News
Important Only
US weekly jobless claims fall as labor market remains stable
WASHINGTON, May 22 (Reuters) - The number of Americans filing new applications for unemployment benefits dropped last week, suggesting the economy maintained a steady pace of job growth in May.Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 227,000 for the week en...Reuters
Thu, May 22
Fed's Waller sees path to rate cuts later this year, Fox Business reports
By Michael S. DerbyNEW YORK, May 22 (Reuters) - Federal Reserve Governor Christopher Waller said Thursday central bank rate cuts are on the menu if the Trump administration’s trade tariff agenda settles on the lower side of the ledger. "If we can get the tariffs down close to the 10% and then th...Reuters
Thu, May 22
Fed's Waller: Tariffs will be a one time price increase
In an interview with Fox Business on Thursday, Federal Reserve (Fed) Governor Christopher Waller reiterated that he continues to believe that tariffs will cause a one-time increase in prices and added that the Fed's standard playbook is to look through one-time price impacts, per Reuters.Fxstreet
Thu, May 22
ECB Accounts: Inflation expected to hover close to target of 2% for remainder of year
The accounts of the European Central Bank's (ECB) April policy meeting showed on Thursday that policymakers had increased confidence that inflation would return to target in line with the March baseline projections.Fxstreet
Thu, May 22
UK business downturn eases despite worsening factory woes, PMI shows
UK services sector edges back into growth territoryManufacturing PMI shows biggest jobs drop since May 2020UK businesses slightly less worried about U.S. tariffs impact, survey shows By Andy Bruce MANCHESTER, England, May 22 (Reuters) - A downturn for British firms eased in May despite a darkenin...Reuters
Thu, May 22
WRAPUP 1-Euro zone rebound hopes dashed by services slump
Bloc's PMI unexpectedly drops, falls below 50German Ifo index rises in MaySurveys suggest cause for modest optimismNo major rebound seen as services struggleBy Balazs Koranyi and Jonathan Cable FRANKFURT/LONDON, May 22 (Reuters) - The euro zone economy is still just limping along and a raft o...Reuters
Thu, May 22
Plan to beef up Fed forecasts hits hurdle among its regional presidents
Former Fed chief Bernanke suggests releasing staff forecast each quarterPowell sees need for central bank to improve communicationsFed's framework review pointing towards simpler approachBy Howard Schneider AMELIA ISLAND, Florida, May 22 (Reuters) - A proposal for the U.S. Federal Reserve to ...Reuters
Thu, May 22
