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Energy-price surge will work through economy slowly, Fed's Williams tells Fox Business
By Michael S. DerbyApril 2 (Reuters) - Federal Reserve Bank of New York President John Williams said monetary policy is “well positioned," as he expects surging energy prices will take some time to affect the economy.The Middle East war means “the uncertainty and the risks have increased, but th...Reuters
15 minutes ago
UK finalises US pharma deal granting tariff-free access for British medicines
Agreement reached as part of a wider US-UK trade accordZero US tariffs on UK medicines for at least 3 yearsBy Sam Tabahriti, Maggie Fick and Bhanvi Satija LONDON, April 2 (Reuters) - Britain has finalised a U.S.-UK pharmaceutical trade deal, setting out tariff-free access for UK-made medicines to...Reuters
45 minutes ago
INR: RBI tightens NDF access to shield rupee – DBS
DBS Group Research economist Radhika Rao discusses new Reserve Bank of India (RBI) measures aimed at defending the Indian Rupee (INR). The RBI has barred banks from offering rupee NDF contracts to residents and offshore users while keeping deliverable hedging channels open.Fxstreet
an hour ago
Fed's Williams tells Fox Business energy surge will work slowly through economy
NEW YORK, April 2 (Reuters) - Federal Reserve Bank of New York President John Williams said Thursday that monetary policy is “well positioned” amid his expectations that surging energy prices will take some time to impact the economy.The pass-through of energy prices “typically takes months or maybe...Reuters
an hour ago
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
3 hours 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
4 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
4 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
4 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
5 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
5 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
6 hours ago
