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Goolsbee: Fed in solid place for eventual cuts though uncertainty means a slower approach
By Howard SchneiderDETROIT, Feb 6 (Reuters) - A full-employment economy with solid growth and falling inflation will let the U.S. Federal Reserve continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach, Chicago Fed Preside...Reuters
Thu, Feb 6
REFILE-Reuters Econ World: Central bank decoupling
Adds missing textBy Carmel Crimmins Feb 6 - It’s been a head-spinning week, I think we can all agree. U.S. President Donald Trump’s on-off tariffs on Canada and Mexico have some investors hoping that the potential trade sanctions are just a bargaining tactic. Let’s see.What does Trump want? That&...Reuters
Thu, Feb 6
Med crude-Urals diffs stable, freight rates in Russia's East ease
MOSCOW, Feb 6 (Reuters) - Urals crude differentials were steady on Thursday, while freight rates for Russia's oil loading from Far East Kozmino port eased amid higher availability, traders said. Freight rates for ESPO Blend crude shipped from the Russian port of Kozmino to China have fallen 50% ...Reuters
Thu, Feb 6
Irish January tax take posts annual rise of 29% on Apple tax funds
DUBLIN, Feb 6 (Reuters) - Ireland collected 29% more tax in January than in the same month last year, with over two-thirds of the increase due to the receipt of a portion of a 14 billion euro Apple AAPL.O back-tax windfall, the finance ministry said on Thursday.Ireland is drawing down the Apple AAPL...Reuters
Thu, Feb 6
TREASURIES-US yields drift higher as markets stabilize; investors look to payrolls
US jobless claims rise in latest weekUS productivity slows in Q4US rate futures price in 46 bps of easing in 2025By Gertrude Chavez-Dreyfuss NEW YORK, Feb 6 (Reuters) - U.S. Treasury yields were mostly higher on Thursday except for the longer end of the curve, recovering from multi-week declines ...Reuters
Thu, Feb 6
WRAPUP 1-US weekly jobless claims edge up; worker productivity growth slows
Weekly jobless claims increase 11,000 to 219,000Continuing claims rise 36,000 to 1.886 millionProductivity grows at 1.2% rate in fourth quarterUnit labor costs accelerate at 3.0% paceBy Lucia Mutikani WASHINGTON, Feb 6 (Reuters) - The number of Americans filing new applications for unemployment b...Reuters
Thu, Feb 6
Canada's Ivey PMI shows activity decreasing in January
TORONTO, Feb 6 (Reuters) - Canadian economic activity contracted for the first time in five months in January as employment grew at a slower pace and prices heated up, Ivey Purchasing Managers Index (PMI) data showed on Thursday.The seasonally adjusted index fell to 47.1 from 54.7 in December, movin...Reuters
Thu, Feb 6
Barrick's gold reserves rise in 2024 on Reko Diq project
Adds detailsFeb 6 (Reuters) - Canadian miner Barrick Gold's ABX.TO overall proven and probable gold reserves jumped 23% to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable...Reuters
Thu, Feb 6
US envoy to warn Lebanon over Hezbollah's influence in government
US to deliver firm message to Lebanon: Reform and curb Hezbollah Government formation at risk over Shi'ite sharePressure mounts for Lebanon to combat corruption and reformLebanon's access to foreign aid tied to genuine reformsBy Samia Nakhoul, Humeyra Pamuk and Maya GebeilyFeb 6 (Reuters) - ...Reuters
Thu, Feb 6
Barrick Gold sees higher gold reserves on Reko Diq project
Feb 6 (Reuters) - Canadian miner Barrick Gold ABX.TO saw its proven and probable gold mineral reserves rise by 23% to 17.4 million ounces before 2024 depletion, largely due to its Balochistan, Pakistan-based Reko Diq copper-gold project, the company said in a statement on Thursday. After the complet...Reuters
Thu, Feb 6
US worker productivity slows in fourth quarter; labor costs jump
WASHINGTON, Feb 6 (Reuters) - U.S. worker productivity growth slowed more than expected in the fourth quarter, driving up labor costs, which bodes poorly for the near-term inflation outlook.Nonfarm productivity, which measures hourly output per worker, increased at a 1.2% annualized rate last quarte...Reuters
Thu, Feb 6
MarketAxess' fourth quarter profit falls on hit from Treasury investments
Feb 6 (Reuters) - Bond trading platform MarketAxess Holdings MKTX.O reported a 6% decline in fourth-quarter profit on Thursday, partly due to an unrealized loss on its U.S. Treasury investments.The hit countered gains from higher commissions MarketAxess pocketed as investors proactively optimized po...Reuters
Thu, Feb 6
US weekly jobless claims rise marginally
WASHINGTON, Feb 6 (Reuters) - The number of Americans filing new applications for unemployment benefits increased moderately last week, consistent with gradually easing labor market conditions.Initial claims for state unemployment benefits rose 11,000 to a seasonally adjusted 219,000 for the week en...Reuters
Thu, Feb 6
