News
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Australian Dollar inches lower ahead of China’s Trade Balance data
Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second successive session. The AUD/USD pair remains weaker ahead of China’s Trade Balance data due later in the day.
Fxstreet
Fri, Nov 7
Fed’s Hammack: It will take two to three years to get inflation back to 2%
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack spoke at the Economic Club of New York on Thursday. She said that the federal policy should remain modestly restrictive to lower inflation, and that it will take two to three years to return inflation to 2%.Fxstreet
Fri, Nov 7
US weekly jobless claims increase moderately, Haver Analytics estimates
Weekly jobless claims estimated to have increased to 229,140Claims data shows no sign yet of surge in layoffs reported by businessesMore people remaining on unemployment rolls as hiring slowsBy Lucia Mutikani WASHINGTON, Nov 6 (Reuters) - The number of Americans filing new applications for unempl...Reuters
Fri, Nov 7
Fed right to cut rates to support job market, Musalem says
Musalem: Monetary policy is between modestly restrictive and neutralMusalem says financial conditions supporting economyMusalem expects tariff impacts on inflation to dissipate next yearBy Michael S. Derby NEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem sai...Reuters
Thu, Nov 6
Fed's Musalem: Fed has appropriately cut rates to provide insurance to job market
NEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said on Thursday the central bank has been right to cut rates to help the job market.It has been “appropriate” to cut rates to help keep the job market above water, but “we have to be very careful to continue to ...Reuters
Thu, Nov 6
Specialty chemicals firm Trinseo's Q3 net sales miss estimates
OverviewTrinseo Q3 net sales fall 14% yr/yr, missing analyst expectationsAdjusted EBITDA for Q3 misses analyst estimates, impacted by lower volumes and marginsCompany to cease virgin MMA production in Italy, close polystyrene asset in GermanyOutlookTrinseo expects Q4 net loss of $170 mln to $180 mln...Reuters
Thu, Nov 6
Fed's Hammack sees no need to hike rates to lower inflation at this time
Hawkish Cleveland Fed chief has opposed push to cut ratesHammack reiterates desire to keep policy slightly restrictiveMarkets still expect Fed to cut rates again in DecemberBy Michael S. Derby NEW YORK, Nov 6 (Reuters) - Cleveland Federal Reserve President Beth Hammack said on Thursday she does n...Reuters
Thu, Nov 6
Brazil raises $2.25 billion in dollar bond sale, including new sustainable notes
By Marcela Ayres and Bernardo Caram BRASILIA, Nov 6 (Reuters) - Brazil raised $2.25 billion on Thursday in a new dollar bond sale, its fourth international market operation this year, including sustainable notes as it hosts world leaders for the United Nations climate summit.According to a source...Reuters
Thu, Nov 6
Home Depot's ban on Black Lives Matter apron was legal, US court says
By Daniel Wiessner Nov 6 (Reuters) - A U.S. appeals court on Thursday said Home Depot did not violate the legal rights of workers at a Minnesota store when it barred them from writing "BLM" on their uniforms in support of the Black Lives Matter movement.The St. Louis-based 8th U.S. Circui...Reuters
Thu, Nov 6
IMF official hopes to finalise Senegal lending programme soon
IMF official says talks to continue in coming weeksPrevious programme frozen after new government found hidden debtThat debt has since ballooned to more than $11 billion By Portia Crowe and Libby GeorgeNov 6 (Reuters) - An International Monetary Fund official said its mission to Senegal had concl...Reuters
Thu, Nov 6
What to Watch in the Day Ahead - Friday, November 7
On the U.S. economic calendar, the University of Michigan's preliminary consumer sentiment index for November is forecast to ease to 53.2 from 53.6 in the prior month. Additionally, the Federal Reserve's consumer credit data for September is expected to show an increase of $10.00 billion, fo...Reuters
Thu, Nov 6
US holiday sales set to top $1 trillion for the first time, NRF forecasts
By Neil J Kanatt Nov 6 (Reuters) - U.S. holiday sales are expected to surpass $1 trillion for the first time, the National Retail Federation said on Thursday, though growth is forecast to slow as economic pressures weigh on consumer sentiment. The holiday season includes major shopping days ...Reuters
Thu, Nov 6
30 years of climate talks: Progress, pitfalls and a planet in peril
Global emissions are up 34% since the first climate conferenceThe market for solar panels and EVs has grown - but so has fossil fuel useUN climate negotiations are bogged down by bureaucratic inertia, some critics sayBy Valerie Volcovici and Richard ValdmanisNov 6 (Reuters) - As leaders gather for t...Reuters
Thu, Nov 6
Brazil's trade surplus boosted in October by exports of key commodities
BRASILIA, Nov 6 (Reuters) - Brazil's trade surplus jumped 70.2% in October from the same month last year, official data showed on Thursday, beating economists' estimates. Latin America's largest economy posted a $7 billion trade surplus for October, above the $6.2 billion expected by ec...Reuters
Thu, Nov 6
CORRECTED-Fed's Hammack is nervous about Fed policy given high inflation
NEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Thursday she’s concerned monetary policy may not be in the right place to deal with current inflation.“I think we're pretty close to neutral right now, which makes me a little bit nervous, given that I see ...Reuters
Thu, Nov 6
Fed's Hammack said central bank limited in addressing economic bifurcation
NEW YORK, Nov 6 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack acknowledged Thursday that higher and lower income Americans are faring differently in the economy right now, while noting the Fed can’t do much to specifically help those with lower incomes.The economy is being pow...Reuters
Thu, Nov 6
