- — Fed set for long pause this year, Macquarie says, after hot inflation report
- Januarys hot inflation report coupled with the stellar monthly jobs report last week delivered a mighty blow to rate-cut expectations, with some on Wall Street reiterating calls for the Federal Reserve interest rates to remain on a long hold for the year. Our baseline FOMC view remains for a long hold in 2025 and no ...
- — France can no longer afford to put off belt-tightening, public auditor says
- France can no longer afford to put off belt-tightening efforts as debt payments snowball ever higher in the coming years, the independent public audit office said on Thursday. Frances public finances spiralled out of control last year as a political crisis left four successive governments largely paralysed, incapable of tackling an unexpected drop in tax ...
- — Most economists expect BOJ to hike rates in latter half of 2025, survey shows
- Most economists expect the Bank of Japan to raise short-term interest rates again in the latter half of this year, a monthly survey on economists conducted by private think tank Japan Center for Economic Research (JCER) showed on Thursday. In the survey of 36 economists conducted between January 30 and February 6, 30 said they ...
- — US producer prices rise slightly above expectations in January
- U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest rates before the second half of the year. The producer price index for final demand rose 0.4% last month after an upwardly revised 0.5% gain in ...
- — No sign of German economic recovery at start of 2025, ministry says
- There has been no noticeable economic recovery in Germany since the beginning of the year, the economy ministry said in its monthly report released on Thursday. Against the backdrop of persistently weak domestic and foreign demand, increased domestic and geopolitical risks, particularly with regard to U.S. trade policy, there are still no signs of ...
- — Greece sees highest industrial output rise among EU states in SEE in Dec
- Greece posted the highest annual industrial output growth among EU member states in Southeast Europe (SEE) in December, at 5.9%, Eurostat said on Thursday. In monthly comparison terms, Croatia recorded the largest rise in industrial production among EU states in SEE and third-largest in the EU, at 6.3%, the blocs statistical office said in a ...
- — US posts $129 billion January deficit on calendar shifts, higher outlays
- The federal government posted a $129 billion budget deficit for January, up sharply from an unusually low $22 billion deficit in January 2024 due to benefit payment calendar shifts and higher outlays for Social Security, Medicare, interest and other costs, the U.S. Treasury said on Wednesday. The January budget results, the last reflecting fiscal management ...
- — Mass firings of federal workers begin as Trump and Musk purge U.S. government
- Mass firings at multiple U.S. government agencies have begun as President Donald Trump and Tesla CEO Elon Musk accelerate their purge of Americas federal bureaucracy, union sources and employees familiar with the layoffs told Reuters on Thursday. Termination emails have been sent in the past 48 hours to scores of government workers, mostly recently hired ...
- — U.S. Economic Growth to Slow with Evolving Risk Environment
- Resilient consumer spending momentum supports U.S. economic growth, although growth will decelerate in 2025 due to the effects of higher U.S. import tariffs and slower investment and government spending growth. The risk environment continues to evolve with shifts in key federal policy, according to Fitch Ratings in the 1Q25 U.S. Credit Brief. Ratings with Negative ...
- — Lacklustre UK growth a fresh headache for the Treasury
- The UK economy grew by 0.1% in the final quarter of 2024, though only because of a surge in inventories. These are a notoriously volatile accounting fixture which, unlike other parts of the GDP breakdown, dont tell us much about the underlying health of the economy. The areas that do – household consumption, exports, and ...
- — NY Fed finds rising consumer debt amid some fraying for car loans
- Overall debt levels held by Americans rose modestly in the final quarter of last year on a healthy consumer sector, even as borrowing for automobiles faced some signs of stress, the Federal Reserve Bank of New York said on Thursday. “Consumers are in pretty good shape in terms of the household debt landscape, largely driven ...
- — US producer prices rise a touch above expectations; weekly jobless claims fall
- U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening financial market views that the Federal Reserve would not be cutting interest rates before the second half of the year. The broad rise in producer inflation reported by the Labor Department on Thursday followed on the heels of ...
- — Hotter January inflation jolts markets, dimming rate cut hopes
- Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even raising the threat of a hike. U.S. consumer prices increased more than expected in January, reinforcing expectations the central bank will be in no rush to resume cutting ...
- — Eurozone industrial production contracted more than expected in December
- The December decline exceeded expectations, yet aligns seamlessly with the recessionary trend that the industry has experienced for nearly two years. The correction in December was driven by declines in intermediate and capital goods production, while consumer goods and energy production increased. By country, strong declines in Germany and Italy drove the overall drop. Even ...
- — US weekly jobless claims decline amid stable labor market
- The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market remained stable early in February. Initial claims for state unemployment benefits fell 7,000 to a seasonally adjusted 213,000 for the week ended February 8, the Labor Department said on Thursday. Economists polled by Reuters had forecast 215,000 claims ...
- — Fed seen likely on policy hold until Sept, but traders add to bets on July cut
- Traders on Thursday placed rising but still shy of even odds the Federal Reserve will cut its policy rate in July instead of waiting until September, after data showed wholesale prices rose faster than projected in January and jobless claims declined. Before the reports traders of futures contracts that settle to the federal funds rate ...
- — Here’s why the ECB shouldn’t follow a hawkish Fed
- Having moved in sync with one other mostly for some time interest rates in the United States and the euro zone look like they might diverge. Markets are pricing in just one 25-bps rate cut in the U.S. this year and three or four in the euro zone. Yet the European Central Bank ...
- — China’s central bank pledges to adjust policy to support growth
- Chinas central bank said on Thursday it would adjust its monetary policy at the appropriate time to support the economy, amid rising external headwinds. Currently, the adverse effects caused by changes in the external environment have deepened, and challenges such as insufficient domestic demand and numerous potential risks still exist, the Peoples Bank of China ...
- — Fed’s Powell sees a ways to go on shrinking Fed holdings
- Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated theres no imminent end to the central banks balance sheet wind down process, as some banks have moved to push back their own end date for a process commonly referred to as quantitative tightening. “I think we have a ways ...
- — US inflation surge dampens Fed rate cut odds
- US inflation comes in far too hot US headline inflation came in a lot hotter than expected in January, rising 0.5% month-on-month versus the 0.3% consensus. Energy prices increased 1.1% MoM so stripping out that and the 0.3% MoM increase in food prices we get a core CPI reading of 0.4%, above the 0.3% market ...
- — Trump may dust off 1930 trade discrimination law to back reciprocal US tariffs
- President Donald Trump is likely to dust off a 1930 trade law largely forgotten for decades to back his new reciprocal U.S. tariffs that will match other countries higher import taxes, trade and legal experts say. Trump has said the new U.S. tariff rates would take effect almost immediately, and Section 338 of the Trade ...
As of 2/14/25 4:00am. Last new 2/13/25 5:26am.
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