News
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US Treasury's Bessent says Rieder not yet interviewed for top Fed job, decision likely this month
MINNEAPOLIS, Jan 8 (Reuters) - BlackRock's chief bond investment manager, Rick Rieder, has not been interviewed yet by U.S. President Donald Trump for the Federal Reserve top job, Treasury Secretary Scott Bessent said on Thursday, adding that he expects the nominee to be announced later this...Reuters
Thu, Jan 8
Fed to cut rates slightly this year, CBO forecasts
Jan 8 (Reuters) - The Federal Reserve will likely cut rates a little more this year to "address downside risks to the labor market," the Congressional Budget Office forecast on Thursday, with higher tariffs and increased demand from the Trump administration's tax cuts expected to keep in...Reuters
Thu, Jan 8
Bank of Mexico, flagging new taxes and tariffs, signals support for rate cut pause
Banxico signals caution due to trade uncertainty and new tariffsAnalysts expect rate cut pause amid inflation concernsNew taxes and tariffs may temporarily impact inflationBy Brendan O'Boyle MEXICO CITY, Jan 8 (Reuters) - Mexico’s central bank policymakers signaled greater caution on the pace...Reuters
Thu, Jan 8
WRAPUP 2-US weekly jobless claims edge up; third-quarter worker productivity surges
Weekly jobless claims increase 8,000 to 208,000 Continuing claims jump by 56,000 to 1.914 millionThird-quarter worker productivity rises at fastest pace in two yearsBy Lucia Mutikani WASHINGTON, Jan 8 (Reuters) - The number of Americans filing new applications for unemployment benefits rose moder...Reuters
Thu, Jan 8
Tax break to provide tailwind to US economy in 2026, Bessent says
GOLDEN VALLEY, Minnesota, Jan 8 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday said an early start to the 2026 tax filing season would provide a tailwind to the U.S. economy by allowing benefits from Republican-passed tax breaks to flow quickly to Americans.Bessent, in a speech to the...Reuters
Thu, Jan 8
UN predicts world economic growth to slip to 2.7% in 2026
UN report says US economic growth forecast to edge up to 2.0% in 2026 and 2.2% in 2027In China, economy projected to grow by 4.6% in 2026 and 4.5% in 2027Growth in India forecast at 6.6% for 2026 and 6.7% for 2027By Michelle NicholsUNITED NATIONS, Jan 8 (Reuters) - Global economic growth is forecast...Reuters
Thu, Jan 8
RPT-Trump to decide on Freddie, Fannie IPO in next month or two, FHFA's Pulte tells CNBC
WASHINGTON, Jan 8 (Reuters) - U.S. Federal Housing Finance Agency Director William Pulte said on Thursday he expects President Donald Trump will make a decision in the next month or two on whether to sell a piece of the U.S. mortgage agencies Fannie Mae and Freddie Mac in an initial public offering....Reuters
Thu, Jan 8
Constellation Brands warns beer sales under pressure as Hispanic consumers cut back
By Neil J Kanatt Jan 8 (Reuters) - Constellation Brands STZ.N executives said on Thursday beer sales could remain volatile and under pressure as economic uncertainty and high unemployment among Hispanic consumers, its core customer base, continue to weigh on spending.Alcohol sales have weakened a...Reuters
Thu, Jan 8
Trump to decide on Freddie, Fannie IPO in next month or two, FHFA's Pulte tells CNBC
WASHINGTON, Jan 8 (Reuters) - U.S. Federal Housing Finance Agency Director William Pulte said on Thursday he expects President Donald Trump will make a decision in the next month or two on whether to sell a piece of the U.S. mortgage agencies Fannie Mae and Freddie Mac in an initial public offering....Reuters
Thu, Jan 8
Banxico governors agree on greater gradualism, caution for future rate moves
By Brendan O'BoyleMEXICO CITY, Jan 8 (Reuters) - Mexico's central bank governors all agreed that greater gradualism and caution should guide future interest rate decisions, citing trade uncertainty and new taxes going into 2026, minutes from the bank's December monetary policy meeting sh...Reuters
Thu, Jan 8
CORRECTED-US weekly jobless claims increase marginally
WASHINGTON, Jan 8 (Reuters) - The number of Americans filing new applications for unemployment benefits rose moderately last week, suggesting that layoffs were relatively low at the end of 2025, though demand for labor remained sluggish. Initial claims for state unemployment benefits rose 8,000 to a...Reuters
Thu, Jan 8
Euro zone yields edge up from one-month lows
By Alun John LONDON, Jan 8 (Reuters) - Euro zone government bond yields edged up from one-month lows on Thursday, and yield curves steepened a touch, as this week's rally on cooler-than-expected inflation data paused, partly due to higher oil prices and stronger producer price inflation. Seve...Reuters
Thu, Jan 8
US consumers more worried about job market in December, New York Fed report says
New York Fed report finds rise in near-term expected inflationUS consumers more concerned about job market, report saysIt finds less worry about current, future personal financesBy Michael S. Derby Jan 8 (Reuters) - Americans grew more worried about the job market in December even as anxieties ov...Reuters
Thu, Jan 8
Banxico governors agree greater gradualism, caution should guide future rate decisions
Jan 8 (Reuters) - Mexico's central bank governors all agreed that greater gradualism and caution should guide future interest rate decisions, minutes from the bank's December monetary policy meeting showed on Thursday. The minutes show that, while four of the bank's five governors voted ...Reuters
Thu, Jan 8
