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BOJ board signalled intent to keep hiking rates, December meeting minutes show
BOJ debated how to use neutral rate estimate in timing rate hikeOne member said policy rate far from neutral, minutes showsOne questioned using estimates based on deflation-period dataBoard decides to have bank monitoring staff join all meetingsBOJ kept rates steady in December, hiked to 0.5% in Jan...Reuters
Wed, Jan 29
Australian Treasurer Chalmers: The worst of the inflation challenge is well and truly behind us
Australian Treasurer Jim Chalmers said on Wednesday, “the worst of the inflation challenge is well and truly behind us.” He noted further that “the soft landing we have been planning and preparing for is looking more and more likely.” Market reaction AUD/USD was last seen trading at 0.6229, down 0.30% on the day.
Fxstreet
Wed, Jan 29
Trump still expects to impose Feb 1 tariffs on Canada and Mexico, White House says
Trump tariff deadline 'still on the books,' White House saysWhite House says Trump also still mulling Feb 1 China dutiesMuch more trade at stake than in Colombia tariff war threatsAdds quotes; details on Trump trade threats on Mexico, Canada, China and Colombia; link to Lutnick testimony, fr...Reuters
Tue, Jan 28
BXP forecasts full-year FFO below estimates
Jan 28 (Reuters) - Real estate investment trust BXP BXP.N forecast full-year funds from operations (FFO) below Wall Street estimates on Tuesday, indicating that high mortgage rates are pressuring office space demand.Despite the push for employees to return to the office, the commercial real estate m...Reuters
Tue, Jan 28
Packaging Corp reports fourth-quarter profit below estimates
Jan 28 (Reuters) - Packaging Corp of America PKG.N reported fourth-quarter profit below Wall Street estimates on Tuesday, hurt by seasonally slower demand from its paper products segment.The Lake Forest, Illinois-based company supplies paper and packaging products for industries such as food and bev...Reuters
Tue, Jan 28
TREASURIES-US yields edge higher as focus shifts to Fed's Powell's likely comments
US data mixed overall; marginal impact on TreasuriesUS rate futures price in two rate cuts in 2025US seven-year note auction was well receivedMarkets look to Fed's Powell's remarks for clues on easing paceAdds new comment, graphic, results of seven-year note auction, updates pricesBy Gertrud...Reuters
Tue, Jan 28
EU's Kallas, U.S.'s Rubio discuss Ukraine in first phone call
Adds background and quotes from EU official BRUSSELS, Jan 28 (Reuters) - European Union foreign policy chief Kaja Kallas and U.S. Secretary of State Marco Rubio discussed the Ukraine war, Iran and China on Tuesday in their first phone call since the Trump administration took office on Jan. 20. ...Reuters
Tue, Jan 28
WRAPUP 2-US businesses boosted equipment spending heading into 2025
Adds confidence, housing data, analyst comments throughoutCore capital goods orders increase 0.5% in DecemberNon-defense capital goods drop 7.8%; shipments rebound 3.5%Consumer confidence index falls 5.4 points to 104.1 in JanuaryLabor market differential eases to 16.2 from 22.2 in DecemberBy Lucia ...Reuters
Tue, Jan 28
US labor union membership slips in 2024 to record low
Union representation slides a hair to record low in 2024Government workers remain bright spot in organized laborUnion labor likely to face challenges from Trump agendaUnion workers continue to out-earn non-union workersNew throughout, adds details and background on union representationBy Michael S. ...Reuters
Tue, Jan 28
