New York Fed says as of January reserve levels still abundant
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve Bank of New York released data Thursday that suggest it faces no imminent pressure to stop the process of…
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US business inventories edge up in November
WASHINGTON (Reuters) – U.S. business inventories rose marginally in November, suggesting that restocking will probably not contribute to economic growth in the fourth quarter. Inventories ticked up 0.1% after being…
Fed’s Waller: Cuts could come sooner than later if disinflation meets expectations
WASHINGTON (Reuters) – Inflation is likely to continue to ease and possibly allow the Federal Reserve to cut rates sooner and faster than expected, Fed governor Chris Waller said Thursday…
Column-EM central banks cool on Treasuries, stoking bond yield heat: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – Spiking Treasury yields and the ‘wrecking ball’ dollar are creating a negative feedback loop that monetary authorities around the globe may be helping…
ECB’s Lagarde moves markets with a frown, Draghi with a smile, study finds
FRANKFURT (Reuters) – The European Central Bank’s President Christine Lagarde can move financial markets with a frown, while her predecessor, Mario Draghi, used a smile to reinforce his message, a…
Bank of Canada to cut rates on Jan. 29, cautious over potential US tariff impact: Reuters poll
By Mumal Rathore BENGALURU (Reuters) – The Bank of Canada will cut interest rates by 25 basis points to 3.00% on Jan. 29, according to a Reuters poll of economists,…
Golf-LIV Golf signs multi-year media rights deal with Fox Sports
(Reuters) – Fox Sports has signed a multi-year media rights agreement with LIV Golf to broadcast its league competition in the U.S. starting next month, the network announced on Thursday.…
Philly Fed’s factory gauge surges by most since June 2020
(Reuters) – A gauge of manufacturing activity in the U.S. Mid-Atlantic region shot up by the most in about four-and-a-half years in January, with new orders and shipments both surging,…
Policy uncertainty clouding the US economic outlook for 2025, Wells Fargo says
Investing.com – The US economy has entered 2025 with a “strong head of steam” although uncertainty around President-elect Donald Trump’s policy plans has clouded the outlook for the year, according to…
Factbox-Most brokerages stick to their Fed rate cut predictions after CPI data
(Reuters) -Major brokerages stuck to their predictions on interest rate cuts in 2025, after U.S. inflation data came in line with expectations on Wednesday, easing investor nerves, following a surprisingly…