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US manufacturers face growing headwinds from trade tensions
U.S. manufacturing expanded in January for first time in two yearsTariffs create uncertainty for U.S. manufacturers' investment plansMetals tariffs can help millers but cost companies that use raw materialsBy Timothy Aeppel Feb 12 (Reuters) - Austin Ramirez until recently planned to build a n...Reuters
Wed, Feb 12
Fed's Powell says good productivity could lift GDP to sustained 2% gains
NEW YORK, Feb 12 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday robust productivity levels could help keep U.S. growth strong. Noting half a decade of good productivity gains, Powell told a house panel that sustainable overall growth rates of 2% are now possible to achieve.Reuters
Wed, Feb 12
German Bund yields rise after US data, Fed, tariffs still in focus
By Stefano Rebaudo Feb 12 (Reuters) - German government bond yields rose by over 10 bps in the last two days as Federal Reserve Chair Jerome Powell said the central bank is not in a rush to cut interest rates, and U.S. data supported expectations for a pause in the monetary easing cycle.U.S. cons...Reuters
Wed, Feb 12
Fed's Powell heads back to Congress as data shows inflation jump in January
Energy, food, shelter prices increasedPowell appears before House Financial Services CommitteeTraders pare bets on Fed cutsAdds Powell comments in paragraphs 2-3By Howard Schneider WASHINGTON, Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in...Reuters
Wed, Feb 12
TREASURIES-US yields leap as strong inflation affirms 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 endAdds new comment, bullets, updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Feb 12 (Reuters) - U.S. Treasury yields bounced on Wednesday after i...Reuters
Wed, Feb 12
Time to move on leverage ratio for large banks, Powell says
Feb 12 (Reuters) - It is time for the Federal Reserve to act on easing the enhanced leverage requirement for the largest U.S. banks in order to allow those institutions to be more active participants in the U.S. Treasury market, Fed Chair Jerome Powell said on Wednesday.Reuters
Wed, Feb 12
US crude stockpiles build on ongoing refinery maintenance, EIA says
Adds analyst comment, data from reportBy Liz Hampton and Arathy SomasekharDENVER, Feb 12 (Reuters) - U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday.Crude inve...Reuters
Wed, Feb 12
Fed's Powell says inflation lower but still working toward target
By Michael S. Derby NEW YORK, Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell said inflation data released Wednesday highlights unfinished business on getting inflation back to the 2% target. "We've made great progress" getting inflation back to the goal "but we are not qui...Reuters
Wed, Feb 12
Fed's Powell sees a ways to go on shrinking Fed holdings
By Michael S. DerbyNEW YORK, Feb 12 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday reiterated he sees no imminent reason to stop the central bank’s balance sheet contraction process, commonly referred to as quantitative tightening. “I think we have a ways to go” on reducing the size of...Reuters
Wed, Feb 12
Unemployment dips in Latin America in 2024, but inequality gap grows, ILO says
By Marco AquinoLIMA, Feb 12 (Reuters) - Unemployment in Latin America and the Caribbean likely fell in 2024, but the inequality gap continued to widen, the International Labour Organization (ILO) said in a report on Tuesday.WHY IT'S IMPORTANT Despite a reduction in unemployment, the persistent i...Reuters
Wed, Feb 12
Ukraine calls for help on gas imports after Russian missile strikes
Adds energy ministry comments in paragraphs 1-3, Bessent visit in paragraph 10-11By Pavel Polityuk KYIV, Feb 12 (Reuters) - Ukraine called on its allies on Wednesday to help it import more natural gas as it moved to increase gas imports by a third to 22.6 million cubic meters following a series o...Reuters
Wed, Feb 12
INSTANT VIEW-Hot Jan US CPI surprise argues for Fed staying in neutral
Adds quotesFeb 12 (Reuters) - The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.The CPI jumped 0.5% last month after gaining 0.4% in De...Reuters
Wed, Feb 12
Fed's Powell heads back to Congress as data shows inflation jump in January
By Howard Schneider WASHINGTON, Feb 12 (Reuters) - U.S. consumer prices rose faster than expected in January in a sign progress on inflation may remain stalled, data showed on Wednesday, as Federal Reserve Chair Jerome Powell heads to the U.S. Congress for a second day of testimony.Rising prices ...Reuters
Wed, Feb 12
Senegal's dollar bonds slide after audit report confirms larger govt debt
LONDON, Feb 12 (Reuters) - Senegal's sovereign dollar bonds slid more than 1.5 cents on Wednesday after a long-awaited audit report confirmed larger-than-reported government debt. The 2033 dollar-denominated maturity led the losses, shedding more than 2 cents to be bid at 80.00 on the dollar by ...Reuters
Wed, Feb 12
TREASURIES-US yields rise as stronger-than-expected inflation data points to rate-cut pause
Adds details, analyst comment, updates pricesBy Gertrude Chavez-DreyfussNEW YORK, Feb 12 (Reuters) - U.S. Treasury yields spiked on Wednesday after inflation in the world's largest economy came in stronger than expected last month, suggesting the Federal Reserve will likely pause its rate-cuttin...Reuters
Wed, Feb 12
INSTANT VIEW-Hot Jan US CPI surprise argues for Fed staying in neutral
Adds quotesFeb 12 (Reuters) - The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.The CPI jumped 0.5% last month after gaining 0.4% in De...Reuters
Wed, Feb 12
INSTANT VIEW-Hot Jan US CPI surprise hurts case for Fed ease soon
Feb 12 (Reuters) - The U.S. consumer price index increased more than expected in January, reinforcing the Federal Reserve's message that it was in no rush to resume cutting interest rates amid growing uncertainty over the economy.The CPI jumped 0.5% last month after gaining 0.4% in December, the...Reuters
Wed, Feb 12
Trump says lower interest rates would go hand-in-hand with tariffs
Adds inflation and interest rate predictions, new inflation data, paragraphs 1-8 Feb 12 (Reuters) - President Donald Trump on Wednesday said that interest rates should be lowered and that would go "hand in hand" with his upcoming tariffs, despite economists' expectations that tariffs ...Reuters
Wed, Feb 12
TREASURIES-US yields jump after hotter-than-expected inflation data
NEW YORK, Feb 12 (Reuters) - U.S. Treasury yields spiked on Wednesday after inflation in the world's largest economy came in hotter-than-expected last month, suggesting the Federal Reserve will likely pause its rate-cutting cycle for an extended period.Data showed the consumer price index rose 3...Reuters
Wed, Feb 12
