Fed should cut interest rates ‘gradually,’ Musalem says
(Reuters) – St. Louis Federal Reserve Bank President Alberto Musalem on Friday said the U.S. central bank should cut interest rates “gradually” after what he called the “strong and clear…
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Zambia targets growth rebound after worst drought in living memory
By Chris Mfula LUSAKA (Reuters) – Zambia is aiming for a sharp rebound in economic growth and a halving of its budget deficit next year as it recovers from the…
Clock is ticking for US recession, return of Fed’s QE, says black swan fund
By Davide Barbuscia and Carolina Mandl NEW YORK (Reuters) – The first interest rate cut by the Federal Reserve signals a U.S. recession is imminent and a dramatic drop in…
Canada budget deficit over first four months of 2024/25 jumps to C$7.3 billion
OTTAWA, Sept 27 (Reuters) – Canada recorded a sharply higher C$7.29 billion ($5.41 billion) budget deficit for the first four months of the 2024/25 fiscal year as government expenditures grew…
Traders now see the Fed delivering another 50bps rate cut in November
Investing.com — Traders slightly increased their bets on the Federal Reserve delivering another 50-basis-point rate cut in November after a government report showed inflation rose modestly in August, paving the…
Why China’s move is ‘a game changer’
Investing.com — China’s recent stimulus measures are being labeled a potential game changer for the country’s struggling economy, according to UBS. With economic momentum slowing and deflationary pressures mounting, China’s…
China cuts short-term borrowing costs
BEIJING (Reuters) -China’s central bank said late on Friday it lowered borrowing costs of the standing lending facility (SLF) by 20 basis points across all tenors. SLF is a type…
Traders bet on second straight 50 bps Fed rate cut in November
(Reuters) – Traders added slightly to bets the Federal Reserve will deliver a second 50-basis-point interest rate cut in November after a government report Friday showed inflation rose modestly in…
US consumer spending rises moderately in August; inflation slows
WASHINGTON (Reuters) – U.S. consumer spending increased moderately in August, suggesting the economy retained some of its solid momentum in the third quarter, while inflation pressures continued to abate. Consumer…
Factbox-Big banks start to add October cut to ECB forecasts
LONDON (Reuters) -Several brokerages now expect the European Central Bank to deliver a quarter-point cut at its Oct. 17 meeting, as data showing economic weakness and slowing inflation pushes policy…