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Philadelphia Fed names Anna Paulson of Chicago Fed as new chief
NEW YORK, April 17 (Reuters) - Anna Paulson, currently head of research at the Chicago Fed, has been tapped to become the next leader of the Federal Reserve Bank of Philadelphia, the bank said Thursday. Paulson will take office on July 1, replacing Patrick Harker, who retires at the end of June. “Fo...Reuters
Thu, Apr 17
IMF reaches staff-level agreement set to unlock $441 mln for Tanzania
WASHINGTON, April 17 (Reuters) - The International Monetary Fund on Thursday said it had reached staff-level agreement with Tanzanian authorities that, once approved, would give the East African nation access to some $441 million in financing.The agreement was reached on a fifth review under its Ext...Reuters
Thu, Apr 17
Italy says to meet NATO spending goal this year by accounting changes
Italy defence spending among lowest in NATOEcon minister "acutely aware" of need for increaseTrump pushing allies to lift military budget to 5% of GDPTariff policy, delays in EU fund spending hit growth outlookBy Giuseppe Fonte and Gavin Jones ROME, April 17 (Reuters) - Italy will meet NA...Reuters
Thu, Apr 17
EUR/JPY falls back as ECB warns economic risks after easing monetary policy further
The EUR/JPY pair gives up its entire intraday gains and ticks lower to near 161.50 during North American trading hours on Thursday. The pair faces a sharp sell-off as the Euro (EUR) underperforms after the monetary policy announcement by the European Central Bank (ECB).
Fxstreet
Thu, Apr 17
A tariff headache for major central banks
ECB cuts rates for a 7th time in a yearCanada holds rates, says tariffs could mean recessionTrade war complicates rate outlook By Yadarisa Shabong and Alun John LONDON, April 17 (Reuters) - U.S. President Donald Trump's tariffs have darkened the global economic backdrop, forcing big central b...Reuters
Thu, Apr 17
TEXT-Lagarde's statement after ECB policy meeting
April 17 (Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday:Link to statement on ECB website: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250417~091c625e...Reuters
Thu, Apr 17
US single-family housing starts tumble to an eight-month low in March
WASHINGTON, April 17 (Reuters) - U.S. single-family homebuilding plunged to an eight-month low in March and could decline further as tariffs on imported materials raise costs and offset declining mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, dropped 14.2% ...Reuters
Thu, Apr 17
US: Initial Jobless Claims dropped to 215K last week
US citizens filing new applications for unemployment insurance ticked lower to 215K for the week ending April 12, as reported by the US Department of Labor (DOL) on Thursday. This print came in below initial estimates and was lower than the previous week's revised tally of 224K (revised from 223K).Fxstreet
Thu, Apr 17
US weekly jobless claims fall as labor market remains stable
WASHINGTON, April 17 (Reuters) - The number of Americans filing new applications for unemployment benefits fell last week, suggesting labor market conditions remained stable in April, though uncertainty around tariffs is making businesses hesitant to boost hiring. Initial claims for state uneReuters
Thu, Apr 17
INSTANT VIEW-ECB cuts rates again to buffer economy from U.S. tariff hit
LONDON, April 17 (Reuters) - The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a knock from U.S. tariffs.The ECB has been lowering borrowing costs as post-pandemic price pressures retreatReuters
Thu, Apr 17