Morning Bid: Awaiting China data deluge, US yields drift lower
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Relief from the positive U.S. and UK inflation surprises this week appears to have evaporated, at…
Economy
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Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall Street Journal reported on Thursday. “I have over…
Tear down barriers to growth, UK finance minister tells regulators
LONDON (Reuters) – Finance minister Rachel Reeves has urged Britain’s regulators to remove barriers to economic growth, tasking them with creating a regulatory environment that boosts investment and innovation. In…
Trump’s US Treasury pick Bessent says extending tax cuts a top priority
(Reuters) – Scott Bessent, U.S. President-elect Donald Trump’s choice to head the Treasury Department, on Thursday said that extending Trump’s 2017 tax cuts that are set to expire at the…
World Bank warns U.S. tariffs could dent global economic growth
Investing.com — The World Bank said on Thursday that a 10% across-the-board tariff imposed by the U.S. could decrease the global economic growth rate, which is already tepid at 2.7%…
World Bank warns that US tariffs could reduce global growth outlook
By Andrea Shalal WASHINGTON (Reuters) – The World Bank on Thursday warned that U.S. across-the-board tariffs of 10% could reduce already lackluster global economic growth of 2.7% in 2025 by…
Scott Bessent’s hearing for Treasury Secretary: tariffs, taxes and spending in focus
Investing.com — Scott Bessent, the fund manager selected by President-elect Donald Trump to head the Treasury Department, faced questions on tariffs, tax policy, and budget deficits during his confirmation hearing.…
Tariff-fuelled dollar gains pose global stagflation risks, BIS warns
By Marc Jones LONDON (Reuters) – Staff at central bank umbrella group, the Bank for International Settlements, have warned of a global bout of stagflation if trade tariffs promised by…
Capital Economics sees economic progress in South Africa
Capital Economics highlighted the progress made by South Africa’s Government of National Unity (GNU) in the six months since its formation, noting improved market goodwill, no recent loadshedding, and eased…
Fed should stay independent, Trump’s pick for US Treasury Secty says
(Reuters) – The Federal Reserve should stay independent, Trump’s pick to be U.S. Treasury Secretary told a Senate panel on Thursday. “I think on monetary policy decisions, the FOMC should…