News
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Chile central bank kept rate unchanged at 5% but considered a cut, minutes show
May 15 (Reuters) - Chile's central bank said on Thursday that despite the unanimous decision to keep the benchmark interest rate on hold at 5%, its board members had also evaluated at 25 basis points cut. Minutes of its most recent meeting showed that the board members deemed it necessary to hav...Reuters
Thu, May 15
India trade deficit in April at $26.42 billion
NEW DELHI, May 15 (Reuters) - India's merchandise trade deficit INTRD=ECI in April stood at $26.42 billion, according to a Reuters calculation based on export and import data released by the government on Thursday. Economists had expected the April trade deficit to be $20 billion, according to a...Reuters
Thu, May 15
US weekly jobless claims unchanged amid stable labor market
WASHINGTON, May 15 (Reuters) - The number of Americans filing new applications for unemployment benefits was unchanged last week, but job opportunities are becoming more scarce for those out of work as economic uncertainty from tariffs discourages businesses from boosting hiring. Initial claims for ...Reuters
Thu, May 15
Powell speech: Revisions to Fed communications are being considered
While delivering his prepared remarks on Framework Review at the Thomas Laubach Research Conference on Thursday, Federal Reserve (Fed) Chairman Jerome Powell said that officials agree the strategic language around both shortfalls of employment and average inflation need to be reconsidered.Fxstreet
Thu, May 15
US Retail Sales rise by 0.1% in April vs. 0% expected
Retail Sales in the United States (US) rose by 0.1% in April to $724.1 billion, the US Census Bureau announced on Thursday. This reading followed the 1.5% increase (revised from 1.4%) recorded in March and came in slightly better than the market expectation for a no change.Fxstreet
Thu, May 15
Fed's Powell: Strategy around both jobs and inflation needs to be reconsidered
Fed kicks off two-day framework reviewPowell says world has changed since 2020, framework must adaptPowell: Supply shocks may be more frequent in the futureBy Howard SchneiderWASHINGTON, May 15 (Reuters) - U.S. Federal Reserve officials feel they need to reconsider the key elements around both jobs ...Reuters
Thu, May 15
US retail sales barely rise in April
WASHINGTON, May 14 (Reuters) - U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and households pulled back on other spending against the backdrop of an uncertain economic outlook. Retail sales edged up 0.1% last mo...Reuters
Thu, May 15
US: Initial Jobless Claims matched consensus at 229K last week
US citizens filing new applications for unemployment insurance held steady at 229K for the week ending May 10, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and the previous week's revised tally of 229K (revised from 228K).Fxstreet
Thu, May 15
US annual PPI inflation softens to 2.4% in April vs. 2.5% expected
The Producer Price Index (PPI) for final demand in the US rose 2.4% on a yearly basis in April, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 2.7% increase recorded in March and came in below the market expectation of 2.5%.Fxstreet
Thu, May 15
