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REFILE-TREASURIES-US yields tumble amid policy uncertainty, signs of US deceleration
Removes repeated word in fifth paragraphBy Tatiana Bautzer NEW YORK, Feb 25 (Reuters) - U.S. Treasury yields dropped on Tuesday, with the benchmark 10-year yield hitting its lowest in 10 weeks, as investors sought a refuge in bonds from signs of deceleration in the U.S. economy and persistent...Reuters
Tue, Feb 25
EXCLUSIVE-Head of Fed-watchdog task force in Congress plans broad U.S. central bank review
By Howard Schneider WASHINGTON, Feb 25 (Reuters) - The head of a new congressional panel gearing up to strengthen Capitol Hill's oversight of the Federal Reserve plans a broad review of how the U.S. central bank makes its interest rate decisions, including whether controlling inflation should...Reuters
Tue, Feb 25
US Treasury's Bessent says China needs more consumption, cannot export deflation
U.S. Treasury Secretary Scott Bessent said on Tuesday that China needs to boost domestic consumption and cannot continue to rely on manufacturing and exports for growth."We have to push back and tell them that they cannot export their deflation to the rest of the world," Bessent told an even...Reuters
Tue, Feb 25
US economy is 'brittle underneath' despite reasonable metrics, US Treasury's Bessent says
WASHINGTON, Feb 25 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday argued that the U.S. economy is more fragile under the surface than economic metrics suggest, citing interest rate volatility, sticky inflation and job growth focused on the government sector.In a wide-ranging speech at ...Reuters
Tue, Feb 25
US consumer confidence deteriorates sharply in February
WASHINGTON, Feb 25 (Reuters) - U.S. consumer confidence deteriorated at its sharpest pace in 3-1/2 years in February, with 12-month inflation expectations surging amid worries that tariffs on imports would raise prices for households.The Conference Board said on Tuesday its consumer confidence index...Reuters
Tue, Feb 25
US house prices increase strongly in December
WASHINGTON, Feb 25 (Reuters) - U.S. single-family house prices increased solidly in December, despite improving supply, which together with elevated mortgage rates will continue to erode affordability.House prices rose 0.4% on a month-on-month basis after an upwardly revised 0.4% increase in Novembe...Reuters
Tue, Feb 25
ECB's Schnabel: Subdued growth should not be taken as evidence that policy is restrictive
European Central Bank board member Isabel Schnabel argued on Tuesday that the fact that growth remains subdued cannot and should not be taken as evidence that policy is restrictive, as reported by Reuters.Fxstreet
Tue, Feb 25
Brazil's inflation index posts largest monthly rise since early 2022
Adds background, economist comments in paragraphs 3, 7-12IPCA-15 rises 1.23% in February, highest since April 2022Higher housing, education costs drive February price riseAnnual inflation rises to 4.96%, the highest since October 2023. SAO PAULO, Feb 25 (Reuters) - Brazil's IPCA-15 consumer ...Reuters
Tue, Feb 25
RPT-BREAKINGVIEWS-Apple’s $500 bln reveal has iPhone-like ring to it
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Robert Cyran NEW YORK, Feb 24 (Reuters Breakingviews) - Apple AAPL.O has mastered the art of hyping the ho-hum. The iPhone maker’s semi-regular product presentations carry on a mystique created by late founder...Reuters
Tue, Feb 25
British PM Starmer set to raise defence spending - The Sun
Adds a line on UK Sunday meeting, European background paragraph 4-6 LONDON, Feb 25 (Reuters) - Britain's Keir Starmer will set out a timeline to increase defence spending to 2.5% of GDP, The Sun newspaper reported on Tuesday, a day before the prime minister travels to meet U.S. President ...Reuters
Tue, Feb 25
South African central bank governor says trade and tax policies pose inflation risks
By Kopano Gumbi CAPE TOWN, Feb 25 (Reuters) - Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said on Tuesday.Speaking on the sidelines of a meeting of G20 finance officials in Cape Tow...Reuters
Tue, Feb 25
