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Trump targets Biden's Fed appointments with autopen allegations
By Nandita Bose MOUNT POCONO, Pennsylvania, Dec 9 (Reuters) - U.S. President Donald Trump on Tuesday asked his treasury secretary to investigate whether his predecessor Joe Biden used an autopen to sign the appointments of some Democratic members of the Federal Reserve's Board of Governors. ...Reuters
Wed, Dec 10
CORRECTED-Trump challenges Biden's Fed appointments with autopen allegations
MOUNT POCONO, Pennsylvania Dec 9 (Reuters) - U.S. President Donald Trump said he has heard that his predecessor Joe Biden used an autopen to sign the appointments of some Democratic members of the Federal Reserve's Board of Governors and suggested he could challenge the legality of those appoint...Reuters
Wed, Dec 10
Citi CFO expects investment banking fees to climb in fourth quarter
Citi expects Q4 investment banking fees to rise by mid-20s percentageMarkets revenue expected to decline by low-to-mid single digitsCiti aims to reduce transformation expenses in 2026By Arasu Kannagi Basil and Tatiana Bautzer NEW YORK, Dec 9 (Reuters) - Citigroup C.N Chief Financial Officer Mark ...Reuters
Tue, Dec 9
Eli Lilly to build $6 billion Alabama plant as part of US manufacturing push
Dec 9 (Reuters) - Eli Lilly LLY.N said on Tuesday it will invest more than $6 billion in a new active drug ingredient manufacturing facility in Huntsville, Alabama, to expand U.S. production and bolster medicine supply chains.The site, the third new U.S. facility announced by Lilly, will make small-...Reuters
Tue, Dec 9
FX Today: It’s the Fed; nothing else matters
The US Dollar (USD) managed to add to Monday’s optimism as market participants geared up for the last FOMC event of the year on Wednesday. Firm data from the weekly ADP report and JOLTS readings also reinforced the bullish move in the Greenback.
Fxstreet
Tue, Dec 9
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
