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Canada: Trade deficit surge and 2026 outlook – RBC
Royal Bank of Canada (RBC) analysts note Canada’s trade deficit widened sharply in February to CAD 5.7 billion, far above expectations, as both exports and imports jumped. They highlight one-off Gold imports, stronger equipment and consumer goods demand, and surging motor vehicle exports.Fxstreet
41 minutes ago
Fed's Logan says US oil producers unlikely to provide near-term relief for consumers
Fed's Logan says US oil output unlikely to surge in short termShe says Fed positioned to deal with what economy deliversDallas Fed chief says she remains very worried about inflationBy Michael S. Derby April 2 (Reuters) - Dallas Federal Reserve President Lorie Logan said on Thursday that ...Reuters
2 hours ago
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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
4 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
4 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
4 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
5 hours ago
