News
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NEC Director Hassett: Fed moving too slowly on rate cuts amid strong growth
National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve (Fed) is moving too slowly in cutting interest rates, despite evidence that the U.S. economy is growing much faster than expected.Fxstreet
Tue, Dec 23
Senegal extends deadline for $719 million regional bond offering
DAKAR, Dec 23 (Reuters) - Senegal has extended the subscription period for a regional public bond offering targeting residents, private investors and the diaspora worth 400 billion CFA francs ($719.10 million), arranger Invictus Capital said on Tuesday, without providing a reason for the delay.The o...Reuters
Tue, Dec 23
White House advisor Hassett says GDP 'fantastic,' job gains to jump
Dec 23 (Reuters) - White House economic adviser Kevin Hassett said stronger-than-expected U.S. economic growth reported Tuesday for last quarter is a product of President Donald Trump's trade policies and of investment in artificial intelligence, and heralds faster job gains ahead."It's ...Reuters
Tue, Dec 23
Mexico's annual inflation slows more than expected in early December
By Aida Pelaez-Fernandez MEXICO CITY, Dec 23 (Reuters) - Mexico's annual inflation slowed more than expected in the first half of December, official data showed on Tuesday, but an uptick is expected in January.Consumer price rises eased to 3.72% from 3.99% in the second half of November and l...Reuters
Tue, Dec 23
US consumer confidence deteriorates in December
WASHINGTON, Dec 23 (Reuters) - U.S. consumer confidence deteriorated in December amid deepening anxiety over jobs and income, consistent with economists' expectations for a sharp moderation in consumer spending after it surged in the third quarter. The Conference Board said on Tuesday its ...Reuters
Tue, Dec 23
US Trade Representative: Will levy tariffs on semiconductors from China
Citing a filing from the US Trade Representative's office, Reuters reported on Tuesday that the US will set new tariffs on semiconductors from China. According to the document, the initial tariff level of 0% will increase in 18 months to a rate to be announced later.Fxstreet
Tue, Dec 23
TREASURIES-US yields rise after higher-than-expected Q3 GDP readout
By Matt TracyDec 23 (Reuters) - U.S. Treasury yields ticked higher on Tuesday after new data showed the U.S. economy grew more than forecast in the third quarter.The yield on 10-year Treasury notes US10YT=RR was up 2.71 basis points (bps) at 4.198%. The yield on the 30-year Treasury bond US30YT=...Reuters
Tue, Dec 23
US manufacturing production unchanged in November
WASHINGTON, Dec 23 (Reuters) - U.S. factory production was unchanged in November after declining in October as motor vehicle output fell following the expiration of tax credits for electrical vehicles.The flat reading in manufacturing output last month followed a 0.4% drop in October, the Federal Re...Reuters
Tue, Dec 23
Canadian economy posts big October drop, partial recovery seen in November
By David Ljunggren OTTAWA, Dec 23 (Reuters) - Canada's economy shrank by a greater-than-expected 0.3% in October, the largest drop in almost three years, but is expected to stage a partial recovery in November, official data showed on Tuesday.Analysts had forecast growth would dip by 0.2% fro...Reuters
Tue, Dec 23
US core capital goods orders, shipments increase in October
WASHINGTON, Dec 23 (Reuters) - New orders for key U.S.-manufactured capital goods increased in October and shipments of these goods rose solidly, suggesting business spending on equipment remained strong at the start of the fourth quarter.Non-defense capital goods orders excluding aircraft, a closel...Reuters
Tue, Dec 23
Bank of Spain upgrades growth outlook but many Spaniards feel stretched
Spain is outpaced the rest of the euro zoneEconomy supported by tourism, European recovery fundsImmigration has also boosted consumption and supplied labourBy Jesus CaleroMADRID, Dec 23 (Reuters) - Spain's central bank raised its outlook on Tuesday for economic growth next year, reinforcing the ...Reuters
Tue, Dec 23
US Durable Goods Orders decline 2.2% in October vs -1.5% expected
Durable Goods in the US decreased $6.8 billion, or 2.2%, to $307.4 billion in October, the US Census Bureau reported on Tuesday. This print followed the 0.7% increase recorded in September and came in worse than the market expectation for a decrease of 1.5%.Fxstreet
Tue, Dec 23
