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US Labor Department urged to prioritize November employment, CPI data post-shutdown
September employment report could be released as early as next weekShutdown could cause gaps in October's economic reportsEconomists unsure how the government will address the data gapsBy Lucia Mutikani WASHINGTON, Nov 12 (Reuters) - The U.S. Labor Department's statistical agency should p...Reuters
Wed, Nov 12
Fed's Miran repeats call for less restrictive monetary policy
Nov 12 (Reuters) - Federal Reserve Governor Stephen Miran on Wednesday repeated his view that data showing inflation running above 2% is backward-looking and should not be taken at face value, and again described U.S. monetary policy as too tight mainly because he believes cooling housing inflation ...Reuters
Wed, Nov 12
REFILE-Bank of Canada governors agreed to look through choppy inflation, minutes show
By Promit Mukherjee and David LjunggrenOTTAWA, Nov 12 (Reuters) - Ahead of the Bank of Canada's rates decision on October 29, Governing Council decided to look through "choppy" annual inflation data and consider underlying indicators, minutes of the bank's meeting released on Wednesd...Reuters
Wed, Nov 12
White House says some economic data impaired by government shutdown
WASHINGTON, Nov 12 (Reuters) - The White House said on Wednesday that October jobs and inflation data reports might never be released as a consequence of the government shutdown.Spokeswoman Karoline Leavitt told reporters at a briefing the shutdown impaired federal statistics collection, leaving Fed...Reuters
Wed, Nov 12
Fed's Bostic: Firms are telling the Fed that policy is restrictive
WASHINGTON, Nov 12 (Reuters) - Atlanta Federal Reserve President Raphael Bostic said he considers current monetary policy to be restrictive in part because of what businesses are telling him.Booming stock markets and tight credit spreads may indicate looser financial conditions, but "we talk to ...Reuters
Wed, Nov 12
Fed policy too restrictive, Miran says, repeating call for rate cut
Nov 12 (Reuters) - Federal Reserve Governor Stephen Miran on Wednesday repeated his view that he expects inflation to fall and again called for reducing the Fed policy rate. "I think it's incumbent upon us to get monetary policy right -- to get it out of such a restrictive state that would e...Reuters
Wed, Nov 12
Fed’s Bostic: Moving policy lower risks feeding the “inflation beast
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic spoke about economic trends at the Atlanta Economic Club on Wednesday. Bostic says he will step down as president of the Fed Bank of Atlanta early next year.Fxstreet
Wed, Nov 12
Fed's Bostic favors no change in rates while inflation remains greater risk
Nov 12 (Reuters) - Atlanta Federal Reserve President Raphael Bostic on Wednesday said he favors leaving interest rates where they are until there is "clear evidence" that inflation is moving back to the U.S. central bank's 2% target.Bostic, speaking just over two hours after unexpectedly...Reuters
Wed, Nov 12
Fed's Waller: streamlined payment accounts to be operational by 4Q 2026
Fed aims for risk-tailored access to payment services by 4Q 2026Waller emphasizes rapid progress and innovation at the FedFed to seek industry and public comments on new payment accountsBy Ann Saphir Nov 12 (Reuters) - The U.S. Federal Reserve aims to get a new set of streamlined payment accounts...Reuters
Wed, Nov 12
Record number of subprime borrowers miss car loan payments in October, data shows
By Manya Saini Nov 12 (Reuters) - The share of subprime borrowers at least 60 days behind on their auto loans rose to 6.65% in October, the highest level on record, according to Fitch Ratings data going back to the early 1990s.CONTEXTSubprime borrowing refers to lending to consumers with lower cr...Reuters
Wed, Nov 12
TREASURIES-US bonds advance as weak labor market data boosts rate cut prospects
Weak labor data raises Fed rate cut expectationsADP reports private employers cut 11,250 jobs weekly in OctoberYield curve flattens, signaling risk aversion and potential rate cutBy Gertrude Chavez-Dreyfuss and Tom Westbrook NEW YORK/SINGAPORE, Nov 12 (Reuters) - U.S. Treasuries rallied on Wednes...Reuters
Wed, Nov 12
India approves $5.1 billion package for exporters after US tariffs hit
250.6 bln rupees export promotion package spread over 6 years200 bln rupees allocated for credit guarantees till March 2026Textiles, jewellery, seafood sectors face job lossesSteps come as India, US near trade dealBy Manoj Kumar NEW DELHI, Nov 12 (Reuters) - India's cabinet has approved spend...Reuters
Wed, Nov 12
Fed's Waller: streamlined payment accounts to be operational by 4Q 2026
Nov 12 (Reuters) - The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would broaden access to Fed payment services operational by the fourth quarter of next year, Fed Governor Christopher Waller said Wednesday. "We're moving at startup speed on this: we'r...Reuters
Wed, Nov 12
REFILE-Fed's Bostic says he will retire at end of term in February 2026
Bostic known for stance on economic equity and social justiceFaced criticism over trading activities and conflict of interestSearch committee to find replacement for Atlanta Fed presidentBy Howard SchneiderWASHINGTON, Nov 12 (Reuters) - Atlanta Federal Reserve President Raphael Bostic, the first Bla...Reuters
Wed, Nov 12
India approves $5.1 billion package to aid exporters after US tariffs hit
NEW DELHI, Nov 12 (Reuters) - India's cabinet has approved spending 450.6 billion rupees ($5.13 billion) towards providing support to exporters, including 200 billion rupees in credit guarantees on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday.The plan includes allocation o...Reuters
Wed, Nov 12
Germany's Klingbeil: will discuss rare earths, competitiveness during China trip
Nov 12 (Reuters) - Germany's Finance Minister Lars Klingbeil said on Wednesday he was in discussions with other European finance ministers to coordinate ahead of his trip to China next week, which will include discussion of topics such as competitiveness and rare earths.Klingbeil will be the fir...Reuters
Wed, Nov 12
