Dollar pinned down by 50 bp Fed cut bets
SINGAPORE (Reuters) – The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets…
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Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes
(Reuters) – Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the U.S. Federal Reserve at its…
As Fed cuts loom, health of US economy could determine markets’ path
By Lewis Krauskopf, Prinz Magtulis, Pasit Kongkunakornkul and Vineet Sachdev NEW YORK (Reuters) – How stocks, bonds and the dollar perform after the Federal Reserve kicks off its rate-cutting cycle…
Microsoft approves new $60 billion share buyback program
(Reuters) -Microsoft said on Monday its board has approved a new share buy back program of up to $60 billion. The tech giant declared a quarterly dividend of $0.83 per…
Morning Bid: Dovish Fed eyed, China’s deflationary forces intensify
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in…
Cuba slashes size of daily bread ration as ingredients run thin
HAVANA (Reuters) – Cuba’s communist-run government on Monday slashed by a quarter the weight of its subsidized ration of daily bread, the latest shortage to strain a decades-old subsidies scheme…
Argentina economy forecast to extend recession in second quarter
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economy likely shrank 1.4% in the second quarter versus a year earlier, a Reuters poll showed on Monday, the fifth such decline…
White House’s Brainard says US inflation at turning point, focus should shift to jobs
(Reuters) – Top White House economic adviser Lael Brainard on Monday declared that the U.S. economy had turned the corner in bringing down inflation and it was now time to…
Fed rate cuts will not be as deep as the market expects, says BlackRock
NEW YORK (Reuters) – The Federal Reserve will likely not cut U.S. interest rates as deeply as the bond market expects due to a resilient economy and inflation remaining sticky,…
Column-Record US household wealth may increase chance of soft landing: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – As the Fed prepares to cut interest rates, U.S. households are sitting on their largest accumulation of net wealth in history. By some…