News
Important Only
Trudeau says Canada would respond immediately to any U.S. tariffs
OTTAWA, Jan 31 (Reuters) - Canada will respond immediately with a series of forceful countermeasures if the U.S. President Donald Trump goes ahead with a threat to impose tariffs, Prime Minister Justin Trudeau said on Friday."It's not what we want, but if he moves forward, we will also act,&...Reuters
Fri, Jan 31
Euro area 2-year yields set for biggest weekly fall in months
By Stefano Rebaudo Jan 31 (Reuters) - Euro area short-dated government bond yields were on track to record the biggest weekly drop in months as a raft of weak economic data led traders to ramp up their bets on future European Central Bank rate cuts.Borrowing costs inched higher early on Friday af...Reuters
Fri, Jan 31
IMF recommends Kazakhstan maintain tight monetary policy
ALMATY, Jan 31 (Reuters) - The International Monetary Fund said on Friday that Kazakhstan had experienced strong economic growth in 2024 but recommended that the country's central bank maintain a "prudent monetary policy".Growth is projected to stabilise at about 3.5% in the medium term,...Reuters
Fri, Jan 31
TREASURIES-US yields edge up in choppy trading as inflation meets expectations
By Karen Brettell Jan 31 (Reuters) - U.S. Treasury yields briefly jumped and then fell to end only modestly higher on the day on Friday after data showed that core inflation rise at a moderate pace in December while consumer spending surged, solidifying expectations the Federal Reserve will keep ...Reuters
Fri, Jan 31
German inflation holds steady at 2.8% in January
German harmonised inflation holds at 2.8% year-on-yearCore inflation eases to 2.9% from 3.3%Inflation expectations up, ECB surveys showAdds economists comments and context paragraphs 4-6, 16-17By Maria Martinez BERLIN, Jan 31 (Reuters) - Germany's annual inflation rate held steady in January ...Reuters
Fri, Jan 31
INSTANT VIEW-US Dec PCE inflation uptick supports Fed hold
Jan 31 (Reuters) - U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year.The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain in November, t...Reuters
Fri, Jan 31
US labor costs rise moderately in fourth quarter
WASHINGTON, Jan 31 (Reuters) - U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024.The employment cost index (ECI), the broadest measure of labor costs, gained 0.9% last quarter after ...Reuters
Fri, Jan 31
Canada's GDP contracts by 0.2% in November, likely rebounded following month
Economic contraction led by mining, transportationGrowth likely to bounce back to 0.2% in DecemberAnnualized fourth-quarter growth expected to be 1.8%, Statscan saidAdds currency market bets on interest rates, Canadian dollar reaction in paragraphs 5-6By Promit Mukherjee OTTAWA, Jan 31 (Reuters) ...Reuters
Fri, Jan 31
Traders bet Fed's next rate cut will wait until June
Jan 31 (Reuters) - Traders on Friday kept bets that the Federal Reserve will wait until June to resume interest rate cuts, after government data showed inflation by the U.S. central bank's targeted measure ticked up to 2.6% in December, as economists had expected. After the inflation report, rel...Reuters
Fri, Jan 31
US inflation rises in December; consumer spending accelerates
Adds bullet pointsCore inflation rose 2.8% year-on-year in December as forecastConsumer spending surged 0.7% in December, boosting economic growthFed could delay rate cuts for a while this year WASHINGTON, Jan 31 (Reuters) - U.S. prices increased in December while consumer spending surged, sugges...Reuters
Fri, Jan 31
US inflation rise in December; consumer spending accelerates
WASHINGTON, Jan 31 (Reuters) - U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.3% last month after an unrevised 0.1% gain i...Reuters
Fri, Jan 31
Breaking: US core PCE inflation holds steady at 2.8% in December as expected
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.6% on a yearly basis in December from 2.4% in November, the US Bureau of Economic Analysis (BEA) reported on Friday.Fxstreet
Fri, Jan 31
Bowman: Inflation risks to the upside, further rate cuts should be gradual, cautious
By Howard SchneiderWASHINGTON, Jan 31 (Reuters) - Federal Reserve governor Michelle Bowman said she still expects declining inflation to allow further interest rate cuts this year, but feels rising wages, buoyant financial markets, geopolitical risks, and upcoming administration policies could slow ...Reuters
Fri, Jan 31
