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Fed's Goolsbee is on fence about need to cut rates in December
Goolsbee undecided on December rate cut amid high inflationFed Chair Powell warns rate cut not guaranteed in DecemberGoolsbee cautious due to unclear economic data from government shutdownBy Michael S. DerbyNov 3 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said on Monday he...Reuters
Mon, Nov 3
TREASURIES-Yields mixed amid shutdown data fog, post-Fed rate cut doubts
Fed rate cut doubts persist amid economic uncertaintyGovernment shutdown disrupts key economic data flowTech companies' bond issuance may compete with government borrowingBy Davide Barbuscia NEW YORK, Nov 3 (Reuters) - U.S. Treasury yields were mixed in early trade on Monday, with the market ...Reuters
Mon, Nov 3
Big manufacturing economies struggle as US tariffs hit order books
Euro zone factory activity stagnated in OctoberAsia's manufacturing hit by weak U.S. demand, Trump's tariffsChina's economy loses momentum, PMIs show slower growthBy Jonathan Cable and Sam Holmes LONDON, Nov 3 (Reuters) - The world's big manufacturing economies struggled to fire u...Reuters
Mon, Nov 3
Remittances to Mexico dip 2.7% in September, its sixth straight fall
MEXICO CITY, Nov 3 (Reuters) - Remittances to Mexico shrunk 2.7% from a year earlier in September, the nation's central bank said on Monday, totaling $5.21 billion.September marked the sixth straight month of year-on-year declines in Mexico's remittances, contrasting with sharp increases rep...Reuters
Mon, Nov 3
Fed's Goolsbee is on fence about need to cut rates in December
Nov 3 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said Monday he's in no hurry to cut interest rates again with inflation still running at overly high levels. Citing the central bank's next rate-setting meeting, Goolsbee said in a Yahoo Finance interview that "I...Reuters
Mon, Nov 3
Remittances to Mexico dip 2.7% in September, its sixth straight fall
MEXICO CITY, Nov 3 (Reuters) - Remittances to Mexico shrunk 2.7% year-over-year in September, the nation's central bank said on Monday, totaling $5.21 billion.September marked the sixth straight month of year-on-year declines in Mexico's remittances, contrasting with sharp increases reported...Reuters
Mon, Nov 3
US ISM Manufacturing PMI declines to 48.7 in October vs. 49.5 expected
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's (ISM) Manufacturing Purchasing Managers' Index (PMI) dropping to 48.7 from 49.1 in September.Fxstreet
Mon, Nov 3
Ford's US October sales rise on demand for pickup trucks despite EV decline
Nov 3 (Reuters) - Ford F.N on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.U.S. President Donald Trump's tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a tempora...Reuters
Mon, Nov 3
US manufacturing contracts further in October; supplier delivery times lengthen
Manufacturing PMI declines to 48.7 in OctoberNew orders, exports and employment measures remain subduedPace of increase for inputs slows, may bode well for inflationBy Lucia Mutikani WASHINGTON, Nov 3 (Reuters) - U.S. manufacturing contracted for an eighth straight month in October as new orders ...Reuters
Mon, Nov 3
Canadian manufacturing PMI rises to nine-month high in October
By Fergal Smith TORONTO, Nov 3 (Reuters) - The downturn in Canada's manufacturing sector eased in October as output and new orders, which have been held back by trade uncertainty, declined at a slower pace, data showed on Monday.The S&P Global Canada Manufacturing Purchasing Managers'...Reuters
Mon, Nov 3
German, Chinese foreign ministers hold call on security, economic policy
BERLIN, Nov 3 (Reuters) - German Foreign Minister Johann Wadephul spoke with his Chinese counterpart Wang Yi about security, economic policy and other topics of mutual interest, a German foreign ministry spokesperson said on Monday.The ministers agreed during their phone call that a trip by Wadephul...Reuters
Mon, Nov 3
Fed's Miran says he can't base policy stance on buoyant financial markets
Miran argues financial markets don't necessarily reflect monetary policyFed divided on rate-cut decision, Powell notes differing viewsCook to make first appearance since attempted firing by Trump WASHINGTON, Nov 3 (Reuters) - Federal Reserve Governor Stephen Miran said on Monday it is wrong t...Reuters
Mon, Nov 3
FACTBOX-US government shutdown: How it affects key economic data publishing
Nov 3 (Reuters) - The U.S. government shut down much of its operations on October 1 after Republicans and Democrats failed to reach an agreement to extend funding past the end of the federal fiscal year on September 30.The closure has shut off the flow of key economic data at a moment of uncertainty...Reuters
Mon, Nov 3
