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Fed officials take cautious view on US markets amid downgrade
NEW YORK, May 19 (Reuters) - U.S. Federal Reserve officials speaking on Monday took on cautiously the ramifications of the latest downgrade of the U.S. government’s credit rating and unsettled market conditions as they continued to navigate a very uncertain economic environment.Reuters
Tue, May 20
RBA expected to cut interest rate as focus turns to inflation, growth outlook
The Reserve Bank of Australia (RBA) is set to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.85% from 4.1% after concluding its May monetary policy meeting on Tuesday. The decision will be announced at 04:30 GMT.
Fxstreet
Mon, May 19
BoE's Dhingra says her rate decision signalled economic direction
LONDON, May 19 (Reuters) - Bank of England policymaker Swati Dhingra said on Monday her decision to vote for a half-point reduction in the central bank's recent interest rate decision was to make a statement on the direction of the British economy."I get to pick times when I want to be able ...Reuters
Mon, May 19
'Choose France' summit brings 20 billion euros of new investment
By Dominique Vidalon and Michel Rose PARIS, May 19 (Reuters) - This year's "Choose France" business summit is set to secure 20 billion euros ($22.47 billion) of new investment, French President Emmanuel Macron said, announcing projects in defence, energy and industry as well as in art...Reuters
Mon, May 19
JPMorgan expects dealmaking fees to drop, keeps CEO succession plans steady
Interest income outlook steady despite uncertainty, CFO saysAI-driven efficiency could reduce headcountBank open to acquisitions, but will be cautiousBy Nupur Anand and Niket Nishant NEW YORK, May 19 (Reuters) - JPMorgan Chase JPM.N shares slid after the bank told investors its investment bankin...Reuters
Mon, May 19
Fed's Bostic: I only see one rate cut this year, but could be more if trade talks pick up
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic hit newswires on Monday with his own rate cut forecast. According to Bostic, the Fed is on pace to do only a single quarter-point rate cut in 2025.Fxstreet
Mon, May 19
BoE's Dhingra: If the US Dollar goes up, we have to worry about rate dynamics and UK inflation
Bank of England (BoE) Monetary Policy Committee (MPC) member Dr. Swati Dhingra cautioned that the United Kingdom (UK) could be facing a rocky road on inflation, especially as knock-on effects from the Trump administration's tariff-heavy trade policies reverberate through the global economy.
Fxstreet
Mon, May 19
What to Watch in the Day Ahead - Tuesday, May 20
Home Depot is expected to post a rise in first-quarter revenue as solid demand from professional contractors offset a slowdown in spending on big-ticket renovation projects. Investors will look out for any comments on demand recovery, impact from Chinese tariffs and potential price hikes.JPMorgan Ch...Reuters
Mon, May 19
Fed's Kashkari says investor confidence key to government debt challenge
May 19 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday investor confidence is key to how the government navigates high levels of deficit spending. “Right now there's a question mark being raised about, what is the U.S. long-term competitive position going t...Reuters
Mon, May 19
SNB's Schlegel: Switzerland is not a currency manipulator except when it needs to be
Chairman of the Swiss National Bank (SNB) Martin Schlegel noted on Monday that uncertainty surrounding inflation has made it more difficult to actively manage foreign currency flows, noting that there are functionally no suitable alternatives for central banks to manage their holdings without US Tre
Fxstreet
Mon, May 19
CORRECTED-WRAPUP 2-US consumer sentiment slumps, households brace for inflation surge
Consumer sentiment drops to nearly three-year low in MayInflation expectations soar due to tariffsSingle-family housing starts hit nine-month low in AprilImport prices rise 0.1% in April, driven by capital goods By Lucia Mutikani WASHINGTON, May 16 (Reuters) - U.S. consumer sentiment deteriorated...Reuters
Mon, May 19
Fed's Kashkari: US economy entered the year strong, but lots of uncertainty now
According to Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari, although the year saw a strong start for the US economy, ongoing uncertainty at the hands of the Trump administration's trade policies has put a significant dent in investor sentiment, creating turbulence in markets andFxstreet
Mon, May 19
Nigeria's Renaissance reports oil spill from illegal pipeline connection
By Tife Owolabi YENAGOA, May 19 (Reuters) - Nigeria's Renaissance Africa Energy Co. Ltd has confirmed an illegal connection on its Okordia-Rumuekpe pipeline at Oshika community in Nigeria's coastal Rivers state caused a spill, the independent oil producer said on Monday.The company was im...Reuters
Mon, May 19
US insurance composite rebounded 1.4% as Wall Street surged on US-China temporary trade deal
By Carlos PallordetMay 19 - The North American insurance composite, compiled by investment banks Stonybrook Capital and Weild & Co., increased 1.4% last week as all broad market indices surged, which reversed a 1.3% loss in the previous week.The S&P 500 rose 5.3%, its highest weekly record s...Reuters
Mon, May 19
LIVE MARKETS-Leading economic index posts biggest monthly drop in over two years
Major stock indexes red, but off lows; Nasdaq off ~0.6%%Healthcare leads S&P sector gains, energy weakestEuro STOXX 600 flatDollar down, bitcoin edges up; gold up ~1%, crude little changedUS 10-Year Treasury yield rises to ~4.48%Welcome to the home for real-time coverage of markets brought to yo...Reuters
Mon, May 19
Fed's Williams says he has not seen any big move out of US assets, monetary policy in good place
By Michael S. DerbyNEW YORK, May 19 (Reuters) - New York Federal Reserve President John Williams acknowledged on Monday that investors are taking a look at how they invest in U.S. assets while noting he's seen no large-scale move away from the nation, adding that the U.S. central bank can take i...Reuters
Mon, May 19
Scope Ratings Says US Public Debt Trajectory And Interest Payments Set To Worsen And Exceed Sovereign Peers
May 19 (Reuters) - SCOPE RATINGS:SCOPE RATINGS: US PUBLIC DEBT TRAJECTORY AND INTEREST PAYMENTS SET TO WORSEN AND EXCEED SOVEREIGN PEERSSCOPE: TRUMP’S PROPOSED REDUCTIONS IN DISCRETIONARY FUNDING FOR 2026, HIGHER EXPECTED REVENUE FROM TARIFFS, UNLIKELY TO SIGNIFICANTLY LOWER BUDGET DEFICITSCOPE: EXP...Reuters
Mon, May 19
