Economic News
US CPI in line with forecasts in December
US consumer prices rose in December, driven by gains in prices for energy, second-hand autombiles and medical care commodities.
Fed funds rate headed towards 3% over medium-term, Yellen says
Policy interest rates in the US might rise towards 3% by the end of 2019, the head of the US central bank told an audience.
Mexican peso, Canadian Loonie hit by report US to re-open NAFTA deal
Mexico´s peso hit a fresh record low on Wednesday evening after The Globe and Mail reported that incoming US trade chief Wilbur Ross had notified the Canadian government of the new American administration´s intention of renegotiating two key pieces of the 1994 North American Free Trade Agreement.
How to trade in the financial markets, FXTM´s Thalassinos explains
- Written by Andreas Thalassinos, head of education at FXTM .
US industrial production jumps in December
US industrial production jumped at the tail-end of 2016 as utilities output soared, albeit amid downwards revisions for data from prior months.
Brent crude futures fall as IEA chief forecasts higher supplies
Then current oil prices would definitely trigger a "strong" supply response from US alternative oil producers, the chief of the rich-world´s energy watchdog said.
IMF chief Lagarde warns global middle class could soon be in 'crisis'
Christine Lagarde, the head of the International Monetary Fund, has said that the middle classes of the global economy are close to crisis.
US drug prices should increase: Pfizer CEO Read
The CEO of Pfizer, one of the largest pharmaceutical firms in the United States, has said that the best way to make drug prices in the country more competitive is by initially increasing them.
HSBC confirms plans for partial exit from London due to Brexit
HSBC will need to move roughly 1,000 London jobs to its Paris office due to Brexit, the bank's chief executive Stuart Gulliver confirmed on Wednesday.
Eurozone inflation rises as expected in December
Inflation in the 19 countries that share the euro rose as expected in December, according to final data released by Eurostat on Wednesday.
UK unemployment inches lower, wage growth accelerates
UK wage growth climbed as the unemployment rate was supported by a rise in inactivity, according to official data released on Wednesday, and the more timely claimant count measure dropped unexpectedly.
Obama commutes Manning sentence in one of final actions as president
Barack Obama is set to free Wikileaks whistleblower Chelsea Manning in one if his last acts as US President.