News
Important Only
White House adviser Hassett tells WSJ CEO Council: 'plenty of room' to cut rates
Front-runner for Fed chair spot says Trump trusts his judgmentTrump says his pick for Fed chair would need to support rate cuts Hassett says high inflation could derail rate cutsTrump's tariffs have helped cut deficit, leaving room for more stimulus: HassettBy Ann Saphir WASHINGTON, Dec 9 (R...Reuters
Tue, Dec 9
WRAPUP 1-US job openings rise slightly after surging in September; fewer workers quitting their jobs
Job openings increase 12,000 to 7.670 million in OctoberHiring decreases 218,000 to 5.149 millionQuits decline by the most in nearly 2-1/2 years By Lucia Mutikani WASHINGTON, Dec 9 (Reuters) - U.S. job openings increased marginally in October after surging in September, but subdued hiring and the...Reuters
Tue, Dec 9
TREASURIES-US yields pare declines after data with Fed announcement on tap
Job openings rise unexpectedlyFed expected to cut rates by 25 basis pointsMarket anticipates "hawkish cut" with higher bar for future cutsBy Chuck Mikolajczak NEW YORK, Dec 9 (Reuters) - U.S. Treasury yields were mostly higher on Tuesday, erasing earlier declines after data on the labor m...Reuters
Tue, Dec 9
White House advisor Hassett: 'plenty of room' to cut rates - WSJ
Dec 9 (Reuters) - White House economic adviser Kevin Hassett, also presumed front-runner to be the Federal Reserve's next chair, said Tuesday that there is "plenty of room" to cut interest rates further, though if inflation rises the calculation may change. "What we have to do is rec...Reuters
Tue, Dec 9
BoE: Hawkish comments from the treasury select committee
Bank of England Deputy Governor for Markets and Banking Dave Ramsden, Deputy Governor for monetary policy Clare Lombardelli, and MPC member Catherine Mann gave comments to the Treasury Select Committee on Tuesday about the November monetary policy report.
Fxstreet
Tue, Dec 9
Mexico's inflation accelerates more than expected, central bank notes further risks
By Aida Pelaez-Fernandez MEXICO CITY, Dec 9 (Reuters) - Mexico's annual inflation rate accelerated in November, landing slightly above market expectations, official data showed on Tuesday, and the central bank's deputy governor flagged possible new inflation risks for the coming year.Cons...Reuters
Tue, Dec 9
US job openings increase modestly in October
WASHINGTON, Dec 9 (Reuters) - U.S. job openings increased marginally in October, but hiring remained subdued as employers navigated an uncertain economic environment. Job openings, a measure of labor demand, were up 12,000 to 7.670 million by the last day of October, the Labor Department's B...Reuters
Tue, Dec 9
ADVISORY-Potential delay in publication of US JOLTS, Leading Economic Index reports
There may be a slight delay in publication of the Job Openings and Labor Turnover Survey from the U.S. Labor Department and the Leading Economic Index from the Conference Board at 10 a.m. EST (1500 GMT) on Tuesday because of potential irregularities in the report formats due to the federal governmen...Reuters
Tue, Dec 9
Switzerland says US tariff reduction statement published in error
Swiss govt published, then withdrew tariff statementStatement said cut in US tariffs on Swiss goods to be retroactive from Nov. 14Govt spokesperson can't confirm statementTariffs were highest imposed by US on any European countryBy Oliver Hirt ZURICH, Dec 9 (Reuters) - Switzerland withdrew an...Reuters
Tue, Dec 9
Mexico's inflation risks tilted to the upside, central banker says
MEXICO CITY, Dec 9 (Reuters) - Inflation risks in Mexico remain tilted to the upside, with no one on the central bank board comfortable with the current level of price increases, central bank deputy governor Galia Borja said in a podcast released on Tuesday. Potential tax increases, tariff uncertain...Reuters
Tue, Dec 9
FACTBOX-Major brokerages boost bets on December Fed rate cut ahead of policy meeting
Dec 8 (Reuters) - Morgan Stanley, Standard Chartered and Nomura became the latest brokerages to forecast an interest rate cut by the U.S. Federal Reserve in December, as dovish signals from key voting members and weakness in the labor market ramped up hopes of lower borrowing costs.The brokerages jo...Reuters
Tue, Dec 9
ADP Employment Change 4-Week Average climbs to 4.75K through November 15
Private sector employment expanded over the latest month, with companies adding an average of 4,750 jobs per week in the four weeks ending November 15, according to data released Tuesday by Automatic Data Processing (ADP).Fxstreet
Tue, Dec 9
Freeport LNG export plant in Texas to take in more natgas after unit shut on Monday, data shows
NEW YORK, Dec 9 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Tuesday in a sign that one of its three liquefaction trains has returned to service after shutting down on Monday, LSEG data and regulatory filings show...Reuters
Tue, Dec 9
