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Brazil prices fall for the first time in a year in August
SAO PAULO, Sept 10 (Reuters) - Brazil's inflation came in negative in August for the first time in a year, but the fall in consumer prices was smaller than markets had expected, data from statistics agency IBGE showed on Wednesday.Consumer prices in Latin America's largest economy dropped 0....Reuters
2 minutes ago
US wholesale inventories revised lower in July
WASHINGTON, Sept 10 (Reuters) - U.S. wholesale inventories increased a bit less than initially thought in July, suggesting businesses were not rushing to rebuild inventory after stocks were depleted in the second quarter.Stocks at wholesalers edged up 0.1%, instead of rising 0.2% as estimated last m...Reuters
16 minutes ago
Trump's Fed governor nominee Miran advances toward Senate confirmation
Senate banking committee advances Miran's nominationMiran's confirmation may not occur in time for next Fed meetingTrump seeks more influence over Fed with Miran's appointmentBy Bo Erickson and Ann Saphir Sept 10 (Reuters) - Stephen Miran, a top White House economic adviser, cleared a...Reuters
16 minutes ago
WRAPUP 1-US producer inflation cooler in August; hints at softening demand
Producer price index falls 0.1% in AugustGoods prices edged up 0.1%; cost of services eases 0.2%Producer prices increase 2.6% on a year-on-year basisBy Lucia Mutikani WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August amid a compression in trade services margins and ...Reuters
18 minutes ago
German cabinet agrees draft law to boost startups
Young companies drive investment, growth and jobs, minister saysTax framework for venture capital and IPOs to be revisedCabinet also passes commuter allowance, VAT cut for restaurants By Maria Martinez and Christian Kraemer BERLIN, Sept 10 (Reuters) - Germany's cabinet on Wednesday agreed a d...Reuters
25 minutes ago
Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank back ...Reuters
an hour ago
Tariff Impact Fading? U.S. PPI Unexpectedly Turns Negative, Treasury Prices Jump
TradingKey - After a series of data—including ADP and nonfarm payrolls—supported the Federal Reserve’s likely rate cut next week, another piece of evidence has emerged: U.S. inflation is cooling faster than expected. The August Producer Price Index (PPI) unexpectedly turned negative month-over-monthTradingKey
an hour ago
CORRECTED-Fed seen on course for rate cuts after PPI data
Sept 10 (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank back ...Reuters
an hour ago
US producer prices slip in August on cheaper services
WASHINGTON, Sept 10 (Reuters) - U.S. producer prices unexpectedly fell in August, pulled down by a decline in the costs of services. The Producer Price Index for final demand dipped 0.1% after a downwardly revised 0.7% jump in July, the Labor Department's Bureau of Labor Statistics said o...Reuters
2 hours ago
US 30-year mortgage rate slides to 11-month low, MBA data shows
MBA reports 30-year mortgage rate at 6.49%, lowest since last OctoberMortgage applications rise 9.2%, highest in over three yearsFed expected to cut rates following weakening job market dataSept 10 (Reuters) - The interest rate on the most popular U.S. home loan dropped by the most in six months las...Reuters
4 hours ago
USD/CNH: Likely to trade in a range between 7.1160 and 7.133 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1160 and 7.1330. 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
4 hours ago
RPT-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
4 hours ago
