Fed's Bowman, worried by inflation, calls for caution on rate cuts

Fed's Bowman, worried by inflation, calls for caution on rate cuts

Federal Reserve Governor Michelle Bowman said on Friday that inflation risks to the economy remain real and labor market data hard to interpret, and that augurs caution with further decisions on...
December 06, 2024 at 11:15 am
US Nov payrolls show job growth accelerated after October hiccup

US Nov payrolls show job growth accelerated after October hiccup

U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but probably does not signal a material shift in labor market conditions that continue to ease steadily...
December 06, 2024 at 08:56 am
Canada's jobless rate jumps to near 8-year high of 6.8% in November

Canada's jobless rate jumps to near 8-year high of 6.8% in November

Canada's unemployment rate rose more than expected to 6.8% in November, a near-eight-year high excluding the pandemic years, even as the economy added a net 50,500 jobs, data showed on Friday, likely...
December 06, 2024 at 08:34 am
Rouble rebounds past 100 vs US dollar after Putin's gas payments decree

Rouble rebounds past 100 vs US dollar after Putin's gas payments decree

The Russian rouble rebounded past 100 to the U.S. dollar, trading at 99.50 on Friday, after a decree by President Vladimir Putin which opened new payment options for European buyers of Russian gas,...
December 06, 2024 at 07:39 am
Final slate of Fed speakers due before pre-meeting blackout begins

Final slate of Fed speakers due before pre-meeting blackout begins

U.S. Federal Reserve officials head into the quiet period ahead of their Dec. 17-18 meeting with new jobs numbers expected to show a rebound from the weak reading in October and a growing sense among...
December 06, 2024 at 06:02 am
BOJ is holding cards close to its chest on December rate hike

BOJ is holding cards close to its chest on December rate hike

The Bank of Japan is staying guarded on the timing of the next rate hike with December hardly a done deal given soft consumption, its governor's cautious decision-making style and anxiety over U.S....
December 05, 2024 at 11:08 pm
India rate call in focus, political crises cool

India rate call in focus, political crises cool

A look at the day ahead in Asian markets.  India's central bank interest rate decision grabs the spotlight in Asia on Friday, as investors digest yet another record high for the Nasdaq...
December 05, 2024 at 04:48 pm
US weekly jobless claims rise moderately

US weekly jobless claims rise moderately

The number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labor market continued to steadily cool. Initial claims for...
December 05, 2024 at 08:38 am
Canada Christmas stimulus, immigration curbs cast more doubt on fiscal targets

Canada Christmas stimulus, immigration curbs cast more doubt on fiscal targets

Canada's fiscal targets over the next few years will be tougher to achieve as a promised Christmas handout last month by Prime Minister Justin Trudeau amplifies the impact of falling growth from...
December 05, 2024 at 06:04 am
Powell remarks watched for sign of pushback or support of Fed rate cut

Powell remarks watched for sign of pushback or support of Fed rate cut

U.S. Federal Reserve Chair Jerome Powell speaks on Wednesday with key jobs data due Friday, a quiet period for Fed officials ahead of the Dec. 17-18 meeting beginning on Saturday, and investors...
December 04, 2024 at 11:01 am
Canada's services PMI rises to 19-month high in November

Canada's services PMI rises to 19-month high in November

Canada's services economy expanded for a second straight month in November as firms added staff, but incoming new work was subdued and the threat of U.S. tariffs could yet hurt sentiment, S&P Global's...
December 04, 2024 at 09:41 am
Bond vigilantes spare France for now, but political crisis will bring more pain

Bond vigilantes spare France for now, but political crisis will bring more pain

Bond investors are likely to spare France the dire financial storm Prime Minister Michel Barnier has warned of, but the fallout from the political crisis will hurt businesses, consumers and...
December 04, 2024 at 12:02 am
US job openings rise in October, layoffs decrease

US job openings rise in October, layoffs decrease

U.S. job openings increased moderately in October while layoffs declined, suggesting the labor market continued to slow in an orderly fashion. Job openings, a measure of labor demand,...
December 03, 2024 at 10:19 am
Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank...
December 03, 2024 at 04:17 am
Fed's Waller says inclined at this point to cut rates in December

Fed's Waller says inclined at this point to cut rates in December

Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting...
December 02, 2024 at 03:17 pm
Fed's Powell may have made US monetary policy boring again

Fed's Powell may have made US monetary policy boring again

For much of the past 17 years the Federal Reserve has been the central player in U.S. economic policy, throwing multi-trillion-dollar safety nets under the financial system, offering nearly a decade...
December 02, 2024 at 06:09 am
Exclusive-Russia's VTB expects rouble to stabilise around 100/dollar, CEO says

Exclusive-Russia's VTB expects rouble to stabilise around 100/dollar, CEO says

The Russian rouble will stabilise at around 100 to the U.S. dollar after the period of volatility in the aftermath of U.S. sanctions on Russia's financial sector, CEO of Russia's second largest lender...
December 02, 2024 at 01:06 am
Exclusive-Russia's VTB does not expect Western sanctions to be lifted soon

Exclusive-Russia's VTB does not expect Western sanctions to be lifted soon

Western sanctions imposed on Russia over its military action in Ukraine will not be lifted anytime soon, the CEO of Russia's second largest lender VTB Andrei Kostin told Reuters in an interview. ...
December 02, 2024 at 01:03 am
Dollar faces crunch week for US rates, yen holds gains

Dollar faces crunch week for US rates, yen holds gains

The dollar started in a cautious mood on Monday in what is shaping up to be a critical week for the prospect of U.S. rate cuts, while the yen's recent rebound was underpinned by wagers on rising rates...
December 01, 2024 at 06:23 pm
Jobs data set to pave way for rates path, stocks

Jobs data set to pave way for rates path, stocks

The coming week will give investors a fresh view into the health of the U.S. economy with the release of a closely watched employment report that could help determine the trajectory of interest rates...
November 29, 2024 at 10:05 am