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Australia’s monthly CPI inflation eases to 2.1% YoY in May vs. 2.3% expected
Australia’s monthly Consumer Price Index (CPI) eased to 2.1% in the year to May, compared to a 2.4% rise seen in April, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.Fxstreet
Wed, Jun 25
BOJ board divided over rate pause and inflation risks, June summary shows
Some called for keeping rates steady due to US trade uncertaintySome saw domestic inflation moving higher than expectedOne called for BOJ to hike rates 'decisively', summary showsBOJ kept rates steady at 0.5% at June meetingBy Leika Kihara TOKYO, June 25 (Reuters) - Some Bank of Japan pol...Reuters
Wed, Jun 25
Trump pushes Congress to pass his 'big beautiful bill' as debate clouds path forward
Senate Republicans split over spending cuts, social programs Trump says no to lawmakers' vacation until bill passesSenate parliamentarian's opinions alarm House hardlinersBy David Morgan WASHINGTON, June 24 (Reuters) - President Donald Trump urged fellow Republicans in the U.S. Senate on ...Reuters
Wed, Jun 25
Fed's Schmid says there is time to study tariff effects before rate cuts
By Howard SchneiderWASHINGTON, June 24 (Reuters) - The U.S. Federal Reserve has time to study the effect of rising import tariffs on prices and economic growth before deciding on further interest rate cuts, Kansas City Fed President Jeff Schmid said on Tuesday."The current posture of monetary po...Reuters
Wed, Jun 25
US strikes only set back Iran’s nuclear program by months - Reuters
A US intelligence report suggested that US strikes over the weekend on Iranian nuclear facilities have set back Tehran's program by only a matter of months and it was not “completely and fully obliterated” as US President Donald Trump has said, three sources with knowledge of the matter told ReutersFxstreet
Tue, Jun 24
UK to purchase fighter jets capable of carrying tactical nuclear weapons
UK to buy F-35A fighter jets from Lockheed MartinThe move will provide second pillar of UK nuclear deterrent PM Starmer cites threat from growing global instability By Andrew MacAskill THE HAGUE, June 24 (Reuters) - The British government said on Tuesday that it would purchase a dozen F-35A fi...Reuters
Tue, Jun 24
TREASURIES-US yields fall with weaker consumer confidence and oil market selloff
Investors optimistic about potential rate cuts later this year after Powell's commentsAlthough fragile, Israel-Iran ceasefire pushes oil prices lowerDemand at $69 billion two-year notes auction tepid, with high primary dealers stake By Tatiana Bautzer, Davide Barbuscia NEW YORK, June 24 (Reut...Reuters
Tue, Jun 24
US bond market braces for surge in Treasury supply in second half
Debt ceiling resolution to lead to more US borrowings in 2025Issuance to focus on shorter-dated debt, impacting repo ratesMoney market funds may absorb some Treasury supplyBy Gertrude Chavez-Dreyfuss BOSTON, June 24 (Reuters) - The bond market is bracing for up to $1 trillion of additional U.S. T...Reuters
Tue, Jun 24
US first-quarter foreign direct investment falls sharply amid tariff uncertainty
Second-lowest quarterly FDI inflow since COVID-19 pandemic easedInvestment drop could reverse as announced projects get underwayQuarterly FDI data is inherently volatile, economist saysBy David Lawder WASHINGTON, June 24 (Reuters) - Foreign direct investment into the U.S. fell sharply in the firs...Reuters
Tue, Jun 24
Fed's Barr: inflation to rise, may see some persistence
June 24 (Reuters) - Higher import levies will put upward pressure on prices that may not prove temporary, Federal Reserve Governor Michael Barr said on Tuesday in remarks that suggest he is in no rush to cut interest rates despite what he called "gradual, albeit uneven" progress toward 2% i...Reuters
Tue, Jun 24
Fed in wait and see mode amid tariff uncertainty, Kashkari says
Fed is taking its time to get more clarity on tariff impactKashkari notes strong US economy fundamentals, tariff nervousnessPlausible that Fed could cut rates if labor market tanks, but not a forecast: KashkariJune 24 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday sa...Reuters
Tue, Jun 24
US equipment borrowings dip in May, ELFA says
June 24 (Reuters) - U.S. companies borrowed 3.7% less to finance equipment investments in May compared with the same period a year ago, the Equipment Leasing and Finance Association said on Tuesday."The slow bite of tariffs may still emerge this summer, and conflict abroad could impact energy pr...Reuters
Tue, Jun 24
