By Michael S. Derby BOSTON (Reuters) -Federal Reserve Bank of Boston leader Susan Collins said on Friday that with little evidence price pressures are waning, the Fed may need to deliver another 75-basis point rate hike as it seeks to get inflation under control. “We’re now in a phase where deliberate increments – all of …
Fed’s Collins: Another 75-bps hike could be ahead Read More »
NEW YORK (Reuters) – The U.S. dollar’s net positioning turned net short in the latest week for the first time since mid-July 2021, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data released on Friday. The value of the net short dollar position amounted to $10.5 million in the week ended Nov. …
(Reuters) – The White House has called on Elon Musk’s Twitter to explain how it is protecting “the safety of Americans’ online data”, tweeted a CNN reporter on Friday. Twitter and the White House did not immediately respond to Reuters requests for comment. (Reporting by Tiyashi Datta in Bengaluru; Editing by Shailesh Kuber)
BRASILIA (Reuters) -Brazilian Economy Minister Paulo Guedes said on Friday the alleged conflict between social needs and fiscal sustainability posed by the new government-elect reveals ignorance and technical inability. Speaking at an event hosted by the ministry, Guedes said any retreat in any economic dimension in relation to what the current administration is doing would …
Fiscal conflict posed by Brazil’s government-elect shows ignorance, says Guedes Read More »
By Michael S. Derby (Reuters) – The way the banking system manages its cash suggests the financial system may not be as flush as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Federal Reserve Bank of New York said …
NY Fed: Bank liquidity may be tighter than thought, with policy implications Read More »
A look at the day ahead in markets from Anshuman Daga While Fed speakers talk tough on interest rates and keep market expectations in check, Britain’s bleak outlook will also weigh on UK assets. St. Louis Fed President James Bullard said that even under a “generous” analysis of monetary policy, the Fed needs to keep …
By David Shepardson WASHINGTON (Reuters) – The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the U.S. energy secretary agreed at the COP27 climate summit in Egypt on Thursday. The non-binding memorandum of understanding (MOU) sets a target for 30% of those …
U.S. aims for zero-emissions heavy-duty vehicles by 2040 Read More »
By Lewis Krauskopf, Ankika Biswas and Amruta Khandekar (Reuters) – Wall Street’s main indexes ended modestly lower on Thursday in a choppy session as hawkish comments from a U.S. Federal Reserve official and data showing the labor market remained tight led some investors to worry about more aggressive interest rate hikes. St. Louis Fed President …
Wall Street drops as hawkish Fed official comments weigh Read More »
(Reuters) – Payments giant Visa Inc on Thursday named Ryan McInerney as its new chief executive officer, effective Feb. 1. (Reporting by Manya Saini in Bengaluru; Editing by Maju Samuel)
By Isabel Woodford (Reuters) – Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX – once an industry darling – raised fresh concern about unregulated digital currencies. Roberto Dagnoni, a top executive at SoftBank-backed exchange Mercado Bitcoin, said the …
Brazil crypto law back on agenda as FTX collapse sends shockwaves Read More »
