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Federal Reserve’s Kashkari: 'Reasonable' to Weigh Rate Cut Next Month
1732578483 from BLOOMBERG
Federal Reserve Bank of Minneapolis President Neel Kashkari says it's still "a reasonable debate" to consider another interest-rate cut at the central bank’s December meeting. He speaks with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)
US Treasury Pick Bessent ‘Is a Fiscal Hawk’: Wall Street Reacts
1732324526 from BLOOMBERG
Hedge fund chief Scott Bessent’s Friday nomination to become the US Treasury Secretary is offering bond investors a glimpse into the incoming administration’s sweeping economic agenda after an extended search that included multiple prominent contenders.
Putin’s pipeline: How the Kremlin outmaneuvered Western oil companies to wrest control of vast flows of Kazakhstan’s crude
1732323569 from C ASIA
… Soviet Union, Kazakhstan is the largest country in Central Asia, and … disparities between foreign and Kazakh oil workers have fostered … can’t go into Central Asia without effectively paying bribes … think, but also what Central Asia thinks.” U.S. officials …
Chair Powell Likely To See Out His Term: Reiman, Rodriguez
1732305280 from BLOOMBERG
Nuveen Asset Management Head of Fixed Income Strategy Tony Rodriguez and UBS Global Wealth Management Head of Fixed Income Kurt Reiman both think the Trump administration will keep Fed Chair Powell through the end of his term in 2026. (Source: Bloomberg)
Economy's Strength Prompts Fed to Rethink Rate Cut Plans
1732290450 from GOLDSILVER
Recent economic data and proposed policies from the incoming Trump administration have prompted the Federal Reserve to adopt a more conservative stance on interest rate cuts. This change in outlook could lead to fewer reductions in 2025 than previously anticipated, potentially affecting mortgage rates, auto loans, and small business financing. The Fed now emphasizes a measured approach to rate decisions, citing the economy's current resilience.
Dollar Cleanest Way to Play Trump Tariff, Tax Story: Mizuho’s Konstam
1732276356 from BLOOMBERG
Dominic Konstam, head of macro strategy at Mizuho, says the impact of President-elect Donald Trump’s tariff policy on the US dollar “could be substantial.” He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Fed's Goolsbee: It may make sense to slow pace of Fed rate cuts
1732210740 from FXSTREET
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Thursday, commenting on the future pace of Fed rate cuts in the face of inflation that is ostensibly on its way to the Fed's 2% target.
Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
1732209900 from BLOOMBERG
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
US Dollar steady after Jobless Claims opens door for Fed easing in December
1732202745 from FXSTREET
The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.
Fed’s Williams sees inflation cooling and interest rates falling further
1732170360 from FXSTREET
In a Barron’s interview published on Thursday, New York Federal Reserve Bank (Fed) President John Williams said that he “sees inflation cooling and interest rates falling further.” He further noted that “2% is the rate that can best balance the central bank’s employment and price stability goals.” .
Fed’s Collins Says More Rate Cuts Are Needed
1732141387 from BLOOMBERG
Federal Reserve Bank of Boston President Susan Collins says more interest-rate cuts are needed, but policymakers should proceed carefully. She speaks at the University of Michigan’s Gerald R. Ford School of Public Policy in Ann Arbor.
US Dollar touch higher on Wednesday with markets on edge over Nvidia
1732112257 from FXSTREET
The US Dollar (USD) has a very calm Wednesday and recovers further into the US trading session, with the DXY Index trading around 106.5, as market sentiment turns risk-on ahead of the Nvidia earnings release after the US closing bell. Overnight
Economists Predict Fed Rate Cut, but Inflation Risks May Slow 2025 Reductions
1732112179 from GOLDSILVER
Economists predict a Federal Reserve rate cut in December, followed by a slower pace of reductions in 2025 than previously expected1. This shift is attributed to potential inflationary pressures from President-elect Trump's proposed policies, including tariffs and tax cuts. Despite strong economic indicators and stubborn inflation, most economists still anticipate a 25 basis point cut next month, though market expectations have become less certain.
Fed policymakers set to comment on policy outlook after Chairman Powell sets the tone
1732103705 from FXSTREET
Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.
EUR/CAD remains vulnerable near 1.4750 despite higher Eurozone Q3 Negotiated Wages Rate
1732099464 from FXSTREET
The EUR/CAD pair stays under pressure near the intraday low of 1.4750 in the European trading session on Wednesday even though Eurozone Negotiated Wages Rate data accelerated in the third quarter of the year.
US Not Screaming for Stimulus says Citi Chief Economist
1732096660 from BLOOMBERG
The US economy "categorically" does not require rate cuts, says Citi Chief Global Economist Nathan Sheets. "It is not screaming stimulate me right now", he argues. Sheets expressed concern about President-elect Donald Trump's tariff proposals, warning "there are scenarios where you have significant upside pressure on prices." "The jury is still out," on the exact nature of the future administration's economic agenda, he says. (Source: Bloomberg)
USD/CAD Price Forecast: Traders seem non-committed, look to Fed speaks for fresh impetus
1732090553 from FXSTREET
The USD/CAD pair struggles to gain any meaningful traction and trades just above mid-1.3900s, or a one-week low during the early European session on Wednesday amid mixed fundamental cues.
Canada imports US electricity as droughts curb hydropower
1732082291 from ENERGY
… electricity supply because of drought, complicating Canada’s energy … , according to US Energy Information Administration data released … Review of World Energy. The International Energy Agency said severe … rise in global greenhouse gas emissions last year, it …