Category: tame
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Dollar treads water after tame US inflation report, yen rally stalls By Reuters
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By Alden Bentley NEW YORK (Reuters) – The dollar ended little changed on Friday, pressured by a drop in Treasury yields after a weak U.S. inflation report that investors said kept the door open for the Federal Reserve’s expected monetary policy easing in September. The Commerce Department’s personal consumption expenditures…
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Treasury proposes 5% spending cut to tame deficit
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Sources told Globes that during a meeting at the Ministry of Finance headed by the Minister of Finance yesterday, as part of a series of discussions on the state budget for 2025, the main proposal that was put forward was an overall 5% reduction in the state’s general budget. Budgets…
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Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spending is tame
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US CPI, retail sales and New York manufacturing data combined with the CPI falling 0.3%, retail sales showed no gains during the month and New York manufacturing had a weaker day. All of this gave the green light to risky assets as yields fell, stocks rose and the US dollar…