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Michael Barr, the US banking regulator, resigns early as Trump prepares to take office, aiming for more effective service in a reduced role.
Michael Barr resigns as vice chair for supervision at the Federal Reserve, stepping down amid pressure from GOP as Trump's administration looms.
The dollar remains strong near a two-year high, while the yuan slides to a 16-month low amid upcoming U.S. economic data.
Asian shares start cautiously ahead of significant economic data releases, while the dollar maintains its strength amid ongoing market anticipation.
Federal Reserve officials stress the necessity of continuing the fight against inflation to achieve a 2% target.
US employers showed moderation in hiring in December as the economy anticipates continued job growth into 2025.
Thomas Barkin emphasizes the need for the Fed to maintain a restrictive policy to ensure inflation trends toward the target level.
Investors anticipate the U.S. jobs report as a key indicator for stock market trends in 2025 following a volatile end to last year.
US manufacturing PMI rose to 49.3 in December, indicating signs of recovery despite challenges posed by input price increases.
U.S. stocks face decline, with the dollar strengthening as investors anticipate minimal rate cuts from the Fed amid robust labor market data.
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