Monday, December 16, 2024
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Powell Speech and Jobs Data to Help Clarify Fed Rate Path

(Bloomberg) -- The appetite of Federal Reserve policymakers for another large interest-rate cut in November may come into better focus in the coming week...

Charting the Global Economy: China Opens Up Stimulus Flood Gates

(Bloomberg) -- China’s policymakers uncorked sweeping stimulus measures aimed at bolstering demand and keeping the world’s second-largest economy from slipping into a deflationary spiral.Most...

Mexico’s annual inflation undershoots forecasts ahead of rate decision

(Reuters) - Mexico's annual inflation slowed more than expected in the first half of September, official data showed on Wednesday, paving the way for...

China Unleashes Stimulus Package to Revive Economy, Markets

(Bloomberg) -- China’s central bank unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring mounting alarm within Xi...

China’s central bank cuts bank reserve rates, pledges other moves to help the economy

BEIJING (AP) — The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy by tackling a downturn in...

Stocks Set for Gains on China Optimism, Fed Bets: Markets Wrap

(Bloomberg) -- Asian equities are set to follow Wall Street peers higher after several Federal Reserve policymakers hinted at further easing and as optimism...

Ringgit’s Rally to Sustain After Best Quarter in 50 Years

(Bloomberg) -- The Malaysian ringgit is poised to extend its rally after what’s likely to be its best quarter since 1973 as the central...

Fed Is About to Get Validation for Its Jumbo Rate Cut

(Bloomberg) -- The Federal Reserve’s preferred price metric and a snapshot of consumer demand are seen corroborating both the central bank’s aggressive interest-rate cut...

Ireland faces major challenges to scale up construction, central bank says

DUBLIN (Reuters) - Ireland faces significant challenges to make construction more financially and practically viable to build the 52,000 homes needed per year from...

Central bank digital currency momentum growing, study shows

By Marc JonesLONDON (Reuters) - A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies,...

Russia’s strategy to rely more China’s yuan is backfiring

After the U.S. and its allies sanctioned Russia in 2022 for its invasion of Ukraine, Moscow turned away from the dollar and euro in...

The Fed welcomes a ‘soft landing’ even if many Americans don’t feel like cheering

WASHINGTON (AP) — When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring...

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