News
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China President Xi calls to boost country’s private sector
On Monday, Chinese President Xi Jinping presided over a meeting with Alibaba co-founder Jack Ma and other prominent entrepreneurs, signaling Beijing’s support for a long-marginalized private sector now considered key to reviving the economy, per Bloomberg.Fxstreet
Tue, Feb 18
Fed's Waller: Uncertainty over trade, other policies, shouldn't paralyze rate moves
Waller says tariffs may not produce persistent inflationFed will always face uncertainty in setting policyAppropriate to keep rates on hold for nowBy Howard SchneiderWASHINGTON, Feb 17 (Reuters) - Federal Reserve Governor Christopher Waller said his "baseline" view is that the Trump administ...Reuters
Mon, Feb 17
ECB's Holzmann: The case for another rate cut is getting harder to make
European Central Bank (ECB) Governing Council member and head of the Austrian central bank, Oesterreichische Nationalbank (OeNB) noted on Monday that warning signs that the ECB may undershoot inflation targets are growing, but overall inflation figures are still lopsided and make policy moves difficult.Fxstreet
Mon, Feb 17
Fed's Bowman: Greater confidence in falling inflation needed before more cuts
Fed's current rate allows patience and focus on evolving inflation data, Bowman saysTrump's trade policies add uncertainty to economic outlook, Bowman saysBowman sees inflation easing this year, but still sees upside risksBy Howard Schneider WASHINGTON, Feb 17 (Reuters) - Federal Reserve ...Reuters
Mon, Feb 17
Fed's Harker supports steady interest rate policy stance for now
By Michael S. DerbyNEW YORK, Feb 17 (Reuters) - Federal Reserve Bank of Philadelphia President Patrick Harker sounded an upbeat note on the state of the U.S. economy on Monday, and said he saw no reason to change interest rate policy right now as the central bank continued to work to lower inflation...Reuters
Mon, Feb 17
Canadian housing starts rise 3% in January, CMHC says
OTTAWA, Feb 17 - Canadian housing starts rose 3% in January compared with the previous month as groundbreaking increased on multiple unit urban homes, data from the national housing agency showed on Monday.The seasonally adjusted annualized rate of housing starts rose to 239,739 units in January fro...Reuters
Mon, Feb 17
Wars dent Israel's economy in 2024 but military spending keeps growth at 1%
Growth dipped from 1.8% in previous yearImpact of conflicts produced big swingsGrowth stood at annualised 2.5% in final quarterAdds details on 2024, shekel reaction, jobless dataBy Steven Scheer TEL AVIV, Feb 17 (Reuters) - Israel's economy posted scant growth in 2024, with the war in Gaza ag...Reuters
Mon, Feb 17
Brazil's economy grows 3.8% in 2024 but shows signs of cooling
Factors driving Brazil's economic growth are fading -economist IBC-Br index fell 0.7% in December month on monthAggressive monetary tightening is hurting growth -economistAdds comment from economist in paragraphs 6-7By Marcela Ayres BRASILIA, Feb 17 (Reuters) - Brazil's economy expanded 3...Reuters
Mon, Feb 17
Germany at particular risk from US tariffs, Bundesbank warns
FRANKFURT, Feb 17 (Reuters) - Germany is particularly vulnerable to U.S. trade tariffs, which could curb growth for years to come and hold back an economy already suffering through two straight years of contraction, Bundesbank President Joachim Nagel said on Monday.Germany, Europe's largest ...Reuters
Mon, Feb 17
Brazil's economic activity rises 3.8% in 2024
BRASILIA, Feb 17 (Reuters) - Economic activity in Brazil rose 3.8% in 2024, central bank data showed on Monday, marking another year of growth that consistently outperformed expectations in Latin America's largest economy.The result followed a seasonally adjusted 0.7% drop in the IBC-Br index in...Reuters
Mon, Feb 17
Irish goods trade surplus with U.S. hit record $52 billion in 2024
DUBLIN, Feb 17 (Reuters) - Ireland's goods trade surplus with the United States reached a record 50 billion euros ($52 billion) in 2024, highlighting how much more the U.S. imports than sells to the small EU member as President Donald Trump seeks to close such large trade gaps.The goods surplus ...Reuters
Mon, Feb 17
