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White House adviser Hassett says GDP 'fantastic,' job gains to jump
Dec 23 (Reuters) - White House economic adviser Kevin Hassett said stronger-than-expected U.S. economic growth reported on Tuesday is a product of President Donald Trump's trade policies and of investment in artificial intelligence, and heralds faster job gains ahead."It's really a fanta...Reuters
2 hours ago
Trump: Fed chair must align with my views on rates and markets
US President Donald Trump used a series of social media posts to outline his views on inflation, interest rates, and Federal Reserve (Fed) leadership, emphasizing a strong preference for lower rates and close alignment between monetary policy and market performance.Fxstreet
2 hours ago
WH Adviser Hassett: US is way behind the curve on lowering interest rates
White House Adviser Kevin Hassett said that the Federal Reserve (Fed) is not cutting interest rates quickly enough, even though the US economy grew at a much faster-than-expected pace in the third quarter, CNBC reported on Tuesday.Fxstreet
3 hours ago
WRAPUP 4-Robust consumer spending, rising exports fuel US economic growth in third quarter
Third-quarter economic growth increases at 4.3% rateConsumer spending accelerates at 3.5% paceSmaller trade deficit also helps boost growth Inflation heats up; corporate profits increase strongly By Lucia Mutikani WASHINGTON, Dec 23 (Reuters) - The U.S. economy grew at its fastest pace in two yea...Reuters
7 hours ago
TREASURIES-US yields retrace earlier gains after GDP, other data
By Matt Tracy Dec 23 (Reuters) - U.S. Treasury yields retraced their earlier gains on Tuesday after data showed consumer confidence fell to its lowest level since April, even as the U.S. economy grew more than forecast in the third quarter.The yield on 10-year Treasury notes US10YT=RR was last re...Reuters
8 hours ago
Trump says anybody that disagrees with him will never be Fed Chair
WASHINGTON, Dec 23 (Reuters) - U.S. President Donald Trump said on Tuesday he wants the next chairman of the Federal Reserve to lower interest rates if the markets are doing well, adding that "anybody that disagrees with me will never be the Fed Chairman."Reuters
9 hours ago
NEC Director Hassett: Fed moving too slowly on rate cuts amid strong growth
National Economic Council Director Kevin Hassett said Tuesday that the Federal Reserve (Fed) is moving too slowly in cutting interest rates, despite evidence that the U.S. economy is growing much faster than expected.Fxstreet
9 hours ago
Senegal extends deadline for $719 million regional bond offering
DAKAR, Dec 23 (Reuters) - Senegal has extended the subscription period for a regional public bond offering targeting residents, private investors and the diaspora worth 400 billion CFA francs ($719.10 million), arranger Invictus Capital said on Tuesday, without providing a reason for the delay.The o...Reuters
9 hours ago
White House advisor Hassett says GDP 'fantastic,' job gains to jump
Dec 23 (Reuters) - White House economic adviser Kevin Hassett said stronger-than-expected U.S. economic growth reported Tuesday for last quarter is a product of President Donald Trump's trade policies and of investment in artificial intelligence, and heralds faster job gains ahead."It's ...Reuters
10 hours ago
Mexico's annual inflation slows more than expected in early December
By Aida Pelaez-Fernandez MEXICO CITY, Dec 23 (Reuters) - Mexico's annual inflation slowed more than expected in the first half of December, official data showed on Tuesday, but an uptick is expected in January.Consumer price rises eased to 3.72% from 3.99% in the second half of November and l...Reuters
11 hours ago
US consumer confidence deteriorates in December
WASHINGTON, Dec 23 (Reuters) - U.S. consumer confidence deteriorated in December amid deepening anxiety over jobs and income, consistent with economists' expectations for a sharp moderation in consumer spending after it surged in the third quarter. The Conference Board said on Tuesday its ...Reuters
11 hours ago
US Trade Representative: Will levy tariffs on semiconductors from China
Citing a filing from the US Trade Representative's office, Reuters reported on Tuesday that the US will set new tariffs on semiconductors from China. According to the document, the initial tariff level of 0% will increase in 18 months to a rate to be announced later.Fxstreet
11 hours ago
