News
Important Only
Fed prepared to address market functioning if need arises, Boston Fed's Collins tells FT
April 11 (Reuters) - Boston Federal Reserve Bank President Susan Collins on Friday said the U.S. central bank is "absolutely" prepared to deploy its tools to address financial market functioning if the need arises. Though “markets are continuing to function well” there aren't any overall...Reuters
Fri, Apr 11
Fed's Collins: Fed is prepared to use tools as needed, but rate cuts may not be appropriate
Federal Reserve (Fed) Bank of Boston President Susan Collins noted that the Fed has multiple monetary policy tools available and at its disposal should market conditions require them, but the Fed policymaker used the opportunity to push against the idea of the Fed using rate cuts first.Fxstreet
Fri, Apr 11
White House: Tariff rate on China remains at 145%
White House press secretary Karoline Leavitt reported that US President Donald Trump was optimistic about securing a trade deal with China, despite the escalating trade war between the two economic giants that had been battering markets.Fxstreet
Fri, Apr 11
TREASURIES-Benchmark Treasury yield heads for biggest weekly rise in decades on tariff turmoil
10-year yields head for biggest weekly increase since 200130-year yields set for biggest weekly gain since 1982Traders remain cautious after volatile week By Karen Brettell April 11 (Reuters) - Benchmark U.S. 10-year Treasury yields were on track for their biggest weekly increase in more than two...Reuters
Fri, Apr 11
WRAPUP 3-Tariffs angst sinks US consumer sentiment, boosts inflation expectations
Consumer sentiment plunges to near three-year low in AprilTwelve-month inflation expectations highest since 1981Producer price index falls 0.4% in MarchGoods, mostly gasoline, account for 70% of decline in PPIProducer prices increase 2.7% year-on-yearBy Lucia Mutikani WASHINGTON, April 11 (Reuter...Reuters
Fri, Apr 11
Imports at Port of Los Angeles could fall in May due to tariffs, port executive says
LOS ANGELES, April 11 (Reuters) - Imports to the busiest U.S. seaport could drop as soon as May, as companies pause orders in response to President Donald Trump's escalating tariffs on China and other trading partners, Port of Los Angeles executive director Gene Seroka said on Friday.Trump this...Reuters
Fri, Apr 11
Fed's Williams says tariffs will push up inflation, unemployment
Williams expects tariffs to raise inflation to 3.5%-4% this yearHe predicts real GDP growth will slow to below 1%, unemployment to riseSees Fed's monetary policy as appropriate to manage current risksBy Michael S. DerbyApril 11 (Reuters) - New York Federal Reserve President John Williams said on...Reuters
Fri, Apr 11
UK long-term borrowing costs head for biggest weekly jump since 'mini-budget' crisis
LONDON, April 11 (Reuters) - British 20- and 30-year government bond yields were on course on Friday for their biggest weekly jump since the aftermath of Liz Truss's "mini-budget" in 2022 as the United States and China escalated a trade war, igniting long-term inflation worries.Thirty-ye...Reuters
Fri, Apr 11
TREASURIES-10-year yields head for biggest weekly increase since 1981
Thirty-year yields heading for biggest weekly gain since 1982Traders remain cautious after volatile week By Karen Brettell April 11 (Reuters) - Benchmark U.S. 10-year Treasury yields were on track for their biggest weekly increase in more than 43 years on Friday as U.S. President Donald Trump...Reuters
Fri, Apr 11
Fed's Williams says U.S. economy not hit by stagflation
By Michael S. DerbyApril 11 (Reuters) - Federal Reserve Bank of New York President John Williams on Friday rejected the idea the economy was falling into a high inflation, low growth environment. “This is not stagflation," Williams said in an appearance in Puerto Rico. "I'm old enough to...Reuters
Fri, Apr 11
French Finance Minister Lombard: No EU decision yet on taxing US digital services
WARSAW, April 11 (Reuters) - European finance ministers have not taken any decision yet on whether to tax U.S. digital services as a response to Washington, French Finance Minister Eric Lombard said on Friday after a meeting of EU finance ministers in Warsaw to discuss a response to the U.S. tariffs...Reuters
Fri, Apr 11
Fed's Musalem: higher inflation, softer labor market now his baseline view
April 11 (Reuters) - St. Louis Federal Reserve Bank President Alberto Musalem on Friday it's now closer to his "baseline" view, rather than just an outside risk, that the labor market will soften even as inflation rises due to tariffs, and the effects could take months, quarters, or even...Reuters
Fri, Apr 11
Fed's Williams says tariffs will push up inflation, unemployment
Williams expects tariffs to raise inflation to 3.5%-4% this yearHe predicts real GDP growth will slow to below 1%, unemployment to riseSees Fed's monetary policy as appropriate to manage current risksBy Michael S. DerbyApril 11 (Reuters) - New York Federal Reserve President John Williams said on...Reuters
Fri, Apr 11
Brazil 12-month inflation drifts away from target, pressuring central bank
IPCA index rose 0.56% in March, matching economists' forecastsCentral bank raised Selic rate by 375 basis points since SeptemberFood prices accelerated to 1.17% in March, impacting inflation index BRASILIA, April 11 (Reuters) - Brazil's monthly inflation slowed in March as expected but th...Reuters
Fri, Apr 11
Morgan Stanley CEO Says Market Volatility Has Been Orderly: Conf Call
April 11 (Reuters) - Morgan Stanley MS.N:MORGAN STANLEY CEO TED PICK SAYS OUTLOOK IS NOW NECESSARILY LESS PREDICTABLEMORGAN STANLEY CEO SAYS ODDS OF RECESSION HAVE INCREASED, BUT CONSENSUS TODAY IS SOFTER, NOT NEGATIVE GROWTHMORGAN STANLEY CEO SAYS TAILWIND OF LONG AWAITED M&A AND IPO CAPITAL MA...Reuters
Fri, Apr 11
Traders lighten bets on Fed rate cuts, still eye June start
April 11 (Reuters) - Traders on Friday continued to pull back from bets on aggressive Federal Reserve interest-rate cuts this year, as the closely-followed University of Michigan surveys of consumer sentiment showed confidence and inflation expectations deteriorating further in late March and early ...Reuters
Fri, Apr 11
US consumer sentiment, inflation expectations deteriorate sharply in April
WASHINGTON, April 11 (Reuters) - U.S. consumer sentiment deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions.The University of Michigan Surveys of Consumers on Friday said its Consumer Sentiment Index dro...Reuters
Fri, Apr 11
