News
Important Only
Fed to wait for months on next rate cut as tariffs risk inflation flare up
Faced with the threat of rising inflation, the U.S. Federal Reserve will wait until next quarter before cutting rates again, according to a majority of economists in a Reuters poll who previously expected a March cut.Reuters
Tue, Feb 11
US President Donald Trump signs off on 25% tariffs on steel and aluminum
US President Donald Trump kicked off the next leg of his ongoing trade war spat with functionally all of the US' closest trading partners and allies, imposing a sweeping 25% tariff on all steel and aluminum imports into the US.Fxstreet
Mon, Feb 10
TREASURIES-US yields mixed ahead of debt supply, Powell's Congress appearance
Trump comments may limit demand at auctionsPowell on tap for testimony in CongressFocus on inflation numbers, retail salesRewrites throughout, adds new comment, updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Feb 10 (Reuters) - U.S. Treasury yields were mixed on Monday, with those on the long...Reuters
Mon, Feb 10
IMF urges Morocco to target inflation, expand tax base
RABAT, Feb 10 (Reuters) - The International Monetary Fund has urged Morocco's central bank to adopt an inflation-targeting framework and the government to further expand the tax base to continue to its financial reforms and cut the country's debt.Inflation slowed to 0.9% in 2024 from 6.1% a ...Reuters
Mon, Feb 10
NY Fed finds mostly stable inflation expectations in January
NY Fed finds stable near-term inflation expectations in JanuaryNY Fed notes public expects to moderate future spendingNY Fed finds more concern over personal financial situationAdds chart, details on surveyBy Michael S. Derby NEW YORK, Feb 10 (Reuters) - The U.S. public’s near-term inflation expe...Reuters
Mon, Feb 10
ECB's Lagarde: Conditions for a recovery remain in place
European Central Bank (ECB) President Christine Lagarde noted during Monday's US market session that risks to inflation exist on both sides of the line, and reminded markets that European inflation metrics should return to the ECB's target range sometime this year.Fxstreet
Mon, Feb 10
GRAPHIC-Gold bulls lock in on glittering milestone; $3,000/oz in sight
Bullion hits record high at $2,911.30/oz WGC estimates central bank demand jumped 54% y/y in Q4, 2024London gold stocks fell by 1.7% m/m in JanuaryBy Ashitha Shivaprasad and Daksh Grover Feb 10 (Reuters) - U.S. President Donald Trump's latest tariff threats have ignited another gold rush, pro...Reuters
Mon, Feb 10
Brazil beef, chicken exports set record for January
SAO PAULO, Feb 10 (Reuters) - Beef and chicken exports from Brazil for January registered the best result since records began, data from industry groups showed on Monday. WHY IT'S IMPORTANT Brazil is the world's largest exporter of beef and chicken and home to some of the industry's larg...Reuters
Mon, Feb 10
TREASURIES-US yields dip as Trump's 'fraud' remarks fuel caution on auctions this week
Trump comments may limit demand at auctionsPowell on tap for testimony in CongressFocus also on inflation numbers, retail salesAdds new analyst comment, NEW YORK dateline; updates pricesBy Gertrude Chavez-Dreyfuss and Amanda Cooper NEW YORK/LONDON, Feb 10 (Reuters) - U.S. Treasury yields drifted ...Reuters
Mon, Feb 10
NY Fed finds mostly stable inflation expectations in January
By Michael S. Derby NEW YORK, Feb 10 (Reuters) - The U.S. public’s near-term inflation expectations were largely stable in January, a Federal Reserve Bank of New York report found, as respondents to the survey also predicted a notable pullback in future spending. The expected level of inflation a...Reuters
Mon, Feb 10
BRIEF-Fitch Says Threat, Uncertainty of U.S. Tariffs Pose Risks to Mexico
Feb 10 (Reuters) - Fitch Ratings:THREAT AND UNCERTAINTY OF US TARIFFS BOTH POSE RISKS TO MEXICOIF IMPLEMENTED, ACROSS BOARD 25% U.S. TARIFF WOULD HAVE MUCH LARGER IMPACT, LIKELY CAUSING A RECESSION IN MEXICO IN 202525% US TARIFF ON ALL MEXICAN IMPORTS HIGHLIGHTS TRADE RISKS FOR MEXICO THAT ARE SIGNI...Reuters
Mon, Feb 10
FACTBOX-Brokerages still expect slower pace of Fed rate cuts after payrolls data
Updates with brokerage forecasts after NFP data Feb 10 (Reuters) - Most brokerages still expect a slower pace of interest-rate cuts from the U.S. Federal Reserve in 2025, following tepid jobs data on Friday and ongoing uncertainty around President Donald Trump's tariff policy.U.S. job growth ...Reuters
Mon, Feb 10
Brazil's auto production, sales down in January
SAO PAULO, Feb 10 (Reuters) - Brazil's auto production fell 7.7% in January from December to 175,541 units, automakers association Anfavea said on Monday.Vehicle sales in Latin America's largest economy were down 33.5% month-on-month to 171,248 units, it added.Despite the month-on-month drop...Reuters
Mon, Feb 10
India has 'enormously high' tariffs, White House economic adviser Hassett says
WASHINGTON, Feb 10 (Reuters) - India has "enormously high" tariffs that lock out imports, U.S. President Donald Trump's top economic adviser Kevin Hassett said on Monday, adding that Indian Prime Minister Narendra Modi had a lot to discuss with Trump when the two leaders meet soon.Trump ...Reuters
Mon, Feb 10
Bank of Mexico's governor says inflation fight enters new phase
By Anthony Esposito MEXICO CITY, Feb 10 (Reuters) - Mexico's inflationary environment is expected to allow policymakers to keep cutting the benchmark interest rate, the head of the Bank of Mexico told Reuters, as the fight to bring down inflation has entered a new phase.Banxico, as the Mexica...Reuters
Mon, Feb 10
