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US tariffs, tax hikes to depress UK growth this year and next, CBI forecasts show
CBI chops UK 2026 growth forecast to 1.0% from 1.5% beforeCBI cuts UK 2025 growth estimate to 1.2% from 1.6% beforeUS tariffs pose a modest headwind to UK output LONDON, June 18 (Reuters) - One of Britain's leading business groups on Wednesday slashed its forecast for economic growth in 2025 ...Reuters
Tue, Jun 17
Forecaster says US House version of Trump bill to cost $2.8 trillion despite economic gains
CBO report contradicts Republican claims of reduced deficit Thune says Senate revisions will make America more prosperous CBO estimates full deficit increase at $3.4 trillionBy David Morgan WASHINGTON, June 17 (Reuters) - President Donald Trump's sweeping tax-cut and spending bill would lead ...Reuters
Tue, Jun 17
TREASURIES-Yields fall as US tensions with Iran escalate
US, Iran tensions boost safe-haven demand for TreasuriesFed will update economic and interest rate projections on WednesdayTreasury sees strong demand for $23 billion in 5-year TIPS By Karen Brettell June 17 (Reuters) - U.S. Treasury yields fell on Tuesday as concerns about escalating tensions be...Reuters
Tue, Jun 17
US five-year TIPS supply sold to strong demand amid mounting Mideast unrest
Bid-to-cover ratio hits highest since April 2024Indirect bidders rise, suggesting higher foreign demandDealers take in 6.5% of issue, lowest uptake in a yearBy Gertrude Chavez-Dreyfuss NEW YORK, June 17 (Reuters) - The Treasury's sale of $23 billion in reopened U.S. five-year Treasury Inflati...Reuters
Tue, Jun 17
REFILE-US Treasury five-year TIPS supply draws strong demand
NEW YORK, June 17 (Reuters) - The Treasury's sale of $23 billion in reopened U.S. five-year Treasury Inflation-Protected Securities (TIPS) showed strong demand on Tuesday, as investors worried about inflation given the recent escalation in geopolitical tensions in the Middle East.The auction pri...Reuters
Tue, Jun 17
Portugal commits to four years of budget surpluses despite uncertainty
LISBON, June 17 (Reuters) - Portugal will maintain budget surpluses in each of the next four years and cut its public debt ratio despite high uncertainty over geopolitical and trade tensions, Finance Minister Joaquim Miranda Sarmento said on Tuesday.During a parliamentary debate on the centre-right ...Reuters
Tue, Jun 17
WRAPUP 2-Weak US retail sales, manufacturing output point to softening economy
Retail sales fall 0.9% in May; second straight monthly drop Core retail sales increase 0.4%; April data revised upManufacturing production edges up 0.1% on motor vehiclesImport prices flat; weak dollar lifts core import inflation By Lucia Mutikani WASHINGTON, June 17 (Reuters) - U.S. retail sale...Reuters
Tue, Jun 17
Suspected Israeli hackers claim to destroy data at Iran's Bank Sepah
By AJ Vicens and James Pearson June 17 (Reuters) - An anti-Iranian government hacking group with potential ties to Israel and a track record of destructive cyberattacks on Iran claimed in social media posts on Tuesday that it had destroyed data at Iran’s state-owned Bank Sepah.The group — known a...Reuters
Tue, Jun 17
ECB needs to show 'agile pragmatism' amid Israel-Iran war, Villeroy says
By Yoruk Bahceli and Marc JonesLONDON, June 17 (Reuters) - The European Central Bank needs to be even more agile with its interest rate policy following the eruption of the Israel-Iran air war, France's central bank governor Francois Villeroy de Galhau said on Tuesday.Villeroy said the ECB was c...Reuters
Tue, Jun 17
Euro zone yields edge up amid uncertainty over Middle East conflict
By Stefano Rebaudo June 17 (Reuters) - Euro zone government bond yields edged up on Tuesday with high levels of uncertainty over the conflict in the Middle East.Investors were also awaiting the outcome of the Federal Reserve policy meeting later this week.U.S. President Donald Trump said he wante...Reuters
Tue, Jun 17
Israel-Iran war ramping up uncertainty, ECB's Villeroy says
LONDON, June 17 (Reuters) - The Europe Central Bank needs to be even more agile with its interest rate policy following the eruption of the war between Israel and Iran, France's central bank governor Francois Villeroy de Galhau said on Tuesday.Villeroy said the ECB was currently "in a good p...Reuters
Tue, Jun 17
Fed policymakers meet as new data raises growth concerns, geopolitical risks rise
US retail sales, industrial production fall in MayNew Middle East tensions add to uncertaintyOutcome of tariff shock remains unclearBy Howard Schneider WASHINGTON, June 17 (Reuters) - Federal Reserve officials met on Tuesday armed with new economic data that could give more weight to their co...Reuters
Tue, Jun 17
ECB’s Villeroy: Should incorporate Euro appreciation into our policy decision
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday that they are in a good position on interest rate policy but noted that there is now more uncertainty following the Iran-Israel conflict.
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Tue, Jun 17
US Transportation chief wants civil aviation to return to zero tariffs
By Joe Brock and David Shepardson PARIS/WASHINGTON, June 17 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Tuesday that he wanted civil aviation to return to a 1979 zero-tariff trade agreement but noted it is part of broader trade talks.Speaking at the Paris Airshow, Duffy said the ...Reuters
Tue, Jun 17
TREASURIES-Longer-dated US yields dip, Fed's rate outlook in focus
Fed will update economic and interest rate projections on WednesdayConsumer spending declined in MayTreasury to sell $23 billion in 5-year TIPS By Karen Brettell June 17 (Reuters) - U.S. Treasury yields fell on Tuesday, a day before the Federal Reserve is due to update its economic and interest r...Reuters
Tue, Jun 17
