News
Important Only
US inflation challenge has not been won yet, Fed's Bostic says
Jan 14 (Reuters) - The challenge in containing inflation in the U.S. economy "has not been won yet" and requires the Federal Reserve to continue to be restrictive in its monetary policy stance, Atlanta Federal Reserve President Raphael Bostic said on Wednesday.The economy is likely to accele...Reuters
Wed, Jan 14
FACTBOX-What Saks Global's bankruptcy filing reveals about its assets, creditors, financing
Jan 14 (Reuters) - High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday, barely a year after a deal that aimed to create a luxury powerhouse. One of the largest retail collapses since the pandemic, the development casts uncertainty over the future of U.S...Reuters
Wed, Jan 14
Fed's Bostic: Powell's video said all it needed to say
Jan 14 (Reuters) - Federal Reserve Bank of Atlanta President Raphael Bostic on Wednesday said the video statement issued on Sunday by Fed Chair Jerome Powell in response to receiving criminal subpoenas from the Trump administration "said all it needed to say."Bostic, who is retiring from the...Reuters
Wed, Jan 14
Goolsbee calls Powell 'first-ballot hall-of-fame Fed chair,' NPR says
Jan 14 (Reuters) - The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe into Federal Reserve Chair Jerome Powell, threaten to make that task harder, Chicago Fed President Austan Goolsbee said on W...Reuters
Wed, Jan 14
Fed's Miran: Commentary of foreign central banks on Powell indictment threat not appropriate
WASHINGTON, Jan 14 (Reuters) - U.S. Federal Reserve Governor Stephen Miran told a European audience on Wednesday that comments from foreign central banks in defense of Fed Chair Jerome Powell were inappropriate, and dismissed concerns about the resilience of U.S. institutions as "people writing ...Reuters
Wed, Jan 14
US crude stocks and gasoline inventories rise sharply, EIA says
By Liz Hampton and Georgina McCartneyJan 14 (Reuters) - U.S. crude and gasoline inventories both rose more than expected last week, the Energy Information Administration said on Wednesday, as refining activity and imports jumped. Crude stocks were up by 3.4 million barrels to 422.4 million barrels i...Reuters
Wed, Jan 14
Euro zone government bond yields edge down, US data in focus
US data in focus as investors set aside geopolitical risksCommerzbank sees upbeat figures capping Bund gainsFrench politics return to spotlight as Le Pen appeal opensBy Stefano Rebaudo Jan 14 (Reuters) - Euro zone government bond yields edged down on Wednesday, with investors focused more on econ...Reuters
Wed, Jan 14
TREASURIES-US yields slightly lower after data, tariff decision awaited
Producer prices rise moderately in NovemberNovember retail sales top expectationsGeopolitical tensions in Middle East spur investor cautionSupreme Court ruling on Trump's tariffs awaitedBy Chuck Mikolajczak NEW YORK, Jan 14 (Reuters) - U.S. Treasury yields edged lower on Wednesday after readi...Reuters
Wed, Jan 14
Fed’s Miran: Deregulation last year was 'substantial'
Federal Reserve (Fed) governor Stephen Miran said that he thinks deregulation should put downward pressure on prices, and stated that if central banks don't accommodate the impact of deregulation, it makes policy too tight, in a speech at the Delphi Economic Forum in Athens on Wednesday.Fxstreet
Wed, Jan 14
US business inventories increase again in October
WASHINGTON, Jan 14 (Reuters) - U.S. business inventories increased further in October as sales dropped, suggesting inventories could contribute to gross domestic product in the fourth quarter.Inventories rose 0.3%, matching the gain in September, the Commerce Department's Census Bureau said on W...Reuters
Wed, Jan 14
US crude stocks and gasoline inventories rise, distillate stocks fall, EIA says
U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell last week, the Energy Information Administration said on Wednesday.Crude stocks rose by 3.4 million barrels to 422.4 million barrels in the week ended January 9, the EIA said, compared with analysts' expectations in...Reuters
Wed, Jan 14
Fed's Miran says Trump's deregulation will help lower inflation, justifying rate cuts
By Howard Schneider WASHINGTON, Jan 14 (Reuters) - The Trump administration's deregulation effort will put downward pressure on inflation and is another reason for the U.S. central bank to cut interest rates, Federal Reserve Governor Stephen Miran said on Wednesday.In comments prepared for de...Reuters
Wed, Jan 14
Angola delivers third straight rate cut, sees inflation falling further
By Miguel Gomes LUANDA, Jan 14 (Reuters) - Angola's central bank cut its main interest rate for the third policy meeting in a row on Wednesday, saying it expected an inflation slowdown to continue this year. The Bank of Angola cut its policy rate AOINTR=ECI by 100 basis points to 17...Reuters
Wed, Jan 14
US existing home sales accelerate in December
WASHINGTON, Jan 14 (Reuters) - U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices.Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million units, the National Association of Realtors said on Wednesday. Econo...Reuters
Wed, Jan 14
