News
Important Only
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
Bank of Canada cuts rates, says tariffs could stoke persistent inflation
BoC cuts rates by 25 basis points to 3% as expected2025 GDP seen at 1.8%, revised from 2.1% projected earlierLifted forecast for inflation to 2.3% from 2.2% in 2025 Markets see 50% chance of 25 bps rate cut in MarchAdds comments from BoC press conferenceBy Promit Mukherjee and David Ljunggren OTT...Reuters
Wed, Jan 29
Pennsylvania Governor and PJM reach agreement over capacity payments
Jan 29 (Reuters) - Pennsylvania Governor Josh Shapiro on Tuesday said he has reached an agreement with grid operator PJM Interconnection to settle his recent complaint about its power market rules and save consumers over $21 billion in energy costs over two years.The agreement would save consumers f...Reuters
Wed, Jan 29
Hopes for German economic recovery vanish as election nears
Government cuts 2025 growth forecast to 0.3%Exports expected to fall by 0.3% this yearEconomy minister says underinvestment a brake on growth Changes lead and headline, adds opposition reactionBy Christian Kraemer and Maria Martinez BERLIN, Jan 29 (Reuters) - Germany's long-awaited economic r...Reuters
Wed, Jan 29
US crude stocks rise as refiners cut production amid winter storms, EIA data shows
Rewrites throughoutBy Georgina McCartney and Arathy SomasekharHOUSTON, Jan 29 (Reuters) - U.S. crude stocks rose last week as refinery utilization slipped, the Energy Information Administration (EIA) said on Wednesday, as winter storms sweeping the country hit fuelmakers' operations and boosted ...Reuters
Wed, Jan 29
US crude stocks and gasoline inventories rise, distillate inventories fall - EIA
HOUSTON, Jan 29 (Reuters) - U.S. crude and gasoline inventories rose while distillate stocks fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 3.5 million barrels to 415.1 million barrels in the week ended Jan. 24, the EIA said, compared with analysts&...Reuters
Wed, Jan 29
TREASURIES-Yields dip before Fed meeting statement
By Karen Brettell NEW YORK, Jan 29 (Reuters) - U.S. Treasury yields fell before the Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting later on Wednesday, with investors focused on any clues when a rate cut is likely.Stronger economic growth and unc...Reuters
Wed, Jan 29
Banks seek 400-500 billion pounds range of reserves from BoE, Bailey says
LONDON, Jan 29 (Reuters) - Banks in Britain say they will want to hold 400 billion to 500 billion pounds ($496-$620 billion) of reserves with the Bank of England as it reduces the size of its balance sheet, Governor Andrew Bailey said on Wednesday.The BoE is unwinding a vast pile of reserves - cash ...Reuters
Wed, Jan 29
US goods trade deficit widens sharply in December on imports
WASHINGTON, Jan 29 (Reuters) - The U.S. trade deficit in goods widened sharply in December, likely as businesses front-loaded imports in anticipation of broad tariffs from President Donald Trump's new administration.The goods trade gap increased 18.0% to $122.1 billion last month, the Commerce ...Reuters
Wed, Jan 29
Mexico cenbank has 'margin to calibrate' monetary policy at upcoming meetings, deputy governor says
MEXICO CITY, Jan 29 (Reuters) - Mexico's central bank has the margin needed to carry out a "process of calibration" at upcoming monetary policy meetings, deputy governor Omar Mejia said in a podcast interview with bank Banorte released on Wednesday, supporting earlier indications the ban...Reuters
Wed, Jan 29
Germany has been systematically underinvesting, economy minister says
BERLIN, Jan 29 (Reuters) - Germany has been systematically underinvesting and its restrictive fiscal policies have been a brake on growth, German Economy Minister Robert Habeck said on Wednesday. The German economy has been stagnating for a long time, Habeck said at a presentation of economic for...Reuters
Wed, Jan 29
Burger King's India operator reports wider Q3 loss as consumers cut back
Jan 29 (Reuters) - Restaurant Brands Asia RESR.NS, the India franchisee of Burger King, reported a wider third-quarter loss on Wednesday, weighed by high costs and inflation-hit customers cutting back on dining out.The company reported a net loss of 504 million rupees ($5.82 million) for the three m...Reuters
Wed, Jan 29
