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Powell says tariffs keeping inflation elevated, Fed watching energy prices closely
Fed looking for core inflation to come down as 'one-time' tariff impact fadesUnclear whether central bank can 'look through' energy price spike, Powell saysFed needs to be 'humble' in predicting lower tariff inflationBy David Lawder March 18 (Reuters) - Federal Reserve...Reuters
Wed, Mar 18
US oil exports seen rising as WTI discount to Brent hits widest in 11 years
U.S.-Israeli war on Iran disrupts Middle East oil supplyBrent gains outpace WTI due to Mideast infrastructure attacksUS to release172 million barrels to tame prices, pressuring WTIBy Georgina McCartney and Siddharth Cavale HOUSTON/New York, March 18 (Reuters) - The discount for U.S. crude futures...Reuters
Wed, Mar 18
Brazil central bank starts easing with 25-bp cut as oil shock stokes inflation fears
BRASILIA, March 18 (Reuters) - Brazil's central bank cut interest rates by 25 basis points on Wednesday, in line with market expectations that shifted toward a modest start to monetary easing after an oil shock from the U.S.-Israel war against Iran fueled global inflation concerns. The bank'...Reuters
Wed, Mar 18
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
Wed, Mar 18
BOJ set to hold rates steady as Middle East conflict muddles outlook
BOJ ends 2-day meeting, decision expected 0330-0430 GMTBoard likely to keep policy rate unchanged at 0.75%Hawkish board member Takata may repeat proposal for hikeGovernor Ueda to hold press conference at 0630 GMTBy Leika Kihara TOKYO, March 19 (Reuters) - The Bank of Japan is expected to keep int...Reuters
Wed, Mar 18
Vance to meet with oil trade group, acknowledges 'rough road ahead' on gas prices
By Bo Erickson and Jarrett Renshaw WASHINGTON, March 18 (Reuters) - U.S. Vice President JD Vance and Energy Secretary Chris Wright will meet on Thursday with the American Petroleum Institute, the nation’s largest oil trade group, as the Trump administration looks to ease rising gas prices.In the ...Reuters
Wed, Mar 18
TREASURIES-US yields rise as Fed keeps rates steady, emphasizes resilient growth
Fed maintains rate cut forecast for 2026 despite growth upgradeYield curve steepens slightly post-Fed statementRate futures show reduced easing bets for 2026By Gertrude Chavez-Dreyfuss NEW YORK, March 18 (Reuters) - U.S. Treasury yields advanced on Wednesday after the Federal Reserve kept interes...Reuters
Wed, Mar 18
War hits Tehran’s grand bazaar as prices surge and shops shut
Shops closed, fewer customers in bazaarTehran bazaar a major trading centreWar hits Iran's economy By Maggie Michael TEHRAN, March 18 (Reuters) - Nearly three weeks of war on Iran have hit the usually teeming alleys of Tehran's grand bazaar, shutting many of the shops and driving up price...Reuters
Wed, Mar 18
INSTANT VIEW-Fed holds rates steady as expected, calls inflation somewhat elevated
NEW YORK, March 18 (Reuters) - The Federal Reserve held its policy rate steady on Wednesday, as was widely expected, citing somewhat elevated inflation and giving little indication when it might next cut short-term borrowing costs. Fed officials' economic projections indicated they expect to cut...Reuters
Wed, Mar 18
INSTANT VIEW-Fed holds rates steady as expected, calls inflation somewhat elevated
NEW YORK, March 18 (Reuters) - The Federal Reserve held its policy rate steady on Wednesday, as was widely expected, citing somewhat elevated inflation and giving little indication when it might next cut short-term borrowing costs. Fed officials' economic projections indicated they expect to cut...Reuters
Wed, Mar 18
Fed holds steady, pushes back on cuts as inflation risks linger
The Federal Reserve (Fed) left its policy rate unchanged at 3.50% to 3.75%, but the overall message from both the statement and Chair Jerome Powell’s press conference leans firmly towards patience rather than any imminent pivot to easing.Fxstreet
Wed, Mar 18
Fed's Powell says generative AI to boost productivity, impact on inflation unclear
PARIS, March 18 (Reuters) - Generative artificial intelligence tools will certainly contribute to productivity gains for years to come, Federal Reserve Chair Jerome Powell said on Wednesday but urged caution on whether AI's impact will be disinflationary.Powell told a news conference after the F...Reuters
Wed, Mar 18
