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Fed's Miran says he's looking for rate cut of 150 basis points this year
WASHINGTON, Jan 5 (Reuters) - Stephen Miran, a Federal Reserve governor whose term ends at the end of January, said Thursday that he is looking for 150 basis points of interest-rate cuts this year to boost the U.S. labor market.Miran told Bloomberg Television's Surveillance program that Fed offi...Reuters
Thu, Jan 8
Canada records trade deficit, share of exports to US hits non-pandemic low
By David LjunggrenOTTAWA, Jan 8 (Reuters) - Canada recorded a smaller-than-expected trade deficit in October and the share of exports to the United States fell to its lowest ever non-pandemic level, official data indicated on Thursday.Statistics Canada recorded a deficit of C$583 million ($420.48 mi...Reuters
Thu, Jan 8
TREASURIES-Treasury yields climb ahead of Friday's jobs report
Unemployment claims edge higherFed balances labor market concerns with inflation worriesJobs report expected to clarify labor market state post-shutdownBy Karen Brettell NEW YORK, Jan 8 (Reuters) - U.S. Treasury yields rose on Thursday after data showed that the number of Americans filing new app...Reuters
Thu, Jan 8
US October trade deficit lowest since 2009 as imports decline
WASHINGTON, Jan 8 (Reuters) - The U.S. trade deficit contracted sharply in October, hitting the lowest level since mid-2009 as imports declined, a trend that if sustained could see trade again adding to economic growth in the fourth quarter. The trade gap narrowed 39.0% to $29.4 billion, the lowest ...Reuters
Thu, Jan 8
US third-quarter productivity rises at fastest pace in two years
WASHINGTON, Jan 8 (Reuters) - U.S. worker productivity grew at its fastest pace in two years in the third quarter as businesses invested heavily in artificial intelligence, depressing labor costs. Nonfarm productivity, which measures hourly output per worker, accelerated at a 4.9% annualized rate, t...Reuters
Thu, Jan 8
China: PMIs point to improving momentum at year-end – ABN AMRO
Both manufacturing PMIs rose back to expansion territory in December. Both composite PMIs up for the first time since September. • Still more targeted support and piecemeal monetary easing expected this year, ABN AMRO's Senior Economist Arjen van Dijkhuizen reports.Fxstreet
Thu, Jan 8
