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ANALYSIS-Brazil's finance minister isolated as market fears of a leftist pivot mount
Haddad loses main ally after Lula cabinet shuffleKey new minister supports state-driven stimulusFinance minister remains committed to his role, source saysBy Marcela Ayres, Lisandra Paraguassu, Bernardo Caram, Paula Arend Laier BRASILIA, Feb 28 (Reuters) - Brazil's latest cabinet shuffle has ...Reuters
Fri, Feb 28
US CFPB drops enforcement action against TransUnion
Adds CFPB decision on MoneyLion in paragraphs 2-3 & 5 Feb 28 (Reuters) - The U.S. Consumer Financial Protection Bureau on Friday dropped an enforcement action against the consumer credit bureau TransUnion TRU.N, adding to the embattled agency's mass dismissal of cases against financial co...Reuters
Fri, Feb 28
WRAPUP 2-US consumer spending posts first drop in almost two years
Recasts throughout with details from reports, analyst comments, adds graphicsConsumer spending drops 0.2% in JanuaryPCE price index increases 0.3%; up 2.5% year-on-yearCore PCE inflation rises 0.3%; gains 2.6% year-on-yearGoods trade deficit jumps 25.6% to record $153.3 billionBy Lucia Mutikani ...Reuters
Fri, Feb 28
Med crude-Urals diffs steady, resumption of Kurdish exports in question
MOSCOW, Feb 28 (Reuters) - Urals crude differentials were steady again on Friday, while Iraq and foreign oil firms made conflicting statements on Kurdish oil exports resumption.Eight international oil firms operating in Iraq's semi-autonomous Kurdistan region said they would not resume oil expor...Reuters
Fri, Feb 28
ECB's multi-trillion payments breakdown sends shudders through Europe
ECB admits 'adverse consequences' from outageBundesbank says some wages, social security payments delayedECB rules out foul play, cites hardware faultAdds comment from Swiss stock exchange and bankers association, paragraphs 8-9By Tom Sims, Francesco Canepa and John O'Donnell FRANKFUR...Reuters
Fri, Feb 28
TREASURIES-US yields drop as key inflation gauge cools, spending falls
Adds quote, details on economic data, background on Fed policy throughoutFed likely to cut rates twice this year, markets suggestDrop in consumer spending indicates economy cooling Bond rally driven by weak consumer confidence and economic dataBy Gertrude Chavez-Dreyfuss, Tatiana Bautzer NEW YORK...Reuters
Fri, Feb 28
US CFPB drops enforcement action against Trans Union
Feb 28 (Reuters) - The U.S. Consume Financial Protection Bureau on Friday dropped an enforcement action against the consumer credit bureau Trans Union TRU.N, adding to the embattled agency's mass dismissal of cases against financial companies accused of cheating consumers.The CFPB had brought th...Reuters
Fri, Feb 28
Inflation, growth may be in conflict but Fed seen restarting cuts in June
Inflation slowed but progress has been slowDrop in consumer spending flags growth concernsComing policy choice could be tough for the FedRecasts, updates throughoutBy Ann Saphir and Howard Schneider Feb 28 (Reuters) - New data may point to emerging tension between the U.S. Federal Reserve's d...Reuters
Fri, Feb 28
Markets price in 50% chance of four ECB cuts in 2025 on weak economy
Updates pricesBy Stefano Rebaudo and Harry Robertson Feb 28 (Reuters) - German short-dated yields fell to a 10-week low on Friday as traders increased their bets on rate cuts on the back of weak data, but later recovered ground as investors digested slightly stronger German inflation figures.Data...Reuters
Fri, Feb 28
RPT-EXCLUSIVE-Fed's Hammack eyes steady balance sheet cuts amid US government financial uncertainty
Repeats for wider distribution, no changes to textFed's Hammack says balance sheet drawdown likely to continue despite government finance uncertaintyHammack says Fed can manage liquidity issues with temporary operations if neededHammack says a rate hike isn't in her base caseBy Michael S. De...Reuters
Fri, Feb 28
Italy says defence spending hikes should also aim to boost growth
ROME, Feb 28 (Reuters) - Any increase in national defence spending should also be aimed at boosting economic growth, Italian Economy Minister Giancarlo Giorgetti said on Friday, as European states grapple with U.S. pressure to shoulder the costs of their own security.Highly indebted Italy is project...Reuters
Fri, Feb 28
INSTANT VIEW-January PCE inflation no surprise, cools year on year
Adds quotesFeb 28 (Reuters) - The U.S. Commerce Department's Personal Consumption Expenditures (PCE) price index increased 0.3% in January after advancing by an unrevised 0.3% in December, data showed on Friday. Economists had expected the PCE price index to climb 0.3%. In the year through Ja...Reuters
Fri, Feb 28
Markets price in 50% chance of four ECB cuts in 2025 on weak economy
Updates in afternoon trading in EuropeBy Stefano Rebaudo and Harry Robertson Feb 28 (Reuters) - German short-dated yields fell to a 10-week low on Friday as traders increased their bets on rate cuts on the back of weak data, but later recovered ground as investors digested slightly stronger Germa...Reuters
Fri, Feb 28
