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Fed's Harker: Amid uncertainty, the Fed must wait and see on next policy steps
Federal Reserve (Fed) Bank of Philadelphia President Patrick Harker added his own perspective to comments from other Fed officials earlier in the day, noting that whiplash trade policies from the Trump administration are making it difficult for Fed officials to move on policy rates.Fxstreet
Thu, Jun 5
Fed's Harker says its time for caution on monetary policy amid uncertainty
By Michael S. DerbyJune 5 (Reuters) - In his final speech as a central banker, Philadelphia Federal Reserve President Patrick Harker said on Thursday the economic outlook is too unsettled right now to say what's next for monetary policy."America's economy remains resilient," Harker s...Reuters
Thu, Jun 5
Fed's Schmid: uncomfortable with looking through tariff-driven price push
June 5 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid on Thursday expressed concern that tariffs could rekindle inflation, saying upward price pressure could be apparent in coming months but not fully known for much longer.The comments show Schmid is likely inclined to hold the F...Reuters
Thu, Jun 5
Fed's Kugler: Watching key employment sectors for effects of lower immigration
June 5 (Reuters) - Federal Reserve Governor Adriana Kugler on Thursday said she expects reductions in net immigration to the U.S. to make the job market tighter, and she said she will be watching several key employment sectors for evidence of that later this year.Kugler, in an event at the Economic ...Reuters
Thu, Jun 5
WRAPUP 2-Weekly jobless claims hit seven-month high; imports post record decline
Weekly jobless claims increase 8,000 to 247,000Continuing claims fall 3,000 to 1.904 millionTrade deficit shrinks by a record 55.5% to $61.6 billionBy Lucia Mutikani WASHINGTON, June 5 (Reuters) - The number of Americans filing new applications for unemployment benefits increased to a seven-month...Reuters
Thu, Jun 5
BoC Deputy Governor Kozicki: Many businesses expect activity to weaken in the near term
Bank of Canada (BoC) Deputy Governor Sharon Kozicki warned on Thursday that a growing number of Canadian businesses are bracing for a general slowdown in overall activity in the coming months, which could undercut job growth performance and put downward pressure on the Canadian economy.Fxstreet
Thu, Jun 5
Fed's Kugler: I see greater upside risks to inflation and downside risks to employment
Federal Reserve (Fed) Board of Governor member Adrianna Kugler noted on Thursday that although growth remains firm (albeit subdued) and Fed policy appears to be holding at a moderate level, key risks are growing, specifically in regards to inflation and a growing bubble of layoff intentions from busFxstreet
Thu, Jun 5
Fed's Kugler: with upside risks to inflation, rates should stay where they are
June 5 (Reuters) - Federal Reserve Governor Adriana Kugler on Thursday said she supports keeping short-term U.S. borrowing costs at their current "moderately restrictive" level as long as tariffs continue to threaten to lift inflation."Disinflation has slowed, and we are already seeing t...Reuters
Thu, Jun 5
Irish corporate tax falls sharply as one-off boost falls away
DUBLIN, June 5 (Reuters) - Growth in Ireland's underlying tax revenue for the first five months of the year slowed to 3.6% after a sharp dip in corporate tax receipts in May that the finance ministry said was due to one-off factors from a year ago falling away.Ireland has collected record levels...Reuters
Thu, Jun 5
Australia is 'safe and reliable' critical minerals alternative, minister says
Australia aims to refine minerals, not just "dig and ship"Australia sends trade officials to Brussels for EU trade talksFarrell urges US to remove tariffs on aluminium and steel PARIS, June 5 (Reuters) - Australia offers a secure alternative supply for critical minerals vital to industry,...Reuters
Thu, Jun 5
NY Fed data shows slight rise in supply chain pressure in May
By Michael S. DerbyJune 5 - Supply chain stress ticked up a hair in May, data from the Federal Reserve Bank of New York said Thursday.The bank said its Global Supply Chain Pressure Index for May rose to 0.19 from -0.28 in April. Positive readings denote above average levels of stress and while May’s...Reuters
Thu, Jun 5
US Pres. Trump: Concluded a very good phone call with President Xi of China
United States (US) President Donald Trump said on Truth Social on Thursday that he had a "very good phone call" with Chinese President Xi Jinping, during which they discussed the intricacies of the trade deal.Fxstreet
Thu, Jun 5
TREASURIES-US yields slip after data as trade talks eyed
Yields fall after jobless claims, productivity dataTrump-Xi phone talks boost market sentimentTwo-year yield tests 50-day moving averageBy Chuck Mikolajczak NEW YORK, June 5 (Reuters) - U.S. Treasury yields were slightly lower on Thursday in a choppy session, as a drop after a round of economic d...Reuters
Thu, Jun 5
How EU takes bigger defence role is main Europe-US issue, Costa says
Costa emphasizes EU need for increased defence responsibilityTrade disputes seen as distraction from defence issuesEU should coordinate spending for collective defence, Costa saysBy Jan StrupczewskiBRUSSELS, June 5 (Reuters) - The main issue in relations between the European Union and the United Sta...Reuters
Thu, Jun 5
Canada's Ivey PMI shows activity contracting for a second straight month in May
TORONTO, June 5 (Reuters) - Canadian economic activity contracted for a second straight month in May even as a measure of employment increased, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index edged up to 48.9 last month from 47.9 in April. A reading below 5...Reuters
Thu, Jun 5
Canada's April trade deficit widens to historic high as tariffs cripple exports
April trade deficit at C$7.1 billion as exports drop 10.8%Record deficit driven by plunge in U.S. exportsU.S. exports drop 15.7%, third monthly decline in a rowExports to the rest of the world, barring U.S., up 2.9% By Promit Mukherjee OTTAWA, June 5 (Reuters) - Canada's trade deficit in Apri...Reuters
Thu, Jun 5
US trade deficit narrows sharply in April; imports post record drop
Imports decrease by record 16.3%, exports hit all-time highTrade deficit contraction may boost GDP, depends on inventoriesImport front-loading ahead of tariffs probably not over, economists sayWASHINGTON, June 5 (Reuters) - The U.S. trade deficit narrowed sharply in April, with imports decreasing by...Reuters
Thu, Jun 5
Euro zone bond yields rise as ECB signals rate cuts nearly done
By Linda Pasquini and Samuel Indyk June 5 (Reuters) - Euro zone bond yields turned higher on Thursday after European Central Bank chief Christine Lagarde hinted that the easing cycle could be coming to an end, after its eighth rate cut since June last year. The ECB lowered its deposit rat...Reuters
Thu, Jun 5
