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Fed's Daly: US economy still solid, officials can be patient
Federal Reserve Bank of San Francisco President Mary Daly said late Wednesday that the strength of the US economy allows policymakers to be patient as they wait for more evidence of how the US President Donald Trump’s policies will affect businesses and households, per Bloomberg.Fxstreet
Wed, May 14
Point72's Cohen sees economic slowdown amid tariff confusion
By Carolina MandlNEW YORK, May 14 (Reuters) - Point72 Asset Management’s founder, Steven Cohen, said on Wednesday he believes the U.S. economy will very likely slow down because of tariff threats, but even so the Federal Reserve will not act immediately to cut interest rates.“We don't think the ...Reuters
Wed, May 14
Fed can be patient amid uncertainty, Daly says
May 14 (Reuters) - The U.S. economy and the labor market are solid, and inflation is declining, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday, and with monetary policy moderately but not overly restrictive, the U.S. central bank can wait amid ongoing uncertainty to adjust ...Reuters
Wed, May 14
Trump administration scraps Biden-era plan to limit sale of Americans' personal data
May 14 (Reuters) - The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans' private information by "data brokers," according to a Federal Register notice issued Wednesday.The agenc...Reuters
Wed, May 14
TREASURIES-US prices dip on budget bill worries
Republicans advance some parts of Trump packageFed's Jefferson says tariffs will lift inflationUS fed funds futures price in two cuts this yearUS 10-year yields hit six-week peakBy Tatiana Bautzer NEW YORK, May 14 (Reuters) - U.S. Treasury prices fell on Wednesday, pushing yields to multi...Reuters
Wed, May 14
Canada finance minister promises economic update without mentioning budget
OTTAWA, May 14 (Reuters) - Canadian Finance Minister Francois-Philippe Champagne on Wednesday said the new Liberal government will table an economic update later in the year, implying it will not present an annual budget in the near term. When pressed by reporters about the date for a full budget, C...Reuters
Wed, May 14
Cisco raises full-year revenue forecast
May 14 (Reuters) - Cisco Systems CSCO.O raised its annual revenue forecast on Wednesday, betting on steady demand from cloud customers for its networking equipment, driven by the artificial intelligence boom.The company expects its revenue to be between $56.5 billion and $56.7 billion for fiscal 202...Reuters
Wed, May 14
US yields surge as traders await data, Fed cuts priced out on tariffs uncertainty
US Treasury yields are climbing across the entire yield curve as market participants digest Tuesday’s US inflation data on the consumer side, with traders awaiting the release of the Producer Price Index (PPI) April figures and Retail Sales.Fxstreet
Wed, May 14
Trump meets Syrian president, urges him to establish ties with Israel
Trump urges Syria to normalise ties with IsraelTrump arrives in Qatari capital DohaQatar Airways to buy 160 Boeing planes No mention of offer to supply new Air Force OneBy Gram Slattery, Pesha Magid and Andrew Mills DOHA, May 14 (Reuters) - U.S. President Donald Trump met with Syria's pre...Reuters
Wed, May 14
PREVIEW-How Walmart handles Trump's tariffs could offer clues on retail health
By Ananya Mariam Rajesh May 14 (Reuters) - Results from Walmart WMT.N, a bellwether for the U.S. retail industry, will offer proof on Thursday why the Arkansas behemoth is best placed to navigate the uncertainty from the Trump administration's tariffs. Walmart is among a handful of large comp...Reuters
Wed, May 14
Canada finance minister indicates he won't deliver full budget
OTTAWA, May 14 (Reuters) - Canadian Finance Minister Francois-Philippe Champagne on Wednesday indicated the new Liberal government would not present an annual budget, but instead will table an economic update later in the year. Traditionally the federal government presents an annual budget in the fi...Reuters
Wed, May 14
TREASURIES-US yields flat as markets await new data, budget bill outcome
Republicans advance some parts of Trump packageFed's Jefferson says tariffs will lift inflationUS fed funds futures price in two cuts this yearBy Tatiana Bautzer NEW YORK, May 14 (Reuters) - Yields on U.S. Treasuries were flat to slightly higher on Wednesday in subdued trading, as markets awa...Reuters
Wed, May 14
Saudi PIF strikes multibillion-dollar deals with top US asset managers
Deals coincide with Trump's Gulf tour Saudi Arabia's PIF signs up to $12 bln in investment dealsRiyadh aims to deepen capital markets, draw foreign investmentBy Hadeel Al Sayegh and Manya Saini DUBAI, May 14 (Reuters) - Saudi Arabia's sovereign wealth fund on Wednesday announced u...Reuters
Wed, May 14
Brazil's services activity edges up in March despite tight monetary policy
SAO PAULO, May 14 (Reuters) - Services activity in Brazil expanded less than expected in March, data from statistics agency IBGE showed on Wednesday, but it marked the second positive reading in a row despite tight monetary policy. Activity in the sector, which is the main driver of Latin Americ...Reuters
Wed, May 14
EXCLUSIVE-Ketchup maker Kraft Heinz investing $3 billion upgrading US manufacturing
By Jessica DiNapoli NEW YORK, May 14 (Reuters) - Kraft Heinz KHC.O is spending $3 billion to upgrade its U.S. factories, its largest investment in its plants in a decade, even as executives say consumer sentiment is at its second-lowest point in 70 years, and it has cut sales and profit forecasts...Reuters
Wed, May 14
Bangladesh to receive $1.3 billion from IMF as reform deal reached
Funds delayed over exchange rate reformsGovernment seeks additional $762 million to meet financing needs DHAKA, May 14 (Reuters) - The International Monetary Fund is set to release $1.3 billion to Bangladesh in June following the fourth review of its $4.7 billion loan programme and a breakthrough...Reuters
Wed, May 14
Euro zone yields steady after hitting multi-week highs, await US data
Euro area bond yields edge down after hitting fresh highsMarkets await key U.S. data on ThursdayInvestors cautious about U.S.-China trade talksECB's Villeroy sees another rate cut by summerItalian-German yield spread below 100 bpsBy Stefano Rebaudo and Lucy Raitano May 14 (Reuters) - Euro zon...Reuters
Wed, May 14
