News

Fed's Bostic: Now is the moment the Fed cannot ignore its inflation mandate.

Fed's Bostic: Need to "focus" on lowering inflation. The Fed's mandate is somewhat in tension with its inflation target.

Fed Bostic: No hiring and no firing remain the main dynamics of the labor market.

Fed Bostic: The job market has tended to cool, but it is unclear whether it is fundamentally weakening.

Fed's Bostic: Heard industries relying on foreign workers are under pressure.

Fed's Bostic: Cost pressure comes not just from tariffs.

Fed Bostic: Controlling inflation is very important.

Fed Bostic: Inflation remains one of the main challenges facing the economy.

Fed Bostic: In many ways, the United States has had a K-shaped economy for a long time.

Fed Bostic: High-end consumers have been spending and the economy has been resilient.

New York Fed: U.S. household net worth increased by $6.064 trillion in the third quarter.

Minnesota officials are asking the FBI to share evidence from the Immigration and Customs Enforcement shooting investigation.

Morgan Stanley expects the Fed to cut interest rates by 25 basis points each in June and September, compared with previous forecasts of cuts in January and April this year.

The German DAX30 index closed up 138.30 points, or 0.55%, at 25264.21 points on January 9 (Friday);The British FTSE 100 index closed up 81 points on January 9 (Friday) .71 points, an increase of 0.81%, to 10126.40 points;The FCHI index closed up 118.62 points, or 1.44%, to 8362.09 points on January 9 (Friday);The European Stoxx 50 Index closed up 93.54 points, or 1.58%, at 5997.86 points on January 9 (Friday);The Spanish IBEX35 Index closed up 5 on January 9 (Friday) .47 points, an increase of 0.03%, to 17642.77 points;Italy’s FTSE MIB index closed up 59.80 points, or 0.13%, to 45731.50 points on January 9 (Friday).

U.S. Treasury Secretary Bessenter: The government is investigating four money services companies in the Greater São Paulo area.

U.S. Treasury Secretary Bessent: The IRS will set up a task force to investigate fraud involving COVID-19 tax benefits.

U.S. Treasury Secretary Bessent: In the midst of a fraud investigation, the Financial Crimes Enforcement Network has notified some companies that they are under investigation.

U.S. Treasury Secretary Bessent: Met with multiple financial institutions on Friday regarding fraud investigations.

The U.S. Supreme Court is expected to rule on Wednesday, January 14.

U.S. Secretary of State Rubio discussed Arctic security issues for all NATO allies with NATO Secretary-General Mark Rutte.