US retail sales rose more than projected in November as outlays on motor vehicles and at fuel stations turned positive, delayed government data showed Wednesday. Sales grew 0.6% sequentially in November, following a 0.1% decrease the previous month, the Census Bureau said. The report was delayed due to a 43-day federal government shutdown that ended in November.
Bank of Canada resumed routine Canada T-Bill purchases in December to keep pace with currency growth and maturing bonds, aiming to restore a balanced mix to its bond-heavy balance sheet, said Desjardins.
The challenge in containing inflation in the U.S. economy "has not been won yet" ?and requires the Federal Reserve to ?continue to be restrictive ?in its monetary policy ?stance, Atlanta ?Federal Reserve President Raphael Bostic said ?on Wednesday.
Panelists diverged sharply on the outlook for 2026 at the Executives' Club of Chicago's Annual Economic Outlook panel, held at a hotel in Chicago's Loop.
Federal Reserve Bank of Atlanta President Raphael ?Bostic on ?Wednesday said the ?video statement issued ?on ?Sunday by Fed ?Chair Jerome ?Powell in response to receiving ?criminal ?subpoenas ?from the Trump administration "said all it ?needed to say."
Angola's central bank Wednesday said its Monetary Policy Committee decided to cut the policy rate by 100bps to 17.50%. MT Newswires does not provide investment advice.
Government of Canada bonds cheapened on a cross-market basis after the Bank of Canada suggested that the easing cycle is now in the rearview mirror, said National Bank of Canada. The have gained back some ground recently, however, as incoming data in the United States and Canada has spilled over to performance across the curve, noted the bank.
Federal Reserve Governor Stephen Miran said on Wednesday comments from foreign central banks in defense of U.S. central bank chief Jerome Powell were inappropriate, a remark that stood in contrast to an outpouring of public support for Powell, including from other Fed policymakers, after a sharp escalation of Trump administration pressure.
The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe into Federal Reserve Chair Jerome Powell, threaten to make that ?task harder, Chicago Fed President Austan Goolsbee said on Wednesday.
The independence of the U.S. central bank is critical to containing inflation, and attacks against it, such as the Trump administration's criminal probe into Federal Reserve Chair Jerome Powell, threaten to make that ?task harder, Chicago Fed President Austan Goolsbee said on Wednesday.
U.S. Federal Reserve Governor Stephen Miran told a European audience on Wednesday that comments from foreign central ?banks in defense of Fed Chair Jerome ?Powell were inappropriate, and dismissed concerns ?about the resilience of U.S. ?institutions as "people ?writing things for clicks."
* Retail sales increase 0.6% in November. * Core retail sales advance 0.4% * Producer prices rise 0.2% in November after ticking up 0.1% in October. By Lucia Mutikani. U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households boosted spending elsewhere, suggesting the economy maintained its strong pace of growth in the fourth quarter.
* Producer prices rise moderately in November. * November retail sales top expectations. * Geopolitical tensions in Middle East spur investor caution. * Supreme Court ruling on Trump's tariffs awaited. By Chuck Mikolajczak.
U.S. business inventories increased further in October as sales dropped, suggesting inventories could contribute to gross domestic product in the fourth quarter. Inventories rose 0.3%, matching the gain ?in September, the Commerce Department's Census Bureau said on Wednesday. Retail inventories advanced 0.6% in October after increasing 0.5% ?in September.
The Trump administration's deregulation effort will put downward pressure on inflation and is another reason for the U.S. central bank to cut interest rates, Federal Reserve Governor Stephen Miran said on Wednesday.
The Trump administration's deregulation effort will put downward pressure on inflation and is another reason for the U.S. central bank to cut interest rates, Federal Reserve Governor Stephen Miran said on Wednesday.
The Council of Federal Home Loan Banks today highlighted?new independent research by the Urban Institute, a nationally respected, nonpartisan think tank based in Washington, D.C., demonstrating the strong connection between increases in Federal Home Loan Bank advances and growth in housing and community lending.
U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices. Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million ?units, the National Association of Realtors said on Wednesday.
U.S. existing home sales accelerated in December, boosted by lower mortgage rates and slow growth in house prices. Home sales jumped 5.1% last month to a seasonally-adjusted annual rate of 4.35 million ?units, the National Association of Realtors said on Wednesday.
Existing-home sales increased by 5.1% in December, according to the National Association of REALTORS? Existing-Home Sales report. Month-over-month sales increased in all regions. ?2025 was another tough year for homebuyers, marked by record-high home prices and historically low home sales,? said NAR Chief Economist Lawrence Yun. ?Inventory levels remain tight,? Yun added.
The pace of US existing home sales rose by 5.1% to a 4.35 million seasonally adjusted annual rate in December from 4.14 million in November, compared with an expected increase to a 4.22 million rate in a survey compiled by Bloomberg, data from the National Association of Realtors released Wednesday showed.
Minneapolis Federal Reserve President Neel Kashkari did not want to cut interest rates last month and sees no need to cut them any time soon given labor ?market resilience and inflation above the Fed's target, the New York Times reported on ?Wednesday.
Federal Reserve Bank of Philadelphia President Anna Paulson reiterated Wednesday her expectation that the central bank could lower short-term interest rates later this year if the economy meets her expectations of moderating inflation and job market stabilization.
Federal Reserve Bank of Philadelphia President Anna Paulson reiterated Wednesday her expectation that the central bank could lower short-term interest rates later this year if the economy meets her expectations of moderating inflation and job market stabilization.
National Bank of Canada (NTIOF) said Wednesday that it has opened an office in the Dubai International Financial Centre, United Arab Emirates, to "serve as a platform to support Canadian clients pursuing business opportunities in the Middle East". Ali Fares, managing director and head, Middle East and North Africa capital markets, has relocated to Dubai to lead the Bank's regional presence there.
Angola's central bank cut its main ?interest rate for the third policy meeting in a row on ?Wednesday, saying it expected an inflation slowdown to ?continue this year. The Bank of Angola ?cut its ?policy rate by 100 basis points to 17.50%, following 50 basis-point ?rate cuts at its last ?two meetings.
U.S. producer prices picked up slightly in November amid a surge in the cost of gasoline, but businesses appeared to be absorbing some of the tariffs on imports, with trade margins compressing. The Producer Price Index for final demand rose 0.2% in November ?after edging up 0.1% in October, the Labor Department's Bureau of Labor Statistics said on Wednesday.
By Jamie McGeever. While the U.S. CPI inflation report on Tuesday showed a slightly softer-than-expected annual increase in core prices, there's little reason for consumers or policymakers to cheer. For consumers, the sharp spike in food prices is a reminder - as if one were needed - of the ongoing affordability crisis.
Fortinet?, the global cybersecurity leader driving the convergence of networking and security, today announced its return to the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland, from January 19?23, 2026.
The US Q3 current account deficit narrowed to $226.40 billion from a revised $249.22 billion in the previous quarter, compared with expectations of a $238.0 billion deficit from a survey compiled by Bloomberg. The narrower current account deficit reflected a smaller goods and services gap, a return to a surplus for primary income and smaller secondary income gap.
The US Producer Price Index rose by 0.2% in November following a 0.1% increase in October, as expected in a survey compiled by Bloomberg. Energy prices rose by 4.6% in the month, while food prices were flat. After excluding food and energy prices, core PPI were flat, below the 0.2% gain expected and following a 0.3% gain in the previous month.
U.S. retail sales increased more than expected in November as motor vehicle purchases rebounded and households boosted spending elsewhere, suggesting the economy maintained its strong pace of growth in the fourth quarter.
US retail sales rose by 0.6% in November, a faster gain than the 0.5% increase expected in a survey compiled by Bloomberg and following the previous month's 0.1% decline. Excluding a 1% increase in motor vehicle sales, retail sales were still up 0.5% compared with an expected 0.4% gain.
Minneapolis Federal Reserve President Neel Kashkari did not want to cut interest rates last month and sees no need to cut them any time soon given labor market resilience and inflation above the ?Fed's target, the New York Times reported on Wednesday.
Minneapolis Federal Reserve President Neel Kashkari ?said the ?Trump administration's ?actions against the ?central ?bank in ?the past ?year were "really about ?monetary policy," ?as ?he came to the defense ?of Fed chair Jerome Powell. Kashkari made ?the ?comments in an interview ?with the New York Times published on Wednesday.
Mount Logan Capital Inc. (MLCI) today announced the commencement of a registered underwritten public offering of senior unsecured notes. The Notes are expected to be listed on the Nasdaq Global Market under the trading symbol ?MLCIL? and to trade thereon within 30 days from the original issue date.
The US dollar fell against its major trading partners early Wednesday ahead of a busy economic data release schedule that starts with the producer price index and retail sales data for November and current account data for Q3, all at 8:30 am ET. Existing home sales data for December and business inventory data for October are both due to be released at 10:00 am ET.
Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.
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