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Fed’s Logan: Payroll gains have been pretty weak
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said that the Fed should not let balance sheets distract them from the main mission, she also claimed that the balance sheet growth isn’t bad if it meets the publics need at a speech in her bank on Thursday.Fxstreet
15 minutes ago
Ford first-quarter US auto sales fall as affordability concerns weigh on demand
April 2 (Reuters) - Ford Motor F.N reported a near 9% drop in first-quarter U.S. sales on Thursday, as persistent affordability pressures prompt consumers to rethink big-ticket purchases. Higher financing costs, elevated sticker prices and the expiry of federal tax credits for electric vehicles ...Reuters
37 minutes ago
Fed's Logan says monetary policy in position to respond to uncertain economy
April 2 (Reuters) - Federal Reserve Bank of Dallas President Lorie Logan said Thursday the economic outlook is quite uncertain due to the Middle East war and the central bank will respond with policy changes appropriate to how the economy is performing. “I really like thinking about things in scenar...Reuters
46 minutes ago
Logan sketches path to shrink size of Fed balance sheet
Dallas Fed president says paths exist to shrink balance sheetLogan says current Fed system has served economy wellShe says reducing reserves demand is a path to smaller Fed holdingsBy Michael S. Derby April 2 (Reuters) - Dallas Federal Reserve President Lorie Logan on Thursday laid out paths and ...Reuters
an hour ago
Saks Global secures $500 million exit financing, targets emergence from bankruptcy by summer
April 2 (Reuters) - Saks Global on Thursday said a group of bondholders has agreed to provide $500 million in exit financing after the luxury retailer emerges from bankruptcy proceedings, which is expected by this summer.The company had filed for Chapter 11 bankruptcy protection in January with $3.4...Reuters
an hour ago
Canada's February trade deficit surges to a six-month high on gold imports
Proportion of exports to US hits record lowTrade deficit in February was at C$5.74 billion Imports surged by 8.4% while exports rose by 6.4%By Promit MukherjeeOTTAWA, April 2 (Reuters) - Canada's merchandise trade deficit came in much wider than expected in February, data showed on Thursday, as ...Reuters
2 hours ago
Africa faces sharper growth slowdown if Middle East conflict drags on, report warns
Prolonged Middle East war disrupts trade, energy flowsFood, fuel costs risk triggering continent-wide living crisisHigher prices aid some exporters, strain importersBy Ahmed EljechtimiTANGIER, Morocco, April 2 (Reuters) - African economies face the risk of a sharper growth slowdown this year if the ...Reuters
2 hours ago
US: Basel III relief to boost wider spreads – TD Securities
TD Securities strategists Gennadiy Goldberg, Molly Brooks and Jan Nevruzi argue that proposed Basel III endgame and related US bank capital changes should ultimately support wider US swap spreads, particularly at the long end.Fxstreet
2 hours ago
Eurozone: Energy shock risks and softer inflation dynamics – BNP Paribas
BNP Paribas analysts assess how the new energy shock from war in Iran and higher Oil and gas prices compares with 2022 for the Eurozone. They argue the current backdrop is less inflationary, with weaker demand and fewer supply constraints, and central banks now more reactive.Fxstreet
2 hours ago
US trade deficit widens in February as imports offset record exports
WASHINGTON, April 2 (Reuters) - The U.S. trade deficit widened in February as a rebound in imports offset strong growth in exports, which increased to a record high, potentially keeping trade on track to subtract from economic growth in the first quarter.The trade gap increased 4.9% to $57.3 billion...Reuters
2 hours ago
INR: RBI Clamps down on NDFs as structural headwinds persist – Societe Generale
Societe Generale analysts note the RBI has barred banks from offering INR NDFs to residents and non-residents to curb speculation, but they argue Rupee headwinds remain structural, tied to FPI outflows, Oil shock dynamics and slowing domestic growth, with 10-year yields seen heading toward 7.20–7.25Fxstreet
3 hours ago
US weekly jobless claims fall as layoffs remain low
WASHINGTON, April 2 (Reuters) - New applications for U.S. unemployment benefits fell last week amid low layoffs, suggesting labor market conditions remained calm in March, though economists have warned that a prolonged war in the Middle East posed a downside risk.Initial claims for state unemploymen...Reuters
3 hours ago
