US businesses wary of Trump policy impacts, Fed survey shows
By Ann Saphir (Reuters) -The U.S. economy ended 2024 with a slight to moderate increase in activity and a tick upward in employment, the Federal Reserve said on Wednesday, but…
Economy
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Cooling inflation eases rate jitters, but Macquarie continues to see just one cut
Investing.com — The surprise dip in core inflation in December eased some jitters about a long Federal Reserve pause, but Macquarie is still sticking with its call for one rate…
Drake sues longtime label UMG for defamation over Kendrick Lamar’s ‘Not Like Us’
By Jonathan Stempel NEW YORK (Reuters) – Drake sued his longtime label on Wednesday, accusing Universal Music Group (AS:UMG) of defamation for promoting Kendrick Lamar’s “Not Like Us,” saying the…
Potential higher tariffs stoke worries on economy, higher inflation: Biege Book
Investing.com — The potential for higher tariffs from the incoming Donald Trump administration has stoked concerns about economy and inflation at time when price pressures are expected to persists this…
Fed hawks and doves: what US central bankers are saying
(Reuters) – U.S. central bankers project more limited interest-rate cuts in 2025 than the full percentage point of reductions they delivered in 2024, given slower progress toward their 2% inflation…
Macquarie expects FOMC to cut rates after US CPI data
Macquarie has reaffirmed its expectation that the Federal Open Market Committee (FOMC) will implement a single 25 basis points rate cut following the latest U.S. consumer price index (CPI) data.…
Bank of England official urges swift rate cut amid economic slowdown signs
Investing.com — Alan Taylor, the most recent appointee to the Bank of England’s (BoE) interest rate-setting body, has called for a swift reduction in interest rates in response to indications…
Latest US sanctions on Russia more serious says Macquarie
Macquarie strategists assessed the latest round of US sanctions, emphasizing their severity compared to previous measures. The sanctions, which target individuals, corporate entities, and assets, including unregistered vessels transporting hydrocarbons,…
Hedge funds increased bearish bets ahead of Friday’s blowout US jobs report, banks say
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds added more bets against U.S. stocks over the last week through Jan 9, ahead of a blowout U.S. jobs report…
Bank of England’s Taylor says it’s time to cut interest rates
By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain’s economy, Alan Taylor, the BoE’s…