off-the-wire

Fed's Daly says this week's rate cut was right move for Fed teaser image

Fed's Daly says this week's rate cut was right move for Fed

Dec 12 (Reuters) - Federal Reserve Bank of San Francisco President Mary Daly said on Friday in a LinkedIn posting that she favored cutting interest rates at this week's monetary policy meeting."This week’s (Federal Open Market Committee) decision was not an easy choice," Daly wrote, opens new tab, with the Fed facing conflicts between its job and inflation goals. Inflation is too high and the job market is getting softer, she said, adding "we cannot let the labor market falter."

Dec 12, 2025 - 6:27 PM

Stocks drop as AI exuberance worries linger; US yields jump teaser image

Stocks drop as AI exuberance worries linger; US yields jump

Dec 12, 2025 - 6:24 PM

Fed's Hammack would prefer tighter policy given too high inflation teaser image

Fed's Hammack would prefer tighter policy given too high inflation

Dec 12, 2025 - 1:54 PM

US dollar edges higher after recent losses; sterling falls after GDP data teaser image

US dollar edges higher after recent losses; sterling falls after GDP data

Dec 12, 2025 - 1:52 PM

Stocks fall as tech fears stay; dollar up, but on track for third weekly drop teaser image

Stocks fall as tech fears stay; dollar up, but on track for third weekly drop

Dec 12, 2025 - 1:49 PM

Wall St slides as inflation worries, AI bubble fears spook investors teaser image

Wall St slides as inflation worries, AI bubble fears spook investors

Dec 12, 2025 - 12:45 PM

S&P 500, Nasdaq slip as Broadcom adds to AI bubble angst

Dec 12 (Reuters) - The S&P 500 and the Nasdaq slipped on Friday as Broadcom's latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve's less-hawkish-than-expected signals on 2026 rate cuts.Broadcom(AVGO.O), slid 8.4% after the chipmaker warned of slimmer future margins on its AI system sales, despite projecting strong quarterly revenue. This sharpened worries about the profitability of surging AI investments.

Dec 12, 2025 - 12:31 PM

Silver falls from record peak as investors book profits

Dec 12 (Reuters) - Silver prices fell more than 3% on Friday after hitting an all-time high earlier in the session, as profit-taking set in, while gold eased from a seven-week peak.Spot silver fell about 3% to $61.7 per ounce by 12:00 p.m. ET (17:00 GMT), after hitting a record high of $64.64 earlier.Spot gold fell 0.1% to $4,280.69 per ounce, after scaling its highest level since October 21 earlier.U.S. gold futures were flat at $4,312.90.

Dec 12, 2025 - 12:30 PM

US inflation may slow, but the affordability debate is likely to keep raging

WASHINGTON, Dec 12 (Reuters) - Even if overall inflation slows next year as the U.S. Federal Reserve anticipates, President Donald Trump will still face political headwinds over the cost of living with home mortgage rates expected to remain comparatively high, tariff-related price increases on goods seen persisting through the first part of the year, and cost pressures building around items like beef and electricity that can have an outsized influence on consumer perceptions.

Dec 12, 2025 - 8:44 AM

TSX futures tick up; index set for weekly gain on Fed cut relief teaser image

TSX futures tick up; index set for weekly gain on Fed cut relief

Dec 12 (Reuters) - Futures for Canada's benchmark stock index edged higher on Friday after the index notched a record closing high in the previous session, in a week filled with highly anticipated central bank meetings.

Dec 12, 2025 - 8:43 AM

Nasdaq, S&P 500 futures slip on Broadcom's AI margin warning teaser image

Nasdaq, S&P 500 futures slip on Broadcom's AI margin warning

Dec 12 (Reuters) - Futures tracking the S&P 500 and the Nasdaq slipped on Friday as Broadcom's latest results reignited fears of an AI-fueled bubble and tempered the optimism sparked by a less hawkish commentary than expected from the Federal Reserve on 2026 rate cuts .Broadcom (AVGO.O), shares fell nearly 6% in premarket trading after the chipmaker warned of lower future margins on its AI system sales, despite forecasting strong quarterly revenue, deepening concerns about the profitability of investments in the technology.

Dec 12, 2025 - 8:34 AM

Gold hits seven-week high on safe-haven demand; silver notches peak teaser image

Gold hits seven-week high on safe-haven demand; silver notches peak

Dec 12 (Reuters) - Gold prices rose 1% to a seven-week high on Friday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high.Spot gold rose 1% to $4,327.31 per ounce by 1248 GMT, its highest level since October 21, and was set for a 3.1% weekly gain.U.S. gold futures gained 1.2% to $4,363.20.The dollar hovered near a two-month low, and was on track for a third straight weekly drop, making bullion more affordable for overseas buyers.

Dec 12, 2025 - 8:32 AM

Fed's Paulson says monetary policy still working to cool inflation teaser image

Fed's Paulson says monetary policy still working to cool inflation

NEW YORK, Dec 12 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said Friday her main concern right now is the state of the job market, in remarks that also said the current state of monetary policy should help bring down inflation to the Fed’s 2% target.“On net, I am still a little more concerned about labor market weakness than about upside risks to inflation,” Paulson said in a speech prepared for a gathering held by the Delaware State Chamber of Commerce in Wilmington.

Dec 12, 2025 - 8:31 AM

Fed's Goolsbee says dissent was in favor of waiting for more data, would have entailed little risk teaser image

Fed's Goolsbee says dissent was in favor of waiting for more data, would have entailed little risk

WASHINGTON, Dec 12 (Reuters) - Chicago Fed President Austan Goolsbee said Friday that he dissented against the central bank's recent quarter-point rate cut because he felt it was better to wait for additional data about inflation and the state of the job market before lowering borrowing costs, particularly given the high concern businesses and consumers still express about rising prices.

Dec 12, 2025 - 8:28 AM

US dollar sags as Fed outlook undermines; Swiss franc gets SNB lift teaser image

US dollar sags as Fed outlook undermines; Swiss franc gets SNB lift

NEW YORK/LONDON, Dec 11 (Reuters) - The U.S. dollar stumbled on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session, after the Federal Reserve delivered a less hawkish outlook than some had expected.The Swiss franc drew support from the Swiss National Bank's decision to hold interest rates steady. The dollar fell 0.6% versus the franc to 0.7947 , after earlier touching its lowest since mid-November.

Dec 11, 2025 - 4:52 PM

Nasdaq slips as Oracle AI shock overshadows Fed relief teaser image

Nasdaq slips as Oracle AI shock overshadows Fed relief

Dec 11 (Reuters) - The tech-heavy Nasdaq Composite Index lost ground on Thursday, as Oracle's financial update sent investors away from many artificial intelligence-related stocks while the Dow hit a record high as investors rotated into value stocks after a Federal Reserve policy update that was less hawkish than expected.

Dec 11, 2025 - 4:01 PM

Gold climbs to over one-month high after Fed rate cut; silver hits record high teaser image

Gold climbs to over one-month high after Fed rate cut; silver hits record high

Dec 11 (Reuters) - Gold rose on Thursday to hit its highest level in more than a month after the U.S. Federal Reserve's quarter-point rate cut pushed the dollar lower, while silver surged to a record high.Spot gold was up 1.2% at $4,280.08 per ounce, as of 01:42 p.m. ET (1842 GMT), reaching its highest level since October 21. U.S. gold futures for February delivery settled 2.1% higher at $4,313 per ounce.Spot silver rose nearly 4% to $64.22 per ounce, hovering near the record high of $64.31 it hit earlier in the session.

Dec 11, 2025 - 2:19 PM

Stocks mixed, with Oracle adding to AI jitters; dollar, US yields decline on Fed views teaser image

Stocks mixed, with Oracle adding to AI jitters; dollar, US yields decline on Fed views

NEW YORK/LONDON, Dec 11 (Reuters) - Major stock indexes were mixed on Thursday, with technology-related shares down after cloud computing giant Oracle (ORCL.N), sounded a warning for artificial intelligence profitability, while the dollar and U.S. bond yields extended declines from the day before, when the Federal Reserve cut interest rates but gave a less hawkish outlook than expected.

Dec 11, 2025 - 1:00 PM

FTSE 100 gains after Fed's softer tone; eyes on GDP data teaser image

FTSE 100 gains after Fed's softer tone; eyes on GDP data

ROME, Dec 11 (Reuters) - Foreign shareholders of Italy's central bank should not be able to claim rights over the country's gold reserves, Prime Minister Giorgia Meloni's nationalist pDec 11 (Reuters) - London's FTSE 100 rose on Thursday, buoyed by gains in precious metal miners, after the Federal Reserve's softer tone on the monetary policy path supported sentiment globally.The FTSE 100 (.FTSE), closed up 0.5%, while the mid-cap FTSE 250 (.FTMC), index added 0.10%.

Dec 11, 2025 - 12:00 PM

Canadian dollar touches nearly three-month high after surprise trade surplus teaser image

Canadian dollar touches nearly three-month high after surprise trade surplus

TORONTO, Dec 11 (Reuters) - The Canadian dollar strengthened to nearly a three-month high against its U.S. counterpart on Thursday as the greenback posted broad-based declines and Canada's international trade data added to evidence the domestic economy has withstood the initial shock of the trade war.The loonie was trading 0.2% higher at 1.3765 per U.S. dollar, or 72.65 U.S. cents, after touching its strongest intraday level since September 17 at 1.3757.

Dec 11, 2025 - 11:55 AM