News
Important Only
US factory activity slows in November, inventory piling up amid softening demand
Manufacturing PMI falls to 51.9 from 52.5 in OctoberManufacturers report slower order growthBusinesses still hiring, but costs related to tariffs a constraintBy Lucia Mutikani WASHINGTON, Nov 21 (Reuters) - U.S. factory activity slowed to a four-month low in November as higher prices because of t...Reuters
Fri, Nov 21
Fed's Logan calls for holding rates steady 'for a time'
Logan cool to December rate cut unless conditions changeFed officials divided on December rate cut decisionLogan concerned inflation won't hit 2% targetBy Ann SaphirNov 21 (Reuters) - Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold "for a tim...Reuters
Fri, Nov 21
Fed's Collins leans against December rate cut in CNBC interview
By Michael S. DerbyBOSTON, Nov 21 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Friday that monetary policy is in the right place amid a resilient economy, in comments that suggest she remains skeptical of the need to cut interest rates again at next month’s monetary pol...Reuters
Fri, Nov 21
Canada September retail sales down 0.7%; seen unchanged in October
OTTAWA, Nov 21 (Reuters) - Canadian retail sales fell in September, reversing a positive trend last month, as consumers spent less in buying cars, automotive parts and building materials among others, data showed on Friday. Retail sales fell by 0.7% to C$69.81 billion ($49.47 billion) on a monthly b...Reuters
Fri, Nov 21
Fed's Williams says Fed can still cut rates in the "near term," boosting odds of a December move
By Howard SchneiderWASHINGTON, Nov 21 (Reuters) - The U.S. Federal Reserve can still cut interest rates "in the near term" without putting its inflation goal at risk, New York Fed president John Williams said on Friday in comments that prompted traders to rapidly shift bets back in favor of ...Reuters
Fri, Nov 21
Fed's Logan calls for holding rates steady 'for a time'
Nov 21 (Reuters) - Dallas Federal Reserve President Lorie Logan on Friday called for leaving the policy rate on hold "for a time" while the central bank assesses the degree of monetary policy restrictiveness. In remarks prepared for delivery in Zurich, she repeated her view that the Fed'...Reuters
Fri, Nov 21
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield slips
The Canadian dollar strengthened against the greenback on Friday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% higher at C$1.4088 to the greenback, or 70.98 U.S. cents, after trading in a range of 1.4082 to 1.4113.Canadian government 10-year bond yields CA10YT...Reuters
Fri, Nov 21
Fed's Collins warns fragmented global economy could push up inflation
By Michael S. DerbyBOSTON, Nov 21 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Friday that a retreat from an integrated global economy could complicate the central bank’s work and push up price pressures.A shift toward “economic fragmentation” could “usher in a transitiona...Reuters
Fri, Nov 21
