News
Important Only
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
TREASURIES-US Treasury yields rise after jobs data
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. Employers added 143,000 jobs last month, below economists' expectations for 170,000 job gains. Avera...Reuters
Feb 7, 2025
Europe and Canada boosted defence spending 20% in 2024, NATO says
Adds context including Trump's 5% call from paragraph 7By Andrew Gray BRUSSELS, Feb 7 (Reuters) - Defence spending by NATO's European members and Canada was 20% higher in 2024 than the previous year, NATO Secretary General Mark Rutte said on Friday, ahead of a meeting in which they are l...Reuters
Feb 7, 2025
Traders see Fed cutting rates in June after jobs data
Feb 7 (Reuters) - Traders of short-term interest-rate futures continue to bet the Federal Reserve will next cut its policy rate in June after a government report showed the U.S. unemployment rate was 4% last month.Traders also continue to see a second rate cut by the end of 2025 as more likely than ...Reuters
Feb 7, 2025
