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TREASURIES-US yields advance as high inflation supports extended rate-cut pause
US 10-year yield hits three-week high US two-year yield rises to highest since mid-JanuaryUS yield curve steepens, investors continue to sell long endUS 10-year note auction shows weak resultsAdds new comment, graphic, US 10-year note auction results, updates pricesBy Gertrude Chavez-Dreyfuss NEW...Reuters
Wed, Feb 12
US posts $129 billion January deficit on calendar shifts, higher outlays
Treasury says $87 bln of February benefits shifted to JanuaryNo plans to break out Musk's DOGE savings-Treasury officialCustoms duties rose, but do not reflect Trump tariff orders Costs grow for debt interest, Social Security, Medicare grow Adds details throughout on DOGE cost cutting efforts, ...Reuters
Wed, Feb 12
Fed's Powell sees a ways to go on shrinking Fed holdings
Recasts and adds background, bank forecast changesBy Michael S. Derby NEW YORK, Feb 12 (Reuters) - Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent end to the central bank's balance sheet wind down proce...Reuters
Wed, Feb 12
WRAPUP 1-US inflation jump puts Fed officials on notice as Powell testifies
Energy, food, shelter prices increasedPowell appeared before House Financial Services CommitteeTraders pare bets on Fed cutsBy Howard Schneider WASHINGTON, Feb 12 (Reuters) - Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business execut...Reuters
Wed, Feb 12
U.S. posts $129 billion January deficit on calendar shifts, higher outlays
WASHINGTON, Feb 12 (Reuters) - The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit in January 2024 due to calendar shifts in benefit payments as well as outlays for Social Security, Medicare, interest and other items that grew...Reuters
Wed, Feb 12
Fed's Bostic: Not comfortable cutting rates again until there is more clarity on inflation, other policies
WASHINGTON, Feb 12 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Wednesday it is not clear when the Fed can cut interest rates again given uncertainty around the path of inflation and the scope of possible changes to tariff and other policies coming from the Trump administrati...Reuters
Wed, Feb 12
Fed's Powell says central bank still has access to data it needs
Refiles to add Elon Musk's first name in 4th paragraphBy Michael S. DerbyNEW YORK, Feb 12 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its work. Speaking before a House panel as the Trump administration has b...Reuters
Wed, Feb 12
Fed's Goolsbee: more CPI reports like January's would mean job on inflation not done
Feb 12 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee on Wednesday said that he did not want to read too much into the hotter-than-expected inflation reading for January, as it followed two earlier months of more encouraging data.But in an interview with the New York Times he sai...Reuters
Wed, Feb 12
BREAKINGVIEWS-Sticky inflation is a quagmire for tariff plans
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.By Gabriel Rubin WASHINGTON, Feb 12 (Reuters Breakingviews) - The U.S. economy is still running too hot for comfort. Prices rose in January by 0.5% from the prior month, nudging the annual increase up to the psyc...Reuters
Wed, Feb 12
WRAPUP 2-US consumer inflation increases at fastest pace in nearly 1-1/2 years in January
Adds details from report, analyst comments throughoutConsumer prices increase 0.5% in JanuaryShelter, food, gasoline lead broad rise in pricesConsumer price index rises 3.0% year-on-yearCore CPI gains 0.4%; advances 3.3% year-on-yearBy Lucia Mutikani WASHINGTON, Feb 12 (Reuters) - U.S. consumer p...Reuters
Wed, Feb 12
Fed's Powell: Will alert Congress if Musk associates seek access
By Michael S. DerbyNEW YORK, Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell said Wednesday Elon Musk's associates charged with promoting government efficiency have not approached the Fed for access to its systems. Powell, speaking before a House panel, said he would alert Congress if acc...Reuters
Wed, Feb 12
Powell cautions about reading too much into hot CPI reading
Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell cautioned against reading too much into data on Wednesday showing the largest acceleration in the Consumer Price Index in more than a year, while acknowledging it was substantially above forecasts."The CPI reading was above almost every fore...Reuters
Wed, Feb 12
Fed's Powell says central bank still has access to data it needs
NEW YORK, Feb 12 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its work. Speaking before a House panel as the Trump Administration has been stripping government websites from various data sets, Powell he wasn'...Reuters
Wed, Feb 12
Fed's Bostic: labor is good, but inflation still needs monitoring
Federal Reserve (Fed) Bank of Atlanta President added his own soundbites to the noise machine of Fed headlines on Wednesday, noting that despite still-strong labor figures, US inflation continues to remain a sticking point, especially after US Consumer Price Index (CPI) inflation figures ticked higher in January.Fxstreet
Wed, Feb 12
