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Trump's CEA chair pick Miran says deregulation will lower prices
Feb 27 (Reuters) - President Donald Trump's pick to chair his Council of Economic Advisors, Stephen Miran, on Thursday said he believes that deregulation could be an effective way to bring down inflation."I agree removing barriers to the abilities of firms to produce will get them to produce...Reuters
Thu, Feb 27
G20 should not backtrack on global tax deal, Italy says
Adds details and background ROME, Feb 27 (Reuters) - Italy urged that there be no backtracking on a major international taxation agreement at the G20 talks in South Africa, Economy Minister Giancarlo Giorgetti said on Thursday, adding that unilateral approaches would discourage investment.U.S. Pr...Reuters
Thu, Feb 27
POLL-ECB to cut rates again on March 6 as focus turns to growth
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBD%3DECI ECB deposit rate forecastsreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=EUECBR%3DECI ECB refi rate forecastsreuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=EUGDPQAP GDP foreca...Reuters
Thu, Feb 27
US President Donald Trump: Canada, Mexico tariffs coming March 4
United States (US) President Donald Trump hit social media on Thursday, taking to the streets of X (nee Twitter) to inform global markets that his planned 25% tariff package aimed at Mexico and Canada will now be coming into effect on March 4, rather than the April 2 date he reaffirmed just hours earlier.Fxstreet
Thu, Feb 27
US pending home sales tumble to record low in January
WASHINGTON, Feb 27 (Reuters) - Contracts to buy U.S. previously owned homes plunged to a record low in January as higher mortgage rates and house prices reduced affordability for prospective buyers.The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on sig...Reuters
Thu, Feb 27
Fed's Schmid: Uncertainty might also weigh on growth
Kansas City Federal Reserve President Jeff Schmid said on Thursday that recent surveys indicating a rise in consumer inflation expectations showed the central bank must stay focused on fully containing price pressures, noting it was a growing and potentially troubling concern for policymakers.Fxstreet
Thu, Feb 27
REFILE-TREASURIES-Yields on U.S. Treasury notes rise after GDP revision, jobless claims data
Adds dropped word in first paragraph, adds dateline and reporting creditNEW YORK, Feb 27 (Reuters) - The yield rose on benchmark 10-yr U.S. Treasury notes after the release of GDP and jobless claims data. The 10-year yield was last up 3.6 basis points at 4.285%.Yields on the two-year note, that usua...Reuters
Thu, Feb 27
US economic growth slows in fourth quarter
WASHINGTON, Feb 27 (Reuters) - U.S. economic growth slowed in the fourth quarter, the government confirmed on Thursday, and the loss of momentum appears to have persisted early this quarter amid cold temperatures and concerns that tariffs will hurt spending through higher prices.Gross domestic produ...Reuters
Thu, Feb 27
Austrian centrist parties reach deal to govern without far right
Agreement was among few alternatives to snap electionPolls suggest far right would have increased share of voteThree parties pledge to shrink deficit, slow immigrationMinisters not yet named, smallest party must hold voteAdds parties' comments, paragraphs 3, 16-18, coalition details, paragraphs ...Reuters
Thu, Feb 27
Rise in US inflation expectations means Fed has to stay on guard, Schmid says
By Howard SchneiderWASHINGTON, Feb 27 (Reuters) - Recent surveys showing a rise in consumer inflation expectations mean the U.S. central bank needs to keep its focus on ensuring price pressures are fully contained, Kansas City Federal Reserve President Jeff Schmid said on Thursday, highlighting a gr...Reuters
Thu, Feb 27
US core capital goods orders beat expectations in January
WASHINGTON, Feb 27 (Reuters) - New orders for key U.S.-manufactured capital goods surged in January, hinting at a rebound in business spending on equipment in the first quarter.Non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 0.8% af...Reuters
Thu, Feb 27
US weekly jobless claims rise more than expected
WASHINGTON, Feb 27 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more than expected last week, but that likely does not signal a material shift in labor market conditions.Initial claims for state unemployment benefits jumped 22,000 to a seasonally ad...Reuters
Thu, Feb 27
