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UPDATE 2-Fed's Kugler, Daly say job not done on inflation
Policymakers also say they don't want to increase unemploymentFed has signaled slower rate cuts this year than lastEffect of Trump policies on economy remains a wildcardAdds inflation figures in paragraph 3, policymakers not addressing the potential effect of Trump's economic policies in paragraph 7...Reuters
Jan 5, 2025
UPDATE 1-Fed's Kugler, Daly say job not done on taming inflation
Adds comments from Daly, Kugler in paragraphs 4-5, background in paragraph 2-3By Ann SaphirJan 4 (Reuters) - Two Federal Reserve policymakers on Saturday said they feel the U.S. central bank's job on taming inflation is not yet done, but also do not want to risk damaging the labor market in the pro...Reuters
Jan 4, 2025
Fed's Kugler, Daly say job not done on taming inflation
Jan 4 (Reuters) - Federal Reserve Governor Adriana Kugler on Saturday said the U.S. economy ended 2024 in a good place, with inflation down from its peak and the labor market near full employment, but the U.S. central bank's job on taming inflation is not yet done. Speaking at the same panel, San Fr...Reuters
Jan 4, 2025
EXPLAINER-What's next after Biden blocked the $15 bln Nippon Steel/US Steel deal?
US Steel, Nippon Steel blast Biden's block of dealConcerns about U.S.-Japanese relationsUnion says job risk unfoundedUpdates to add pictures available Jan 4 (Reuters) - U.S. President Joe Biden blocked Nippon Steel's 5401.T proposed $14.9 billion purchase of U.S. Steel X.N citing national securit...Reuters
Jan 4, 2025
EXPLAINER-What's next after Biden blocked the $15 bln Nippon Steel/US Steel deal?
US Steel, Nippon Steel blast Biden's block of dealConcerns about U.S.-Japanese relationsUnion says job risk unfoundedRewrites throughout, adds background, details on Trump position, relationship with Japan, outlook for US Steel, changes headline Jan 4 (Reuters) - U.S. President Joe Biden blocked ...Reuters
Jan 4, 2025
UPDATE 13-Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
Adds U.S. Steel CEO comment, former Obama aide, closing share priceBiden cites national security as reason for blocking saleCompanies call decision a 'violation of due process'U.S. Steel's path forward is unclearSteelworkers union praises U.S. president's decisionBy David Shepardson, Tim Kelly, Andr...Reuters
Jan 3, 2025
UPDATE 1-Fed's Kugler says data will drive Fed policy choices amid uncertainty
Fed's Kugler tells CNBC data driving Fed policyFed's Kugler sees economy in good place, job market resilientFed's Kugler watching for evidence inflation easing againAdds more details, background throughoutBy Michael S. Derby Jan 3 (Reuters) - Federal Reserve Governor Adriana Kugler said on Friday...Reuters
Jan 3, 2025
TABLE-US light-vehicle sales volumes in Q4 2024
Jan 3 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q4 2024: AUTOMAKERQ4 2024Q4 2023PCT CHNG1General Motors755,160625,17620.8%2Toyota Motor^603,104619,661-2.7%3Ford Motor530,660487,8408.8%4Honda Motor Co^^367,362337,5118.8%5Hyundai226,308206,0489.8%6Nissan^^^222,484201,74710...Reuters
Jan 3, 2025
TREASURIES-Yields edge higher ahead of labor market data, supply
Updates for New York afternoonBy Alden Bentley NEW YORK, Jan 3 (Reuters) - U.S. Treasury yields held steady near recent highs on Friday, ticking upward after encouraging manufacturing news but marking time in holiday-deadened trade before key employment data and a wave of note and bond issuance n...Reuters
Jan 3, 2025
What to Watch in the Week Ahead and on Monday, January 6
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, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMTON MONDAYOn the U.S. economic calendar, the Comme...Reuters
Jan 3, 2025
UPDATE 12-Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
Adds White House spokesperson's comments, updates stock move in paragraphs 6-7, 11Biden cites national security as reason for blocking saleCompanies call decision a 'violation of due process'U.S. Steel's path forward is unclearSteelworkers union praises U.S. president's decisionBy David Shepardson, ...Reuters
Jan 3, 2025
ADVISORY-Weekly US jobless claims to be released a day early on Jan. 8
The U.S. Labor Department will release the report on new jobless benefits claims for the week ended Jan. 4 on Wednesday, Jan. 8, at 8:30 a.m. EST (1330 GMT), a day earlier than ordinarily scheduled, a department spokesman said on Friday.The U.S. government will be closed for a national day of mourni...Reuters
Jan 3, 2025
UPDATE 1-Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says
Updates with more Barkin comments, background throughoutBarkin says further rate cuts tied to confidence in inflation dropRichmond Fed chief says it's hard to predict economic impact of Trump policiesHe says businesses are largely optimistic, outlook is positiveBy Howard Schneider BALTIMORE, Jan ...Reuters
Jan 3, 2025
TABLE-US light-vehicle sales volumes in Q4 2024
Jan 3 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q4 2024: AUTOMAKERQ4 2024Q4 2023PCT CHNG1General Motors755,160625,17620.8%2Toyota Motor^603,104619,661-2.7%3Ford Motor530,660487,8408.8%4Honda Motor Co^^367,362337,5118.8%5Hyundai226,308206,0489.8%6Kia212,318177,77719.4%7Su...Reuters
Jan 3, 2025
Fed's Barkin: We must see inflation at 2% or weakening in demand to cut rates.
Federal Reserve (Fed) Bank of Richmond President Tom Barkin delivered prepared remarks to the Maryland Bankers Association in Maryland on Friday, outlining the Fed's case for when to cut rates again, and the conditions required to do so.Fxstreet
Jan 3, 2025
WRAPUP 1-US manufacturing PMI rises to nine-month high, but challenges loom
ISM PMI rises to nine-month high of 49.3 in DecemberProduction rebounds as new order continue to growThreat of tariffs raises inventory and import levelsBy Lucia Mutikani WASHINGTON, Jan 3 (Reuters) - U.S. manufacturing moved closer to recovery in December, with production rebounding and new orde...Reuters
Jan 3, 2025
Barkin: Would keep rates restrictive for longer given inflation risks
BALTIMORE, Jan 3 (Reuters) - The Fed's benchmark policy rate should stay restrictive until it is more certain that inflation is returning to the central bank's 2% target, Richmond Federal Reserve bank president Tom Barkin said Friday."I think there is more upside risk than downside risk" to inflatio...Reuters
Jan 3, 2025
UPDATE 11-Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
Adds more reaction and context throughout, updates stock priceBiden cites national security as reason for blocking saleCompanies call decision a 'violation of due process'U.S. Steel's path forward is unclearSteelworkers union praises U.S. president's decisionBy David Shepardson, Tim Kelly, Katya Gol...Reuters
Jan 3, 2025
TABLE-US light-vehicle sales volumes in Q4 2024
Jan 3 (Reuters) - The following are the U.S. light-vehicle sales volumes for Q4 2024: AUTOMAKERQ4 2024Q4 2023PCT CHNG1General Motors755,160625,17620.8%2Toyota Motor^603,104619,661-2.7%3Ford Motor530,660487,8408.8%4Hyundai226,308206,0489.8%5Kia212,318177,77719.4% TOTAL2,327,5502,116,50210.0%AUTOMAKER...Reuters
Jan 3, 2025
Global trade fragmentation comes with big output losses, ECB warns
FRANKFURT, Jan 3 (Reuters) - Global trade fragmentation due to protectionist measures entails sizeable output losses for all countries involved, European Central Bank chief economist Philip Lane said on Friday, just as the incoming U.S. administration considers imposing fresh tariffs."Avoid broad-ba...Reuters
Jan 3, 2025
