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…
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Fed’s Williams says policy data dependent in very uncertain environment
By Michael S. Derby HARTFORD, Connecticut (Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that future monetary policy actions will be driven by economic data…
Yellen defends COVID spending, says it saved millions from losing jobs
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday will defend the Biden administration’s response to the COVID pandemic, arguing that its stimulus spending and other…
Bank of England to cut interest rates four times this year – Reuters poll
By Hari Kishan and Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters…
Michigan governor warns Trump tariffs on Mexico, Canada could harm US auto sector
(Reuters) – Michigan Governor Gretchen Whitmer on Wednesday warned that potential 25% tariffs on imports from Mexico and Canada suggested by President-elect Donald Trump could harm the U.S. auto sector,…
Wall Street analysts react to latest inflation data
Investing.com — The latest U.S. Consumer Price Index (CPI) report has sparked a range of reactions from Wall Street analysts, with key implications for Federal Reserve policy and market expectations. ING…
Fed’s Barkin says latest CPI data shows price pressures continue to ease
ANNAPOLIS, Maryland (Reuters) – U.S. inflation data for December indicates price pressures are continuing to ease, Richmond Federal Reserve President Thomas Barkin said on Wednesday after a government report showed…
Morgan Stanley says USD/IDR stability remains uncertain after a surprise rate cut
Investing.com — In an unexpected move, Bank Indonesia (BI) has trimmed its policy rate by 25bps, a strategy aimed at bolstering domestic growth. Prior to this, BI had underscored its…
Canadian home sales fall in December; up 10% in fourth quarter
By Fergal Smith TORONTO (Reuters) – Canadian home sales took a breather in December but were still 10% higher in the fourth quarter compared to the third quarter as the…
US imposing new export controls on biotech equipment over China concerns
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said Wednesday it is imposing new export controls on biotechnology equipment and related technology because of national security concerns tied…