US-RUSSIA: Ceasefire Is Up To Russia Now - Trump
Mar-12 16:22
Reuters reporting comments from US President Donald Trump, ahead of a bilateral meeting at the White House with Irish Taoiseach Micheál Martin, on the ceasefire framework agreed by Ukraine in Saudi Arabia yesterday. Trump also touches on tariffs, saying there will be "very little flexibility" when the tariffs are initially put in place.
- Trump echoes US Secretary of State Marco Rubio, who said yesterday the "ball is in [Russia's] court", saying: "It is up to Russia now... we have people going to Russia right now... hopefully we can get a ceasefire... have gotten some positive messages on ceasefire."
- Trump notes: "We can pressure [Russia] but hope it’s not going to be necessary," adding "there are things you could do in a financial sense that would be very bad for Russia".
- The White House press pool notes that Trump also made some comments related to tariffs. Trump said: “We do have a massive deficit with Ireland… Ireland got pharmaceuticals through smart taxation,"
- RTE reports that Trump claimed Ireland, "took our pharmaceutical and other companies away through taxation."
- Reuters notes that Trump reiterated that the "EU was set up to take advantage of the US," and says there will be "flexibility on tariffs," but "very little flexibility when we start."
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FED: US TSY 13W AUCTION: NON-COMP BIDS $2.291 BLN FROM $84.000 BLN TOTAL
Feb-10 16:15
- US TSY 13W AUCTION: NON-COMP BIDS $2.291 BLN FROM $84.000 BLN TOTAL
FED: US TSY 26W AUCTION: NON-COMP BIDS $1.838 BLN FROM $72.000 BLN TOTAL
Feb-10 16:15
- US TSY 26W AUCTION: NON-COMP BIDS $1.838 BLN FROM $72.000 BLN TOTAL
US DATA: NY Fed Near-Term Inflation Expectations Bely U.Mich Jump
Feb-10 16:13
- The NY Fed consumer survey saw 1Y and 3Y inflation expectations unchanged in January at 3.0% although the 5Y bounced three tenths after a two tenth decline to 3.0% for its highest since May.
- 1Y inflation expectations have been particularly steady in recent months, averaging 3.0% since June in a 2.9-3.0% range.
- That’s in contrast to the U.Mich equivalent which has ramped up to 4.3% as of last week’s preliminary February release after 3.3% in July, but does have a pronounced issue with partisanship. It was 2.8% prior to Trump’s inauguration and 2.7% prior to the November presidential election.
- That said, the NY Fed’s 5Y metric is likely to be watched from here, with the 3.0% at joint highs for the limited history back to Jun 2022.
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