News
Important Only
BoE’s Mann: Interest-rate gradualism ‘no longer valid’
Bank of England Monetary Policy Committee member Catherine Mann said late Thursday that gradual interest-rate moves no longer send clear signals to volatile financial markets and larger shifts are now needed to “cut through” the noise for the good of the economy, per Bloomberg.Fxstreet
Thu, Mar 6
Canada's January trade surplus at 32-month high as firms stockpile on tariff threat
January trade surplus at C$3.97 billion, double of December Exports up 5.5% to a record level, up four months in a rowTrade surplus with U.S. at record C$14.4 billionServices imports drops as less Canadians travel to U.S. By Promit Mukherjee OTTAWA, March 6 (Reuters) - Canada's trade surplus ...Reuters
Thu, Mar 6
Fed's Waller, leaning against March cut, sees easings later in year
Fed's Waller says March rate cut is unlikelyFed's Waller says cuts later this year are still on tableWaller says larger tariffs now being weighed run bigger inflation riskBy Michael S. Derby NEW YORK, March 6 (Reuters) - Federal Reserve Governor Christopher Waller said on Thursday he lean...Reuters
Thu, Mar 6
US Treasury's Bessent defends Trump tariff upheaval, vows 'maximum sanctions'
Bessent says cheap goods not essence of American DreamTariffs seen as revenue source and negotiation toolNo plans to consolidate banking regulatorsFinancial sanctions will be used for maximum impactBy David Lawder and Ann Saphir NEW YORK, March 6 (Reuters) - U.S. Treasury Secretary Scott Bessent ...Reuters
Thu, Mar 6
US President Donald Trump pivots on tariffs again
US President Donald Trump hit markets with yet another structural pivot on his tariff agenda, announcing some temporary exemptions for certain sectors, as well as getting his 25% tariffs against Mexico and Canada muddled up with his separate "reciprocal tariff" strategy that is currently slated to come into effect in April.Fxstreet
Thu, Mar 6
Fed's Waller doesn't see need to cut interest rates later this month
By Michael S. DerbyNEW YORK, March 6 (Reuters) - Federal Reserve Governor Christopher Waller said on Thursday that a case for interest rate cuts later this year based on easing inflation still seems most likely to him, but noted that a cut this month is not likely. Speaking at a Wall Street Journal ...Reuters
Thu, Mar 6
Trump delays tariffs for goods covered under Mexico, Canada trade deal
Mexican and Canadian goods to be exempted for a month Trump makes a carve out for potashAll three countries are members of North American trade pactBy Katharine JacksonWASHINGTON, March 6 (Reuters) - President Donald Trump on Thursday exempted goods from both Canada and Mexico under a North American...Reuters
Thu, Mar 6
TREASURIES-Longer-dated US yields edge up after data amid trade policy uncertainty
Weekly jobless claims fall, in contrast to planned job cutsCommerce chief Lutnick says tariff reprieve likely to be expandedFed rate cut expectations rise amid economic slowdown concernsBy Chuck Mikolajczak NEW YORK, March 6 (Reuters) - Longer-dated U.S. Treasury yields were higher on Thursda...Reuters
Thu, Mar 6
WRAPUP 2-US labor market steady, tariffs and federal government layoffs a risk to outlook
Weekly jobless claims fall 21,000 to 221,000Federal employees claims highest in four years Planned layoffs soar to 172,017 in February on DOGE boostTrade deficit widens to record high amid imports surgeBy Lucia Mutikani WASHINGTON, March 6 (Reuters) - The number of Americans filing new applicatio...Reuters
Thu, Mar 6
Ukraine's economic outlook remains exceptionally uncertain, IMF says
By Andrea Shalal WASHINGTON, March 6 (Reuters) - Ukraine is continuing to make good progress in implementing structural reforms, but its economic outlook remains exceptionally uncertain given its ongoing war against Russia's invasion, the International Monetary Fund said on Thursday.IMF spoke...Reuters
Thu, Mar 6
IMF says US tariffs will hurt Mexican, Canadian economies
IMF sees increased volatility in financial marketsGlobal lender plans more comprehensive assessment in AprilUncertainty historically dampens demand and investment, IMF says By Andrea Shalal WASHINGTON, March 6 (Reuters) - If sustained, U.S. tariffs imposed on Mexico and Canada will have a signifi...Reuters
Thu, Mar 6
Mexico wins tariff reprieve after president's 'excellent' Trump call
By Brendan O'Boyle and Kylie MadryMEXICO CITY, March 6 (Reuters) - Mexican President Claudia Sheinbaum thanked her U.S. counterpart Donald Trump for an "excellent and respectful" call on Thursday, promising that her government would work on security and migration as Washington temporaril...Reuters
Thu, Mar 6
US Treasury's Bessent says FSOC will drive regulatory change, outlines tariff policies
March 6 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said he plans to use the Financial Stability Oversight Council to drive change in financial regulations that are unduly burdensome to banks and characterized by a "broken supervisory culture," coordinating via Treasury rat...Reuters
Thu, Mar 6
