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Fed's Musalem flags risk of rising inflation expectations and stagflation
Musalem warns of the risks inflation could remain highMusalem needs confidence inflation waning to support more rate cutsUpdates with comments on inflation and monetary policyBy Howard Schneider and Michael S. DerbyFeb 20 (Reuters) - St. Louis Federal Reserve President Alberto Musalem on Thursday ra...Reuters
4 minutes ago
TREASURIES-Yields dip as Bessent says no near-term plans to change debt sales
Fed meeting minutes raise hopes for earlier end to QTInitial jobless claims rise slightly in latest weekUpdated in New York afternoon timeBy Karen Brettell NEW YORK, Feb 20 (Reuters) - U.S. Treasury yields edged lower on Thursday after comments from the top Treasury official eased concerns of any...Reuters
5 minutes ago
Fed's Musalem expects inflation to move to 2%
NEW YORK, Feb 20 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday getting inflation back to 2% will take time even as there are risks that price pressures could remain elevated. “My baseline scenario is one where inflation continues to converge towards 2% prov...Reuters
50 minutes ago
EXCLUSIVE-Buyout firms vie for discount retailer Family Dollar, sources say
Apollo, Sycamore and Brigade express interest in Family Dollar acquisitionDollar Tree explores sale or spinoff of Family Dollar with JPMorgan ChaseBy Abigail Summerville NEW YORK, Feb 20 (Reuters) - Private equity firms Apollo Global Management and Sycamore Partners are among the bidders who are ...Reuters
an hour ago
WRAPUP 2-US labor market stable; hit from federal government belt tightening awaited
Adds details on regional manufacturing data, analyst comments, graphicsWeekly jobless claims increase 5,000 to 219,000Continuing claims rise 24,000 to 1.869 millionFederal government layoffs not yet showing in dataBy Lucia Mutikani WASHINGTON, Feb 20 (Reuters) - The number of Americans filing new...Reuters
2 hours ago
Fed's Goolsbee says PCE inflation reading unlikely to be as 'sobering' as CPI
Adds remarks on policy uncertainty, supply risks in paragraphs 3-9Feb 20 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said he does not expect the inflation reading the U.S. central bank uses to set its inflation target to be as "sobering" as the previously report...Reuters
2 hours ago
Fed's Musalem flags risk of rising inflation expectations and stagflation
By Howard SchneiderWASHINGTON, Feb 20 (Reuters) - St. Louis Fed President Alberto Musalem on Thursday raised the twin risks of rising inflation expectations and difficult-to-address stagflation, in remarks that highlighted the potentially difficult choices facing the U.S. central bank.While many of ...Reuters
3 hours ago
LIVE MARKETS-Mexico, Thailand, Malaysia most at risk among emerging markets from US tariffs
Major US indexes lower; Dow off >1%Financials lead S&P 500 sector decliners; healthcare up the mostEuro STOXX 600 index off ~0.2%Dollar down; gold, crude, bitcoin gainU.S. 10-Year Treasury yield dips to ~4.51%Welcome to the home for real-time coverage of markets brought to you by Reuters repo...Reuters
3 hours ago
Fed's Goolsbee nervous about potential for COVID-sized supply shock
Feb 20 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said he is a bit nervous about the potential for large-scale tariffs to create a significant supply shock that could aggravate inflation as occurred during the COVID-19 pandemic.The tariffs imposed during Donald Trump&#...Reuters
4 hours ago
LIVE MARKETS-Thursday data: Jobless claims, Philly Fed, leading economic index
Major US indexes lower; Dow off >1%Financials lead S&P 500 sector decliners; healthcare up the mostEuro STOXX 600 index off ~0.2%Dollar down; gold, crude, bitcoin gainU.S. 10-Year Treasury yield dips to ~4.51%Welcome to the home for real-time coverage of markets brought to you by Reuters repo...Reuters
4 hours ago
Fed's Bostic expects two rate cuts in 2025, but sees widespread uncertainty
Bostic does not think US faces a new burst of inflationFirms apprehensive about impact of trade, immigration policiesInvestors currently expect Fed to cut rates only once this yearBy Howard Schneider WASHINGTON, Feb 20 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said on Thursday ...Reuters
4 hours ago
LIVE MARKETS-Navigating the market maze: S&P 500, Trump policies and Mag 7
Major US indexes lower; Dow off most, down ~1%Financials lead S&P 500 sector decliners; healthcare up the mostEuro STOXX 600 index off ~0.2%Dollar down; gold, crude, bitcoin gainU.S. 10-Year Treasury yield dips to ~4.50%Welcome to the home for real-time coverage of markets brought to you by Reut...Reuters
4 hours ago
Fed's Goolsbee: PCE unlikely to be as 'sobering' as CPI
Feb 20 (Reuters) - Chicago Federal Reserve President Austan Goolsbee on Thursday said he does not expect the inflation reading the central bank uses to set its inflation target to be as "sobering" as the figures previously reported in the Consumer Price Index.Last week, the Labor Department ...Reuters
4 hours ago
LIVE MARKETS-US indexes fall early as Walmart forecast disappoints
Major US indexes lower early; Dow off most, down ~0.9%Jan leading index Chg MM -0.3% vs -0.1% estEuro STOXX 600 index off ~0.1%Dollar down; gold ~flat; crude gains; bitcoin up ~1%U.S. 10-Year Treasury yield dips to ~4.51%Welcome to the home for real-time coverage of markets brought to you by Reuters...Reuters
5 hours ago
EIA sees 10% rise in US household natgas, propane heating expenditures
Feb 20 (Reuters) - The U.S. Energy Information Administration expects an increase of 10% in household energy expenditures for heating with natural gas and propane for the current winter period extending from November through March, it said on Thursday.In an earlier estimate, released in October, the...Reuters
5 hours ago
US State Department revises China webpage to focus on trade, business curbs
State Department says updates reflect current administration’s policies and priorities Changes highlight trade deficit, US business concernsNo mention of China aid or working with allies on common valuesAccuses Beijing of attempting to 'subvert' international bodiesAdds State Department, par...Reuters
5 hours ago
ANALYSIS-Investors worries over Ukraine ceasefire rise, sending debt tumbling
Updates prices, adds context and quoteBy Libby George and Marc Jones LONDON, Feb 20 (Reuters) - Ukraine's sovereign debt notched its largest losses this year on Thursday as some investors' doubts grew over whether a potential ceasefire deal negotiated by U.S. President Donald Trump would ...Reuters
6 hours ago
U.S. mid-Atlantic factory momentum slows as price inputs surge
Feb 20 (Reuters) - Factory output growth slowed in the U.S. mid-Atlantic region in February as input prices surged, with a measure of prices paid for production materials climbing to the highest in nearly two-and-a-half years even before most of the new tariffs on imports imposed by President Donald...Reuters
6 hours ago
US new vehicle sales set to rise 8.1% in February, report says
Feb 20 (Reuters) - U.S. new vehicle retail sales are expected to rise 8.1% to 1.01 million units in February on an adjusted basis, industry consultants J.D. Power and GlobalData said in a joint report on Thursday.However, the rise in sales is not enough to offset the decline in total profit per unit...Reuters
6 hours ago