News
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Fed's Schmid says central bank 'near' neutral interest rate level
Schmid says Fed close to meeting job, inflation goalsHe thinks Fed's policy rate may be close to neutral rateKansas City Fed chief says further rate cuts should be driven by dataSchmid wants more contraction of Fed's balance sheetBy Michael S. Derby NEW YORK, Jan 9 (Reuters) - Kansas City Federal...Reuters
Thu, Jan 9
Fed's Barkin: Lack of fiscal space is a risk for future recessions
Federal Reserve (Fed) Bank of Richmond President Tom Barkin noted on Thursday that even though consumer debt ratios are in an overall better place than they were in years past, the Fed is facing some key difficulties looking forward to future downturns unless space on the central bank's books opens up.Fxstreet
Thu, Jan 9
UN predicts world economic growth to remain at 2.8% in 2025
UNITED NATIONS/NEW DELHI, Jan 9 (Reuters) - Global economic growth is projected to remain at 2.8% in 2025, unchanged from 2024, held back by the top two economies, the U.S. and China, according to a United Nations report released on Thursday.The World Economic Situation and Prospects report said tha...Reuters
Thu, Jan 9
UPDATE 3-Mexico's annual inflation eases in December, supporting further rate cuts
Updates with comment from central bank board member in paragraph 3, central bank minutes in paragraphs 8-9By Natalia Siniawski Jan 9 (Reuters) - Mexico's headline inflation rate eased more than expected in December, fueling bets that the central bank will keep cutting its benchmark interest rate ...Reuters
Thu, Jan 9
UPDATE 3-Ghana could seek more IMF funding, incoming finance minister says
New Finance Minister Forson says committed to work with IMFGhana wants to raise additional financing, says ForsonPresident Mahama wants to quickly boost economy, create jobsRecasts with comments from incoming finance minister, updates throughoutBy Maxwell Akalaare Adombila ACCRA, Jan 9 (Reuters) ...Reuters
Thu, Jan 9
BoE's Breeden: Some evidence of activity weakening, but we expect it to pick up again
Bank of England (BoE) Monetary Policy Committee (MPC) member and Deputy Governor for Financial Stability Sarah Breeden noted that it might finally be time for the BoE to start loosening policy rates now that UK economic data has effectively begun to crumble.Fxstreet
Thu, Jan 9
US 30-year fixed-rate mortgage rate hovers just under 7%
WASHINGTON, Jan 9 (Reuters) - U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could further squeeze potential buyers from the market. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.93%, the highest level si...Reuters
Thu, Jan 9
UPDATE 1-Fed's Harker still expects rate cuts but says imminent move not needed
Adds comments on monetary policy outlook in paragraphs 1, 5-6By Michael S. Derby NEW YORK, Jan 9 (Reuters) - Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest rates, but added that any sort of imminent move down isn't nee...Reuters
Thu, Jan 9
Bank of Mexico board members open to larger rate cuts, minutes show
MEXICO CITY, Jan 9 (Reuters) - Multiple members of the Bank of Mexico's governing board are open to increasing the magnitude of cuts to the country's benchmark interest rate in future decisions, minutes from the bank's December monetary policy meeting showed on Thursday.Banxico, as the Mexican centr...Reuters
Thu, Jan 9
Canada considers retaliatory tariffs on orange juice, other US goods, paper says
OTTAWA, Jan 9 (Reuters) - Canada is considering slapping retaliatory tariffs on a slew of U.S. products including orange juice in case President-elect Donald Trump imposes a 25% tariff on goods imported from north of its border, a local newspaper said on Thursday.Orange juice is largely produced in ...Reuters
Thu, Jan 9
TREASURIES-Yields decline as Trump policies stay in focus
Jan 9 (Reuters) - Treasury yields eased on Thursday following a sharp selloff that sent 10-year yields to a more than eight-month high on Wednesday as traders evaluated the likely economic impact of policies proposed by the incoming administration of President-elect Donald Trump.Business deregulatio...Reuters
Thu, Jan 9
Fed's Collins says now is time for patient, gradual approach to rate cuts
By Michael S. DerbyNEW YORK, Jan 9 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for the central bank moving forward cautiously with future rate cuts. “With an economy that is in a good place overall and policy al...Reuters
Thu, Jan 9
Fed's Harker still expects rate cuts but sees considerable uncertainty
By Michael S. Derby NEW YORK, Jan 9 (Reuters) - Philadelphia Federal Reserve President Patrick Harker said on Thursday he still expects the U.S. central bank to cut interest rates but added that the policy path is clouded by considerable economic uncertainty. "I still see us on a downward policy ...Reuters
Thu, Jan 9
UPDATE 1-Brazil's retail sales down more than expected in November
Recasts throughout SAO PAULO, Jan 9 (Reuters) - Retail sales volumes in Brazil fell slightly more than expected in November, data from statistics agency IBGE showed on Thursday, as Latin America's largest economy provides some cooling signs amid tight financial conditions.Sales were down 0.4% in ...Reuters
Thu, Jan 9
