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Fed's Jefferson says he is taking his policy cues from inflation

Fed's Jefferson says he is taking his policy cues from inflation

Nov 13 (Reuters) - Federal Reserve Vice Chair Philip Jefferson said on Friday that, with the economy growing and the labor market stabilized, he is taking his policy cues from inflation, a remark that suggests he may support further interest-rate hikes to bring it under control.
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US producer prices rise further in October

US producer prices rise further in October

WASHINGTON, Nov 13 (Reuters) - US producer prices increased further in October, leading to the largest annual gain in four years and supporting expectations that the Federal Reserve could continue raising interest rates after next month's widely expected hike.
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U.S. Job Market Shows Rising Wages Amidst Inflationary Pressures

U.S. Job Market Shows Rising Wages Amidst Inflationary Pressures

The U.S. job market is exhibiting signs that could contribute to increased inflationary pressures, according to recent observations. In October, payrolls expanded by 165,000, while the unemployment rate remained stable at 4.1%. Average hourly earnings saw a 0.4% increase month-over-month and a 3.1% rise year-over-year, indicating a firm labor market. This wage growth coincides with a 0.4% increase in the Consumer Price Index (CPI) for October. This suggests that wage growth is no longer diminishing workers' purchasing power, a shift from previous periods where real earnings had declined. Market indicators are now reflecting a potential uptick in inflation, which could influence future policy decisions by the Federal Reserve. The Bureau of Labor Statistics (BLS) is expected to release further data that will provide additional insights into these inflationary trends.
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Logan says Treasury market functioning 'very well,' Fed needs to strengthen support tools

Logan says Treasury market functioning 'very well,' Fed needs to strengthen support tools

Nov 13 (Reuters) - While the US Treasury market is functioning "very well" despite bouts of interest-rate volatility and banks have improved their access to contingent funding in the last three years, the Federal Reserve should take steps to strengthen its support tools in both arenas, Dallas Fed
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U.S. Treasury Yields Surge Amid Persistent Inflation Concerns and Hawkish Fed Commentary

U.S. Treasury Yields Surge Amid Persistent Inflation Concerns and Hawkish Fed Commentary

U.S. Treasury Yields Surge Amid Persistent Inflation Concerns and Hawkish Fed Commentary
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Fed likely to need to raise rates amid worsening inflation: Daly

Fed likely to need to raise rates amid worsening inflation: Daly

By Ann Saphir Nov 13 (Reuters) - San Francisco Federal Reserve President Mary Daly said on Friday that her "bias" is that the central bank will need to increase its policy rate, particularly with services inflation moving in the wrong direction and some signs of inflation persistence.
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Fed's Warsh to take stock of AI revolution as US public grows wary

Fed's Warsh to take stock of AI revolution as US public grows wary

By Ann Saphir and Howard Schneider SAN FRANCISCO, Nov 13 (Reuters) - Federal Reserve officials expect artificial intelligence will reshape the US economy, an idea that proponents of the technology in Silicon Valley have plastered on billboards and TV and pushed in public debate as they channel
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Fed's Collins says more rate hikes are coming, Bloomberg Television reports

Fed's Collins says more rate hikes are coming, Bloomberg Television reports

By Michael S. Derby NEW YORK, Nov 13 (Reuters) - Boston Federal Reserve President Susan Collins said on Friday that tighter monetary policy is coming because of high inflation, in comments that suggested the US central bank may have to raise interest rates more than she initially expected.
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October Inflation Report Solidifies Expectations for December Federal Reserve Rate Hike

October Inflation Report Solidifies Expectations for December Federal Reserve Rate Hike

October Inflation Report Solidifies Expectations for December Federal Reserve Rate Hike
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Fed's Hammack signals support for gradual rate-hike path

Fed's Hammack signals support for gradual rate-hike path

By Michael S. Derby NEW YORK, Nov 12 (Reuters) - Cleveland Federal Reserve President Beth Hammack said on Thursday she does not believe that the US central bank needs to shift to more aggressive interest rate rises to combat still-high and broadening inflation.
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Trading Day: AI cheer banishes rate hike fear

Trading Day: AI cheer banishes rate hike fear

By Jamie McGeever ORLANDO, Florida, Nov 11 (Reuters) - US stocks leaped and Europe notched a record-high close on Wednesday, spurred by an encouraging outlook on the AI trade from neocloud firm CoreWeave.
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Fed's Collins says gradual rate hikes best to manage economic risks

Fed's Collins says gradual rate hikes best to manage economic risks

By Michael S. Derby BOSTON, Nov 14 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Saturday she supported a steady pace of modest interest rate increases because that path of action better managed economic uncertainties.