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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
Fed's Kashkari tells NYT it is 'way too soon' to cut rates
Jan 14 (Reuters) - Minneapolis Federal Reserve President Neel Kashkari did not want to cut interest rates last month and sees no need to cut them any time soon given labor market resilience and inflation above the Fed's target, the New York Times reported on Wednesday."I don't see any im...Reuters
Wed, Jan 14
Oil rebound strengthens NOK outlook against the Euro – Société Générale
Renewed geopolitical tensions and rising oil volatility have reconnected EUR/NOK with crude dynamics, setting the stage for potential NOK strength if supply risks escalate, Société Générale's FX analysts Olivier Korber and Kit Juckes reports.
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Wed, Jan 14
Fed's Paulson reiterates more rate cuts could follow moderating in inflation
By Michael S. Derby Jan 14 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson reiterated Wednesday her expectation that the central bank could lower short-term interest rates later this year if the economy meets her expectations of moderating inflation and job market stabiliz...Reuters
Wed, Jan 14
US current account deficit contracts sharply in the third quarter
WASHINGTON, Jan 14 (Reuters) - The U.S. current account deficit narrowed sharply in the third quarter as tariffs weighed on imports and primary income surged. The Commerce Department's Bureau of Economic Analysis said on Wednesday the current account deficit, which measures the flow of goods, se...Reuters
Wed, Jan 14
BREAKINGVIEWS-Central bank ability matters more than autonomy
By Jon Sindreu LONDON, Jan 14 (Reuters Breakingviews) - Watching President Donald Trump’s attempts to impose his will on the Federal Reserve, it’s easy to evoke parallels with Zimbabwe or Turkey. In the African country, central bank money-printing led to hyperinflation, while Turkish President Ta...Reuters
Wed, Jan 14
US producer prices increase moderately in November
WASHINGTON, Jan 14 (Reuters) - U.S. producer prices picked up slightly in November amid a surge in the cost of gasoline, but businesses appeared to be absorbing some of the tariffs on imports, with trade margins compressing. The Producer Price Index for final demand rose 0.2% in November after edgin...Reuters
Wed, Jan 14
US retail sales beat expectations in November
WASHINGTON, Jan 14 (Reuters) - U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households increased spending elsewhere, pointing to solid economic growth in the fourth quarter. Retail sales rose 0.6% after a downwardly revised 0.1% drop in October,...Reuters
Wed, Jan 14
