OFF THE WIRE
Martin Luther King Jr.'s daughter says U.S. voter suppression is alive and well
Reuters - Jan 17, 2020 02:38PMATLANTA (Reuters) - The center that honors slain U.S. civil rights icon Martin Luther King Jr. will devote the holiday celebrating his legacy on Monday to voter education and registration, his youngest daughter said in a recent interview.
U.S. Fed signals lighter touch on bank supervision, foreign bank oversight
Reuters - Jan 17, 2020 02:20PMWASHINGTON (Reuters) - The U.S. Federal Reserve on Friday signaled it would take a lighter touch when supervising banks, in another win for the industry which has long complained that the regulator's closed-door supervisory process is opaque and capricious.
U.S. manufacturing output rises unexpectedly
Reuters - Jan 17, 2020 10:21AMWASHINGTON, (Reuters) - U.S. manufacturing output rose unexpectedly in December as a drop in motor vehicle output was outpaced by increases in production of other durable goods, food and beverages, and other products.
Fed's Harker says economy looks 'pretty good,' inflation on track for 2% target
Reuters - Jan 17, 2020 10:18AMSOMERSET, N.J. (Reuters) - Philadelphia Federal Reserve Bank President Patrick Harker said Friday that a robust labor market is boosting consumer confidence and lifting the U.S. economy, despite headwinds such as a global slowdown and trade uncertainty, which are dragging down business investment.
U.S. housing starts race to 13-year high in December
Reuters - Jan 17, 2020 08:53AMWASHINGTON, (Reuters) - U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.
The yield curve's still weird. Fed's Bullard is okay with that
Reuters - Jan 17, 2020 08:50AMST. LOUIS (Reuters) - It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in the economy, a risky environment for the Fed to carry out planned rate increases.
China's annual aluminum output slips for first time in decade
Reuters - Jan 17, 2020 08:49AMBEIJING (Reuters) - China's annual aluminum production fell for the first time in 10 years in 2019, official data showed on Friday, hit by softer demand amid the Sino-U.S. trade row and large-scale smelter outages.
China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note
Reuters - Jan 17, 2020 08:46AMBEIJING (Reuters) - China's economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand.
Gold holds steady above $1,550 even with the headwinds of recent events
Kitco Commentary - Jan 16, 2020 05:32PM(Kitco News) - Over the last six trading days gold has traded in the narrow and compressed range of $25.
Dollar gains on positive U.S. economic data
Reuters - Jan 16, 2020 02:48PMNEW YORK (Reuters) - The dollar gained on Thursday after multiple data releases painted a positive U.S. economic picture, reversing earlier weakness following the preliminary deal between the United States and China to de-escalate their trade war.
U.S. Senate passes North America trade deal, Canada still to approve
Reuters - Jan 16, 2020 02:44PMWASHINGTON (Reuters) - The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labor and automotive content but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Trump impeachment trial opens; White House faulted on Ukraine aid freeze
Reuters - Jan 16, 2020 02:39PMWASHINGTON (Reuters) - As the Senate formally opened the impeachment trial on whether to remove Donald Trump from office, a nonpartisan congressional watchdog on Thursday dealt the Republican president a blow by concluding that the White House violated the law by withholding security aid approved for Ukraine by U.S. lawmakers.
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