News
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Foreign holdings of US Treasuries in April show modest fall from peak
By Gertrude Chavez-Dreyfuss NEW YORK, June 18 (Reuters) - Foreign investors' holdings of U.S. Treasuries showed a modest decline in April from record levels of U.S. debt, data from the Treasury Department showed on Wednesday, indicating there was not a significant sell-off even as back-and-fo...Reuters
Wed, Jun 18
Fed's Powell says central bank still has the needed data to do its work
Powell urges against aggressive government cuts to collection of economic dataData cutbacks could degrade key economic surveys, Powell warnsConcerns rise over data integrity amid government cutbacksBy Michael S. Derby June 18 (Reuters) - Federal Reserve Chair Jerome Powell made a plea on Wedn...Reuters
Wed, Jun 18
Brazil central bank raises rates by 25 bps in seventh straight hike
BRASILIA, June 18 (Reuters) - Brazil's central bank raised interest rates by 25 basis points on Wednesday, delivering a seventh consecutive hike that defied bets it would hold rates steady, as unanchored inflation expectations and a resilient economy kept policymakers on alert.The bank's rat...Reuters
Wed, Jun 18
WRAPUP 8-Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees 'meaningful' inflation ahead
Fed's benchmark overnight rate held steady in 4.25%-4.50% rangePolicymaker projections show two rate cuts still seen in 2025Year-end inflation projection higher at 3%, growth lower at 1.4%By Howard Schneider, Ann Saphir WASHINGTON, June 18 (Reuters) - The U.S. central bank held interest rates...Reuters
Wed, Jun 18
Putin says he agrees with China that tariff dispute with US should be resolved via talks
ST PETERSBURG, June 19 (Reuters) - Russian President Vladimir Putin said on Thursday that he agreed with China that Beijing's tariff disagreements with the United States should be resolved through negotiations.Putin, who said he agreed that there was a need to balance trade, was speaking in the ...Reuters
Wed, Jun 18
TREASURIES-Yields pare losses as Fed's Powell sees inflation increase
Fed's Powell expects inflation to rise over the summerConcerns about expanding Iran war boost demand for TreasuriesNew applications for unemployment benefits fell last weekBy Karen Brettell June 18 (Reuters) - U.S. Treasury yields pared earlier declines on Wednesday after Federal Reserve Chai...Reuters
Wed, Jun 18
Doubleline Capital's Gundlach Says Inflation Has Come Down - CNBC Interview
June 18 (Reuters) - DOUBLELINE CAPITAL'S GUNDLACH SAYS INFLATION HAS COME DOWN - CNBC INTERVIEWDOUBLELINE CAPITAL'S GUNDLACH SAYS IF UNEMPLOYMENT RATE GOES UP, GOING TO BE MORE LIKELY TO CUT RATES EVEN IF INFLATION RATES AT 3.5% -CNBCDOUBLELINE CAPITAL'S GUNDLACH SAYS BELIEVE THAT MORE L...Reuters
Wed, Jun 18
INSTANT VIEW-Fed holds rates steady, but slows expected pace of future cuts
NEW YORK, June 18 (Reuters) - The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administ...Reuters
Wed, Jun 18
US rate futures bolster September, October rate cut chances after Fed decision
By Gertrude Chavez-Dreyfuss NEW YORK, June 18 (Reuters) - Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds the Federal Reserve would resume cutting interest rates at the September meeting, with a roughly 64% probability.Prior to...Reuters
Wed, Jun 18
Fed's Powell says central bank still has the needed data to do its work
By Michael S. DerbyJune 18 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that amid signs of cutback in data collection, the central bank is still able to do what it needs to do. “The data we get right now, we can do our jobs. I'm not concerned that we can't do our jobs...Reuters
Wed, Jun 18
Fed's Powell says monetary policy is 'modestly restrictive'
By Michael S. DerbyJune 18 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday that monetary policy still needs to impose some restraint on the economy given where inflation stands. The current level of interest rates--the Fed's target range rests between 4.25% and 4.5%--is "...Reuters
Wed, Jun 18
Fed's Powell cautions little conviction in forecasted rate outlook
By Michael S. DerbyJune 18 (Reuters) - Federal Reserve Chairman Jerome Powell cautioned on Wednesday not to place too much stock in the central bank's interest rate forecasts, which could change based on incoming data, especially on the inflation front. On a day when the Fed reiterated its expec...Reuters
Wed, Jun 18
Fed's Powell says he expects to see more tariff-driven price hikes in coming months
WASHINGTON, June 18 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that Fed policy makers expect inflation in goods prices to go up over the course of the summer as the impact of President Donald Trump's tariffs work their way to U.S. consumers."We've had goods inflati...Reuters
Wed, Jun 18
INSTANT VIEW-Fed holds rates steady, but slows expected pace of future cuts
By Chuck Mikolajczak NEW YORK, June 18 (Reuters) - The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming...Reuters
Wed, Jun 18
WRAPUP 3-US weekly jobless claims, housing data point to softening economic activity
Weekly jobless claims fall 5,000 to 245,000Layoffs reported in a range of industries in prior weekContinuing claims decrease 6,000 to 1.945 millionSingle-family building permits drop 2.7% in MayBy Lucia Mutikani WASHINGTON, June 18 (Reuters) - The number of Americans filing new applications for u...Reuters
Wed, Jun 18
INSTANT VIEW-Fed holds rates steady, but slows expected pace of future cuts
NEW YORK, June 18 (Reuters) - The Federal Reserve held interest rates steady on Wednesday and policymakers indicated borrowing costs are still likely to fall this year, but slowed the overall pace of expected future rate cuts in the face of estimated higher inflation stemming from the Trump administ...Reuters
Wed, Jun 18
US rate futures raise odds of September easing after Fed keeps rates steady
NEW YORK, June 18 (Reuters) - Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds the Federal Reserve will resume cutting interest rates at the September meeting, with a 66% probability.That was 58% before the Fed's decision on We...Reuters
Wed, Jun 18
