Mexican Peso erases previous gains on global geopolitical developments and dovish comments from Banxico’s Governor. Victoria Rodríguez Ceja’s dovish stance on continued rate cuts reflects efforts to manage inflation amidst economic challenges. Geopolitical risks remain heightened as military actions in Ukraine influence USD/MXN’s volatility. The…

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By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins reiterated on Wednesday she believes the U.S. central bank has more interest rate cuts ahead as it seeks to normalize monetary policy while inflation pressures ease. “I expect additional adjustments will likely be appropriate…

(Reuters) -Elon Musk and Vivek Ramaswamy said the government efficiency panel that President-elect Donald Trump has named them to lead will follow recent U.S. Supreme Court rulings that they say can be used to take power away from federal agencies and reduce regulations the two call unnecessary, costly and inefficient.…

POLITICS

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By John Kruzel and Andrew Chung WASHINGTON (Reuters) – Republican Donald Trump’s return to the presidency is expected to precipitate a shift in the U.S. government’s legal stance in major cases pending at the Supreme Court, including a closely watched dispute involving Tennessee’s ban on gender-affirming medical care for transgender minors. After Trump succeeds Democrat Joe Biden on Jan. 20, other big cases in which the new administration could change positions include ones involving the largely untraceable firearms called “ghost guns,” nuclear waste storage, flavored vape products and securities fraud, according to legal experts. Trump on Wednesday tapped Republican congressman…

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Investing

The Federal Reserve cut interest rates by an “historic” 50 basis points. Then, interest rates soared. Wait. What? The Federal Funds Rate is a target (technically a target range) that influences short-term rates in the economy. Money market funds, for example, pay interest based on this benchmark. They pay 0.5%…