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Fed's Goolsbee, Hammack say inflation is flashing 'orange,' or worse
By Ann SaphirApril 6 (Reuters) - Cleveland Federal Reserve President Beth Hammack and Chicago Fed President Austan Goolsbee both see inflation as a far bigger problem than employment, underscoring their support for tighter rather than looser monetary policy as the Iran war puts upward pressure on en...Reuters
an hour ago
WRAPUP 1-US service sector cools in March, inflation heating up amid Iran war
ISM services sector growth slows, PMI falls more than expected to 54.0Input prices index surges to 70.7, highest since Oct 2022, amid Middle East conflict and tariffsServices employment contracts, diverging from strong private payrolls in MarchBy Lucia Mutikani WASHINGTON, April 6 (Reuters) - U.S...Reuters
an hour ago
NY Fed says March supply chain pressures highest since start of 2023
NY Fed supply chain index shows signs of pressure in MarchSupply chain woes were major pandemic inflation driverSupply chain issues will mount the longer Middle East war goes onBy Michael S. Derby April 6 (Reuters) - Supply chain pressures heated up in March to levels last seen at the start of 20...Reuters
2 hours ago
NY Fed says supply chain pressures heated up in March
By Michael S. DerbyApril 6 (Reuters) - Supply chain pressures heated up in March to levels last seen at the start of 2023, data released by the Federal Reserve Bank of New York said Monday.In its latest Global Supply Chain Pressure Index, the bank said that the measure rose to 0.68, a modest rise fr...Reuters
4 hours ago
TREASURIES-US bonds steady as investors weigh ceasefire bid, Trump warning on Hormuz
Middle East ceasefire plan proposes immediate truceShifting comments from Trump, Iran add to market uncertaintyUS services sector cools, but prices paid index surgeUS rate futures price out rate cuts in 2026By Gertrude Chavez-Dreyfuss NEW YORK, April 6 (Reuters) - U.S. Treasuries were little chan...Reuters
4 hours ago
CAD: Jobs data and geopolitics steer rates – TD Securities
TD Securities strategists Robert Both and Emma Lawrence highlight that Canadian rates are opening weaker, with yields tracking US moves and geopolitical tensions. They expect CAD employment to show only a modest rebound and see imported volatility dominating.
Fxstreet
4 hours ago
US service sector cools in March; price paid measure highest in 3-1/2 years
ISM services sector growth slows, PMI falls more than expected to 54.0Input prices index surges to 70.7, highest since Oct 2022, amid Middle East conflict and tariffsServices employment contracts, diverging from strong private payrolls in March WASHINGTON, April 6 (Reuters) - U.S. services sector...Reuters
4 hours ago
Canada's services economy shrinks as war delays client decision-making
By Fergal Smith April 6 (Reuters) - Canada's services economy contracted for a fifth straight month in March as uncertainty related to the war in the Middle East contributed to a decline in new business and after higher fuel costs raised operating expenses, S&P Global's Canada service...Reuters
5 hours ago
Asian FX: Energy shock risks weigh on regional currencies – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan highlights that Asia is highly exposed to potential energy flow disruptions through the Strait of Hormuz. An extended energy shock would raise inflation, worsen current accounts and hurt growth, leaving KRW, PHP and THB vulnerable.Fxstreet
5 hours ago
US: Services growth seen easing on Iran uncertainty – TD Securities
TD Securities analysts expect US ISM Services to soften in March as geopolitical uncertainty from Iran weighs on sentiment. They forecast the index to fall to 54.2, reversing February’s gain, with most components slowing and employment slipping back into contraction.Fxstreet
5 hours ago
USD/IDR: BI turns cautious as Rupiah weakens – Commerzbank
Commerzbank’s Dr. Henry Hao and Moses Lim note that Indonesia March CPI slowed to 3.5% year-on-year, back within Bank Indonesia’s (BI) target range, but warns that Middle East conflict and higher freight costs pose upside inflation risks.Fxstreet
6 hours ago
Brazil Economists See 2026 Inflation At 4.36% - Cenbank Poll
April 6 (Reuters) - BRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 4.36% IN 2026 VERSUS 4.31% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE ANNUAL IPCA INFLATION INDEX REACHING 3.85% IN 2027 VERSUS 3.84% IN PREVIOUS ESTIMATE - CENBANK POLLBRAZIL ECONOMISTS SEE YEAR-END 2026 IN...Reuters
7 hours ago
Japan's bond yield curve steepens on caution ahead of auction, fiscal spending worries
By Junko Fujita and Satoshi Sugiyama TOKYO, April 6 (Reuters) - Japan's government bond yield curve steepened on Monday as caution grew ahead of an auction of 30-year debt, with rising oil prices and a weaker yen stoking worries of fiscal expansion.The curve, a line plotting yields with vario...Reuters
10 hours ago
