News
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WRAPUP 3-Divided Fed lowers rates, signals pause and one 2026 cut as growth rebounds
Fed reduces policy rate by quarter of a percentage pointThree policymakers dissent on policy decisionPolicymakers see one rate cut in 2026By Howard Schneider WASHINGTON, Dec 10 (Reuters) - The U.S. Federal Reserve cut interest rates on Wednesday in another divided vote, but signaled it will likel...Reuters
Wed, Dec 10
US posts $173 billion budget deficit in November
WASHINGTON, Dec 10 (Reuters) - The U.S. government posted a lower $173 billion deficit in November as tariffs on imports helped to boost revenues, the Treasury Department said on Wednesday.The deficit last month was down $193 billion, or 53%, from the $367 billion deficit reported in November 2024. ...Reuters
Wed, Dec 10
Mexico's economy solid and resilient as domestic risks rise, cenbank says
MEXICO CITY, Dec 10 (Reuters) - Mexico's economy is solid and resilient, central bank chief Victoria Rodriguez said in the Latin American nation's financial stability report on Thursday, even as domestic financial risks increased.Mexico's banking system continues to have levels of liquid...Reuters
Wed, Dec 10
Temu's Dublin office raided by EU regulators on Chinese subsidy concerns
Raid of European headquarters aims to find evidence of foreign subsidiesEU is cracking down on duty-free ecommerce parcels European retailers have accused Temu and rival Shein of unfair competition BRUSSELS, Dec 10 (Reuters) - Temu's European headquarters in Dublin were raided by EU regulator...Reuters
Wed, Dec 10
WH Economic Adviser Hassett: Stronger data could support 50 basis point cut
White House Economic Adviser Kevin Hassett stated that the Federal Reserve (Fed) has plenty of room to cut rates later and will likely need to do so again. The front-runner to be the Federal Reserve's next chair said in an interview on Fox News' "America Reports" program on Wednesday.Fxstreet
Wed, Dec 10
IMF reaches staff level agreement on Ethiopia's fourth review, unlocks $261 million
Dec 10 (Reuters) - The International Monetary Fund said on Wednesday it had reached a staff-level agreement with Ethiopia on the fourth review of a $3.4 billion lending programme, paving the way for the next disbursement of $261 million once the Fund's board signs off. That disbursement w...Reuters
Wed, Dec 10
Switzerland says lower US tariffs to be applied retroactively from November 14
ZURICH, Dec 10 (Reuters) - The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on Wednesday, delivering relief to businesses that had been saddled with the highest U.S. duties in Europe.On November 14, the United Sta...Reuters
Wed, Dec 10
Bank of Canada holds rates, says economy looks better than expected despite tariffs
The Bank of Canada holds rates steady at 2.25% as expectedMacklem says economy was proving more resilient to tariffs Macklem reiterates policy rate at about the right levelU.S. Federal Reserve likely to announce rate cut on WednesdayBy Promit Mukherjee and David LjunggrenOTTAWA, Dec 10 (Reuters) - T...Reuters
Wed, Dec 10
Switzerland says lower U.S. tariffs to be applied retroactively from November 14
ZURICH, Dec 10 (Reuters) - The lowering of U.S. tariffs on Switzerland to 15% from 39% will be effective retroactively from November 14, the Swiss government said on Wednesday, delivering relief to businesses that had been saddled with the highest U.S. duties in Europe.On November 14, the United Sta...Reuters
Wed, Dec 10
US crude stocks fall, fuel inventories rise, EIA says
HOUSTON, Dec 10 - U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week, the Energy Information Administration said on Wednesday.Crude inventories fell by 1.8 million barrels to 425.7 million barrels in the week ended December 5, the EIA said, compared with analysts&#...Reuters
Wed, Dec 10
TREASURIES-US yields edge lower with Fed statement on deck
Fed expected to cut rates by 25 basis pointsGlobal yields rise as central banks near end of easing cyclesUS labor costs rise slightly less than expectedBy Chuck Mikolajczak NEW YORK, Dec 10 (Reuters) - U.S. Treasury yields slipped on Wednesday, ahead of a policy announcement by the Federal Reserv...Reuters
Wed, Dec 10
US labor costs growth slows in third quarter
WASHINGTON, Dec 10 (Reuters) - U.S. labor costs increased slightly less than expected in the third quarter as a softening labor market curbed wage growth, which bodes well for services inflation.The Employment Cost Index (ECI), the broadest measure of labor costs, rose 0.8% in the last quarter, afte...Reuters
Wed, Dec 10
POLL-US home price rises to stay modest as mortgage rates stick
cpurl://apps.cp./cms/?pageId=house-poll poll dataBy Sarupya Ganguly BENGALURU, Dec 10 (Reuters) - U.S. home prices will rise just 1.4% in 2026 after a similar performance this year, a Reuters poll of property experts showed on Wednesday, the slowest annual pace in 14 years despite expectations fo...Reuters
Wed, Dec 10
Brazil's annual inflation slows to lowest in over a year before rate decision
SAO PAULO, Dec 10 (Reuters) - Brazil's 12-month inflation slowed in November to its lowest level in more than a year, data from statistics agency IBGE showed on Wednesday, undershooting market forecasts ahead of the central bank's final policy decision of 2025.Annual inflation in Latin Ameri...Reuters
Wed, Dec 10
