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Fed Governor Cook will sue Trump to keep her job, lawyer says
Trump says he has 'cause' to remove Fed governorCook's lawyer says she will take matter to courtAnother open board seat could boost Trump's influence over FedMarket reaction to Trump's move on Cook mutedBy Howard Schneider, Ann Saphir and Trevor Hunnicutt WASHINGTON, Aug 26 (R...Reuters
an hour ago
BoC's Macklem reaffirms dropping inflation target amid trade policy uncertainty
Bank of Canada (BoC) Governor Tiff Macklem noted that the BoC will not be revisiting its 2% inflation targets for the foreseeable future, citing uncertainty around trade and ever-changing tariff policies from the United States (US).Fxstreet
an hour ago
TREASURIES-Yield curve steepens as Trump attempts to fire Fed's Cook
Fed's Cook to file lawsuit to prevent being fired by TrumpYield curve steepens on concerns over Fed independence Strong demand for $69 billion two-year note auctionBy Karen Brettell NEW YORK, Aug 26 (Reuters) - The U.S. Treasury yield curve steepened on Tuesday as President Donald Trump’s att...Reuters
2 hours ago
Bessent says US tariff revenue could be well over $500 billion a year
Aug 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that customs duty revenues from President Donald Trump's tariffs may top $500 billion a year, with a substantial jump from July to August and likely a bigger jump in September.Bessent told a White House Cabinet meeting that...Reuters
2 hours ago
Forex Today: Australian inflation comes to the fore
The US Dollar (USD) reversed its prior gains and came under some modest downside pressure on Tuesday, as market participants shifted their attention to another bout of the Trump-Fed spat ahead of the release of key inflation data toward the end of the week.
Fed's Barkin says his forecast is for modest adjustment in rates, Bloomberg News reports
Aug 26 (Reuters) - Federal Reserve Bank of Richmond President Tom Barkin said his forecast is for a modest adjustment in interest rates given what he expects will be little variation in economic activity over the remainder of the year, Bloomberg News reported on Tuesday."I see modest movement in...Reuters
3 hours ago
WRAPUP 2-US business spending on equipment resilient; labor market confidence weakening
Nondefense capital goods orders excluding aircraft jump 1.1% in JulyThese so-called core capital goods shipments increase 0.7%Consumers' views of job availability weakest since 2021By Lucia Mutikani WASHINGTON, Aug 26 (Reuters) - New orders for key U.S.-manufactured capital goods increased mo...Reuters
3 hours ago
Fed still on track for September rate cut after Trump's move on Cook
Trump's attempt to fire Fed Governor Cook creates uncertaintyMarkets expect Fed rate cut in September, with 86% probabilityFed officials concerned about inflation and job market risksBy Michael S. Derby and Ann Saphir Aug 26 (Reuters) - President Donald Trump's attempt to fire Federal Res...Reuters
5 hours ago
Chinese trade negotiator to head to US for talks, may meet deputy-level officials
Top Chinese trade negotiator to visit Washington this weekLi Chenggang's trip not at US side's request, US government saysMeetings are not part of a formal negotiating sessionBy David Lawder and Joe Cash WASHINGTON/BEIJING, Aug 26 (Reuters) - Senior Chinese trade negotiator Li Chenggang i...Reuters
5 hours ago
Chile in final phase of negotiations to reach trade deal with US, Chilean official says
By Fabian CamberoSANTIAGO, Aug 26 (Reuters) - Chile is in the final phase of negotiations with the office of the United States Trade Representative (USTR) over tariffs, Chile's undersecretary of international economic affairs Claudia Sanhueza told Reuters on Tuesday. Chile is the world's lar...Reuters
5 hours ago
Chile in final phase of negotiations to reach trade deal with US, Chile undersecretary says
SANTIAGO, Aug 26 (Reuters) - Chile is in the final phase of negotiations with the Office of the United States Trade Representative (USTR) over tariffs, Chile's undersecretary of international economic affairs Claudia Sanhueza told Reuters on Tuesday. Chile is the world's largest copper produ...Reuters
5 hours ago
France’s government faces collapse and markets react – ABN AMRO
Yesterday, French Prime Minister François Bayrou announced that a no-confidence vote will be held on September 8th. This comes in the wake of the ongoing political impasse, a phenomenon we have been highlighting for some time, ABN AMRO's Senior Fixed Income Strategist Sonia Renoult reports.Fxstreet
6 hours ago
ANALYSIS-Fed's credibility is an asset whose decline could be costly
Credibility of US central bank important to inflation controlMarket response to Trump's effort to fire Cook muted so farDispute could show if Fed is as independent as perceivedBy Howard Schneider WASHINGTON, Aug 26 (Reuters) - The Federal Reserve may have been late raising interest rates as i...Reuters
6 hours ago
BoE’s Mann: A more persistent hold on the bank rate is appropriate right now
Catherine Mann, a member of the Bank of England’s Monetary Policy Committee (MPC), said on Tuesday that the bank rate should be held persistently to lean against inflation risks. She added that she was ready to cut rates more forcefully if downside risks to growth materialise.
Fxstreet
6 hours ago
US consumer confidence eases in August as labor market worries mount
WASHINGTON, Aug 26 (Reuters) - U.S. consumer confidence slipped in August as households grew more pessimistic about the labor market and future income.The Conference Board said on Tuesday its consumer confidence index fell to 97.4 this month from an upwardly revised 98.7 in July. Economists polled b...Reuters
6 hours ago
TREASURIES-Yield curve steepens as Trump attempts to fire Fed's Cook
Fed's Cook denies Trump's authority to fire herYield curve steepens on concerns over Fed independence Treasury to sell $69 bln two-year notes on TuesdayBy Karen Brettell NEW YORK, Aug 26 (Reuters) - The U.S. Treasury yield curve steepened on Tuesday as U.S. President Donald Trump’s attemp...Reuters
7 hours ago
Trump takes his Fed fight to unprecedented level with effort to fire Cook
Trump says he has "cause" to remove CookCook says Trump has no authority to remove her, will continue in jobFirst-ever effort to remove a governor could face a court challengeAdditional board seat could add to Trump's influence at the FedBy Michael S. Derby and Howard Schneider NEW YO...Reuters
7 hours ago
