New York Fed says as of January reserve levels still abundant
By Michael S. Derby NEW YORK (Reuters) - The Federal Reserve Bank of New York released data Thursday that suggest it faces no imminent pressure to stop the process of shrinking...
Fed's Waller: Cuts could come sooner than later if disinflation meets expectations
WASHINGTON (Reuters) - Inflation is likely to continue to ease and possibly allow the Federal Reserve to cut rates sooner and faster than expected, Fed governor Chris Waller said...
US business inventories edge up in November
WASHINGTON (Reuters) - U.S. business inventories rose marginally in November, suggesting that restocking will probably not contribute to economic growth in the fourth quarter....
ECB's Lagarde moves markets with a frown, Draghi with a smile, study finds
FRANKFURT (Reuters) - The European Central Bank's President Christine Lagarde can move financial markets with a frown, while her predecessor, Mario Draghi, used a smile to...
Column-EM central banks cool on Treasuries, stoking bond yield heat: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) - Spiking Treasury yields and the 'wrecking ball' dollar are creating a negative feedback loop that monetary authorities around the...
Bank of Canada to cut rates on Jan. 29, cautious over potential US tariff impact: Reuters poll
By Mumal Rathore BENGALURU (Reuters) - The Bank of Canada will cut interest rates by 25 basis points to 3.00% on Jan. 29, according to a Reuters poll of economists, but many were...
Philly Fed's factory gauge surges by most since June 2020
(Reuters) - A gauge of manufacturing activity in the U.S. Mid-Atlantic region shot up by the most in about four-and-a-half years in January, with new orders and shipments both...
Golf-LIV Golf signs multi-year media rights deal with Fox Sports
(Reuters) - Fox Sports has signed a multi-year media rights agreement with LIV Golf to broadcast its league competition in the U.S. starting next month, the network announced on...
US import prices remain tame in December
WASHINGTON (Reuters) - U.S. import prices barely rose for a third straight month in December as a surge in the costs of fuels ad foods was offset by weakness elsewhere, which...
UBS cuts UK GDP forecasts for 2024/2025
- The UK economy returned to growth in November, but the smaller-than-expected expansion has prompted UBS to cut its GDP forecasts for 2024 and 2025. UK gross...