News
Important Only
Fed's Logan sees room to lower reserves, expects uptick in SRF use next month
By Ann Saphir Aug 25 (Reuters) - Dallas Federal Reserve President Lorie Logan on Monday said she feels the U.S. central bank has more room to reduce its reserves, and she expects banks to turn to its standing repo facility next month to alleviate any liquidity pressures."We could see some tem...Reuters
10 minutes ago
IMF sees Panama GDP up 4.5% this year in rebound from copper mine closure
Aug 25 (Reuters) - Panama's economy is expected to grow this year as the impact from the closure in late 2023 of First Quantum Minerals' FM.TO Cobre Panama copper mine fades, and non-mining sectors continue to grow, the International Monetary Fund's executive board said on Monday. WH...Reuters
2 hours ago
WRAPUP 1-New US home sales fall as high borrowing costs stifle housing demand
New home sales fall 0.6% in July; June sales upgradedNew housing inventory falls to a still-high 499,000 units Median new house prices drops 5.9% to $403,800 from year ago By Lucia Mutikani WASHINGTON, Aug 25 (Reuters) - Sales of new U.S. single-family homes fell in July following a sharp upward...Reuters
2 hours ago
Mexico posts Q2 current account surplus of $206 mln despite US trade uncertainty
MEXICO CITY, Aug 25 (Reuters) - Mexico's economy posted a current account surplus of $206 million during the second quarter, reversing a deficit of $911 million in the same period last year, the Bank of Mexico said on Monday.Mexico's current account surplus represents 0.04% of GDP, compared ...Reuters
3 hours ago
IMF sees Panama GDP up 4.5% this year in rebound from copper mine closure
Aug 25 (Reuters) - Panama's economy is expected to grow 4.5% this year as the impact fades from the closure in late 2023 of First Quantum Minerals' Cobre Panama copper mine, and non-mining sectors continue to grow, the International Monetary Fund's executive board said on Monday. "Th...Reuters
4 hours ago
TREASURIES-US yields rise as traders gauge Fed policy, before auctions
Traders price in 84% odds of September Fed rate cutTreasury to sell 2-, 5-, and 7-year debt this weekTrading expected to be light before Labor Day holidayBy Karen Brettell Aug 25 (Reuters) - U.S. Treasury yields rose on Monday after Federal Reserve Chair Jerome Powell on Friday indicated that a S...Reuters
4 hours ago
US new home sales fall in July; June sales revised higher
WASHINGTON, Aug 25 (Reuters) - Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month's sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates.New home sale units dropped 0.6...Reuters
4 hours ago
FACTBOX-Wall Street ramps up bets on September rate cut after Powell's dovish tone
August 25 (Reuters) - Brokerages are adding a September rate cut to their forecasts after Federal Reserve Chair Jerome Powell signaled the central bank could ease policy next month. Deutsche Bank, BNP Paribas and Barclays pulled forward their rate cut forecast to September after Pow...Reuters
7 hours ago
US consumers with prime credit are starting to slip on payments
By Nupur Anand NEW YORK, Aug 25 (Reuters) - U.S. consumers with the highest credit scores are starting to fall behind in debt repayments, credit scoring company VantageScore said in a report published on Monday, in a sign that Americans' financial health may be deteriorating more broadly.Late...Reuters
7 hours ago
Fitch keeps India rating, flags high debt, US tariff risks
Aug 25 (Reuters) - Credit-rating firm Fitch maintained India's sovereign rating at 'BBB-' on Monday, citing levels of fiscal deficits and debt that are still high, crushing the government's hopes for a lift in ratings by all three major providers.This month, S&P upgraded India to...Reuters
8 hours ago
Fed Chair Powell pivots to cutting mode – ING
Chair Powell could have been super balanced, or even hawkish. But he effectively chose to endorse the market discount for a rate-cutting phase ahead. It's had quite the reaction. Risk assets are up, the dollar down, so's the front-end yield.Fxstreet
8 hours ago
