News
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Law firm Womble adds 19 lawyers from shuttering firm
By Sara Merken NEW YORK, Jan 16 (Reuters) - A group of 36 people from McGlinchey Stafford, a midsize U.S. law firm that voted earlier this month to shut its doors, has joined transatlantic firm Womble Bond Dickinson, following a string of group hires by large firms from smaller shops since the st...Reuters
Fri, Jan 16
Fed's Jefferson says current policy stance 'well positioned'
BOCA RATON, Florida, Jan 16 (Reuters) - Federal Reserve Vice Chair Philip Jefferson on Friday appeared to signal his support for leaving short-term borrowing costs unchanged at the central bank's January 27-28 meeting, saying he is "cautiously optimistic" about the economy, the labor mar...Reuters
Fri, Jan 16
ADVISORY-Holiday schedule for major US economic, other data
The Martin Luther King Jr. federal holiday on Monday, January 19 will affect the release schedule of some major economic, energy and commodities reports from Washington during the January 18 week. Below is the schedule for the week. Times in EST/GMT.Some Treasury announcements are subject to change....Reuters
Fri, Jan 16
WRAPUP 1-US manufacturing production rises on primary metals surge, outlook unclear
Manufacturing production increases 0.2% in DecemberSlump in motor vehicles output is offset by jump in primary metalsIndustrial production rises 0.4% as utilities provide a boostBy Lucia Mutikani WASHINGTON, Jan 16 (Reuters) - U.S. factory production unexpectedly increased in December amid a surg...Reuters
Fri, Jan 16
Fed should be ready to cut rates again amid job market risks, Bowman says
Fed's Bowman says job market keeps alive prospect of rate cutsShe says it is not a good idea to signal rate-cut pauseBowman says inflation retreating to Fed's 2% targetBy Michael S. Derby FOXBOROUGH, Massachusetts, Jan 16 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bow...Reuters
Fri, Jan 16
Silver hits record $93.75 amid tight supply – Commerzbank
The price of Silver continued its upward trajectory this week, reaching a record high of $93.75 per troy ounce on Thursday morning. As a result, the Gold/Silver ratio briefly slipped below the 50 mark for the first time since March 2012.
Fxstreet
Fri, Jan 16
TREASURIES-US yields climb, poised for weekly rise as investors gauge economic strength
Yields edge up, remain range-boundSeveral Fed officials due to speak on FridayTrump says he may keep Hassett in current roleBy Chuck Mikolajczak NEW YORK, Jan 16 (Reuters) - U.S. Treasury yields rose on Friday and were on pace for a weekly advance as investors weigh recent economic data and the p...Reuters
Fri, Jan 16
Bowman says Fed should be ready to cut rates again amid job market risks
Fed's Bowman says job market keeps alive prospect of rate cutsShe says it is not a good idea to signal rate-cut pauseBowman says inflation retreating to Fed's 2% targetBy Michael S. Derby FOXBOROUGH, Massachusetts, Jan 16 (Reuters) - Federal Reserve Vice Chair for Supervision Michelle Bow...Reuters
Fri, Jan 16
Trump housing plan to allow 401(k) money for down payments, adviser says
WASHINGTON, Jan 16 (Reuters) - The Trump administration plans to allow investors to use some of their retirement funds to make a down payment on a house, White House economic adviser Kevin Hassett said on Friday, adding that more details will be released next week."We're going to allow peopl...Reuters
Fri, Jan 16
Fed's Collins says Congress wise to set up independent central bank
By Michael S. DerbyFOXBOROUGH, Massachusetts., Jan 16 (Reuters) - rFederal Reserve Bank of Boston President Susan Collins said Friday it was right for Congress to set the central bank up to act independently.Congress created “a central bank that, while accountable, has the independence required to m...Reuters
Fri, Jan 16
Trump housing plan to allow 401k money for down payments, adviser says
WASHINGTON, Jan 16 (Reuters) - The Trump administration plans to allow investors to use some of their retirement funds to make a down payment on a house, White House economic adviser Kevin Hassett said on Friday, adding that more details will be released next week."We're going to allow peopl...Reuters
Fri, Jan 16
Bund yields set to end week flat after taking cues from US Treasuries
By Stefano Rebaudo Jan 16 (Reuters) - Euro area benchmark Bund yields were set to end the week roughly unchanged, having tracked mixed movements in U.S. Treasuries through the week on conflicting signals about the U.S. economy. Germany's 10-year yields DE10YT=RR were up 2 basis points at 2...Reuters
Fri, Jan 16
US manufacturing output unexpectedly increases in December
WASHINGTON, Jan 16 (Reuters) - U.S. factory production unexpectedly increased in December amid a surge in primary metals output that offset a decline at motor vehicle assembly plants, but activity contracted in the fourth quarter against the backdrop of challenges from import tariffs.Manufacturing o...Reuters
Fri, Jan 16
US home builder sentiment eases in January amid affordability constraints
NAHB index drops to 37 in January, below 50 breakeven point for 21 monthsAffordability issues impact lower and mid-range housing sectorsBuilders face labor shortages, high material costs and regulatory challenges WASHINGTON, Jan 16 (Reuters) - U.S. homebuilder sentiment deteriorated in January as...Reuters
Fri, Jan 16
