Brazil’s Lula may make changes to the cabinet before Jan. 21
SAO PAULO (Reuters) – Brazil’s President Luiz Inacio Lula da Silva may change officials in his cabinet before a meeting with ministers schedule to Jan. 21, Chief of Staff Rui…
Economy
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UK inflation expectations rise in December, Citi/YouGov survey shows
LONDON (Reuters) -British households’ expectations for inflation rose in December, according to a survey published on Thursday that may add to concerns among investors about the slow pace of future…
Austria’s far-right led coalition talks set to begin, thousands protest
By Francois Murphy VIENNA (Reuters) – Talks to form a coalition government led by Austria’s far-right Freedom Party (FPO) will begin on Friday, the party said on Thursday, as thousands…
Fed’s Bowman: supported Dec. rate cut as ‘final’ recalibration step
(Reuters) – Federal Reserve Governor Michelle Bowman on Thursday said she supported last month’s interest-rate cut as the “final step” in the U.S. central bank’s monetary policy recalibration, with rising…
US Senate planning Jan. 16 hearing for Trump Treasury pick Bessent, Politico reports
WASHINGTON (Reuters) – The U.S. Senate Finance Committee is planning a Jan. 16 hearing on President-elect Donald Trump’s nominee to lead the U.S. Department of Treasury, Scott Bessent, Politico reported…
UN predicts world economic growth to remain at 2.8% in 2025
UNITED NATIONS/NEW DELHI (Reuters) – Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the U.S. and China,…
Fed’s Schmid says central bank ‘near’ neutral interest rate level
By Michael S. Derby NEW YORK (Reuters) – Kansas City Federal Reserve President Jeff Schmid signaled on Thursday a reluctance to cut interest rates again as the U.S. central bank…
LA wildfire insured losses total billions of dollars, ratings agencies say
LONDON (Reuters) – The most destructive wildfires ever for Los Angeles may cause billions of dollars in insured losses, ratings agencies said on Thursday, though many homes are likely uninsured.…
U.S. mortgage rates hit six-month high, potential homebuyers may feel the pinch
Investing.com — U.S. mortgage rates rose to a new six-month high this week, a development that, coupled with high house prices, could further limit potential homebuyers, according to Freddie Mac…
US 30-year fixed-rate mortgage rate hovers just under 7%
WASHINGTON (Reuters) – U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could further squeeze potential buyers from the market.…