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Pro-Trump senator meets China’s economy tsar amid trade tensions
Daines to meet Premier Li Qiang on Sunday Reiterates US demand China do more to stop fentanyl flowsDaines says to also discuss US trade deficit with ChinaChina is open to dialogue based on 'mutual respect', He saysBy Ryan WooBEIJING, March 22 (Reuters) - U.S. Senator Steve Daines, a strong s...Reuters
14 hours ago
US trade chief to speak with Chinese counterpart as tariff rift widens
By Trevor Hunnicutt, Jarrett Renshaw and David LawderWASHINGTON, March 21 (Reuters) - Donald Trump's top trade chief, Jamieson Greer, plans to speak with his Chinese counterpart next week, the U.S. president said on Friday amid an escalating tariff war.Talks between the world's biggest econo...Reuters
Fri, Mar 21
Fed posts smaller loss on operations in 2024
Fed says 2024 loss narrowed relative to 2023US central bank's loss does not impact operationsLoss in 2024 tied to efforts to tame inflationBy Michael S. Derby March 21 (Reuters) - The Federal Reserve said on Friday it generated a smaller loss on its operations last year than in 2023 as its on...Reuters
Fri, Mar 21
WRAPUP 1-Fed officials back cautious policy approach in light of economic uncertainty
New York Fed's Williams says 'modestly restrictive' policy is currently appropriateWilliams also says there is no hurry to change ratesFed's Waller explains dissent on balance sheet policyBy Michael S. Derby March 21 (Reuters) - New York Federal Reserve President John Williams sai...Reuters
Fri, Mar 21
TREASURIES-Ten-year yields rise as investors weigh tariff impact
US 10-year yield higher, but holds in tight rangeFed's Williams says policy in right place for nowFed's Goolsbee says uncertain if tariffs will lead to persistent inflationBy Karen Brettell NEW YORK, March 21 (Reuters) - The U.S. benchmark 10-year Treasury yield rose on Friday but held in...Reuters
Fri, Mar 21
Fed hawks and doves: what US central bankers are saying
March 21 (Reuters) - U.S. central bankers left short-term borrowing costs unchanged at their March 18-19 meeting. They also forecast weaker economic growth and higher inflation this year, at least in part due to President Donald Trump 's trade tariffs, and signaled that unusually high...Reuters
Fri, Mar 21
J&J boosts US investments by 25% over 4 years amid looming tariff threats
Plans include four new manufacturing facilities, starting with Wilson, NCTotal figure of $55 billion includes some 'already planned' commitments, investors sayJ&J says it has more manufacturing sites in U.S. than in other countriesBy Bhanvi Satija and Patrick Wingrove March 21 (Reute...Reuters
Fri, Mar 21
Fed reports comprehensive 2024 net loss of $77.5 billion
By Michael S. DerbyMarch 21 (Reuters) - The Federal Reserve said on Friday the loss it faced last year on its operations declined relative to 2023. The U.S. central bank said the total distribution of its comprehensive net loss last year stood at $77.5 billion versus $114.6 billion in the prior year...Reuters
Fri, Mar 21
Fed's Williams: Fed not in a hurry to make next rate decision
Federal Reserve (Fed) Bank of New York John Williams noted during an appearance at the Biennial Macroeconometric Caribbean Conference, in Nassau, that the Fed's job of forecasting economic outcomes is becoming increasingly difficult, specifically under the weight of trade war threats from the Trump administration.Fxstreet
Fri, Mar 21
Ireland faces disproportionate hit from tit-for-tat Trump tariffs, study says
By Padraic Halpin DUBLIN, March 21 (Reuters) - Ireland's domestic economy could be up to 1.8% smaller than it otherwise would be by 2032 if permanent 'tit-for-tat' tariffs are introduced between the United States and European Union, a study co-authored by the finance ministry showed o...Reuters
Fri, Mar 21
Fed's Williams says no rush to change monetary policy right now
By Michael S. Derby March 21 (Reuters) - New York Federal Reserve President John Williams said on Friday it's still too soon to determine the impact of the Trump administration's tariffs on inflation, while adding that there are rising risks to the economic outlook and the central bank ha...Reuters
Fri, Mar 21
Russia holds key rate at 21% despite Putin request not to chill the economy
Central bank's decision in line with expectationsDecision followed Putin request not to freeze the economy Regulator softens rhetoric, warns on budget targetsBusinesses are urging a rate cut to help investmentsRouble rally helps to fight inflationBy Elena Fabrichnaya and Gleb Bryanski MOSCOW,...Reuters
Fri, Mar 21
Fed's Waller says no need to slow balance sheet drawdown at this time
March 21 (Reuters) - Federal Reserve Governor Christopher Waller on Friday said he opposed the U.S. central bank's decision this week to slow the pace of reduction of its securities holdings because the level of reserves in the banking system remains abundant."Reducing the Federal Reserve...Reuters
Fri, Mar 21
TREASURIES-Yields dip, remain in range as investors weigh tariff impact
US 10-year yield lower, but holds in tight rangeFed's Williams says policy in right place for nowFed's Goolsbee says uncertain if tariffs will lead to persistent inflationBy Karen Brettell NEW YORK, March 21 (Reuters) - The U.S. benchmark 10-year Treasury yield dipped on Friday but held i...Reuters
Fri, Mar 21
Canada's January retail sales shrink by 0.6%, February sales likely to fall 0.4%
By Promit MukherjeeOTTAWA, March 21 (Reuters) - Canada's retail sales shrank faster than anticipated in January as car purchases and supermarket and grocery sales all fell, data showed on Friday.Sales dropped 0.6% on a monthly basis to C$69.4 billion ($48.31 billion), after rising by an upwardl...Reuters
Fri, Mar 21