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In Full: Federal Reserve's Kashkari on Rates, Trump Tariffs, Bitcoin
1732594237 from BLOOMBERG
Federal Reserve Bank of Minneapolis President Neel Kashkari discusses the central bank's policy, President-elect Donald Trump's tariffs, China's economic slowdown, and why he still doesn't get bitcoin. He speaks with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)
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)
Japan passes $250B economic package meant to lift wages and spur growth
1732271008 from FPOST
TOKYO (AP) — Japan approved a 39 trillion yen ($250 billion) economic stimulus package Friday centered around initiatives it said were aimed at boosting individual incomes. The broad plan passed by the Cabinet is the centerpiece of Prime Minister Shigeru Ishiba’s recently installed administration. It provides support for digital innovation in the world’s fourth largest […]
EUR/JPY bounces off multi-month low, down a little around 161.70 ahead of Eurozone PMIs
1732250239 from FXSTREET
The EUR/JPY cross attracts some follow-through selling for the second straight day and drops to its lowest level since October 4 during the Asian session on Friday, albeit it managed to rebound a few pips thereafter.
Goolsbee Hints at Cautious Approach to Future Fed Rate Cuts
1732220018 from GOLDSILVER
Chicago Fed President Austan Goolsbee supports further interest rate cuts but suggests a slower pace may be appropriate. The Fed faces a debate on the speed and extent of rate reductions, with some officials concerned about stalled inflation progress and others worried about labor market cooling. Uncertainty surrounding President-elect Trump's policies adds complexity to the decision-making process. The upcoming December Fed meeting will be crucial in determining the next steps for monetary policy.
Pimco Sees Treasuries at ‘Very Attractive’ Levels of Yields
1732217228 from BLOOMBERG
Erin Browne, portfolio manager for multi-asset strategies at Pacific Investment Management Co. (Pimco), says US government bonds are a good investment following the recent surge in yields and the prospect of more Federal Reserve interest-rate cuts. (Source: Bloomberg)
Fed’s Goolsbee: Neutral Rate Long Way Below Where We Are
1732216333 from BLOOMBERG
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” but policymakers will eventually need to figure out where the neutral rate is, noting it’s “a long way below where we are right now.” Goolsbee spoke at a moderated Q&A event in Indianapolis on Thursday.
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.
USD/INR rises as weak local equities drag Indian Rupee to all-time low
1732172280 from FXSTREET
The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower.