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Trump knocks Fed's Powell, muses about appointing himself to lead central bank
By Jeff Mason and Susan Heavey WASHINGTON, June 18 (Reuters) - U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the role during his last term had done a poor job.Tru...Reuters
Wed, Jun 18
US crude inventories fall by most in a year, fuel stocks build, EIA says
By Liz Hampton and Arathy SomasekharDENVER, June 18 (Reuters) - U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday.Crude inventories fell by 11.5 million ba...Reuters
Wed, Jun 18
French economy to grow 0.6% this year, INSEE says
Quarterly growth rate to remain at 0.2% from Q2 onwardsManufacturing output flat, consumer spending offers modest supportInflation to average 1% due to lower power pricesPARIS, June 18 (Reuters) - France's economy is on course for sluggish growth through the whole of 2025 as weak manufacturing a...Reuters
Wed, Jun 18
US crude stocks fall, gasoline and distillate inventories rise - EIA
DENVER, June 18 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending June 13, the Energy Information Administration said on Wednesday.Crude inventories fell by 11.5 million barrels to 420.9 million barrels last week, the EIA said, compared with analyst...Reuters
Wed, Jun 18
TREASURIES-Yields fall on Iran conflict before Fed statement
Fed policymakers will update economic, rate projectionsConcerns about expanding Iran war boost demand for TreasuriesTreasury to release foreign Treasury holdings on WednesdayBy Karen Brettell June 18 (Reuters) - U.S. Treasury yields fell on Wednesday as concerns over the war in Iran boosted safe ...Reuters
Wed, Jun 18
US single-family housing starts rise in May; permits slump
WASHINGTON, June 18 (Reuters) - U.S. single-family homebuilding increased in May, but a sharp drop in permits for future construction pointed to subdued housing market conditions amid headwinds from tariffs and excess inventory of unsold homes. Single-family housing starts, which account for ...Reuters
Wed, Jun 18
US: Initial Jobless Claims dropped to 245K last week
US citizens filing new applications for unemployment insurance dropped to 245K for the week ending June 14, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and came in below the previous week's revised tally of 250K (revised from 248K).
Fxstreet
Wed, Jun 18
US weekly jobless claims fall, but still elevated
WASHINGTON, June 18 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted...Reuters
Wed, Jun 18
Mexico Q1 private spending down 0.4% from previous quarter
MEXICO CITY, June 18 (Reuters) - Mexican private spending fell 0.4% during the first quarter compared with the previous three-month period, the national statistics agency said on Wednesday.Private spending was 0.6% lower than during the same period a year earlier.Aggregate demand declined 1.1% from ...Reuters
Wed, Jun 18
EXCLUSIVE-Indian refiners cancel palm oil orders for July-Sept as prices surge
By Rajendra Jadhav MUMBAI, June 18 (Reuters) - Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade sources told Reuters.Refiners in the world's largest ...Reuters
Wed, Jun 18
