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Traders now see just one Fed rate cut this year
Feb 7 (Reuters) - Traders of short-term interest-rate futures on Friday now expect the Federal Reserve to cut interest rates just one time this year, backing away from earlier bets on two rate cuts starting in June, after government data showed the labor market remains strong and a closely-watched s...Reuters
Feb 7, 2025
Mexico inflation slows in January as central bank steps up rate cuts
Adds president's comments in paragraphs 7-8 MEXICO CITY, Feb 7 (Reuters) - Mexico's annual inflation rate slowed slightly more than expected in January, official data showed on Friday, after the central bank accelerated the pace of its interest rate cuts and signaled more monetary easing ...Reuters
Feb 7, 2025
Canadian labour markets shows signs of firming in January – RBC Economics
Canadian labour markets surprised broadly on the upside for a second straight month in January, with employment rising solidly and the unemployment rate unexpectedly slipping lower, RBC Economics’ Assistant Chief Economist Claire Fan notes.Fxstreet
Feb 7, 2025
TREASURIES-US Treasury yields rise after jobs data
Updated in early morning New York timeBy Karen Brettell NEW YORK, Feb 7 (Reuters) - U.S. Treasury yields rose on Friday after data showed that employers added fewer jobs than expected in January, while wage inflation beat economists' expectations.U.S. job growth was likely restrained by wildf...Reuters
Feb 7, 2025
Jobs data shows need for Trump's policies, White House says
WASHINGTON, Feb 7 (Reuters) - The U.S. Labor Department's latest jobs report "underscores the necessity of President Trump’s pro-growth policies," the White House said on Friday. The U.S. economy created 598,000 fewer jobs in the 12 months through March than previously estimated, accordi...Reuters
Feb 7, 2025
Fed's Kashkari sees policy rate 'modestly lower' at end-2025
Adds Kashkari comments starting in paragraph 2 Feb 7 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said fresh data published Friday shows the labor market is strong, and if inflation continues to cool, the U.S. central bank's policy rate will be "modestly&...Reuters
Feb 7, 2025
COLUMN-Fed nears QT crossroads as 'excess liquidity' evaporates: McGeever
By Jamie McGeeverORLANDO, Florida, Feb 7 (Reuters) - A key measure of excess liquidity in the financial system is evaporating rapidly. Once it disappears, further reduction of the Federal Reserve's balance sheet - 'quantitative tightening' - could trigger a potentially worrying decline i...Reuters
Feb 7, 2025
ISO New England briefly curtails power exports to meet domestic demand
Feb 7 (Reuters) - U.S. power grid operator ISO New England said it briefly curtailed power exports to other regions on Friday morning due to higher than forecast demand.The curtailments lasted about an hour, beginning at 7 a.m. EST and were stopped around 8 a.m."Demand was higher than forecasted...Reuters
Feb 7, 2025
Canada's unemployment rate drops again in January, job gains solid
Unemployment rate falls for second month in a row, to 6.6%Economy adds a net of 76,000 jobs in JanuaryAverage hourly wage growth came in at 3.7%, Statscan saysAdds economist comments in paragraphs 10-11, photosBy Promit MukherjeeOTTAWA, Feb 7 (Reuters) - Canada's unemployment rate unexpectedly f...Reuters
Feb 7, 2025
Fed policy rate likely 'modestly lower' at end-2025 than now, Kashkari says
Feb 7 (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said that if inflation drops further this year as he expects, he would support cutting interest rates so that they are "modestly" lower by the end of the year than where they are now, barring some big surpri...Reuters
Feb 7, 2025
Euro zone government bond yields edge up after US data
By Stefano Rebaudo Feb 7 (Reuters) - Euro zone government bond yields rose after U.S. unemployment data supported expectations that the Federal Reserve would postpone interest rate cuts until at least June.U.S. job growth slowed more than expected in January, likely restrained by wildfires in Cal...Reuters
Feb 7, 2025
Fed's Kashkari: Most important data today is the 4% unemployment rate
In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said that he would move towards supporting further rate cuts if they see good inflation data and the labor market stays strong, as reported by Reuters.Fxstreet
Feb 7, 2025
INSTANT VIEW-Canada's economy adds 76,000 jobs in January
TORONTO, Feb 7 (Reuters) - Canada's economy added 76,000 jobs in January and the jobless rate edged down to 6.6%, Statistics Canada data showed on Friday. Market reaction: CAD/Link: https://www150.statcan.gc.ca/n1/daily-quotidien/250207/dq250207a-eng.htmCOMMENTARYANDREW KELVIN, HEAD O...Reuters
Feb 7, 2025
US job growth through March revised down by 598,000
WASHINGTON, Feb 7 (Reuters) - The U.S. economy created 598,000 fewer jobs in the 12 months through March than previously estimated, the Labor Department's Bureau of Labor Statistics (BLS) said on Friday.The final nonfarm payrolls benchmark revision was less than the 818,000 reduction the BLS est...Reuters
Feb 7, 2025
