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US President Donald Trump imposes 25% tariff on imports of some advanced computing chips
US President Trump said that he would impose a 25% tariff on select semiconductors, including the Nvidia H200 AI processor and a similar semiconductor from AMD called the MI325X, Reuters reported on Wednesday.Fxstreet
Wed, Jan 14
US healthcare spending soars to over $5 trillion in 2024
By Amina NiasseNEW YORK, Jan 14 (Reuters) - U.S. healthcare spending rose by 7.2% to $5.3 trillion in 2024 from $4.9 trillion in 2023, driven by increased health insurance enrollment and a jump in use of medical services, particularly in private health insurance plans, the U.S. Centers for Medicare ...Reuters
Wed, Jan 14
Fed survey suggests slight upgrade to US economy
Fed's Beige Book shows modest economic growth, stable employmentFed policymakers divided on rate cuts, inflation concerns persistTariffs, healthcare subsidy loss, immigration crackdown impact economiesBy Ann Saphir and Dan Burns Jan 14 (Reuters) - Economic activity increased in most parts of ...Reuters
Wed, Jan 14
Wall Street CEOs back Fed independence as Trump administration probes Powell
By Manya Saini, Saeed Azhar and Ateev Bhandari Jan 13 (Reuters) - CEOs from top Wall Street banks JPMorgan Chase JPM.N and BNY BK.N voiced support for the independence of the U.S. Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chair Jerome...Reuters
Wed, Jan 14
WRAPUP 3-Strong US retail sales in November showcase economy's resilience
Retail sales increase 0.6% in NovemberCore retail sales advance 0.4%Producer prices rise 0.2% in November after ticking up 0.1% in OctoberBy Lucia Mutikani WASHINGTON, Jan 14 (Reuters) - U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households...Reuters
Wed, Jan 14
WRAPUP 1-Fed policymakers mostly back Powell after Trump administration's threat
Miran criticizes foreign support for Powell as inappropriateOther Fed officials defend Powell's integrity, independenceTrump plans to replace Powell with rate-cut supporterBy Lefteris Papadimas and Howard Schneider ATHENS/WASHINGTON, Jan 14 (Reuters) - Federal Reserve Governor Stephen Miran s...Reuters
Wed, Jan 14
TREASURIES-US yields decline after data, Middle East tension spurs caution
Producer prices rise moderately in NovemberNovember retail sales top expectationsGeopolitical tensions in Middle East spur investor cautionSupreme Court ruling on Trump's tariffs awaitedBy Chuck Mikolajczak NEW YORK, Jan 14 (Reuters) - U.S. Treasury yields dipped on Wednesday after readings o...Reuters
Wed, Jan 14
What to Watch in the Day Ahead - Thursday, January 15
Goldman Sachs is expected to report a slight decline in profit when it posts its fourth-quarter results. Investors will be looking out for commentary on the M&A market heading into 2026, as well as remarks on expenses. Separately, Morgan Stanley is expected to report a higher fourth-quarter prof...Reuters
Wed, Jan 14
US economic activity mostly increased in recent weeks, Fed survey shows
Jan 14 (Reuters) - Economic activity increased in most parts of the U.S. and employment was mostly unchanged in recent weeks, the Federal Reserve said on Wednesday in a report that may do little to sway policymakers' interest rate views ahead of the central bank's meeting in two weeks. &...Reuters
Wed, Jan 14
Fed's Kashkari upbeat on 2026, expects inflation to moderate
Kashkari optimistic about U.S. economic growth and inflation moderationFed's interest rate policy remains uncertain amid inflation concernsTrump administration criticizes Fed, successor to Powell awaitedBy Michael S. Derby Jan 14 (Reuters) - Federal Reserve Bank of Minneapolis President Neel ...Reuters
Wed, Jan 14
Fed's Kashkari upbeat on 2026, expects inflation to moderate
Jan 14 (Reuters) - Federal Reserve Bank of Minneapolis President Neel Kashkari said Wednesday he’s optimistic about the economic outlook and expects inflation to wane, but it’s unclear by how much.“My outlook for the U.S. economy is one of pretty good growth going forward,” the official said in a vi...Reuters
Wed, Jan 14
Fed’s Bostic: Inflation challenge has not been won yet
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that inflation is still quite far from where they need it to be even though the economy has been pretty resilient at the Atlanta Business Chronicle 2026 Economic Outlook event on Wednesday.Fxstreet
Wed, Jan 14
Fed’s Kashkari: Inflation is still too high
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari said that the overall economy seems quite resilient and that He has seen less tariff pass through than expected at the Midwest Economic Forecast Forum hosted online by the Wisconsin Bankers Association on Wednesday.Fxstreet
Wed, Jan 14
US inflation challenge has not been won yet, Fed's Bostic says
Jan 14 (Reuters) - The challenge in containing inflation in the U.S. economy "has not been won yet" and requires the Federal Reserve to continue to be restrictive in its monetary policy stance, Atlanta Federal Reserve President Raphael Bostic said on Wednesday.The economy is likely to accele...Reuters
Wed, Jan 14
FACTBOX-What Saks Global's bankruptcy filing reveals about its assets, creditors, financing
Jan 14 (Reuters) - High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday, barely a year after a deal that aimed to create a luxury powerhouse. One of the largest retail collapses since the pandemic, the development casts uncertainty over the future of U.S...Reuters
Wed, Jan 14
Fed's Bostic: Powell's video said all it needed to say
Jan 14 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said the video statement issued on Sunday by Fed Chair Jerome Powell in response to receiving criminal subpoenas from the Trump administration "said all it needed to say."Bostic, who is retiring from the...Reuters
Wed, Jan 14
Goolsbee calls Powell 'first-ballot hall-of-fame Fed chair,' NPR says
Jan 14 (Reuters) - The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe into Federal Reserve Chair Jerome Powell, threaten to make that task harder, Chicago Fed President Austan Goolsbee said on W...Reuters
Wed, Jan 14
