News
Important Only
Fed's Logan: Cooling labor market could be evidence its time to cut rates
Federal Reserve (Fed) Bank of Dallas President Lorie Logan hit newswires late on Thursday, noting that inflation progress has been significant, the US labor market remains far too firm to push the Fed into rate cuts any time soon.Fxstreet
Feb 6, 2025
Mohawk beats fourth-quarter estimates on steady demand for flooring
Feb 6 (Reuters) - Home flooring manufacturer Mohawk Industries MHK.N topped analysts' estimates for fourth-quarter revenue and profit on Thursday, helped by resilient demand for remodeling and new commercial projects.Mohawk's commercial business continues to outperform its residential busine...Reuters
Feb 6, 2025
Dallas Fed's Logan signals rate cuts require US labor market cooling
Feb 6 (Rueters) - Dallas Federal Reserve Bank President Lorie Logan on Thursday signaled she was ready to keep interest rates on hold for "quite some time" even if inflation drops closer to the Fed's 2% goal, as long as the labor market does not falter. She said she would view the combin...Reuters
Feb 6, 2025
Johnson says work being done to finish 'final details' of bill to extend Trump tax cuts
WASHINGTON, Feb 6 (Reuters) - Republican U.S. House of Representatives Speaker Mike Johnson said on Thursday work was being done to finish "final details" of a bill to extend President Donald Trump's tax cuts, but no deal had yet been reached.Reuters
Feb 6, 2025
Bank of Mexico lowers key rate to 9.5%, accelerates pace of cuts
Biggest rate cut since rate-cutting cycle started in March 2024Cut comes as inflation seen hitting four-year low in JanuaryDeputy Governor Jonathan Heath voted for a 25-basis-point cutAdds details from monetary policy statement and context throughoutBy Brendan O'Boyle MEXICO CITY, Feb 6 (Reut...Reuters
Feb 6, 2025
Trump's trade chief nominee Greer says universal tariff needs more study
Trump's USTR pick Greer will study rising US trade deficitUS wants balanced trading relationship with ChinaFirst Trump tariff moves are about curbing fentanyl, Greer saysCountries must lower trade barriers to enjoy US market accessGreer wants to open markets for US farm goods, cites India, Turke...Reuters
Feb 6, 2025
Boston Fed maps out inflation response to Trump trade tariffs
Trump tariffs could raise inflation by 0.8 percentage point, Boston Fed reportsFed faces inflation above 2% target, uncertain tariff impactBoston Fed President Collins warns tariffs affect prices of final and intermediate goodsBy Michael S. Derby NEW YORK, Feb 6 (Reuters) - The full suite of tari...Reuters
Feb 6, 2025
What to Watch in the Day Ahead - Friday, February 7
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Workspace/Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMTThe U.S. Labor Department's clo...Reuters
Feb 6, 2025
Bank of Mexico lowers key interest rate to 9.50%
MEXICO CITY, Feb 6 (Reuters) - The Bank of Mexico lowered its benchmark interest rate by 50 basis points to 9.50% on Thursday as inflation cools, saying it could cut by a similar magnitude at future monetary policy meetings.The decision by the central bank's five-member governing board was not u...Reuters
Feb 6, 2025
Fed's Goolsbee: Uncertainty means Fed will hit a slower pace of cuts
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Thursday that while the Fed is on pace to achieve its inflation and employment targets, there is still some room to move on inflation before victory can be claimed.Fxstreet
Feb 6, 2025
US Treasury Secretary Bessent: We aren't focused on whether the Fed will cut
US Treasury Secretary Scott Bessent hit newswires on Thursday, touching on a variety of topics that suggest the President Donald Trump's administration will achieve both US Dollar (USD) strength and a general decline in Treasury yields at the same time.Fxstreet
Feb 6, 2025
South Africa 'will not be bullied,' Ramaphosa says after Trump attack
New throughoutBy Wendell Roelf and Nellie Peyton CAPE TOWN, Feb 6 (Reuters) - South African President Cyril Ramaphosa said on Thursday that his country "will not be bullied," days after U.S. President Donald Trump said he would cut off funding to South Africa over a land reform act.Trump ...Reuters
Feb 6, 2025
Bessent's focus on 10-year US Treasury yield may let Fed off the hook
Success of Trump's economic plans may hinge on 10-year Treasury yield Bessent focusing on 10-year yield, not Fed's short-term rateGuha says deregulation and debt management may lower yieldsBy Howard Schneider WASHINGTON, Feb 6 (Reuters) - The Trump administration's emerging focus on l...Reuters
Feb 6, 2025
Goolsbee: Fed in solid place for eventual cuts though uncertainty means a slower approach
By Howard SchneiderDETROIT, Feb 6 (Reuters) - A full-employment economy with solid growth and falling inflation will let the U.S. Federal Reserve continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach, Chicago Fed Preside...Reuters
Feb 6, 2025
REFILE-Reuters Econ World: Central bank decoupling
Adds missing textBy Carmel Crimmins Feb 6 - It’s been a head-spinning week, I think we can all agree. U.S. President Donald Trump’s on-off tariffs on Canada and Mexico have some investors hoping that the potential trade sanctions are just a bargaining tactic. Let’s see.What does Trump want? That&...Reuters
Feb 6, 2025
Med crude-Urals diffs stable, freight rates in Russia's East ease
MOSCOW, Feb 6 (Reuters) - Urals crude differentials were steady on Thursday, while freight rates for Russia's oil loading from Far East Kozmino port eased amid higher availability, traders said. Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50% ...Reuters
Feb 6, 2025
