News
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Brazil central bank holds interest rates, gives no hint of cuts
Brazil's benchmark rate stands near two-decade high of 15% Investors scour little-changed statement for clues on cutsInflation forecast trimmed to 3.2% in mid-2027, near 3% targetBy Marcela Ayres BRASILIA, Dec 10 (Reuters) - Brazil's central bank held interest rates at a nearly two-decade...Reuters
Wed, Dec 10
WRAPUP 6-Divided Fed lowers rates, signals pause and one cut next year as growth rebounds
Fed reduces policy rate by a quarter of a percentage pointMiran, Goolsbee and Schmid dissent on decisionPolicymakers see only one rate cut in 2026By Howard Schneider and Ann Saphir WASHINGTON, Dec 10 (Reuters) - A sharply divided Federal Reserve cut interest rates on Wednesday but signaled bo...Reuters
Wed, Dec 10
US can replicate revenues if Supreme Court rules against IEEPA tariffs, trade chief says
USTR Greer says US could use other tools to justify tariffsUS is seeking constructive relationship with China, Greer saysGreer won't give timeline for possible tariff refundsBy Andrea Shalal WASHINGTON, Dec 10 (Reuters) - The United States can use other measures to recreate the roughly $200 b...Reuters
Wed, Dec 10
Brazil's central bank holds interest rates as expected, keeps hawkish tone
BRASILIA, Dec 10 (Reuters) - Brazil's central bank held interest rates at a nearly two-decade high on Wednesday for the fourth consecutive meeting, and kept its hawkish tone unchanged by stressing the need to maintain borrowing costs steady "for a very prolonged period." The bank's r...Reuters
Wed, Dec 10
BREAKINGVIEWS-Fed puts up guardrails for Jay Powell's successor
By Gabriel Rubin WASHINGTON, Dec 10 (Reuters Breakingviews) - The Federal Reserve’s eroding tradition of genteel consensus augurs a bigger clash with the White House. A divided decision to cut the benchmark interest rate by 0.25 percentage point on Wednesday was followed by Chairman Jerome Powell...Reuters
Wed, Dec 10
Gulf central banks cut rates by 25 basis points after Fed move
By Yomna Ehab and Jaidaa Taha CAIRO, Dec 10 (Reuters) - Gulf central banks cut key interest rates by 25 basis points on Wednesday, mirroring a move by the U.S. Federal Reserve to reduce rates by a quarter of a percentage point in another divided vote.The Fed signalled it will likely pause further...Reuters
Wed, Dec 10
Mexico's economy solid and resilient as domestic risks rise, central bank says
By Natalia Siniawski and Sarah Morland MEXICO CITY, Dec 10 (Reuters) - Mexico's economy is solid and resilient, central bank chief Victoria Rodriguez said in a financial stability report on Wednesday, even as domestic financial risks increased.The banking system of Latin America's second-...Reuters
Wed, Dec 10
US rate futures raise rate-pause odds in January; still see two cuts in 2026
By Gertrude Chavez-Dreyfuss NEW YORK, Dec 10 (Reuters) - Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, raised the odds on Wednesday that the Federal Reserve will pause its easing cycle at the next policy meeting in January.Futures priced in ...Reuters
Wed, Dec 10
Trump says Fed could have cut rates more
WASHINGTON, Dec 10 (Reuters) - U.S. President Donald Trump said on Wednesday that the Federal Reserve's interest rate cut was small and that it could have been larger.Trump spoke at the White House after the Fed cut the benchmark policy interest rate by a quarter of a percentage point to the 3.5...Reuters
Wed, Dec 10
Fed's Powell declines to say whether he will stay on as a governor
NEW YORK, Dec 10 (Reuters) - Federal Reserve Chairman Jerome Powell said on Wednesday he has no guidance about whether he will serve out his governor term when his term as the U.S. central bank's leader ends. "My thought is that I really want to turn this job over to whoever replaces me with...Reuters
Wed, Dec 10
Fed's Powell says inflation overshoot caused by Trump tariffs
Dec 10 (Reuters) - Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank's 2% inflation target is mostly the result of President Donald Trump's import tax hikes."It's really tariffs that are causing the most of the inflation overshoot,&#...Reuters
Wed, Dec 10
Fed's Powell says rate hike is no one's base case from here
WASHINGTON, Dec 10 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said the Fed's next move is unlikely to be a rate hike, given that is not the base case reflected in new projections from central bank policymakers."I don't think a rate hike is anyone's base case," P...Reuters
Wed, Dec 10
