NY Fed adds extra daily standing repo operation covering year-end
(Reuters) – The Federal Reserve Bank of New York on Thursday said it will add an extra operation of its standing repo facility in the days covering the end of…
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El Salvador’s bitcoin wallet to be sold or discontinued after deal with IMF, official says
SAN SALVADOR (Reuters) – El Salvador’s official digital bitcoin wallet Chivo will be sold or discontinued, an official said on Thursday, a day after the Central American country struck an…
US new vehicle sales set to rise 7.3% in December, report says
(Reuters) – U.S. new vehicle sales are expected to rise 7.3% in December, aided by deeper discounts from automakers and dealers, industry consultants J.D. Power and GlobalData said in a…
Philly Fed’s manufacturing gauge slumps to 20-month low
(Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region slid to the lowest in nearly two years in December, with new orders and shipments both contracting in…
US existing home sales jump to eight-month high in November
WASHINGTON (Reuters) – U.S. existing home sales surged to an eight-month high in November, but higher mortgage rates and house prices remain a constraint heading into 2025. Home sales jumped…
US weekly jobless claims fall more than expected
WASHINGTON (Reuters) – The number of Americans filing new applications for jobless benefits fell more than expected last week, consistent with a gradual cooling in labor market conditions. Initial claims…
Deutsche Bank reacts to BoE’s cautious rate cut to 4.75%
The Bank of England (BoE) announced a reduction in the Bank Rate to 4.75%, marking the second cut in its current easing cycle. This move comes as a cautious approach…
Factbox-European companies cut jobs as economy sputters
(Reuters) -Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since…
Bank of England splits on rates outlook as it keeps borrowing costs on hold
By David Milliken and Suban Abdulla LONDON (Reuters) -Bank of England policymakers split over whether to cut interest rates on Thursday with more officials than expected seeking to help the…
Fed’s hawkish cut fires up rate hike debate: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -The end of the Federal Reserve’s interest rate-cutting cycle is suddenly in sight, and a complete U-turn with rate hikes next year can no…