserve will head into its March 18-19 policy meeting with the labor market strong overall but showing some potential early signs of weakening, a development that could put the U.S. central bank in a tough spot if inflation remains high and the Trump administratio...Reuters
Fri, Mar 7
US pushes India to lower tariffs, buy more defence products for fair new deal
India need to stop defence purchases from Russia, US commerce secretary says Lutnick asks India to lower its high tariffs as part of bilateral deal US wants India to open its agriculture market for American firms US, India aim to sign bilateral trade pact by autumn of 2025By Shivangi Acharya and M...Reuters
Fri, Mar 7
Fed's Williams: Data points to stable inflation expectations
By Michael S. Derby NEW YORK, March 7 (Reuters) - Federal Reserve Bank of New York President John Williams said on Friday that so far there’s no evidence that inflation expectations are starting to run into any form of trouble. Based on recent data, “there is no sign of inflation expectations bec...Reuters
Fri, Mar 7
TREASURIES-US Treasury yields fall as labor market data raises rate cut hopes
Labor market data shows nonfarm payrolls below expectationsFed rate cut expectations rise amid economic slowdown concerns10-year Treasury yield falls, market prices in more rate cutsBy Chuck Mikolajczak NEW YORK, March 7 (Reuters) - U.S. 10-year Treasury yields fell on Friday after a reading on t...Reuters
Fri, Mar 7
Fed's Bowman signals she may pay more attention to job market in policy debates
March 7 (Reuters) - Federal Reserve Governor Michelle Bowman, one of the U.S. central bank's most hawkish policymakers, on Friday signaled she may pay increasing attention to signals from the job market as she weighs policy decisions ahead.Bowman was responding to research presented at a confere...Reuters
Fri, Mar 7
Canada's February unemployment rate unchanged, economy adds few jobs
Unemployment rate in February was at 6.6%, Statscan saidEconomy added a net 1,100 jobs last monthAverage hourly wage growth of permanent employees up 4.0% By Promit MukherjeeOTTAWA, March 7 (Reuters) - Canada's unemployment rate held steady at 6.6% in February while new job additions were only m...Reuters
Fri, Mar 7
