By Michael S. Derby (Reuters) -Federal Reserve Bank of Dallas President Lorie Logan said Thursday the time has come for the central bank to modernize how it manages money market conditions to achieve its monetary policy objectives. To do this, Logan said the central bank’s long-standing practice of targeting the federal funds lending market needs to shift, with the Fed instead managing liquidity to control the trading level of the tri-party general collateral rate, or TGCR, given the vibrancy of that mar ...

U.S. stock futures are trading mixed on Thursday, September 25, 2025, as investors digest a flurry of economic data and brace for remarks from multiple Federal Reserve officials. The cautious sentiment follows two consecutive days of declines for the major U.S. indexes, driven by profit-taking in technology stocks and concerns over valuations.Premarket Trading Activity and Futures MovementsAs of early Thursday, futures tied to the S&P 500 (SPX) are slightly down by approximately 0.18% to 0.4%, while Nasdaq ...

美国国债正朝着五个交易日以来的首次上涨迈进。交易员预计，多位美联储官员即将发表的讲话，可能 会释放出更多降息信号。 当前美债各期限收益率普遍下行，其中10年期国债收益率下跌2个基点至4.13%。此前，由于美联储官 员在上周释放出对进一步宽松政策持谨慎态度的信号，且周一的相关表态延续了这一基调，美债市场一 直承压。 鉴于周二将有多位美联储官员发表讲话——包括主席鲍威尔及政策制定者古尔斯比、鲍曼和博斯蒂克， 投资者正寻求更明确的方向信号。目前市场对美联储未来政策路径的不确定性较高，因此投资者在押注 时更倾向于选择那些即便经济出现意外波动导致降息计划受阻，仍有望获得回报的标的。 Pepperstone高级研究策略师Michael Brown表示："市场希望鲍威尔能澄清上周降息被定性为'风险管理 式'举措所引发的部分困惑。"他还补充称，早盘两年期美债的拍卖可能会被市场较好消化。 上周鲍威尔实施备受期待的降息时，将此次降息描述为一次"风险管理式"的举措，并强调需在就业市场 出现的疲软迹象与通胀上行风险之间取得平衡。 自该决定公布以来，美联储官员对未来进一步宽松的时机与可能性释放出了相互矛盾的信号。美联储官 员穆萨勒姆表 ...

Key TakeawaysGold prices have surged to a new record high, now trading at $3,748 per ounce, reflecting heightened global uncertainties and expectations of shifting monetary policies.Ukraine has accepted the International Monetary Fund's (IMF) revised forecast of a significantly larger $65 billion funding shortfall through 2027, a substantial increase from its earlier $38 billion estimate.Ford Motor Company (F) is relocating its world headquarters for the first time in nearly 70 years to a new 2.1-million-sq ...

Alberto Musalem, President and CEO of the Federal Reserve Bank of St. Louis, speaks to the Economic Club of New York, in New York City, U.S., Feb. 20, 2025.St. Louis Federal Reserve President Alberto Musalem on Monday reiterated his support for last week's interest rate cut, but said he is wary about going much further.Speaking less than a week after the Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, the central bank official advocated caution as he con ...

U.S. stock futures fell on Monday following Friday’s positive moves. Futures of major benchmark indices were lower.On Sunday, President Donald Trump said media mogul Lachlan Murdoch and tech leaders Oracle Corp.‘s ORCL co-founder Larry Ellison and Dell Technologies Inc.‘s DELL CEO Michael Dell will take part as investors in a proposed deal to transfer TikTok‘s U.S. operations from Chinese parent ByteDance to American ownership. Speaking on Fox News’ Sunday Briefing, Trump praised the group and called them “ ...

布洛克表示："自我们上次会议以来，经济持续扩张，在私人需求复苏的推动下，经济活动的增长速度 也有所加快。" 特朗普政府的保护主义政策、地缘政治紧张局势等因素加剧了国际不确定性。澳洲联储官员表示，他们 所设想的最坏情况并未发生，因为澳大利亚被征收10%的全球基准税率，并且许多国家并未对美国采取 报复措施。 布洛克此前曾表示，为实现澳洲联储最新的就业和通胀预测，可能还需要"再降息几次"。经济学家预 计，澳洲联储将在11月降息，并在明年初再次降息。 上周，在白宫数月施加巨大压力要求削减借贷成本后，美联储今年首次下调基准利率，并计划在2025年 再降息两次。 澳大利亚劳动力市场一直是经济的亮点，尽管近期出现了一些放缓迹象——招聘活动减少，跳槽率的放 缓速度快于其他劳动力市场指标。这表明，工人为了追求更高的薪酬而跳槽的速度不如以前，通常是因 为他们对就业需求的信心有所减弱。 上周公布的就业数据显示，澳大利亚8月份失业率稳定在4.2%。 澳洲联储主席米歇尔.布洛克表示，自8月份会议以来，经济数据一直符合或略强于预期。经济学家预测 澳洲联储下周将维持利率不变。 布洛克周一向议员们表示，通胀率已"大幅"下降，劳动力市场接近充 ...

Core Points - The People's Bank of China (PBOC) has maintained its benchmark lending rates unchanged for the fourth consecutive month, with the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5% [2][3][4] - This decision aligns with economists' expectations, as Chinese authorities are refraining from major stimulus measures despite signs of economic fatigue [3][5] - The PBOC's last rate cut occurred in May, where key lending rates were reduced by 10 basis points as part of efforts to support the economy [3][4] Economic Context - China's export growth slowed to 4.4% in August, the lowest rate since February, influenced by waning frontloading shipments and U.S. trade policies [5] - Policymakers are anticipated to implement marginal monetary easing later this year to achieve the government's annual growth target of around 5% [5]

And he joins us now first on CNBC, newly confirmed Fed Governor Steven Myron. Our Steve Leeman, of course, also with us. It's great to see you, Mr.. Governor. First of all, congratulations on the confirmation and getting inside the Fed. >> Thank you and thanks for having me back.It's great to see you. >> Well, I I'm glad that you're here because I think a lot of people want to know why you desented first of all for 50 basis point cut when the rest of the committee voted on quarter point. >> Yeah, of course. ...

One basis point is equal to 0.01%, and yields and prices move in opposite directions.The 10-year Treasury note yield gained more than 3.1 basis points to 4.135%, and earlier reached 4.145%, while the 2-year Treasury yield added 1 basis point to 3.578% after touching 3.59%. The intraday yield on both was the highest in two weeks, since Sept. 5.U.S. Treasury yields rose on Friday as investors weighed the state of the U.S. economy and future monetary policy after the Federal Reserve on Wednesday cut interest r ...