Currencies

Fed policymakers project two quarter-point rate cuts next year

U.S. central bankers on Wednesday issued fresh projections calling for two quarter-point interest-rate cuts next year amid rising inflation, a forecast consistent with a wait-and-see approach come...

US single-family housing starts rebound in November

U.S. single-family homebuilding rebounded in November as the drag from hurricanes faded, but the threat of tariffs on imported goods and potential labor shortages from mass deportations could hamper...

Powell has a long to-do list for his last full year as Fed chief

The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell's last full one at the helm of the U.S. central bank, with his four-year...

Dollar steady against peers as Fed rate cut looms 

The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other...

US retail sales beat expectations in November

U.S. retail sales increased in more than expected in November amid an acceleration in motor vehicle purchases, consistent with strong underlying momentum in the economy as the year winds down. ...

Canada's inflation rate ticks down to 1.9% in November

Canada's annual inflation rate unexpectedly slowed by a tick to 1.9% in November, driven by a broad-based slowdown in prices, and the consumer price index was unchanged on a monthly basis, data showed...

Over 90% of market players expect BOJ to keep rates steady this week, survey shows

Over 90% of market participants expect the Bank of Japan to keep interest rates steady at this week's policy meeting, a survey by money market brokerage Ueda Yagi Tanshi showed on Tuesday. ...

Morning bid: Investors look past politics to central bank moves

A look at the day ahead in European and global markets from Ankur Banerjee Political upheaval is jolting governments from South Korea to Germany to Canada, but for now investors are...

Exclusive-China plans record budget deficit of 4% of GDP in 2025, say sources

Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product next year, its highest on record, while maintaining an economic growth target of around 5%, two sources...

Political jitters ripple ahead of cenbank fest

A look at the day ahead in Asian markets.  Asian market sentiment is likely to remain subdued on Tuesday following the release of mixed Chinese economic data the day before, as...

Bank Indonesia to hold rates this month as FX stability outweighs domestic concerns

Bank Indonesia will hold its key interest rate steady on Wednesday to support the rupiah, according to a narrow majority of economists in a Reuters poll, who decisively expected a rate cut on Dec. 18...

Iran currency slips to new lows amid U.S., Europe tensions

The Iranian currency extended its fall on Saturday, hitting a new all-time low against the U.S. dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the...

Exclusive-Yellen won't rule out sanctions on Chinese banks, curbs on 'dark fleet' oil tankers

U.S. Treasury Secretary Janet Yellen told Reuters on Friday that the U.S. is looking at further sanctions on dark fleet tankers and will not rule out sanctions on Chinese banks as it seeks to reduce...

US import prices barely rise in November

U.S. import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures...

BOJ to skip rate hike in December, majority of economists say

The Bank of Japan will hold interest rates at 0.25% at its December policy meeting as it assesses overseas risks and next year's wage outlook, a majority of economists said in a Reuters poll, in a...

BOJ's rate hike plans clouded by small firms' wage woes

Japan's small firms are spending far more of their profits on wages than their bigger counterparts and could struggle to keep hiking pay, casting doubt on whether wage gains could broaden enough for...

Trump trade adviser warns against currency manipulation as China mulls weaker yuan

A top trade adviser to President-elect Donald Trump told Reuters on Thursday that the new administration would not look fondly on any attempt by China to manipulate its currency, responding to a...

US producer price increase exceeds expectations in November

U.S. producer prices rose more than expected in November amid a surge in the cost of food, but a moderation in the prices of services offered hope that the disinflationary trend remains in place. ...

US consumer prices post largest gain in seven months in November

U.S. consumer prices increased by the most in seven months in November, but that is unlikely to discourage the Federal Reserve from cutting interest rates for a third time next week against the...