News
Important Only
Brazil central bank raises rates by 100 bps, reaffirms next hike
BRASILIA, Jan 29 (Reuters) - Brazil's central bank raised its benchmark interest rate by 100 basis points for the second straight meeting on Wednesday and signaled another hike of that size in March, leaving the door open for subsequent moves amid mounting inflationary pressures.The bank's r...Reuters
Wed, Jan 29
BRIEF-Doubleline Capital's Jeffrey Gundlach Says "Maximum" Of 2 Rate Cuts Possible In 2025; One Could Be Base Case- CNBC Interview
Jan 29 (Reuters) - DOUBLELINE CAPITAL'S JEFFREY GUNDLACH SAYS DON'T BE LOOKING FOR RATE CUTS IN NEXT FED MEETING - CNBC INTERVIEWDOUBLELINE CAPITAL'S GUNDLACH SAYS "MAXIMUM" OF TWO INTEREST RATE CUTS POSSIBLE IN 2025; ONE COULD BE BASE CASEDOUBLELINE CAPITAL'S GUNDLACH SAYS ...Reuters
Wed, Jan 29
Reuters Econ World: No hurry at the Fed
By Carmel Crimmins Jan 29 - Hello there,So the Fed stood pat on interest rates, as expected, and Chair Jerome Powell said they're not in a hurry to lower interest rates after a string of reductions last year.The decision gives the U.S. central bank time to evaluate how President Donald Trump&...Reuters
Wed, Jan 29
Fed's Powell said inflation target will stay at 2% amid framework review
NEW YORK, Jan 29 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that the 2% central bank inflation target will remain in place as part of a Fed review of its policy making framework. "We are not going to change the inflation goal," Powell said in a press conference followi...Reuters
Wed, Jan 29
Fed's Powell suggests balance sheet rundown has more room to run
NEW YORK, Jan 29 (Reuters) - Federal Reserve Chairman Jerome Powell suggested on Wednesday that the central bank still has room to run with shrinking the size of its balance sheet. Banking system reserves remain "abundant" and the central bank still has solid control off the federal funds ra...Reuters
Wed, Jan 29
Fed's Powell says central bank climate group was no longer good fit
NEW YORK, Jan 29 (Reuters) - Federal Reserve Chairman Jerome Powell defended on Wednesday leaving a global central bank climate alliance following Donald Trump's election as president, a group the Fed had joined when Joe Biden was elected in 2020. Powell said the Network of Central Banks and Sup...Reuters
Wed, Jan 29
INSTANT VIEW-Fed stands pat, leans hawkish with omission of inflation-progress reference
Adds quotes Jan 29 (Reuters) - The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when further easing may take place in an economy where inflation remains above target, growth continues, and the unemployment rate is low.After sever...Reuters
Wed, Jan 29
Fed's Powell says he has not had contact with Trump
Jan 29 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said he has had no contact so far with President Donald Trump, and declined to comment on Trump's remark last week that he would demand lower interest rates from the central bank."I’m not going to have any response or commen...Reuters
Wed, Jan 29
What to Watch in the Day Ahead - Thursday, January 30
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMTApple is expected to report slower revenue gr...Reuters
Wed, Jan 29
WRAPUP 3-Record US goods trade deficit seen cutting into fourth-quarter GDP growth
Adds Fed rate decision in paragraph 10Goods trade deficit surges 18.0% to $122.1 billion in DecemberGoods imports increase 3.9%; exports decline 4.5%Wholesale inventories drop 0.5%; retail stocks fall 0.3% By Lucia Mutikani WASHINGTON, Jan 29 (Reuters) - The U.S. trade deficit in goods widened to...Reuters
Wed, Jan 29
INSTANT VIEW-Fed stands pat, leans hawkish with omission of inflation-progress reference
Jan 29 (Reuters) - The Federal Reserve left interest rates in the 4.25% to 4.50% target range on Wednesday and gave little insight into when further easing may take place in an economy where inflation remains above target, growth continues, and the unemployment rate is low.After several months in wh...Reuters
Wed, Jan 29
Nasdaq's fourth-quarter profit rides on lower-than-expected fintech performance
Corrects the second paragraph to show broad product use across financial institutions, not just tradersBy Pritam Biswas and Laura Matthews Jan 29 (Reuters) - Nasdaq NDAQ.O reported higher fourth-quarter profit on Wednesday, helped by increased demand for the exchange operator's financial tech...Reuters
Wed, Jan 29
TREASURIES-US Treasury yields rise after Fed drops inflation progress language
Updates after Fed rate announcement NEW YORK, Jan 29 (Reuters) - U.S. Treasury yields rose on Wednesday after the Federal Reserve kept interest rates steady and gave little insight into when further reductions in borrowing costs may take place. After several months in which inflation data hav...Reuters
Wed, Jan 29
Traders lean into bets the Fed will not cut rates until June
Jan 29 (Reuters) - Short-term interest-rate futures priced in a stronger chance that the Federal Reserve will not cut interest rates until June after the U.S. central bank left its policy rate unchanged and dropped from its post-meeting statement a longstanding reference to "progress" on inf...Reuters
Wed, Jan 29
