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US poverty rates not significantly changed in 2024, Census Bureau says
WASHINGTON, Sept 9 (Reuters) - The main gauge of U.S. poverty did not change significantly in 2024, and household income also remained about level except for gains among the wealthiest Americans, the U.S. Census Bureau said on Tuesday.Overall, many aspects of the Census Bureau data on poverty, incom...Reuters
34 minutes ago
TREASURIES-US yields tick higher, bond rally pauses after payrolls data revision
US Treasury yields rise as bond-buying frenzy slowsFed expected to cut interest rates amid weak labor market dataTraders await CPI report ahead of Fed's policy meetingBy Alden Bentley NEW YORK, Sept 9 (Reuters) - U.S. Treasury yields rose on Tuesday as a long-end bond-buying frenzy abated, bu...Reuters
44 minutes ago
Fed seen on track for three rate cuts this year, starting next week
Sept 9 (Reuters) - The Federal Reserve will likely resume cutting short-term rates next week and continue on for the rest of the year to shore up a labor market that may have begun cooling well before President Donald Trump began imposing sharply higher tariffs, traders bet on Tuesday. The Labor Dep...Reuters
50 minutes ago
Ukraine makes official request for new IMF programme, PM says
KYIV, Sept 9 (Reuters) - Ukraine has requested a new financing programme from the International Monetary Fund (IMF) as the war with Russia drags on, keeping military spending high, the prime minister said on Tuesday.Ukraine is spending about 60% of its total budget to fund the war effort and relies ...Reuters
an hour ago
Incoming Kering CEO de Meo: Fixing group requires 'clear and strong' decisions
PARIS, Sept 9 - The incoming chief executive of Gucci owner Kering, Luca de Meo, told a shareholder meeting on Tuesday he would bring the struggling luxury group back on track, which will include taking "clear and strong" decisions that won't be easy.Shareholders approved the appointment...Reuters
an hour ago
Mexico's inflation accelerates in line with expectations in August
By Aida Pelaez-FernandezMEXICO CITY, Sept 9 (Reuters) - Mexico's annual inflation rate accelerated in August, official data showed on Tuesday, meeting expectations and remaining within the central bank's target range for the second month in a row.Consumer prices in Mexico rose 3.57% in the y...Reuters
2 hours ago
US poverty rates unchanged significantly in 2024, Census Bureau says
WASHINGTON, Sept 9 (Reuters) - The main gauge of the U.S. poverty rate did not change significantly in 2024 at 12.9%, the U.S. Census Bureau said on Tuesday, and the so-called official poverty rate was 10.6%.In 2023, the supplemental poverty measure, adjusted for government support such as food assi...Reuters
2 hours ago
US employment growth through March revised sharply lower
Benchmark revision covers period from April 2024 to March 2025Economists estimated employment gains could be reduced by 400,000 to 1 million jobsRevision comes days after weak nonfarm payrolls report for AugustBy Lucia Mutikani WASHINGTON, Sept 9 (Reuters) - The U.S. economy likely created 911,00...Reuters
2 hours ago
TREASURIES-US yields tick higher, bond rally pauses before payrolls data revision
By Alden Bentley NEW YORK, Sept 9 (Reuters) - U.S. Treasury yields rose on Tuesday as a long-end bond-buying frenzy abated, while markets waited for a benchmark revision to payrolls data as a worsening labor picture already has traders ramping up bets for more accelerated easing this year.The gov...Reuters
3 hours ago
Brazil's auto production up in August but sales decline
SAO PAULO, Sept 9 (Reuters) - Brazil's auto production rose in August from the previous month while sales dropped, data released by automakers association Anfavea showed on Tuesday.According to Anfavea, auto production in Latin America's largest economy increased 3% in the month to 247,032 u...Reuters
3 hours ago
China FX Today: The Yuan in suspense as CPI data tests Beijing's strategy against deflation
The Chinese offshore currency (CNH) is trading in relative stability on Tuesday, with the USD/CNH exchange rate at 7.1134, down less than 0.1% on the session, as markets turn their focus towards China's inflation figures for August, which will be published early on Wednesday (01:30 GMT).
Fxstreet
3 hours ago
China's coal imports rose in August – Commerzbank
As transport data had previously indicated, China imported significantly more coal in August than in previous months: according to data from the Chinese customs authority, 42.7 million tons of coal were imported, the highest level since December last year, Commerzbank's commodity analyst Barbara LamFxstreet
5 hours ago
USD/CNH: Downward bias is building – UOB Group
US Dollar (USD) is likely to trade with a downward bias, but any decline is unlikely to break below 7.1100. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
6 hours ago
