News
Dollar poised for third weekly gain as buoyant data seen keeping Fed cuts at bay
3+ hour, 6+ min ago (501+ words) TOKYO, Jan 16 (Reuters) " The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon. The greenback rose overnight on a surprise decline in weekly jobless…...
ECB on a steady rate path for now but Fed tussle a risk, chief economist warns
7+ hour, 25+ min ago (452+ words) FRANKFURT, Jan 16 (Reuters) " The European Central Bank will not debate any rate change in the near term if the economy stays on course, but new shocks, like a potential deviation by the Federal Reserve from its mandate, could upset "the…...
Investors bank on US earnings strength as policy noise grows louder
9+ hour, 50+ min ago (660+ words) NEW YORK, Jan 16 (Reuters) " Investors will be counting on a strong corporate earnings season to keep the rally in U.S. stocks intact as they digest a wave of domestic policy proposals and heightened geopolitical tensions to start the year. After banks…...
US current account deficit contracts sharply in the third quarter
20+ hour, 1+ min ago (296+ words) WASHINGTON, Jan 14 (Reuters) " The U.S. current account deficit narrowed sharply in the third quarter as tariffs weighed on imports and primary income surged. The "Commerce Department's Bureau of Economic Analysis said on Wednesday the current account deficit, which measures the flow…...
New York Fed desk plans to conduct purchases worth over $55 billion over next month
1+ day, 11+ hour ago (80+ words) New York Fed desk plans to conduct purchases worth over $55 billion over next month'WTVB New York Fed desk plans to conduct purchases worth over $55 billion over next month Jan 14 (Reuters) " The New "York Federal Reserve's operations desk plans to conduct…...
Goolsbee calls Powell ‘first-ballot hall-of-fame Fed chair,’ NPR says
1+ day, 14+ hour ago (307+ words) Jan 14 (Reuters) " The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe "into Federal Reserve Chair Jerome Powell, threaten to make that task harder, Chicago Fed President Austan…...
Instant View: December rise in US consumer prices backs Fed pause this month
1+ day, 22+ hour ago (596+ words) NEW YORK, Jan 13 (Reuters) " U.S. consumer prices increased in December, data showed on Tuesday, as the distortions related to the government shutdown that had artificially lowered inflation in the November unwound, cementing expectations the Federal Reserve would leave interest rates unchanged…...
Fed’s Barkin calls December inflation data encouraging
1+ day, 22+ hour ago (356+ words) WASHINGTON, Jan 13 (Reuters) " Richmond Federal Reserve President Tom Barkin on Tuesday called December's inflation data "encouraging," though he'noted inflation often spikes at the start of the year and said "he hopes it will come in at modest levels for the…...
Bank of England’s Taylor says rates set to fall further as inflation drops
1+ day, 23+ hour ago (182+ words) LONDON, Jan 14 (Reuters) " Interest rates set by the Bank of England should continue to fall "as inflation is likely to settle around the central bank's 2% target soon, BoE policymaker Alan Taylor said on Wednesday. "We can now see inflation at…...
Japan will not comment on BOJ’s absence in joint Powell statement
2+ day, 2+ hour ago (208+ words) TOKYO, Jan 14 (Reuters) " Japan declined on Wednesday to comment on the Bank of Japan's absence from a "statement by other central banks supporting U.S. Federal Reserve chair Jerome Powell, following the Trump administration's threat of criminal indictment. "The matter concerns the…...