-Top U.S. bank lending officers reported weaker demand from businesses and consumers for many types of credit during the first three months of the year, according to?a Federal Reserve report released on Monday, reversing a short-lived surge in loan demand the previous quarter.
-U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
-U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
Anheuser-Busch InBev's American subsidiary said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump.
U.S. President Donald Trump's tariff decisions since he took office on January 20, from imposing sweeping duties to abruptly pausing some of them, have shocked financial markets and sent a wave of uncertainty through the global economy.
The U.S.-China deal to lower the most aggressive import tariffs between the world's two largest economies could lessen the impact of their trade war, though the levies left in place are still steep and will leave a mark on the economy, Federal Reserve officials said on Monday.
U.S. central bank officials are having trouble judging the underlying strength of the economy given the rapid changes in trade policy and the impact on households and businesses rushing earlier this year to buy imported goods, Federal Reserve Governor Adriana Kugler said on Monday.
* US CPI due on Tuesday. * Dollar, global shares soar after China-US truce. * Platinum, palladium down over 1% By Sarah Qureshi and Ashitha Shivaprasad. Safe-haven gold fell more than 2% on Monday as risk sentiment crept in following the announcement of a temporary deal between the United States and China to reduce tariffs. Spot gold was down 2.5% at $3,239.54 an ounce, as of 0941 ET.
The Federal Reserve got one more reason to wait on cutting interest rates after a delay of the most punitive tariffs imposed in the Trump administration's trade battle with China appeared to reduce the chance of a U.S. economic slowdown that would force the central bank to rush to the rescue by reducing borrowing costs.
Brazilian economists believe the aggressive monetary tightening cycle in Latin America's largest economy has come to an end, a weekly central bank survey showed on Monday.
By Jamie McGeever. A split is emerging between the Federal Reserve and other major central banks as they try to assess the economic impact of the rapidly shifting global trade war. The Fed has kept interest rates on hold in the face of rising inflation risk, while many of its peers are cutting to cushion the blow from the looming growth slowdown.
A breakthrough in U.S.-China trade talks has propelled world stocks and the dollar higher, but investors fear further negotiations could prove a long slog, tempering optimism, as risks of a global economic slowdown persist.
A truce in the U.S.-China trade war set off a relief rally in stocks on Monday and propelled the dollar higher, but investors fear further negotiations could prove a long slog, as risks of a global economic slowdown persist.
Anheuser-Busch InBev said on Monday it would invest $300 million in its manufacturing operations in the United States this year amid a push for local production under President Donald Trump. The Budweiser maker, which said it invested nearly $2 billion over the last five years in 100 facilities across the country, also announced the launch of a new plant in Columbus, Ohio.
What matters in U.S. and global markets today. By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets?????. A confusing mix of trade policy shifts and opaque economic data has left financial markets and the Federal Reserve searching for solid ground.
* Networks to make star-studded pitches to brands this week. * Media firms may face pressure to offer pricing concessions. * Research firm says television ad spending could drop by $4 billion. By Lisa Richwine and Dawn Chmielewski.
* Bund yields reach one-month high amid easing trade tensions. * ECB board member Schnabel says central bank should stop cutting. * Markets price in ECB depo rate at 1.75% in December. * Economist Schmieding predicts slow euro zone growth. By Stefano Rebaudo.
* Bund yields rise amid easing trade tensions and geopolitical developments. * ECB board member Schnabel warns against further rate cuts due to inflation risks. * Economist Schmieding predicts slow euro zone growth amid ongoing trade uncertainties. By Stefano Rebaudo.
Euro area benchmark Bund yields hit a fresh one-month high and markets cut bets on European Central Bank interest rate cuts on Monday as less severe trade and geopolitical tensions eased concerns about economic growth. U.S. Treasury Secretary Scott Bessent said there had been "substantial progress" in trade talks between his team and that of Chinese Vice Premier He Lifeng in Geneva.
As global growth worries deepen, the coming days could be defined by relief if further U.S. trade deals come through - with focus on China - or more pessimism if disappoint. U.S. President Donald Trump heads to the Middle East, Asian currencies are on the rise, and Germany's new leader just got off to a wobbly start.
-The European Central Bank should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures and inflation was at risk of exceeding the bank's 2% target in the medium term, ECB board member Isabel Schnabel said on Friday.
The United States and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit while Chinese officials said the sides had reached "important consensus."
The United States and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit while Chinese officials said the sides had reached "important consensus."
Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.
Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.
U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing "substantial progress" in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva. CHRISTOPHER HODGE, CHIEF ECONOMIST, U.S., NATIXIS, NEW YORK.
The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum. Neither side released details after they wrapped up two days of talks in Switzerland.
The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum. Neither side released details after they wrapped up two days of talks in Switzerland.
China's car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment.
China's car sales in April rose for a third month, up 14.8% from a year earlier, as government-subsidised auto trade-ins mitigated the impact of U.S. tariffs on consumer sentiment.
China's car sales rose 14.8% in April from a year earlier, as government-subsidised auto trade-ins mitigate the impact of U.S. tariffs on consumer sentiment. Passenger vehicle sales totalled 1.78 million units last month and were up 8.2% at 6.97 million units in the first four months, data from the China Passenger Car Association showed on Sunday.
Chinese Vice Premier He Lifeng resumed talks with U.S. Treasury Secretary Scott Bessent on Saturday afternoon in Geneva in a tentative first step towards defusing a trade war that is disrupting the global economy.
* Talks in Geneva aim to defuse trade war disrupting global economy. * Expectations were low for major breakthrough amid US-China distrust. * Discussions to continue on Sunday. * China determined to defend international fairness, Xinhua says. By John Revill, Emma Farge and David Brunnstrom.
* Producer prices post steepest drop in six months. * Deflationary pressure may worsen as exports weaken, analyst says. * CPI slips 0.1% in April, matching forecasts.
China's factory-gate prices posted the steepest drop in six months in April while consumer prices fell for a third month, underlining the need for more stimulus as policymakers grapple with the economic toll from a trade war with the United States.
China's consumer prices fell for the third month in a row in April while producer deflation worsened, as policymakers navigate the economic impact of a trade war with the United States. The consumer price index edged down 0.1% last month from a year earlier, matching a 0.1% drop in March, National Bureau of Statistics data showed on Saturday.
The Fed should not commit to further interest rate cuts until it is clear whether the Trump administration's tariff policies lead to persistent inflation or a less serious, one-time adjustment in prices, St. Louis Fed President Alberto Musalem said on Friday. Musalem said he currently puts even odds on either of the two paths for inflation. That's a reason not to jump to conclusions, he said.
The Fed should not commit to further interest rate cuts until it is clear whether the Trump administration's tariff policies lead to persistent inflation or a less serious, one-time adjustment in prices, St. Louis Fed President Alberto Musalem said on Friday. Musalem said he currently puts even odds on either of the two paths for inflation. That's a reason not to jump to conclusions, he said.
-The European Central Bank should stop cutting borrowing costs as turmoil in the global economy is fuelling price pressures and inflation was at risk of exceeding the bank's 2% target in the medium term, ECB board member Isabel Schnabel said on Friday.
President Donald Trump's unfolding trade policy may curb U.S. productivity and possibly require higher interest rates to contain inflation in a less efficient economy, Federal Reserve governor Lisa Cook said on Friday.
President Donald Trump's unfolding trade policy may curb U.S. productivity and possibly require higher interest rates to contain inflation in a less efficient economy, Federal Reserve governor Lisa Cook said on Friday.
-U.S. Federal Reserve Governor Michelle Bowman has picked three staffers from the banking world, Bloomberg News reported on Friday, citing people familiar with the matter. The three were picked by Bowman and will be employed by the Fed to work in its Supervision and Regulation Division, according to the report.
U.S. Federal Reserve Governor Michelle Bowman has picked three staffers from the banking world, Bloomberg News reported on Friday, citing people familiar with the matter. The three were picked by Bowman and will be employed by the Fed to work in its Supervision and Regulation Division, according to the report.
The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland Federal Reserve President Beth Hammack said on Friday, noting that much of the administration's sweeping agenda remains unclear.
The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland Fed President Beth Hammack said on Friday, noting that much of the administration's sweeping agenda remains unclear.
* Bank of England cuts main interest rate to 4.25% from 4.5% * Two BoE policymakers unexpectedly oppose cutting rates. * Tariffs expected to knock growth, push down UK inflation. * Markets ditch bets on back-to-back May-June rate cuts. By David Milliken, Suban Abdulla and William Schomberg.
The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.
The Bank of England cut its main interest rate by 0.25 percentage points to 4.25% on Thursday, despite an unexpected three-way split among policymakers as U.S. President Donald Trump's tariffs weigh on global economic growth. The BoE's Monetary Policy Committee voted 5-4 in favour of the decision to cut rates by a quarter point.
Kevin Warsh, an apparent frontrunner to be U.S. President Donald Trump's pick to be the next chair of the Federal Reserve, on Friday suggested a possible pathway to the lower policy rates that Trump has repeatedly pressed the current Fed Chair Jerome Powell to deliver, and delivered a fresh dig at the Fed's conduct of monetary policy.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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