News
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Fed needs to keep cutting rates, Waller says
Oct 31 (Reuters) - The Federal Reserve should cut the policy rate again in December, Fed Governor Christopher Waller said on Friday, given weakness in the labor market that's clear in the data, despite the lack of official economic data during the government shutdown."We know inflation is go...Reuters
Fri, Oct 31
POLL-Mexico's central bank likely to cut key interest rate next week
MEXICO CITY, Oct 31 (Reuters) - Mexico's central bank is likely to again cut its benchmark interest rate next week amid slowing inflation and a weak economy, a Reuters poll showed on Friday.According to the survey, 24 of 25 economic analysts expect the country's financial authority to lower ...Reuters
Fri, Oct 31
Fed's Hammack open to reforming central bank interest rate target
NEW YORK, Oct 31 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday she’s open to reforming the interest rate target used by the Fed to implement monetary policy.Citing dramatic changes in the structure of money markets, Hammack said she was open to considering moving a...Reuters
Fri, Oct 31
Fed's Bostic says a December rate cut is not assured
NEW YORK, Oct 31 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic said Friday a December rate cut is not locked in.When it comes to the monetary policy outlook, “I'm going to say every meeting is live, we're not on a preset course, we're going to let the information g...Reuters
Fri, Oct 31
US Treasury's Bessent: China made a real mistake by firing shots on rare earths.
United States (US) Secretary of Treasury Scott Bessent said on Friday that he thinks the Chinese leadership were slightly alarmed by the global backlash to their export controls and that "everything’s ironed out in terms of the permissions, and we should see a transaction very soon."Fxstreet
Fri, Oct 31
Fed's Hammack opposed Fed rate cut on ongoing inflation concerns
Oct 31 (Reuters) - Federal Reserve Bank of Cleveland President Beth Hammack said Friday she opposed the central bank cutting interest rates this week.“I would have preferred to have held rates steady” at the Federal Open Market Committee meeting, Hammack said at a Dallas Fed event. “We have inflatio...Reuters
Fri, Oct 31
TREASURIES-US yields mixed as data void fogs interest rate outlook
Federal Reserve's data dependency affects rate cut expectationsDissent within FOMC surprises markets, affects rate outlookMarket estimates for December rate cut drop to 62%By Tatiana Bautzer NEW YORK, Oct 31 (Reuters) - U.S. yields were mixed on Friday as the outlook for monetary policy was b...Reuters
Fri, Oct 31
Euro area bond yields on track for two straight weekly rise after Fed, ECB
Bund yields still set for a monthly declineTrade tensions earlier this month supported bond pricesPIMCO expects prolonged period of ECB inactionTraders price in about 45% chance of ECB rate cut in 2026By Stefano Rebaudo Oct 31 (Reuters) - Euro zone government bond yields were on track for a secon...Reuters
Fri, Oct 31
Major brokerages expect Fed to cut rates again in December
Oct 31 (Reuters) - Major brokerages expect the U.S. Federal Reserve to deliver a single 25-basis-point interest rate cut at its final policy meeting in December.The Fed on Wednesday cut rates by 25 bps, as expected, to cushion job market weakness, but flagged that missing data from the government sh...Reuters
Fri, Oct 31
BREAKINGVIEWS-One $16 bln Argentina risk is perilously misjudged
By Jeffrey Goldfarb NEW YORK, Oct 31 (Reuters Breakingviews) - Argentine President Javier Milei’s electoral victory at home might be overshadowed by a legal loss overseas. Days after his La Libertad Avanza party defeated rivals in midterm congressional ballots, the country’s lawyers appeared in a...Reuters
Fri, Oct 31
Brazil jobless rate remains at record low in latest quarter
SAO PAULO, Oct 31 (Reuters) - Brazil's unemployment rate remained at a record low of 5.6% in the three months through September, data from agency IBGE showed on Friday, broadly in line with expectations.The labor market in Latin America's largest economy is showing resilience despite high in...Reuters
Fri, Oct 31
Fed's Logan says this week's rate cut was not needed, opposes one in December
Logan says labor market roughly balanced, inflation too slow to return to 2% goalShe sees 'mainly' downside labor market risks, but nothing that requires preemptive actionLogan supported stopping balance sheet shrinkage, suggests targeting repo rate Oct 31 (Reuters) - The U.S. central ban...Reuters
Fri, Oct 31
Fed's Logan says she saw no need for rate cut, opposes one in December
Logan says labor market roughly balanced, inflation too slow to return to 2% goalShe sees 'mainly' downside labor market risks, but nothing that requires preemptive actionLogan supported stopping balance sheet shrinkage, suggests targeting repo rateOct 31 (Reuters) - The Federal Reserve shou...Reuters
Fri, Oct 31
WW Grainger beats quarterly profit expectations on higher pricing, e-commerce sales
Oct 31 (Reuters) - WW Grainger GWW.N on Friday beat third-quarter profit estimates, helped by higher pricing for its industrial tools and equipment and strong sales from its online businesses.The toolmaker's largest segment, High Touch Solutions, saw a 3.4% sales increase, driven by pricing gain...Reuters
Fri, Oct 31
Fed's Schmid: Dissented against rate cut because of continued momentum in economy
In a statement published on Friday, Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid explained he voted in favor of keeping the policy rate unchanged because "the labor market is largely in balance, the economy shows continued momentum, and inflation remains too high."Fxstreet
Fri, Oct 31
