USD/CAD touches the lowest since December 17 after tariff reprieve – ForexLive
The Canadian dollar has moved significantly today, trading in a 220 pips range. The pair rose to a year-to-date high of 1.4485 on concerns that President Trump could impose first-day tariffs of up to 25% on Canada, sparking retaliation and a trade war. But the WSJ report emphasized that President Trump only plans to sign […]
FBI closed DEI office in December, agency says
Exclusive: The FBI has shut down its DEI office, Fox News has confirmed. “In recent weeks, the FBI has taken steps to close the Office of Diversity and Inclusion (ODI) by December 2024,” the agency told FOX News Digital on Thursday. The agency has not given a reason for the closure, but many Republican lawmakers […]
FBI Confirms It Shut Down DEI Office In December
The FBI shut down its Office of Diversity and Inclusion (ODI) in December, the agency confirmed to the Daily Caller on Thursday. “In recent weeks, the FBI has taken steps to close the Office of Diversity and Inclusion (ODI) by December 2024,” the FBI's press office said in a statement to callers. Callers also asked […]
Biden’s Parting Gift: Inflation Accelerated In December
U.S. consumer prices rose at a faster pace in December, capping the final year of the inflation-plagued Biden administration and suggesting the Federal Reserve's efforts to rein in inflation may be running out of steam. The consumer price index rose 0.4% from November, bringing the annual inflation rate to 2.9%, according to the Labor Department. […]
Energy and food prices drove inflation in December
RBC Chief Economist Frances Donald explains how inflation affects the average household in Making Money. Inflation rose in December to its highest level since July, with much of the rise due to higher energy and food prices. The Department of Labor released December's Consumer Price Index (CPI), a broad measure of the prices of daily […]
December Inflation clouds Fed’s outlook on interest rate cuts
Gasoline prices were the main contributor to the rise in inflation in December. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.9% in December, slightly higher than the previous month's annual inflation rate of 2.7%. Published by the Bureau of Labor Statistics (BLS). The inflation rate in December rose […]
Inflation rises 2.9% in December, in line with expectations
Kudlow panelists John Carney and Brian Bremberg discuss job growth and the Fed's actions. Inflation rose again in December as persistently high prices continued to weigh on consumers' finances ahead of the Federal Reserve's next interest rate decision. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the prices […]
US Dollar Index retreats to 109.00 ahead of December CPI inflation – FXStreet
The US dollar's weekly losses increased for the third consecutive day. Traders are nervous about the upcoming US CPI release. The US dollar index (DXY) is testing 109.00 and could fall further on the possibility of a disinflationary CPI release. The US Dollar Index (DXY), which tracks the value of the US dollar against six […]
UK inflation forecast to come in above Bank of England’s target again in December – business live | Business
main events Show only major events Please turn on JavaScript to use this feature Thames Water plans executive pay hikes to avoid bonus cap – FT Thames Water is reportedly threatening to increase the basic pay of its executives if the UK government goes ahead with plans to cap bonuses. Britain's biggest water company intends […]
US producer prices rise moderately in December
“Kudlow” panelists E. J. Antoni and Jim McLaughlin unpack Trump's efforts to prioritize tax cuts. Although U.S. producer prices rose modestly in December, the recovery in the labor market is unlikely to change the Fed's view that it will not cut interest rates again in the second half of this year. The final demand producer […]