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WRAPUP 2-US consumer prices post largest gain in nine months; underlying inflation slowing
Adds details from report, analyst comments throughoutConsumer price index increases 0.4% in DecemberEnergy goods account for more than 40% of the rise in CPIConsumer inflation rises 2.9% on year-on-year basisCore CPI gains 0.2%; up 3.2% from year agoBy Lucia Mutikani WASHINGTON, Jan 15 (Reuters) ...Reuters
Wed, Jan 15
Fed hawks and doves: what US central bankers are saying
Jan 15 (Reuters) - U.S. central bankers project more limited interest-rate cuts in 2025 than the full percentage point of reductions they delivered in 2024, given slower progress toward their 2% inflation goal, a still-strong labor market, and a lot of uncertainty over the potential impact of tax cu...Reuters
Wed, Jan 15
Euro zone bond yields fall after US inflation data
German 10-year Bund yields track biggest daily fall since June, after rising for 10 daysCooler U.S. core inflation brings back bets on two Fed cuts in 2025Italy's 10-year yields track biggest daily drop since MayUpdates to European afternoon tradingBy Greta Rosen Fondahn Jan 15 (Reuters) - Euro a...Reuters
Wed, Jan 15
TREASURIES-US yields slump as Fed remains on rate-cut track after inflation data
US core inflation rises 0.2%, as expectedUS 10-year yield on pace for largest daily fall in two monthsUS 2/10 yield curve flattens after inflation dataUS rate futures price in 38 bps of easing in 2025 Adds new comment, graphic, updates pricesBy Gertrude Chavez-Dreyfuss NEW YORK, Jan 15 (Reuters) ...Reuters
Wed, Jan 15
UPDATE 2-US Crude oil stocks excluding SPR fall to 2-year low, EIA says
Recasts throughoutBy Georgina McCartney and Arathy SomasekharHOUSTON, Jan 15 (Reuters) - U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as exports rose and imports fell, the Energy Information Administration (EIA) said on Wednesd...Reuters
Wed, Jan 15
Fed's Williams says policy data dependent in very uncertain environment
By Michael S. DerbyHARTFORD, Connecticut, Jan 15 (Reuters) - Federal Reserve Bank of New York President John Williams said Wednesday that future monetary policy actions will be driven by economic data as the central bank confronts a high level of uncertainty in large part driven by potential governm...Reuters
Wed, Jan 15
US crude stocks fall, gasoline and distillate inventories rise, EIA says
HOUSTON, Jan 15 (Reuters) - U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday.Crude inventories fell by 2 million barrels to 412.7 million barrels in the week ending Jan. 10, the EIA said, compared with anal...Reuters
Wed, Jan 15
EU seeks tech investment review to guard economic security
BRUSSELS, Jan 15 (Reuters) - The European Commission requested the 27 EU members on Wednesday to conduct a 15-month risk assessment of outbound investments in semiconductor, artificial intelligence and quantum technologies, which could lead to measures to protect EU economic security.EU members shou...Reuters
Wed, Jan 15
Fed's Barkin says latest CPI data shows price pressures continue to ease
ANNAPOLIS, Maryland, Jan 15 (Reuters) - U.S. inflation data for December indicates price pressures are continuing to ease, Richmond Federal Reserve President Thomas Barkin said on Wednesday after a government report showed that an important underlying measure of price increases had slowed last month...Reuters
Wed, Jan 15
UPDATE 2-UK bond market squeeze eases for Reeves after inflation data
British gilt yields fall sharply after inflation dataFinance minister Rachel Reeves has been under pressureMarkets predict BoE rate cuts amid economic uncertaintyUpdates prices after US inflation data, adds analysts paragraphs 3 and 14-15By Suban Abdulla and William SchombergLONDON, Jan 15 (Reuters)...Reuters
Wed, Jan 15
CORRECTED-US consumer prices rise slightly above expectations in December
Corrects interest rate level in paragraph 11 WASHINGTON, Jan 15 (Reuters) - U.S. consumer prices increased slightly more than expected in December amid higher costs for energy goods, pointing to still elevated inflation that aligns with the Federal Reserve's projections for fewer interest rate cu...Reuters
Wed, Jan 15
UPDATE 1-Canadian home sales fall in December; up 10% in fourth quarter
Adds economist quote and details on dataBy Fergal SmithTORONTO, Jan 15 (Reuters) - Canadian home sales took a breather in December but were still 10% higher in the fourth quarter compared to the third quarter as the Bank of Canada cut borrowing costs, data from the Canadian Real Estate Association (...Reuters
Wed, Jan 15
TREASURIES-US yields fall as inflation data keeps Fed on track for rate cuts this year
US 10-year yield on pace for largest daily fall in two monthsUS 2/10 yield curve flattens after inflation dataUS rate futures price in 40 bps of easing in 2025 Adds analyst comment, details of CPI, bylineBy Gertrude Chavez-Dreyfuss NEW YORK, Jan 15 (Reuters) - U.S. Treasury yields fell on Wednesd...Reuters
Wed, Jan 15
UPDATE 1-Cooler core inflation revives bets on Fed rate cuts
Adds inflation report details in paragraph 2, analyst comment in paragraph 4Jan 15 (Reuters) - Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, after a government report helped allay fears that inflation was accelerating in the ...Reuters
Wed, Jan 15
Euro area government bond yields fall after US inflation data
Updates after U.S. CPI dataBy Greta Rosen Fondahn and Stefano Rebaudo Jan 15 (Reuters) - Euro area benchmark Bund yields fell on Wednesday, breaking a 10-day rising streak, as core U.S. consumer price inflation came in below expectations in December, bringing back bets on two Federal Reserve rate...Reuters
Wed, Jan 15
Canadian home sales fell 5.8% in December, CREA data shows
OTTAWA, Jan 15 (Reuters) - Canadian home sales fell by 5.8% in December from November, and were up 19.2% on an annual basis, data from the Canadian Real Estate Association (CREA) showed on Wednesday.The industry group's Home Price Index edged up 0.3% on the month and was down 0.2% annually. (Reporti...Reuters
Wed, Jan 15
INSTANT VIEW-Dec CPI rises a touch above expectations, keeps Fed on track
Adds comments NEW YORK, Jan 15 (Reuters) - U.S. consumer prices increased slightly more than expected in November as energy costs rose, pointing to an inflation trend that lines up with the Federal Reserve's view for a slower path of rate cuts this year. The consumer price index rose 0.4% last mo...Reuters
Wed, Jan 15
