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Lack of plan for Hormuz Strait closure 'frustrating', says UK finance minister Reeves
MADRID, March 18 (Reuters) - The lack of a plan from the United States and Israel to deal with the partial closure of the Strait of Hormuz by Iran was "frustrating", Britain's Chancellor Rachel Reeves said on Wednesday."It is frustrating that there doesn't seem to be a plan for w...Reuters
Wed, Mar 18
US drivers face long-term pain at pump, analysts say; Trump bets they are wrong
US EIA lifts forecast for average 2026 crude price by 37%EIA's average gasoline price estimate for 2026 is up 15%US pump price of $3.79/gallon is up from $2.92 a month agoBy Jarrett Renshaw March 18 (Reuters) - President Donald Trump and congressional Republicans are betting the oil-price sho...Reuters
Wed, Mar 18
TREASURIES-US yields edge higher after hotter-than-expected producer prices data
March 18 (Reuters) - U.S. Treasury yields drifted higher on Wednesday after stronger-than-expected producer price data underscored persistent inflation pressures, bolstering expectations that the Federal Reserve will delay interest rate cuts.The U.S. Producer Price Index for final demand surged 0.7%...Reuters
Wed, Mar 18
US headline Producer Prices rose by 3.4% YoY in February
US Producer Prices rose 3.4% in February from a year earlier, according to the latest figures from the Bureau of Labour Statistics (BLS). The print came in well above estimates (2.9%) and the 2.9% gain recorded in the previous month.Fxstreet
Wed, Mar 18
US February PPI Surges Across the Board, Inflation Pressures Rise Again, Rate Expectations May Reprice
TradingKey - U.S. inflationary pressures are showing signs of heating up again. The latest data from the U.S. Labor Department shows that the February Producer Price Index (PPI) rose across the board and exceeded expectations, reinforcing market concerns over sticky inflation.TradingKey
Wed, Mar 18
US producer prices surge in February on services
WASHINGTON, March 18 (Reuters) - U.S. producer prices increased more than expected in February, and could accelerate further as the war in the Middle East boosts oil prices and the import pass-through persists. The Producer Price Index for final demand surged 0.7% last month, lifted by services,...Reuters
Wed, Mar 18
Fed's Treasury bill buying on track to moderate, amid work to rejigger bond holdings
Fed buying bills to manage short- and long-term balance sheet issuesFed on track to moderate monthly level of Treasury bill buyingEffort to shorten maturity of Fed holdings will take some time By Michael S. Derby March 18 (Reuters) - The Federal Reserve’s work to manage challenges around its bala...Reuters
Wed, Mar 18
INDIA BONDS-Rupee rout weighs on Indian bonds; Fed outcome looms
By Khushi Malhotra MUMBAI, March 18 (Reuters) - Indian government bonds fell for a fifth straight session on Wednesday, as the rupee sank to another record low, sapping risk appetite ahead of the U.S. Federal Reserve's rate decision. The local currency hit a fresh low of 92.63 per dollar, ...Reuters
Wed, Mar 18
US to sell oil and gas leases in Alaska petroleum reserve for first time since 2019
March 18 (Reuters) - The U.S. government on Wednesday will hold a sale of oil and gas drilling rights in Alaska's National Petroleum Reserve for the first time since 2019, the latest test of the industry's appetite for acreage in the state.The Interior Department's Bureau of Land Managem...Reuters
Wed, Mar 18
