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US Attorney Pirro says will appeal ruling on case into Fed's Powell
March 13 (Reuters) - U.S. Attorney Jeanine Pirro on Friday said that the Justice Department will appeal a ruling blocking subpoenas it served to Federal Reserve Chair Jerome Powell in a probe purported to be about the management of the central bank's renovation.Reuters
Fri, Mar 13
Forecasting the upcoming week: Iran war keeps Oil in focus as markets reassess Fed outlook
The US Dollar (USD) is ending the week on a firmer stance as the US/Israeli war against Iran closes in on two weeks. Iran's closure of the Strait of Hormuz has spiked Oil prices, boosting inflation risks and prompting investors to hide in safe-haven currencies like the Greenback.Fxstreet
Fri, Mar 13
China: Industrial strength outpaces weak consumption – Commerzbank
Commerzbank’s Senior Economist Dr. Henry Hao expects upcoming China data to confirm a structural divergence: Industrial Production around 5.5% year-on-year, supported by a 21.8% export surge in green tech, versus modest 3.0% retail sales and subdued Fixed-Asset Investment near 1.5%.Fxstreet
Fri, Mar 13
CORRECTED-What to Watch in the Week Ahead and on Monday, March 16
ON MONDAYOn the U.S. economic front, the Federal Reserve is expected to report industrial production data, which likely rose 0.1% in February after increasing 0.7% in the prior month. The central bank is also likely to release capacity utilization data, which is expected to remain unchanged at 76.2%...Reuters
Fri, Mar 13
WRAPUP 2-US consumer spending increases in January, Iran war to add to inflation pressures
Consumer spending increases 0.4% in JanuaryPersonal Consumption Expenditures price index excluding food and energy rises 0.4%; up 3.1% year-on-yearCore capital goods orders unchanged; shipments fall 0.1%By Lucia Mutikani WASHINGTON, March 13 (Reuters) - U.S. consumer spending increased solidly in...Reuters
Fri, Mar 13
Senegal makes key debt payments, but more pain looms
Sources tell Reuters Senegal is late on other paymentsGovernment has cut spending, and economic pressures have prompted civil unrest IMF froze loan in 2024 due to hidden $13 billion debtSenegal's heavy debt burden leaves it limited options, analysts say By Portia Crowe and Libby George DAKAR/...Reuters
Fri, Mar 13
Barclays expects Fed to push back rate cuts on inflation worries
March 13 (Reuters) - Barclays on Friday joined Goldman Sachs in delaying its forecast for the U.S. Federal Reserve's first interest rate cut this year to September from June, citing heightened risks to inflation from the conflict in the Middle East. Barclays said hotter-than-expected un...Reuters
Fri, Mar 13
Sweden: Low inflation keeps Riksbank sidelined – Nordea
Nordea’s Torbjörn Isaksson reports that Swedish CPIF and CPIF ex energy were confirmed at low year-on-year levels, with seasonally adjusted core measures well below the 2% target. Despite a bounce in core services inflation, overall pressures remain subdued.
Africa policymakers warn Iran oil shock will hit key sectors, halt monetary easing
Oil price turbulence to stop monetary easing in its tracksUganda cenbank says challenges unprecedented, Angola holds ratesPetroleum prices rise in Nigeria, Ethiopia boosts subsidiesKey sectors like mining to be damaged by higher oil pricesBy Duncan Miriri NAIROBI, March 13 (Reuters) - African off...Reuters
Fri, Mar 13
Canada's labor market dips sharply in February, unemployment rate up
Canada sheds 83,900 jobs in February, after January declineJobless rate up to 6.7% led by losses in full-time jobsAverage hourly wage of permanent employees grows 4.2%Analysts predicted 10,000 job gains, jobless rate 6.6%By Promit Mukherjee OTTAWA, March 13 (Reuters) - Canada's economy unexpe...Reuters
Fri, Mar 13
Barclays expects Fed to push back rate cuts on inflation worries
March 13 (Reuters) - Barclays economists said on Friday they were now expecting the U.S. Federal Reserve to push its first interest rate cut to September from June, citing a firmer inflation outlook and upside risks to headline price pressures stemming from the war with Iran.The brokerage also pushe...Reuters
Fri, Mar 13
POLL-BoC to keep rates on hold through this year despite war inflation risk
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=CABOCR%3DECI BoC poll datacpurl://apps.cp./cms/?pageId=house-poll housing poll dataBy Indradip Ghosh BENGALURU, March 13 (Reuters) - The Bank of Canada is forecast to keep its overnight rate on hold next week and for the rest of ...Reuters
Fri, Mar 13
US job openings rise in January, but hiring tepid
WASHINGTON, March 13 (Reuters) - U.S. job openings increased in January, but hiring was lackluster, consistent with a stable labor market.Job openings, a measure of labor demand, rose by 396,000 to 6.946 million by the last day of January, the Labor Department's Bureau of Labor Statistics said i...Reuters
Fri, Mar 13
