News
Important Only
Chile central bank trims interest rate to 4.5%
SANTIAGO, Dec 16 (Reuters) - Chile's central bank on Tuesday trimmed its benchmark interest rate by 25 basis points to 4.5% in a unanimous decision, in line with expectations, as inflation further cooled.In both October and November, annual inflation came in at 3.4%, within the central bank'...Reuters
14 minutes ago
Chile central bank trims interest rate to 4.5%
SANTIAGO, Dec 16 (Reuters) - Chile's central bank on Tuesday trimmed its benchmark interest rate by 25 basis points to 4.5% in a unanimous decision, in line with expectations, as inflation further cooled.In both October and November, annual inflation came in at 3.4%, within the central bank'...Reuters
19 minutes ago
Dallas Fed paper argues federal funds rate transmission effectiveness waning
Dallas Fed warns federal funds rate losing its potencyTri-party general collateral rate works better to transmit monetary policyDallas Fed paper comes as bank leader Logan argues for reform By Michael S. Derby NEW YORK, Dec 16 (Reuters) - New research from the Federal Reserve Bank of Dallas is bu...Reuters
an hour ago
More rate cuts could reignite inflation, hurt Fed credibility, Bostic says
By Howard Schneider WASHINGTON, Dec 16 (Reuters) - Further interest rate cuts could put U.S. monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bo...Reuters
an hour ago
TREASURIES-US yields fall as unemployment rate rises
Unemployment rate rises, data clouded by government shutdown distortionsEconomists expected 50,000 jobs, actual increase was 64,000Fed unlikely to cut rates soon, awaits job market clarityBy Karen Brettell NEW YORK, Dec 16 (Reuters) - U.S. Treasury yields fell on Tuesday after data showed an unex...Reuters
2 hours ago
What to Watch in the Day Ahead - Wednesday, December 17
Federal Reserve Board Governor Christopher Waller is likely to speak on the economic outlook before the Yale University CEO Summit (0815/1315). Meanwhile, Federal Reserve Bank of New York President John Williams is expected to give opening remarks before the 2025 FX (Foreign Exchange) Market Structu...Reuters
2 hours ago
Trump's approval rating slips to 39%, economy weighs, Reuters/Ipsos poll finds
Trump's approval rating drops to near lowest levelRepublican support for Trump's handling of economy declinesInflation remains elevated under Trump's administrationBy Jason Lange WASHINGTON, Dec 16 (Reuters) - President Donald Trump's approval rating slipped in recent days to near...Reuters
2 hours ago
WRAPUP 4-US job growth snaps back in November; shutdown distorts unemployment rate
Nonfarm payrolls increased by 64,000 jobs in NovemberEmployment declined by 105,000 in October due to federal government job lossesThe unemployment rate was 4.6% in NovemberGovernment shutdown prevented data collection for October jobless rateBy Lucia Mutikani WASHINGTON, Dec 16 (Reuters) - U.S. ...Reuters
3 hours ago
Moroccan central bank holds key rate at 2.25%
By Ahmed EljechtimiRABAT, Dec 16 (Reuters) - Morocco's central bank held its benchmark interest rate at 2.25% for a third consecutive meeting on Tuesday, saying current borrowing costs were appropriate given easing inflation domestically and global economic uncertainty. Due to a drop in food and...Reuters
3 hours ago
JD Vance asks for patience in Pennsylvania on US cost of living
VP JD Vance visits Pennsylvania to highlight economic policiesTour includes Uline warehouse, owned by major Trump donorsRising costs and inflation create political pressure for RepublicansBy Jarrett Renshaw ALBURTIS, Pennsylvania, Dec 16 (Reuters) - U.S. Vice President JD Vance called for patienc...Reuters
3 hours ago
EU drops 2035 combustion engine ban as global EV shift faces reset
EU sets 90% car CO2 emission reduction target for 2035EU's EV policy shift may benefit Chinese automakersComes after Ford takes $19.5 bln charge, retreats from EVsAnalysts say picture more nuanced in Europe vs USBy Philip Blenkinsop STRASBOURG, Dec 16 (Reuters) - The European Commission unvei...Reuters
3 hours ago
ANALYSIS-Consumer goods firms cut CEO tenures short in push for growth
CEO changes driven by sluggish growth, tariff uncertainty, and need to connect with younger shoppersRapid consumer preference shifts prompt firms to realign strategiesInvestors and boards want quicker turnaroundsBy Paolo Laudani and Helen Reid Dec 16 (Reuters) - Consumer goods firms are changing ...Reuters
4 hours ago
US jobless rate for Blacks and teens surges in November
Dec 16 (Reuters) - The unemployment rate for two U.S. groups that are often the most vulnerable to job loss in a softening economy - Blacks and teenagers - surged to the highest levels in more than four years in November, Labor Department data showed on Tuesday.The jobless rate for Blacks hit 8.3% i...Reuters
4 hours ago
US overdraft fees jump at big banks amid regulatory, economic shifts
Most of the largest US retail banks posted jumps in overdraft fee incomeIncreases follow Republican move to nix Biden-era overdraft capsFigures are nevertheless far below historical levelsBy Douglas Gillison WASHINGTON, Dec 16 (Reuters) - Fourteen of the largest U.S. retail banks posted jumps in ...Reuters
5 hours ago
Euro zone yields steady as global data paints mixed picture
Euro zone government bond yields steadyEuro zone flash PMIs weaker than expectedUS labour market data mixedBy Lucy Raitano and Samuel Indyk LONDON, Dec 16 (Reuters) - Euro zone government bond yields were little changed on Tuesday as traders weighed weaker-than-expected business activity data fro...Reuters
5 hours ago
Russian bank VTB to create agriculture giant from nationalised assets, CEO says
MOSCOW, Dec 1 (Reuters) - Russia's second-largest bank VTB plans to create a large agricultural holding from nationalised assets it had bought in the southern regions in December 2024, VTB's CEO Andrei Kostin told Reuters. He said the new holding will focus on domestic processing of grains a...Reuters
6 hours ago
BREAKINGVIEWS-Economic levitation trick will be hard to sustain
By Gabriel Rubin WASHINGTON, Dec 16 (Reuters Breakingviews) - The U.S. economy has turned into a whodunnit, or maybe a whatnotdunnit. In April, after President Donald Trump stood with a large posterboard and announced the end of decades of free trade, JPMorgan analysts put the odds of a recession...Reuters
6 hours ago
US rate futures lift odds of January cut after unemployment rises in November
Odds for rate cut pause in January still more than 70% Market still sees two rate cuts in 2026Fed likely to resume cutting rates again in June next yearBy Gertrude Chavez-Dreyfuss NEW YORK, Dec 16 (Reuters) - U.S. rate futures on Tuesday raised the probability of the Federal Reserve cutting inter...Reuters
6 hours ago
