News
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BoC's Gravelle: We expect to announce end of quantitative tightening in the first half of 2025
Bank of Canada (BoC) Deputy Governor Toni Gravelle noted on Thursday that although the BoC is expected to draw down its quantitative tightening program in 2025, the Canadian central bank won't be immediately pivoting into a similar quantitative easing structure like it has done in recent years.
Fxstreet
Thu, Jan 16
What to Watch in the Day Ahead - Friday, January 17
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/GMTFor investors in the U.S., a Federal Reserve data...Reuters
Thu, Jan 16
Lawyers cry foul over $34 million eXp settlement with US home sellers
By Mike Scarcella and David Thomas Jan 16 (Reuters) - Lawyers for a group of U.S. home sellers in Missouri have accused real estate broker eXp World Holdings EXPI.O of negotiating a lowball settlement in a Georgia antitrust lawsuit in order to head off a potentially bigger nationwide class action...Reuters
Thu, Jan 16
Fed's Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
Jan 16 (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing, the Wall Street Journal reported on Thursday."I have over the last several months become more comfortable that this is a stabilization of the job market at a...Reuters
Thu, Jan 16
Trump's US Treasury pick says question of debt limit repeal is 'nuanced'
Jan 16 (Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said the question of eliminating the U.S. debt limit is "nuanced," but said if Trump wants to do so he will work with him and with Congress to get it done."The debt limit is a ve...Reuters
Thu, Jan 16
Trump's US Treasury pick Bessent: no need for central bank digital currency
Jan 16 (Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday signaled his reluctance to pursue the creation of a central bank digital currency, saying it's suitable only for countries with few other investment alternatives. "I see no reaso...Reuters
Thu, Jan 16
World Bank warns that US tariffs could reduce global growth outlook
Simulations show tariffs could cut US GDP by 0.9% if others retaliateTrade policy shifts, uncertainty creating headwindsDeveloping countries face lowest long-term growth since 2000 By Andrea Shalal WASHINGTON, Jan 16 (Reuters) - The World Bank on Thursday warned that U.S. across-the-board tariffs...Reuters
Thu, Jan 16
WRAPUP 2-US retail sales exit 2024 with momentum; labor market on solid ground
Adds details from reports, analyst comments throughoutRetail sales increase 0.4% in DecemberCore retail sales jump 0.7%; November data unrevisedWeekly jobless claims rise 14,000 to 217,000Continuing claims decrease 18,000 to 1.859 millionBy Lucia Mutikani WASHINGTON, Jan 16 (Reuters) - U.S. retai...Reuters
Thu, Jan 16
UPDATE 1-US central bank's reserves still abundant in early January, NY Fed says
Adds details from New York Fed data, background in paragraphs 3-13Recently launched New York Fed measure held steady as of Jan. 7Fed officials still see no imminent need to stop balance sheet drawdownWall Street pushing back end of balance sheet drawdownBy Michael S. Derby NEW YORK, Jan 16 (Reute...Reuters
Thu, Jan 16
BRIEF-Bank Of America CEO Says The Economy Appears To Be Now Settled Into 2% To 3% Gdp Type Growth Environment - Conf Call
Jan 16 (Reuters) - Bank of America Corp BAC.N:BANK OF AMERICA CEO SAYS THE ECONOMY APPEARS TO BE NOW SETTLED INTO 2% TO 3% GDP TYPE GROWTH ENVIRONMENT - CONF CALLBOFA CEO BRIAN MOYNIHAN SPEAKS ON CONFERENCE CALLBOFA CEO SAYS WE SHOULD REPORT RECORD NET INTEREST INCOME IN 2025BOFA CEO SAYS GROWN DEPO...Reuters
Thu, Jan 16
Bessent says Trump policies will help bring inflation down
Jan 16 (Reuters) - U.S. President-elect Donald Trump's policies will help bring inflation back down and allow workers' wages to rise, Trump's choice to head the Treasury Department said on Thursday. "I believe that they will increase real wages and lower inflation closer to the Federal Reserve's 2% ...Reuters
Thu, Jan 16
J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26
By Siddarth S Jan 16 (Reuters) - J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic growth in 2025-2026 as technology companies race to benefit from the artificial intelligence boom.Investments in data centers, which help provide computing p...Reuters
Thu, Jan 16
Reuters Econ World: Vigilantes, central bankers and Trump
By Carmel CrimminsJan 16 - Hello there,We're inching towards the inauguration of Donald Trump, and it's suddenly feeling very retro for economists who lived through the 1990s."Bond vigilantes," once declared the nemeses of President Bill Clinton, are rearing their heads as a force for the incoming U...Reuters
Thu, Jan 16
German Bunds steady in choppy trading as Treasuries rally
Updates with closing European tradingBy Greta Rosen Fondahn and Amanda Cooper Jan 16 (Reuters) - Benchmark German bond yields steadied on Thursday in choppy trading, drawing some support from a modest rally in the Treasury market following softer U.S. consumer spending data.Federal Reserve Govern...Reuters
Thu, Jan 16
Bessent: wealth fund 'exciting' idea, must first get short-term fiscal house in order
Jan 16 (Reuters) - U.S. President-elect Donald Trump's choice to head the Treasury Department, Scott Bessent, on Thursday said that creating a sovereign wealth fund or some other supplemental U.S. asset fund is "very much in the mix" and a very exciting idea."We have fantastic assets that could be e...Reuters
Thu, Jan 16
US 30-year fixed-rate mortgage rate breaks above 7%
WASHINGTON, Jan 16 (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage increased above 7% this week for the first time in eight months, which together with high house prices could weigh on home sales early in the year. The average rate on the 30-year fixed-rate mortgage ros...Reuters
Thu, Jan 16
UPDATE 2-Fed may cut rates sooner and faster than expected if disinflation holds up, Waller says
Adds further comments from interview, background in paragraphs 3, 9-14Waller's inflation outlook sees a faster return to 2% targetHe says a rate cut at Fed's March meeting cannot be ruled outInvestors see two cuts as more likely in 2025 after his remarksBy Howard Schneider, Ann Saphir WASHINGTON,...Reuters
Thu, Jan 16
Trump's US Treasury pick Bessent says extending tax cuts a top priority
Jan 16 (Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that extending Trump's 2017 tax cuts that are set to expire at the end of this year is "the single most important economic issue of the day." "If we do not renew and ex...Reuters
Thu, Jan 16
