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Fed hawks and doves: What US central bankers are saying
By Ann Saphir April 2 (Reuters) - Federal Reserve policymakers held short-term borrowing costs steady at their March 17-18 meeting, as they did in January. As a group they continued to pencil in one interest-rate cut this year, but the rate path is unusually uncertain given the Iran conflict and ...Reuters
7 minutes ago
WRAPUP 2-US labor market remains stable; trade deficit widens in February
Weekly jobless claims fall 9,000 to 202,000Continuing claims increase 25,000 to 1.841 millionTrade deficit widens 4.9% to $57.3 billion in FebruaryBy Lucia Mutikani WASHINGTON, April 2 (Reuters) - New applications for U.S. unemployment benefits unexpectedly fell last week amid low layoffs, sugges...Reuters
43 minutes ago
US fixed 30-year mortgage rate rises to 6.46% amid Iran war
By Ann SaphirApril 2 (Reuters) - The average rate on the most popular home-loan rate rose to its highest since early September, as the Iran war pushes up oil prices and fans inflation fears, lifting U.S. bond yields that closely influence mortgage rates.The 30-year fixed mortgage rate averaged 6.46%...Reuters
an hour ago
US fixed 30-year mortgage rate rises to 6.46% amid Iran war
April 2 (Reuters) - The average rate on the most popular home-loan rate rose to its highest since early September, as the Iran war pushes up oil prices and fans inflation fears, lifting U.S. bond yields that closely influence mortgage rates.The 30-year fixed mortgage rate averaged 6.46% last week, m...Reuters
an hour ago
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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 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
4 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
4 hours ago
