News
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PREVIEW-Nike to post worst revenue fall in 5 years on stagnant demand
By Nicholas P. Brown and Ananya Mariam Rajesh March 19 (Reuters) - Nike NKE.N is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sport...Reuters
Wed, Mar 19
Argentina IMF loan plan gets Congress' approval, paving way for deal
By Nicolás Misculin BUENOS AIRES, March 19 (Reuters) - Argentina's lower house on Wednesday gave its stamp of approval for the government to kick off talks with the International Monetary Fund (IMF), a key hurdle for the program the country needs to get its finances in order.The lower Chamber...Reuters
Wed, Mar 19
TREASURIES-Yields fall as Fed still sees 50 bps in rate cuts this year
Yields fall as Fed keeps rate cut projections unchangedFed tapers quantitative tightening programTraders watch U.S.-Russia negotiations and reciprocal tariff ratesBy Karen Brettell NEW YORK, March 19 (Reuters) - U.S. Treasury yields fell after Federal Reserve policymakers indicated on Wednesday t...Reuters
Wed, Mar 19
INSTANT VIEW-Fed doesn't change rates, will slow pace of balance sheet reduction
March 19 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a d...Reuters
Wed, Mar 19
Foreign holdings of US Treasuries steady in January, data shows
March 19 (Reuters) - Foreign holdings of U.S. Treasuries held steady in January, data from the Treasury Department showed on Wednesday.Holdings of U.S. Treasuries tallied at $8.526 trillion in January, unchanged from the previous month. Compared with a year earlier, Treasuries owned by foreigners ro...Reuters
Wed, Mar 19
Fed's Powell sees no replay of 1970s-style inflation
WASHINGTON, March 19 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Wednesday that he had no reason to believe that the U.S. was experiencing 1970s-style high inflation that prompted the Fed to sharply raise rates and induce a deep recession to defeat it.Powell told a news conference a...Reuters
Wed, Mar 19
Fed's Powell says now was a good time to slow pace of balance sheet drawdown
WASHINGTON, March 19 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that the slowdown in the pace of the central bank's balance sheet makes sense amid some rising signs of tighteness in money market conditions. "We still think that reserves are abundant," Powell said i...Reuters
Wed, Mar 19
Powell says Fed has no plan to taper MBS run-off
March 19 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said the U.S. central bank has no plans to slow the run-off from the balance sheet of its holdings of mortgage-backed securities."There's no plan to do that," Powell said at a press conference following the Fed's l...Reuters
Wed, Mar 19
Fed's Powell ties sour consumer mood to government change, inflation
WASHINGTON, March 19 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that the public's sour mood is understandable and in part sees it as a reflection of big changes on the political landscape. "We understand that sentiment is quite negative at this time, and that probably ...Reuters
Wed, Mar 19
Fed's Powell says he is viewing University of Michigan inflation data carefully
WASHINGTON, March 19 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday he is viewing carefully data from the University of Michigan consumer sentiment survey that showed a big gain in expected inflation."We look at it. We don't dismiss data that we don't like," Powell...Reuters
Wed, Mar 19
US rate futures price in two rate cuts in 2025, see June or July easing
By Gertrude Chavez-Dreyfuss NEW YORK, March 19 (Reuters) - Futures on the federal funds rate priced in roughly 60 basis points (bps) of easing this year, or about two rate reductions of 25 bps per cut, in line with what the Federal Reserve projected in its rate forecasts released on Wednesday.For...Reuters
Wed, Mar 19
Powell: Strong goods inflation may be tied to tariffs
March 19 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday tariffs may already be driving up prices and purchasing for goods. Powell, speaking at a press conference, said while it is "hard to trace" recent strong inflation and buying to the tariffs, it is "very possible&#...Reuters
Wed, Mar 19
Fed's Powell says it is too soon to gauge inflationary impact of Trump's tariffs
WASHINGTON, March 19 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Wednesday it was too soon to determine whether to look through the impact U.S. tariffs would have on inflation, and it would be challenging to determine how much of any goods price increases are attributable to tariffs...Reuters
Wed, Mar 19
