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TREASURIES-Yields fall after data shows people staying longer out of work
By Tatiana Bautzer NEW YORK, June 26 (Reuters) - Yields on 2-year Treasury notes eased on Thursday morning after the Labor Department reported a slight fall in weekly jobless claims, but higher recurring claims indicated that more people are staying out of work for longer."You are starting to...Reuters
Thu, Jun 26
Fed's Barkin: Tariffs won't translate evenly into the economy
Thomas Barkin, the President of the Federal Reserve Bank of Richmond, expressed caution regarding the uncertainty of how tariff increases might affect inflation in the US economy. He mentioned that recent experiences with inflation during the pandemic and its aftermath create uncertainty about howFxstreet
Thu, Jun 26
US goods trade deficit widens in May as exports fall
WASHINGTON, June 26 (Reuters) - The U.S. trade deficit in goods increased in May amid a decline in exports, but an ebbing inflow of imports likely positions trade to make a big contribution to gross domestic product in the second quarter.The goods trade gap widened 11.1% to $96.6 billion last month,...Reuters
Thu, Jun 26
Fed's Barkin sees forces that could blunt tariff inflation impact
NEW YORK, June 26 (Reuters) - Federal Reserve Bank of Richmond President Thomas Barkin cautioned Thursday it was hard to know how tariff increases will translate into inflation in the U.S. economy.“I don’t think [tariffs] would be as inflationary as a lot of people worry about” because consumers wil...Reuters
Thu, Jun 26
US durable goods orders soar in May on aircraft
WASHINGTON, June 26 (Reuters) - Orders for long-lasting U.S. manufactured goods rebounded sharply in May, boosted by a surge in commercial aircraft bookings, though economic uncertainty stemming from import tariffs remains a constraint for business spending on capital.Orders for durable goods, items...Reuters
Thu, Jun 26
Fed's Goolsbee says a "shadow" Fed chair would have no influence on policy debate - CNBC
WASHINGTON, June 26 (Reuters) - A decision by President Donald Trump to name a replacement for Fed chair Jerome Powell would have no influence on monetary policy from outside the central bank, Chicago Fed president Austan Goolsbee said on Thursday in comments to CNBC's Squawk Box. "That woul...Reuters
Thu, Jun 26
US first-quarter GDP revised lower on tepid consumer spending
WASHINGTON, June 26 (Reuters) - The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive tariffs on imported goods.Reuters
Thu, Jun 26
US first-quarter GDP contraction revised to -0.5% vs. -0.2% expected
The United States' Gross Domestic Product (GDP) contracted at an annual rate of 0.5% in the first quarter, the US Bureau of Economic Analysis (BEA) announced on Thursday. This reading came in worse than the previous estimate and the market expectation of -0.2%.Fxstreet
Thu, Jun 26
Fed's Hammack does not comment on monetary policy, economic outlook
By Michael S. DerbyNEW YORK, June 26 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack did not comment on the economic and monetary policy outlook in remarks prepared for a conference at her bank.Hammack’s comments were instead focused on community development issues.Reuters
Thu, Jun 26
Fed's Barkin says tariffs will start pushing up inflation
By Michael S. DerbyNEW YORK, June 26 (Reuters) - Federal Reserve Bank of Richmond President Thomas Barkin said Thursday tariffs are very likely to push inflation up over coming months, in remarks that said central bank policy is where it needs to be to deal with what lies ahead.“I do believe we will...Reuters
Thu, Jun 26
US: Initial Jobless Claims fell to 236K last week
US citizens filing new applications for unemployment insurance dropped to 236K for the week ending June 21, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and the previous week's revised tally of 246K (revised from 245K).Fxstreet
Thu, Jun 26
US weekly jobless claims fall but unemployment rolls swelling
WASHINGTON, June 26 (Reuters) - The number of Americans filing new applications for jobless benefits fell last week, but the unemployment rate could rise in June as more laid off people struggle to find work. Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjust...Reuters
Thu, Jun 26
US Durable Goods Orders rise 16.4% in May vs. 8.5% expected
Durable Goods Orders in the United States (US) rose by 16.4%, or $48.3 billion, in May to $343.6 billion, the US Census Bureau reported on Thursday. This reading followed a 6.6% decrease (revised from -6.3%) reported in April and came in better than the market expectation for an increase of 8.5%.Fxstreet
Thu, Jun 26
