News
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What to Watch in the Day Ahead - Wednesday, May 7
The Federal Reserve Open Markets Committee (FOMC) wraps up its two-day meeting, with expectations that the Fed Funds Target rate will remain unchanged at 4.25%–4.5%. Markets will closely watch the Fed's policy statement for clues on the path of interest rates. Fed Chair Jerome Powell is also sch...Reuters
Tue, May 6
Pharma imports to US surged in March as drugmakers look to avoid tariffs
Ireland posts record export volumes to the U.S. ahead of drug tariffsTrump has launched investigation likely to lead to pharma leviesTop companies say they have stepped up import effortsBy Michael Erman NEW YORK, May 6 (Reuters) - Pharmaceutical imports to the U.S. surged in March as drugmakers s...Reuters
Tue, May 6
Buffett's Dairy Queen on guard as tariffs weigh on desire to dine out
CEO says sales began to flatten in AprilUS stores source most ingredients domesticallyDairy Queen expands in China, looks toward Saudi ArabiaBy Jonathan Stempel OMAHA, Nebraska, May 6 (Reuters) - Dairy Queen, owned by Warren Buffett's Berkshire Hathaway BRKa.N, has seen signs that consumers a...Reuters
Tue, May 6
CORRECTED-TREASURIES-Sideways trade and mixed yields as investors await Fed
U.S. Treasury selling $42 billion of 10-year notesFed seen keeping interest rates on hold Wednesday 10-year Treasury yield touches highest since April 23 By Alden Bentley NEW YORK, May 6 (Reuters) - U.S. Treasury yields were mixed in subdued trade on Tuesday before the Federal Open Market Committ...Reuters
Tue, May 6
Bessent says US could announce trade deals with some countries this week
Trump admin negotiates with 17 major trading partners, excluding ChinaBessent expects substantial reductions in tariff and non-tariff barriers India and Japan may be first to sign trade agreements with USTrump says any deal with China must be 'fair'By Andrea Shalal and David Lawder WASHIN...Reuters
Tue, May 6
Trumps says will evaluate trade deals in upcoming weeks
By Steve HollandWASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.Trump and top officials say they are currently negotiating many economic deals with c...Reuters
Tue, May 6
Canada's Carney says USMCA needs changes as Trump raises renegotiations
WASHINGTON, May 6 (Reuters) - Canadian Prime Minister Mark Carney said some aspects of the USMCA trade deal between Canada, the United States and Mexico signed during Donald Trump's first term will have to change as the U.S. president also raised renegotiations for the trade pact that is up for ...Reuters
Tue, May 6
Trump says US will stop bombing Houthis after agreement struck
WASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that the U.S. will stop bombing the Houthis in Yemen after the Iran-aligned group agreed to stop interrupting important shipping lanes in the Middle East.Reuters
Tue, May 6
Trumps says China wants to negotiate, meet at right time
WASHINGTON, May 6 (Reuters) - President Donald Trump said on Tuesday that China want to negotiate a trade deal to end competing tariffs and the two leaders of the economic rivals will meet the right time.Trump also said that negotiations over the United State-Mexico-Canada Agreement may be renegotia...Reuters
Tue, May 6
Carney says Canada is not for sale, Trump says "never say never"
WASHINGTON, May 6 (Reuters) - Canadian Prime Minister Mark Carney told President Donald Trump on Tuesday during a meeting at the White House that Canada would never be for sale.Trump, who has repeatedly suggested that Canada could become the United States' 51st state, responded by saying: "N...Reuters
Tue, May 6
WRAPUP 2-Rush to beat tariffs boosts US trade deficit to record high in March
Trade deficit widens 14.0% to record $140.5 billion in MarchGoods imports accelerate 5.4% to all-time high of $346.8 billionImports from China at lowest level in five yearsImports from most countries were highest on record By Lucia Mutikani WASHINGTON, May 6 (Reuters) - The U.S. trade deficit wid...Reuters
Tue, May 6
US yields steady ahead of Fed, 10-year auction as US Dollar slips
The US 10-year Treasury yield trades subdued on Tuesday as market participants await the Federal Reserve’s last monetary policy meeting on May 7. Furthermore, investors are also eyeing the demand for the 10-year T-note auction at 13:00 ET.Fxstreet
Tue, May 6
Asian FX rallies as USD weakens on recession fears, tariff uncertainty
USD remains offered across the board as investor flows shift sharply into Asia, following a record 6% two-day surge in the Taiwan dollar (TWD) and strong gains in the Korean won (KRW), Chinese yuan, and Thai baht (THB).Fxstreet
Tue, May 6
New York Fed finds easing supply chain pressures in April
Supply chain pressures eased in April despite trade uncertaintyNY Fed data suggests goods moving smoothly across bordersTariffs do not seem to be breaking supply chains so farBy Michael S. Derby NEW YORK, May 6 (Reuters) - Supply chain pressures eased last month even as economies around the world...Reuters
Tue, May 6
