Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday he would accept the job as head of the U.S. central bank if asked by President Donald Trump, but so far Trump has not contacted him about it. "In 2019 the president contacted me and said, 'Would you serve?' And I said yes," Waller told Bloomberg Television, referring to Trump's appointment of him to the Fed's Board of Governors. "If the president contacted me and said, 'I want you to serve,' I would do it. But he has not contacted me." Trump has launched a barrage of nearly daily criticism...
The number of Americans filing claims for unemployment benefits fell to 213,000 in the week ending Nov. 24, 2024. The figure was lower than the 215,000 estimate and lower than the previous weekly reading of 215,000, the Labor Department said Thursday. Source: @Newsmaker23
The Conference Board (CB) released its Consumer Confidence figures, a key indicator of the level of consumer confidence in economic activity. The actual reading came in at 111.7, just shy of the forecasted 111.8, marking a significant increase from the previous figure of 2.1. The Consumer Confidence index is a leading indicator, with the potential to predict consumer spending, a major player in overall economic activity. Higher readings indicate higher consumer optimism, making this recent figure a positive sign for the US economy. While the actual figure of 111.7 narrowly missed the...
The number of Americans filing claims for unemployment benefits fell to 213,000 in the week ending Nov. 17, 2024. The figure was lower than the 220,000 estimate and lower than the previous weekly reading of 217,000, the Labor Department said Thursday. Source: @Newsmaker23
US retail sales advanced in October, boosted by autos that masked more mixed performance elsewhere heading into the holiday season. The value of retail purchases, unadjusted for inflation, increased 0.4% after an upwardly revised 0.8% gain in September, Commerce Department data showed Friday. Excluding autos, sales edged up 0.1%. Source : Bloomberg
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 rising a revised 0.1% in September, Bureau of Labor Statistics data showed Thursday. Compared with a year ago, the PPI rose 2.4%. The wholesale inflation data follow the more closely watched consumer price index, which showed on Wednesday that underlying inflation remained stubborn for a third month. While...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
It...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that...