News

Indian Prime Minister Narendra Modi: had a phone call with Venezuelan Acting President Rodriguez.

Hassett, director of the White House National Economic Council: Inflation is not far from the target and the Fed is wrong not to cut interest rates this week.

The U.S. Treasury Department updated its Iran-related sanctions list to sanction two entities known to be linked to Iran's Islamic Revolutionary Guard Corps.

Russian Parliament Speaker: Lawmakers insist on using more powerful weapons to achieve goals in Ukraine war.

Reuters survey: The Bank of Russia is expected to cut its key interest rate to 15.5% in the first quarter of 2026 from the current 16% (last survey was 15%).

Reuters survey: Russia's median inflation at the end of 2025 is expected to be 5.3% (the last survey was 5.2%).

Reuters survey: Russia's GDP growth in 2026 is expected to be 1% (the last survey was 1.1%).

Mexican Economy Minister Ebrard: 231 Canadian business people will visit Mexico on February 16.

Mexican Economy Minister Ebrard: There is no doubt that the US-Mexico-Canada Agreement will be continued.

Mexico's main stock index fell more than 1% in early trading.

The Chicago PMI in the United States recorded 54 in January, a new high since November 2023.

The Chicago PMI in January in the United States was 54, which was expected to be 44. The previous value was revised from 43.5 to 42.7.

U.S. silver mining stocks fell, with Hecla Mining (HL.N) down 9%, Cordair Mining (CDE.N) down 8.6%, Silvercorp Metals (SVM.A) down 8.7% and Endeavor Silver (EXK.N) down 8.1%.

The U.S. Chicago PMI for January will be released in ten minutes.

Federal Reserve Governor Waller: Monetary policy should be closer to the neutral level, which may be around 3%, while the current interest rate range is 3.50%–3.75%.

Fed Governor Waller: Despite solid economic growth, the labor market remains weak.

Fed Governor Waller: Last year's weak employment data is expected to be revised down to reflect almost zero employment growth in 2025.

Fed Governor Waller: The inflation rate excluding tariffs is close to the Fed's 2% target and is expected to reach that target.

Federal Reserve Governor Waller: I have heard that many companies plan to lay off employees in 2026. They are quite skeptical about employment growth and face significant risks of a significant deterioration in employment.

Fed Governor Waller: Inflation has risen due to tariffs, but given that inflation expectations have stabilized, monetary policy should ignore these effects.