News
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Bipartisan group of US lawmakers calls for export controls on synthetic DNA sequences
By Stephen Nellis SAN FRANCISCO, Dec 12 (Reuters) - A bipartisan group of U.S. lawmakers this week introduced bills that would require U.S. firms to obtain a license before exporting sequences of synthetic DNA.DNA research is foundational to the biotech industry, where researchers use powerful co...Reuters
Fri, Dec 12
Trump eyes Warsh and Hassett as top contenders to replace Powell in 2026 - WSJ
In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.Fxstreet
Fri, Dec 12
Fed's Daly says this week's rate cut was right move for Fed
Dec 12 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said on Friday in a LinkedIn posting that she favored cutting interest rates at this week's monetary policy meeting."This week’s (Federal Open Market Committee) decision was not an easy choice," Daly wrote, with...Reuters
Fri, Dec 12
Swiss National Bank Elect Martin Hirzel To Bank Council
Dec 12 (Reuters) - SCHWEIZERISCHE NATIONALBANK SNBN.S:BANK COUNCIL DECIDED TO PROPOSE TO THE GENERAL MEETING OF SHAREHOLDERS MARTIN HIRZEL BE ELECTED TO THE BANK COUNCIL FOR THE REMAINDER OF THE 2024-2028 TERM OF OFFICEHE IS TO TAKE UP OFFICE WITH EFFECT FROM 1 MAY 2026 AS THE SUCCESSOR TO ROMEO LAC...Reuters
Fri, Dec 12
Goolsbee: Fed shouldn't use rates to make government finance cheaper, that's a key argument for independence
WASHINGTON, Dec 12 (Reuters) - Chicago Fed President Austan Goolsbee said Friday the central bank should not factor the cost of government finance into its interest rates deliberations, citing that as a key reason Fed independence is so important."It pains me that people are legitimately saying....Reuters
Fri, Dec 12
German 30-year yield hits fresh 14-year high as fiscal supply concerns weigh
German bond yields rise as investors reprice the ECB rate outlookECB seen holding rates steady through 2026Markets assign over 50% odds to an ECB rate hike by March 2027By Amanda Cooper and Stefano Rebaudo LONDON, Dec 12 (Reuters) - German government bond yields rose on Friday after hitting their...Reuters
Fri, Dec 12
POLL-Mexico central bank to cut rates on December 18; economists closely split on early 2026 pause
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=MXCBIR%3DECI poll dataBy Gabriel Burin BUENOS AIRES, Dec 12 (Reuters) - Mexico's central bank will lower its key interest rate to 7% at its meeting on December 18, according to a Reuters poll of economists who were almost eve...Reuters
Fri, Dec 12
TREASURIES-US yields rise after Fed comments as economic outlook gauged
Yields climb after two-day declineFed dissenters express concerns over inflation10-year yield poised for second straight weekly gainBy Chuck Mikolajczak NEW YORK, Dec 12 (Reuters) - U.S. 10-year Treasury yields rose on Friday after two straight sessions of declines, as investors assessed commenta...Reuters
Fri, Dec 12
WRAPUP 2-Two Fed dissenters cite inflation risk in votes against rate cut
Chicago Fed's Goolsbee dissented because he wanted more data before rate cutKansas City Fed's Schmid says his dissent was based on feeling that inflation is too hotPhiladelphia Fed's Paulson concerned about labor market weaknessBy Howard Schneider and Michael S. Derby WASHINGTON, Dec ...Reuters
Fri, Dec 12
Fed's Hammack would prefer tighter policy given too high inflation
Fed's Hammack would prefer 'slightly more restrictive' monetary policyHammack says current Fed policy right around neutral levelsHammack says she's watching inflation to see if more restrictive policy neededBy Michael S. DerbyNEW YORK, Dec 12 (Reuters) - Federal Reserve Bank of Cleve...Reuters
Fri, Dec 12
Cheaper European Gas diverts Qatari LNG toward India – Commerzbank
Lower European Gas prices (TTF) are having an impact: according to an analysis of ship tracking data by Bloomberg, LNG shipments from Qatar have recently been diverted away from Europe to India, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Fri, Dec 12
Fed’s Hammack: Committed to achieving Fed's 2% inflation target
Federal Reserve (Fed) President of the Bank of Cleveland, Elizabeth Hammack, said on Friday that the lack of data during the shutdown made it harder to read inflation. She also said that she is very grateful that the government data returned.Fxstreet
Fri, Dec 12
Fed's Hammack would prefer tighter policy given too high inflation
NEW YORK, Dec 12 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday that given her own take on the economy she would prefer monetary policy to be tighter than it is currently.The Fed’s rate cut this week along with past easings this year has interest rate policy “right ...Reuters
Fri, Dec 12
Fed's Paulson: Not seeing tariffs generating widespread inflation
Dec 12 (Reuters) - Tariffs can lift some input costs but are not leading to widespread inflation, Federal Reserve Bank of Philadelphia President Anna Paulson said on Friday."The standard economic analysis is that tariffs are going to lower growth a little, they're going to raise prices, but ...Reuters
Fri, Dec 12
Fed's Goolsbee: Reappointment of regional presidents was made after a "very robust" review
WASHINGTON, Dec 12 (Reuters) - Chicago Fed President Austan Goolsbee said the reappointment of the Fed's regional bank presidents to new 5-year terms this week followed a "very robust" review of their job performance and followed the typical schedule.Asked if the reappointments, announce...Reuters
Fri, Dec 12
RPT-Fed's Schmid says he dissented because inflation is too hot, policy should be modestly restrictive
By Howard SchneiderWASHINGTON, Dec 12 (Reuters) - Kansas City Federal Reserve President Jeffrey Schmid said he dissented against the central bank's quarter point rate cut this week because inflation is "too hot" and monetary policy should remain modestly restrictive to keep it in check.&...Reuters
Fri, Dec 12
Russian central bank says EU plans to use its assets are illegal
Central bank says it's suing Euroclear in Moscow courtEU plans to use seized Russian assets to help Ukraine Central bank's Russian lawsuit seen as symbolicRussia could also act to seize EU private assets By Gleb Bryanski and Elena Fabrichnaya MOSCOW, Dec 12 (Reuters) - Russia's centra...Reuters
Fri, Dec 12
Fed’s Paulson: Inflation too high, job market bending, but not breaking
Federal Reserve (Fed) Bank of Philadelphia President Anna Paulson said that the rate cuts have ‘taken out some insurance’ against job market risks and that the current Fed policy, ‘somewhat restrictive,’ should moderate inflation at the Delaware State Chamber of Commerce, in Wilmington, on Friday.Fxstreet
Fri, Dec 12
