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Fed's Cook: Can be more cautious with further cuts given labor market resilience, stickier inflation
Federal Reserve (Fed) Governor Lisa Cook said on Monday that Fed policymakers could be more cautious with further rate cuts, citing labor market resilience and stickier inflation, per Reuters.Fxstreet
Jan 6, 2025
Fed's Cook: Further rate cuts can come cautiously
By Howard SchneiderJan 6 (Reuters) - The U.S. Federal Reserve can be cautious with any further interest rate cuts given a solid economy and inflation proving stickier than previously expected, Fed Governor Lisa Cook said on Monday.Since the Fed began cutting its benchmark policy rate in September, "...Reuters
Jan 6, 2025
Bank of Israel holds rates again with inflation still above target
JERUSALEM, Jan 6 (Reuters) - The Bank of Israel left interest rates unchanged for the eighth straight meeting on Monday after inflation eased slightly but economic uncertainty remained due to Israel's ongoing war with Palestinian Islamist group Hamas in Gaza.The central bank - also worried about Isr...Reuters
Jan 6, 2025
CAD: PM may resign this week – Scotiabank
The Canadian Dollar (CAD) perked up notably overnight on news that PM Trudeau may resign this week. Reports suggesting President-elect Trump might moderate plans for a broad application of tariffs have added to gains, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
Fxstreet
Jan 6, 2025
The First Voice from FED in the Beginning of 2025: Hawkish! The Slowdown in Inflation Is Questioned as an Illusion
TradingKey - After the hawkish rate cut at December 2024 policy meeting, at the start of 2025, Federal Reserve officials made "hawkish" remarks, emphasizing that the Federal Reserve's task of combating inflation is still unfinished, which means that there are still significant obstacles to the Fed..
BRIEF-Salesforce Data Shows Holiday Shoppers Spent A Record $1.2 Trillion Online, Up 3%
Jan 6 (Reuters) - Salesforce Inc CRM.N:SALESFORCE DATA SHOWS HOLIDAY SHOPPERS SPENT A RECORD $1.2 TRILLION ONLINE, UP 3%SALESFORCE DATA SHOWS HOLIDAY SHOPPERS SPENT $282 BILLION IN THE U.S., UP 4%SALESFORCE: SHOPPERS HAVE SENT BACK $122 BILLION IN MERCHANDISE BOUGHT DURING HOLIDAY SHOPPING SEASONSAL...Reuters
Jan 6, 2025
AI-influenced shopping boosts online holiday sales, Salesforce data shows
Jan 6 (Reuters) - Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly 4% year-over-year, according to a report by Salesforce.Retailers turned to nifty conversational customer servi...Reuters
Jan 6, 2025
UPDATE 1-UK firms lost momentum and cut staff after budget, surveys show
UK final December composite PMI 50.4 vs preliminary 50.5Businesses shedding jobs at fastest rate since January 2021BCC and FSB surveys also paint gloomy picture Adds BCC and FSB surveys and economist reaction in paragraphs 4, 9-10 and 16-17By Andy Bruce and David Milliken Jan 6 (Reuters) - Britis...Reuters
Jan 6, 2025
USD/JPY: Chance of a rate hike at the next MPC – OCBC
USD/JPY continued to hover near recent highs. BOJ Governor Ueda reiterated that BOJ will raise policy rate if economic conditions continue to improve this year. Pair was last seen trading at 157.63, OCBC’s FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Jan 6, 2025
US President-elect Trump aides considering universal tariffs on critical imports – Washington Post
US President-elect Donald Trump's aides are considering tariffs that would be applied to every country but only cover critical imports, the Washington Post reported on Monday, per Reuters.Fxstreet
Jan 6, 2025
Bund yields hit fresh 2-month high before German inflation data
By Stefano Rebaudo Jan 6 (Reuters) - Euro zone benchmark Bund yields hit a fresh two-month high on Monday, with markets scaling back bets on European Central Bank rate cuts ahead of the release of German inflation data.The consumer price index of the German state of Hesse rose 2.7% year-on-year. ...Reuters
Jan 6, 2025
Trump's policies may not prove inflationary, Bernanke, others say
Bernanke, Romer, Furman see limited inflation impactsTrump plans tariffs, tax cuts; exact policies still an unknownSome analysts continue to express worriesBy Ann SaphirSAN FRANCISCO, Jan 6 (Reuters) - A number of leading economists, including advisers to past U.S. presidents, have coalesced around ...Reuters
Jan 6, 2025
UK firms lose more momentum and cut staff in December in wake of budget, PMI shows
By Andy Bruce Jan 6 (Reuters) - British business activity growth slowed to a crawl in December and employers cut staffing at the fastest rate in almost four years as a slump in corporate morale after the government's budget rumbled on, a survey showed on Monday.The final reading of the UK S&P Com...Reuters
Jan 6, 2025
