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Senate Democrats urge Republican to delay hearing for Trump's energy secretary pick
WASHINGTON, Jan 14 (Reuters) - Democratic lawmakers on the U.S. Senate Energy Committee called Tuesday on the panel's Republican chairman to postpone the confirmation hearing for President-elect Donald Trump's pick to lead the Department of Energy, citing a paperwork delay.The hearing for Chris Wrig...Reuters
Tue, Jan 14
U.S. posts record $711 bln deficit for first three months of fiscal 2025
WASHINGTON, Jan 14 (Reuters) - The U.S. government posted an $87 billion budget deficit in December, reduced partly by a shift of benefit payments into November but capping a record $711 billion deficit for the first three months of the 2025 fiscal year, the U.S. Treasury Department said on Tuesday....Reuters
Tue, Jan 14
Canada PM Trudeau to convene ministers on Trump's inauguration day
Jan 14 (Reuters) - Canadian Prime Minister Justin Trudeau will hold a cabinet retreat on Jan. 20 and 21 focused on defending Canadian interests and boosting ties with United States, the prime minister's office said in a statement on Tuesday. The meeting will coincide with the inauguration of Preside...Reuters
Tue, Jan 14
Bunds trapped in second-longest losing streak in 10 years
German Bund yields rise for tenth straight dayYields boosted by inflation fears, Trump uncertaintiesBonds get brief reprieve from US wholesale inflation dataUpdates throughout with afternoon European price actionBy Greta Rosen Fondahn and Amanda Cooper Jan 14 (Reuters) - German 10-year government...Reuters
Tue, Jan 14
WRAPUP 2-US inflation still slowing as producer prices rise below expectations in December
Adds details from report, analyst comments throughoutProducer price index increases 0.2% in DecemberHigher goods prices account for rise in the PPIProducer prices climb 3.3% on year-on-year basis Core PPI edges up 0.1%; gains 3.3% on year-on-year basisBy Lucia Mutikani WASHINGTON, Jan 14 (Reuters...Reuters
Tue, Jan 14
KC Fed's Schmid: Fed will act if Trump tariffs throw inflation or jobs off course
WASHINGTON, Jan 14 (Reuters) - The impact of the incoming Trump administration's policies on the U.S. economy is an "active conversation" at the Federal Reserve and the central bank will respond if either its inflation or employment goals are pushed off course, Kansas City Fed president Jeff Schmid ...Reuters
Tue, Jan 14
TREASURIES-US yields dip after tame producer prices
US producer prices rise 0.2% in DecemberUS 10-year yield hits 14-month high overnight of 4.8%US 2/10 yield curve steepensUS rate futures price in just one cut this yearBy Gertrude Chavez-Dreyfuss NEW YORK, Jan 14 (Reuters) - U.S. Treasury yields slipped on Tuesday after data showed producer price...Reuters
Tue, Jan 14
US producer prices rise moderately in December
WASHINGTON, Jan 14 (Reuters) - U.S. producer prices increased moderately in December, but that is unlikely to change views that the Federal Reserve would not cut interest rates again before the second half of this year amid labor market resilience. The producer price index for final demand rose 0.2%...Reuters
Tue, Jan 14
Brazil auto production down in December; sales rise
SAO PAULO, Jan 14 (Reuters) - Brazil's auto production fell 19.5% in December from November, to a total of 190,131 units, automakers association Anfavea said on Tuesday.Vehicle sales in Latin America's largest economy, on the other hand, were up 1.6% month-on-month to 257,431 units, Anfavea added. (...Reuters
Tue, Jan 14
FACTBOX-What to expect on Trump's Inauguration Day
Recasts, adds Middle East role for Witkoff, SBA nomination for Loeffler, adds details on executive ordersBy James Oliphant WASHINGTON, Jan 14 (Reuters) - Donald Trump will be sworn in as president of the United States on Monday, ushering in his second term in office and capping one of the mos...Reuters
Tue, Jan 14
US small business confidence jumps to more than six-year high
WASHINGTON, Jan 14 (Reuters) - U.S. small-business confidence surged to the highest level in just over six years in December, extending post election gains. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 3.4 points to 105.1 last month, the...Reuters
Tue, Jan 14
