News
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The First Voice from FED in the Beginning of 2025: Hawkish! The Slowdown in Inflation Is Questioned as an Illusion
TradingKey - After the hawkish rate cut at December 2024 policy meeting, at the start of 2025, Federal Reserve officials made "hawkish" remarks, emphasizing that the Federal Reserve's task of combating inflation is still unfinished, which means that there are still significant obstacles to the Fed..
BRIEF-Salesforce Data Shows Holiday Shoppers Spent A Record $1.2 Trillion Online, Up 3%
Jan 6 (Reuters) - Salesforce Inc CRM.N:SALESFORCE DATA SHOWS HOLIDAY SHOPPERS SPENT A RECORD $1.2 TRILLION ONLINE, UP 3%SALESFORCE DATA SHOWS HOLIDAY SHOPPERS SPENT $282 BILLION IN THE U.S., UP 4%SALESFORCE: SHOPPERS HAVE SENT BACK $122 BILLION IN MERCHANDISE BOUGHT DURING HOLIDAY SHOPPING SEASONSAL...Reuters
Mon, Jan 6
AI-influenced shopping boosts online holiday sales, Salesforce data shows
Jan 6 (Reuters) - Artificial intelligence-powered chatbots helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by nearly 4% year-over-year, according to a report by Salesforce.Retailers turned to nifty conversational customer servi...Reuters
Mon, Jan 6
UPDATE 1-UK firms lost momentum and cut staff after budget, surveys show
UK final December composite PMI 50.4 vs preliminary 50.5Businesses shedding jobs at fastest rate since January 2021BCC and FSB surveys also paint gloomy picture Adds BCC and FSB surveys and economist reaction in paragraphs 4, 9-10 and 16-17By Andy Bruce and David Milliken Jan 6 (Reuters) - Britis...Reuters
Mon, Jan 6
USD/JPY: Chance of a rate hike at the next MPC – OCBC
USD/JPY continued to hover near recent highs. BOJ Governor Ueda reiterated that BOJ will raise policy rate if economic conditions continue to improve this year. Pair was last seen trading at 157.63, OCBC’s FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Mon, Jan 6
US President-elect Trump aides considering universal tariffs on critical imports – Washington Post
US President-elect Donald Trump's aides are considering tariffs that would be applied to every country but only cover critical imports, the Washington Post reported on Monday, per Reuters.Fxstreet
Mon, Jan 6
Bund yields hit fresh 2-month high before German inflation data
By Stefano Rebaudo Jan 6 (Reuters) - Euro zone benchmark Bund yields hit a fresh two-month high on Monday, with markets scaling back bets on European Central Bank rate cuts ahead of the release of German inflation data.The consumer price index of the German state of Hesse rose 2.7% year-on-year. ...Reuters
Mon, Jan 6
Trump's policies may not prove inflationary, Bernanke, others say
Bernanke, Romer, Furman see limited inflation impactsTrump plans tariffs, tax cuts; exact policies still an unknownSome analysts continue to express worriesBy Ann SaphirSAN FRANCISCO, Jan 6 (Reuters) - A number of leading economists, including advisers to past U.S. presidents, have coalesced around ...Reuters
Mon, Jan 6
UK firms lose more momentum and cut staff in December in wake of budget, PMI shows
By Andy Bruce Jan 6 (Reuters) - British business activity growth slowed to a crawl in December and employers cut staffing at the fastest rate in almost four years as a slump in corporate morale after the government's budget rumbled on, a survey showed on Monday.The final reading of the UK S&P Com...Reuters
Mon, Jan 6
French 2025 budget targets 50 bln euros in cost savings, finance minister says
PARIS, Jan 6 (Reuters) - French Finance Minister Eric Lombard said on Monday that the 2025 budget now targets 50 billion euros in cost savings.Lombard made the comments on France Inter radio, adding that French business leaders were worried that France did not yet have a budget for 2025. (Reportin...Reuters
Mon, Jan 6
UPDATE 1-BOJ's Ueda vows to keep hiking rates with focus on risks
BOJ will raise rates if economy continues to improve, Ueda saysBOJ must look at 'various risks' in deciding rate-hike timingPM Ishiba pledges steps to boost wages, consumptionBOJ's regional report, deputy governor's speech in focusRecasts with comments from Ueda, Prime Minister IshibaBy Leika Kihara...Reuters
Mon, Jan 6
French finance minister says eyes 2025 budget deficit in 5-5.5% range
PARIS, Jan 6 (Reuters) - French finance minister Eric Lombard said France's budget situation was "serious" , adding he targeted a 2025 deficit in a range of 5% to 5.5% of gross domestic product (GDP). Lombard also told France Inter radio that the budget deficit would "probably" be around 6.1% in...Reuters
Mon, Jan 6
