News
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Fed’s Daly: Don’t feel as confident we can get ahead of it
Federal Reserve (Fed) governor and President of the Federal Reserve Bank of San Francisco spoke at an interview for the Wall Street Journal on Monday and said that she still thinks the Fed can bring inflation back to its 2% target.Fxstreet
Mon, Nov 24
Fed's Daly backs December rate cut, citing labor market, WSJ reports
Nov 24 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly supports lowering interest rates at the central bank's meeting next month as she sees a deterioration in the job market, she told the Wall Street Journal in an interview published on Monday. "On the labor market, I do...Reuters
Mon, Nov 24
US business borrowing for equipment rises over 5% in October, ELFA says
Nov 24 (Reuters) - U.S. companies borrowed 5.7% more to finance equipment purchases in October than a year earlier, showing little impact from the recent government shutdown, the Equipment Leasing and Finance Association said on Monday.New loans, leases and lines of credit signed up by companies in ...Reuters
Mon, Nov 24
Bank of Israel cuts rates for first time since January 2024, future cuts to be gradual
Benchmark rate cut to 4.25% from 4.5% Rate cut follows global trend and U.S.-brokered Gaza ceasefireInflation steady at 2.5%, within target rangeGovernor: Future cuts will be very gradual due to economic risks By Steven Scheer JERUSALEM, Nov 24 (Reuters) - The Bank of Israel cut interest rates by...Reuters
Mon, Nov 24
What to Watch in the Day Ahead - Tuesday, November 25
The U.S. economic calendar features several key data releases. The Labor Department is set to report the producer price index (PPI) for final demand is forecast to rise 0.3% in September, after falling 0.1% in the prior month. On an annual basis, the PPI for final demand likely increased 2.7% in Sep...Reuters
Mon, Nov 24
US BEA cancels advance third-quarter GDP estimate
WASHINGTON, Nov 24 (Reuters) - The U.S. Bureau of Economic Analysis said on Monday it had canceled the release of the advance gross domestic product estimate for the third quarter because of the recently ended government shutdown.The advance estimate was originally scheduled for release on October 3...Reuters
Mon, Nov 24
ANALYSIS-Companies tone down price hike talk as tariff fog clears
Some 28 companies said they were raising prices, down from 51 in Q2Firms delay major price hikes awaiting clarity on long-term tariff strategyIndustrials lead pricing actions in second and third quartersBy Shivansh Tiwary, Savyata Mishra and Arpan Varghese Nov 24 (Reuters) - Fewer global compani...Reuters
Mon, Nov 24
ECB’S Nagel: ECB keeps an eye on strong price increase in services
European Central Bank (ECB) governor and Deutsche Bundesbank President Joachim Nagel spoke at the at the Frankfurter Impulse event, in Frankfurt on Monday. He claimed that although food inflation remains stubborn, the current level of the euro at $1.16 is not a cause for concern
Fxstreet
Mon, Nov 24
Mexico's persistent core inflation fuels annual price rises in early November
By Aida Pelaez-Fernandez MEXICO CITY, Nov 24 (Reuters) - Mexico's annual inflation rate stood above expectations at 3.61% in the first half of November, official data showed on Monday, affected by sticky core inflation. Economists polled by Reuters had forecast an annual rate of 3.56%. ...Reuters
Mon, Nov 24
Fed's Waller: December cut appropriate, but January action more uncertain - Fox Business
Fed divided on December rate cut, recent comments favor reductionFed still won't have data delayed by the shutdown availableJanuary decision more uncertain, based on upcoming information WASHINGTON, Nov 24 (Reuters) - Available data indicate the U.S. job market remains weak enough to warrant ...Reuters
Mon, Nov 24
TREASURIES-Yields decline as Fed officials' comments boost December rate cut hopes
Fed officials hint at December rate cut amid market uncertaintyTreasury yields decline as investors focus on Fed commentsMixed economic signals create doubts about necessity of rate cutBy Davide Barbuscia NEW YORK, Nov 24 (Reuters) - U.S. Treasury yields declined on Monday as investors digested c...Reuters
Mon, Nov 24
Fed's Waller says he met with Treasury Secretary 10 days ago about Fed chair position, Fox Business reports
WASHINGTON, Nov 24 (Reuters) - U.S. Federal Reserve Governor Christopher Waller said he met with Treasury Secretary Scott Bessent recently to further discuss his possible nomination as Fed Chair, as the Trump administration moves forward in picking a replacement for Jerome Powell.Powell's term i...Reuters
Mon, Nov 24
FACTBOX-Major brokerages divided over Fed's December rate decision following jobs data
Nov 24 (Reuters) - Global brokerages remain split on whether the U.S. Federal Reserve will cut interest rate at its December meeting or keep policy unchanged, as mixed signals on job growth and unemployment last week clouded the economic outlook.Morgan Stanley, J.P.Morgan and Standard Chartered have...Reuters
Mon, Nov 24
Fed's Waller says he met with Treasury Secretary 10 days ago about Fed chair position, Fox Business reports
WASHINGTON, Nov 24 (Reuters) - U.S. Federal Reserve Governor Christopher Waller said he met with Treasury Secretary Scott Bessent recently to further discuss his possible nomination as Fed Chair, as the Trump administration moves forward in picking a replacement for Jerome Powell.Powell's term i...Reuters
Mon, Nov 24
USD/CNH: Next support at 7.0910 is unlikely to come into view – UOB Group
US Dollar (USD) could edge lower to 7.0970; the next support at 7.0910 is unlikely to come into view. In the longer run, downward momentum has increased slightly; for a continued decline, USD must first close below 7.1020, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Nov 24
NZD/USD is consolidating between 0.5590 and 0.5625 – UOB Group
The price movements are likely part of a consolidation phase between 0.5590 and 0.5625. In the longer run, NZD is expected to move lower; if it breaks below 0.5565, it could decline further to 0.5540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Nov 24
