US retail sales unexpectedly rise in August
WASHINGTON (Reuters) – U.S. retail sales unexpectedly rose in August, suggesting that the economy remained on a solid footing through much of the third quarter. Retail sales increased 0.1% last…
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Bank of Spain ups 2024 economic growth forecast on tourism boom
MADRID (Reuters) – Spain’s central bank on Tuesday raised this year’s economic growth forecast to 2.8% from 2.3%, predicting an acceleration from 2023, largely thanks to booming tourism. It was…
Bangladesh says World Bank pledges over $2 billion for reforms
By Ruma Paul DHAKA (Reuters) – Bangladesh said on Tuesday the World Bank has committed to providing over $2 billion in new financing this fiscal year to support the country’s…
Factbox-Most brokerages expect 25 bps rate cut from Fed on Wednesday
(Reuters) – Major brokerages expect the U.S. Federal Reserve to lower interest rates by 25 basis points at the end of its two-day monetary policy meeting that starts on Tuesday,…
Over-priced Fed rate cuts make T-bills unattractive, Federated Hermes says
By Alun John LONDON (Reuters) – Market expectations of substantial U.S. rate cuts this year are making short-dated debt unattractive as the Federal Reserve is unlikely to be as aggressive…
Economic data has not made compelling case for 50-basis point cut – StanChart
Investing.com — Recent economic data has not made a “compelling case” for a super-sized interest rate reduction at the conclusion of the Federal Reserve’s latest two-day policy meeting this week, according…
Factbox-Policies of German opposition chief and possible next chancellor Merz
By Sarah Marsh BERLIN (Reuters) – Friedrich Merz, the head of Germany’s Christian Democrats, and Markus Soeder, the head of their Bavarian sister party, said on Tuesday they had agreed…
Investors see 25bps cut on Wednesday, Morgan Stanley’s survey shows
Morgan Stanley said in a note Tuesday that its recent survey results show that the majority of investors expect the Federal Reserve to announce a 25 basis point (bps) interest…
Bond investors debate recession risks with Fed easing finally at hand
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors are more cautious and divided over prospects for recession in the world’s largest economy with the Federal Reserve poised to cut…
Fed rate cut uncertainties rattle balance sheet outlook
By Michael S. Derby NEW YORK (Reuters) – Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve has sparked a related debate over…