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Fed's Goolsbee in Fox Business interview welcomes latest inflation data, says more rate cuts may loom
By Michael S. DerbyDec 18 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday fresh inflation data is “good” and if it can be sustained it should help open the door for more interest rate cuts next year.“My view is that the settling point of rates is a fair bit below ...Reuters
33 minutes ago
FACTBOX-Finalists for top Fed job want to cut rates, but diverge from there
Hassett, Waller and Warsh all say rates should be lowerTrump has interviewed each of the top three candidates Their views on other aspects of central banking differBy Howard Schneider WASHINGTON, Dec 18 (Reuters) - The three candidates interviewed by President Donald Trump so far to replace Feder...Reuters
33 minutes ago
TREASURIES-US yields dip with lower-than-expected inflation
Consumer price inflation below economists' forecasts in NovemberFed policy outlook remains uncertain amid data concernsTraders await Trump's Fed chair nomination decisionBy Karen Brettell NEW YORK, Dec 18 (Reuters) - U.S. Treasury yields fell on Thursday after data showed that consumer pr...Reuters
an hour ago
What to Watch in the Day Ahead - Friday, December 19
On the U.S. economic front, the National Association of Realtors is expected to report existing home sales rose to 4.15 million in November from 4.1 million in the prior month. The University of Michigan's consumer sentiment index final reading for December is forecast to show 53.4, compared wit...Reuters
2 hours ago
The pain points and bright spots in a patchy US inflation report
By Dan BurnsDec 18 (Reuters) - The long-delayed Consumer Price Index report for November offered some early holiday cheer for a Trump administration feeling the heat from Americans over high and climbing prices.Housing costs were up by the smallest margin in four years and food costs rose by the lea...Reuters
2 hours ago
WRAPUP 4-US annual consumer inflation slows in November, but report distorted by missing data
Consumer price index up 2.7% on year-over-year basis in NovemberNo monthly inflation rates were published due to government shutdownWeekly jobless claims decrease 13,000 to 224,000Continuing claims increase 67,000 to 1.897 millionBy Lucia Mutikani WASHINGTON, Dec 18 (Reuters) - U.S. consumer pric...Reuters
2 hours ago
EXCLUSIVE-Syria, Kurdish forces race to save integration deal ahead of deadline
Pact foresaw integration of SDF forces by year-endSyria, SDF, US accelerated talks in recent daysDamascus open to SDF reorganization, sources sayForces could form three divisions, open up territoryRisk of clash that could derail peace, draw in TurkeyBy Suleiman Al-Khalidi, Timour Azhari, Maya Gebeil...Reuters
6 hours ago
White House adviser Hassett hails lower-than-expected inflation data
WASHINGTON, Dec 18 (Reuters) - White House economic adviser Kevin Hassett welcomed the consumer price index report on Thursday, saying the U.S. economy was showing high growth and lower inflation."I'm not saying we're going to declare victory yet on the price problem, but this is just an...Reuters
7 hours ago
