News
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Mexico closed 2025 with fiscal deficit of 4.3% of GDP, government says
MEXICO CITY, Jan 30 (Reuters) - Mexico ended 2025 with a fiscal deficit of 4.3% of gross domestic product (GDP), in line with a previous estimate by the finance ministry, the ministry said on Friday.Total public debt stood at 52.6% of GDP.Reuters
Fri, Jan 30
USD/KRW: Supplementary budget signals upside risk – MUFG
Korea's industrial production growth rebounded in December, indicating robust export growth. President Lee has signaled a potential supplementary budget to support various sectors, which could pose upside risks to Korea's growth.Fxstreet
Fri, Jan 30
FACTBOX-Five things to know about Kevin Warsh, Trump's 'central casting' Fed chair pick
WASHINGTON, Jan 30 (Reuters) - U.S. President Donald Trump on Friday said he will nominate former Federal Reserve governor Kevin Warsh to return as Fed Chair in May, as the president continues his campaign for lower U.S. interest rates.Here are five key things to know about Warsh: YOUNGEST-EVER...Reuters
Fri, Jan 30
TWD: Central bank to hold policy steady – DBS Bank
DBS Bank's Group Research expects Taiwan's central bank to maintain its policy rate at 2.00% throughout 2026. The report highlights that inflation is projected to remain below the central bank's comfort zone, with subdued price pressures reflecting stable economic conditions.Fxstreet
Fri, Jan 30
WRAPUP 2-US producer prices post biggest gain in five months, businesses passing on tariffs
Producer price index increases 0.5% in DecemberServices account for bigger-than-expected rise in PPIBy Lucia Mutikani WASHINGTON, Jan 30 (Reuters) - U.S. producer prices increased by the most in five months in December amid some pass-through from import tariffs, suggesting inflation could pick up...Reuters
Fri, Jan 30
USD/IDR: Rupiah stability remains uncertain – MUFG
The Indonesian Rupiah faces challenges amid a deteriorating fiscal picture and rising state-level borrowing. While Bank Indonesia's commitment to FX stability may help slow depreciation, a sustained recovery requires stronger policy clarity.Fxstreet
Fri, Jan 30
China: PMI expectations and Lunar New Year caution – ABN AMRO
ABN AMRO's report outlines expectations for January PMIs in China, with a consensus forecast indicating broad stabilization. Both manufacturing PMIs are expected to remain at or just above the neutral 50 mark, while the services PMI is anticipated to decrease but remain in expansion territory.Fxstreet
Fri, Jan 30
Fed's Miran assumes Warsh will fill his governor slot at central bank - CNBC
By Michael S. DerbyJan 30 (Reuters) - Federal Reserve Governor Stephen Miran said in a television interview Friday that he assumes Kevin Warsh, nominated to succeed current Fed chair Jerome Powell, will likely fill his expiring term at the central bank.Speaking on CNBC, Miran noted that his term, wh...Reuters
Fri, Jan 30
BREAKINGVIEWS-An uncertain Fed awaits its unknowable new chair
By Gabriel Rubin WASHINGTON, Jan 30 (Reuters Breakingviews) - Which Kevin Warsh will run which Federal Reserve? After prevaricating between two Kevins while launching unprecedented legal battles to sway the central bank, President Donald Trump has picked a replacement for Chair Jerome Powell. War...Reuters
Fri, Jan 30
Fed's Miran assumes Warsh will fill his governor slot at central bank
NEW YORK, Jan 30 (Reuters) - Federal Reserve Governor Stephen Miran said in a television interview Friday that he assumes Kevin Warsh, nominated to succeed current Fed chair Jerome Powell, will likely fill his expiring term at the central bank.Speaking on CNBC, Miran noted that his term, which ends ...Reuters
Fri, Jan 30
KRW: BOK to maintain rates amid low inflation – DBS Bank
DBS Bank's Group Research projects that the Bank of Korea (BOK) will keep its base rate unchanged at 2.50% throughout 2026. The report indicates that January inflation is expected to ease, reflecting subdued demand-side pressures and stable supply-side conditions.Fxstreet
Fri, Jan 30
Trump advisor Hassett tells CNBC Warsh a good pick to run central bank
By Michael S. Derby Jan 30 (Reuters) - Top White House economic adviser Kevin Hassett on Friday said the Federal Reserve blundered in not cutting rates this week, in comments that also called for a swift approval of Kevin Warsh to be Fed Chair.Hassett, speaking on CNBC, acknowledged the lega...Reuters
Fri, Jan 30
Germany's Merz says economy his main focus after jobless numbers hit 12-year high
Unemployment rate rises to 6.6% in unadjusted termsGerman GDP grew by 0.3% in Q4, beating expectationsInflation slightly above ECB's 2% target in JanuaryBy Maria Martinez BERLIN, Jan 30 (Reuters) - German Chancellor Friedrich Merz said on Friday that boosting the economy would be his main foc...Reuters
Fri, Jan 30
WH Advisor Hasset: Trump white house wants Warsh
White House advisor Kevin Hassett said that he is not disappointed about being passed over for the Federal Reserve (Fed) Chairman position. He also claimed that legal issues with the Fed should be resolved quickly in an interview for CNBC on Friday.Fxstreet
Fri, Jan 30
