News
Important Only
Fed's Musalem: Business are bracing to pay higher input costs, raise prices
WASHINGTON, May 23 (Reuters) - Businesses expect rising input costs and anticipate raising their own prices as well, St. Louis Fed president Alberto Musalem said on Friday.“On the business side there is ... a higher expectation of higher prices going forward for inputs and for outputs," Musalem ...Reuters
Fri, May 23
TREASURIES-Yields ease on growth concerns as Trump threatens more tariffs
By Karen Brettell May 23 (Reuters) - U.S. Treasury yields fell on Friday after President Donald Trump said he may enact tariffs on smartphone giant Apple AAPL.O and imports from the entire European Union, raising concerns about slowing economic growth.Trump threatened to impose a 25% tariff on Ap...Reuters
Fri, May 23
US Treasury Sec. Bessent :US is far along in trade talks with India, Asian countries
In an interview with Fox News on Friday, United States (US) Treasury Secretary Scott Bessent said that US President Donald Trump believes that the European Union's proposals have not been of good quality, per Reuters.Fxstreet
Fri, May 23
US new home sales unexpectedly rise in April
WASHINGTON, May 23 (Reuters) - Sales of new U.S. single-family homes unexpectedly increased in April as builders lowered prices to lure buyers, but rising mortgage rates and an uncertain economic outlook remain constraints for the housing market. New home sales surged 10.9% to a seasonally adjusted ...Reuters
Fri, May 23
Canada March retail sales rise 0.8%; seen up 0.5% in April
OTTAWA, May 23 (Reuters) - Canadian retail sales grew by 0.8% in March from February, more than analysts had forecast, and looked set to have increased by 0.5% in April, Statistics Canada data indicated on Friday. The largest increase was the 4.8% gain posted by motor vehicle and parts dealers, t...Reuters
Fri, May 23
Goolsbee: Businesses craving consistency in whipsaw tariff environment - CNBC
WASHINGTON, May 23 (Reuters) - U.S. firms want consistency in trade policy before making big investment or other decisions, with President Donald Trump's new threat of 50% tariffs on European Union imports a "scary" proposition for supply chains, Chicago Fed President Austan Goolsbee sai...Reuters
Fri, May 23
Bund yields drop, markets boost bets on ECB rate cuts after Trump's EU tariff plan
By Stefano Rebaudo May 23 (Reuters) - Euro area government bond yields fell sharply and traders boosted bets on European Central Bank rate cuts on Friday after U.S. President Donald Trump said he was recommending a 50% tariff on goods from the European Union starting on June 1.Trump cranked up hi...Reuters
Fri, May 23
