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US payrolls benchmark revision estimate suggests labor market weaker than previously thought
Revision estimate comes days after weak August nonfarm payrollsJob growth was stalling before Trump's tariffs, estimate showsBLS revision estimate linked to birth-death model problemsBy Lucia Mutikani WASHINGTON, Sept 9 (Reuters) - The U.S. economy likely created 911,000 fewer jobs in the 12 ...Reuters
17 minutes ago
US-China tensions drive business confidence to new lows, survey says
Record low optimism in five-year China business outlookGeopolitics, domestic competition, economic slowdown are biggest challengesUS-China tariffs expected to impact 2025 revenue for 64% of firmsBy Casey Hall SHANGHAI, Sept 10 (Reuters) - Political tensions, fierce domestic competition and China&...Reuters
an hour ago
US President Donald Trump urges EU to impose 100% tariffs on China, India to pressure Russia
US President Donald Trump has urged the European Union (EU) to impose 100% tariffs on Chinese and Indian goods in an effort to pressure Russian President Vladimir Putin, the Financial Times reported on Tuesday.Fxstreet
an hour ago
When is the China CPI, and how could it impact AUD/USD?
The latest Chinese Consumer Price Index (CPI) inflation report for August is due early on Wednesday at 01:30 GMT. Headline Chinese CPI inflation is expected to contract, forecast to decline 0.2% YoY compared to the previous print of 0.0%.
Fxstreet
2 hours ago
JPMorgan CEO Jamie Dimon warns of a cloudy US economic outlook
Dimon warns tariffs and geopolitics impact not fully knownInterest rate cuts seen as immaterial to economyDimon expects more banking consolidation, rules out overseas bank purchaseBy Nupur Anand NEW YORK, Sept 9 (Reuters) - JPMorgan Chase JPM.N CEO Jamie Dimon is cautious about the U.S. economic ...Reuters
2 hours ago
Chile central bank holds interest rate at 4.75% as core inflation sticks
SANTIAGO, Sept 9 (Reuters) - Chile's central bank on Tuesday held its benchmark rate at 4.75% in a unanimous vote, in line with analysts' expectations, even as the monetary authority warned that higher-than-expected core inflation meant the economy must be closely monitored. In its Septem...Reuters
4 hours ago
Chile central bank holds interest rate at 4.75%
SANTIAGO, Sept 9 (Reuters) - Chile's central bank on Tuesday held its benchmark rate at 4.75% in a unanimous vote, in line with analysts' expectations.The decision comes after the central bank lowered the rate by 25 basis points at the end of July, its first cut of the year. The rate has com...Reuters
4 hours ago
US Supreme Court to decide legality of Trump's tariffs
Trade court said Trump exceeded powers with tariffs Administration called decision judicial overreach Trump cited longstanding trade deficit as an emergencyBy Andrew Chung Sept 9 (Reuters) - The U.S. Supreme Court agreed on Tuesday to decide the legality of Donald Trump's sweeping global tari...Reuters
5 hours ago
Mexico seeks to impose tariffs on auto, manufacturing imports
By Ana Isabel Martinez and Adriana Barrera MEXICO CITY, Sept 9 (Reuters) - Mexico's government will propose a bill to impose import tariffs on some sectors, including automotives and manufacturing, in a bid to address trade imbalances, a top official said on Tuesday.The move would also bring ...Reuters
5 hours ago
Miran may not be at Fed's rate-setting table next week, lawmakers say
Logistics make timing 'challenging': Republican Senator LummisFed is expected to lower rates after meeting on Tuesday and WednesdayRepublican aide says Monday is earliest possibility for Senate confirmationBy Bo Erickson and Ann Saphir WASHINGTON, Sept 9 (Reuters) - Stephen Miran, Preside...Reuters
5 hours ago
TREASURIES-US yields rise as bond rally pauses, weak jobs news reinforces rate outlook
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 rally abated, while a do...Reuters
5 hours ago
US consumer finances stay robust even as jobs data cloud economic outlook, bankers say
Bankers report strong consumer spending and credit performanceJob market cooling with fewer jobs created than estimatedSpending concentrated among higher income groups, says economist NEW YORK, Sept 9 (Reuters) - U.S. consumers remain in good financial health and there are little signs of credit...Reuters
6 hours ago
Mexico to send lawmakers bill to 'correct' trade imbalances
MEXICO CITY, Sept 9 (Reuters) - Mexico's Deputy Minister for Revenues Carlos Lerma told a press conference on Tuesday the economy ministry would submit a bill to Congress that aims to "correct" the country's trade imbalance in some sectors, such as automotives and manufacturing.This ...Reuters
7 hours ago
US container imports up in August, tariff turmoil dims year-end outlook
US container imports up 1.6% in AugustImports from China fall 10.8% amid ongoing tariff tensionsImport outlook for the remainder of 2025 dimBy Lisa Baertlein LOS ANGELES, Sept 9 (Reuters) - U.S. imports of containerized goods rose 1.6% year-over-year in August, even as volume from China and other...Reuters
8 hours ago
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
10 hours 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
10 hours 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
10 hours 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
10 hours ago
