November 26, 2024   United States: It’s Reasonable to Consider Rate Cut Next Month, Fed’s Kashkari Says   Federal Reserve Bank of Minneapolis President Neel Kashkari said it is still appropriate to consider another interest-rate cut at the central bank’s December meeting.   “It’s still a reasonable consideration,” Kashkari said Monday on Bloomberg Television in response to a

November 25, 2024   United States: Dollar, US Yields Fall on Bets Bessent Will Dilute Trump Plans The dollar fell and US government bonds rallied after Donald Trump picked Scott Bessent to run the Treasury, a Wall Street veteran who investors expect will take the sting out of the administration’s more aggressive trade and economic policy proposals.   A

November 22, 2024   United States: Dollar Set for Longest Run of Gains in a Year Amid Haven Demand   The dollar is set for its longest run of weekly gains in more than a year, as escalating geopolitical tensions boost demand for the haven currency.   The Bloomberg Dollar Spot Index climbed as much

November 21, 2024   US Initial Jobless Claims Decline to Lowest Level Since April   Applications for US unemployment benefits unexpectedly fell last week to the lowest level since April, illustrating a solid job market.   Initial claims decreased by 6,000 to 213,000 in the week ended Nov. 16. The median forecast in a Bloomberg survey

November 20, 2024   United States: Some key market metrics are starting to suggest the Trump-inspired rally in the dollar may have plateaued, as bullishness fueled by the US election wanes. Bloomberg’s gauge of the currency fell for a third day on Tuesday after rising to a two-year high last week.   https://www.bloomberg.com/news/articles/2024-11-19/dollar-rally-hits-choppy-waters-as-two-way-trading-returns?srnd=phx-markets     Europe: Euro-Zone

November 19, 2024 United States: US Housing Starts Slide 3.1% as Hurricanes Impact South Region US housing starts declined in October to the slowest pace in three months as hurricanes exacerbated an easing in construction activity more generally.   Housing starts decreased 3.1% last month to a 1.31 million annualized rate, reflecting a steep decline in

November 18, 2024 United States: Treasuries See 2024 Gains Dwindle with December Fed Cut at Risk   A two-month slump has all but wiped out the US Treasury market’s gains for the year, as traders brace for Donald Trump’s return and the chance of slower interest-rate cuts from the Federal Reserve.   A Bloomberg index of Treasury

November 15, 2024 United States: Fed’s Powell Says No Need to Hurry Rate Cuts With Economy Strong   Federal Reserve Chair Jerome Powell said the recent performance of the US economy has been “remarkably good,” giving central bankers room to lower interest rates at a careful pace.   “The economy is not sending any signals that we

November 14, 2024 United States: US Producer Prices Rise, Risking Pressure in Fed’s Favored Gauge US producer prices picked up in October, fueled in part by gains in portfolio management and other categories that feed into the Federal Reserve’s preferred inflation gauge.   The producer price index for final demand increased 0.2% from a month earlier after

November 13, 2024 United States:   US Core CPI Remains Firm for Third Straight Month With 0.3% Gain A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to achieve their target.   The so-called core consumer price index — which excludes food and energy costs — increased 0.3%