News
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Brazil posts another month of stronger-than-expected formal job growth in February
BRASILIA, March 28 (Reuters) - Brazil's economy created a net 431,995 formal jobs in February, data from the Labor Ministry showed on Friday, beating the 250,000 forecast in a Reuters poll of economists.The figure follows a much stronger-than-expected performance also recorded in January.Reuters
Fri, Mar 28
WRAPUP 2-Moderate US consumer spending, increasing prices raise specter of stagflation
Consumer spending increases 0.4% in FebruaryPCE price index rises 0.3%; up 2.5% year-on-yearCore PCE inflation climbs 0.4%; rises 2.8% year-on-yearInflation expectations deteriorate sharply in MarchBy Lucia MutikaniWASHINGTON, March 28 (Reuters) - U.S. consumer spending rebounded less than expected ...Reuters
Fri, Mar 28
Weak spending, sticky prices, rising inflation expectations a bad mix for Fed
Weak spending, sticky inflation may test Fed patience Tariffs could sustain price pressures even if economy weakensJump in consumer inflation expectations continuesBy Howard Schneider WASHINGTON, March 28 (Reuters) - The U.S. Federal Reserve's seemingly locked-in path to a soft landing, alrea...Reuters
Fri, Mar 28
Markets boost bets on ECB rate cuts on weak data, tariff fears
By Stefano Rebaudo March 28 (Reuters) - Money markets increased their bets on European Central Bank easing, with short-dated yields dropping to levels last seen before Germany announced its biggest ever spending package, as investors shifted focus to U.S. tariffs and weak economic data.Inflation ...Reuters
Fri, Mar 28
Turkish companies 'paying the bill' as political crisis roils economy
Mayor Imamoglu, Erdogan's main rival jailed on graft chargesArrest triggered largest protests in more than a decadeCompanies reviewing strategies after market turmoilSome companies suspending investment plansBy Ebru Tuncay and Ceyda Caglayan ISTANBUL, March 28 (Reuters) - Turmoil unleashed by...Reuters
Fri, Mar 28
Fed’s Daly: Two rate cuts this year seems “reasonable”
San Francisco Fed President Mary Daly maintains that two rate cuts this year remain a reasonable projection, but with robust economic indicators, policymakers can hold off on reducing rates until they evaluate how businesses adapt to tariff costs.Fxstreet
Fri, Mar 28
ECB's Nagel encouraged but warns against 'over-optimism' on inflation target
BERLIN, March 28 (Reuters) - ECB policymaker Joachim Nagel said on Friday he was encouraged by recent data on inflation in a number of euro zone economies but warned against over-optimism as the European Central Bank works to bring inflation down further to its 2% target."The last mile is certai...Reuters
Fri, Mar 28
EXCLUSIVE-Fed's Daly says two rate cuts this year 'reasonable' as firms adjust to tariffs
March 28 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly still sees two interest-rate cuts this year as a "reasonable" projection, but with the labor market solid, the economy still growing and inflation edging down, policymakers can wait to reduce rates until they assess ...Reuters
Fri, Mar 28
INSTANT VIEW-US Feb PCE prices index shows inflation picture still a conundrum
March 28 (Reuters) - The Personal Consumption Expenditures (PCE) price index increased 0.3% in February after advancing by an unrevised 0.3% in January, the U.S. Commerce Department said on Friday. Economists had forecast the PCE price index gaining 0.3%. In the 12 months through February, prices in...Reuters
Fri, Mar 28
Spain's PM urges Washington to reconsider tariff 'nonsense'
MADRID, March 28 (Reuters) - Spanish Prime Minister Pedro Sanchez and European Commission Vice President Teresa Ribera on Friday urged the United States to reconsider new tariffs on goods from Europe and open a dialogue with Brussels to stop what Sanchez described as "nonsense".President Don...Reuters
Fri, Mar 28
POLL-Canada home prices to lag inflation; trade war further hurts sentiment
cpurl://apps.cp./cms/?pageId=house-poll for poll dataBy Mumal Rathore and Indradip Ghosh BENGALURU, March 28 (Reuters) - Canadian home prices are set to lag overall inflation this year, a Reuters poll of property market experts showed, with transaction volumes already down sharply as a U.S.-led t...Reuters
Fri, Mar 28
INSTANT VIEW-US Feb PCE prices index shows inflation picture still a conundrum
March 28 (Reuters) - The Personal Consumption Expenditures (PCE) price index increased 0.3% in February after advancing by an unrevised 0.3% in January, the U.S. Commerce Department said on Friday. Economists had forecast the PCE price index gaining 0.3%. In the 12 months through February, prices in...Reuters
Fri, Mar 28
TREASURIES-Yields decline slightly after US inflation data
NEW YORK, March 28 (Reuters) - U.S. Treasury yields had a relatively muted response to the release on Friday of the U.S. Personal Consumption Expenditure data, the Federal Reserve's favored indicator for inflation.The Personal Consumption Expenditures (PCE) price index increased 0.3% in February...Reuters
Fri, Mar 28
