Strong case for 50 bp Fed cut, says former NY Fed chief Dudley
SINGAPORE (Reuters) – Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. “I…
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Dollar weak as traders add to wagers of big rate cut from Fed
By Ankur Banerjee SINGAPORE (Reuters) – The dollar softened on Friday, with the euro and the yen on the rise as investors remained on tenterhooks ahead of next week’s central…
Bank Indonesia to keep rates steady on Sept 18, cut in Q4: Reuters poll
By Rahul Trivedi BENGALURU (Reuters) – Bank Indonesia (BI) will leave interest rates unchanged next week to support the rupiah but was expected to cut next quarter, after widely anticipated…
Bank of England to pause rate cuts, focus shifts to bond sales
By Andy Bruce (Reuters) – An interest rate cut from the Bank of England next week looks unlikely but investors will be watching its September meeting for clues about future…
Fed faces dilemma over 25 or 50 bps cut in Sept, WSJ’s Timiraos says
Investing.com– The Federal Reserve faces a dilemma over cutting interest rates when it meets next week, the Wall Street Journal’s Nick Timiraos said, as the decision comes amid a cooling…
Trump says he will end all taxes on overtime
(Reuters) – Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he…
IMF says director Valdes has delegated all Argentina negotiations
By Rodrigo Campos (Reuters) – The International Monetary Fund’s director of the Western Hemisphere Rodrigo Valdes has fully delegated all negotiations with Argentina to other officials, the fund said on…
Morning Bid: Weekly rebound in reach, China data deluge looms
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian stocks are poised to end the week on a strong footing on Friday, spurred on…
Adobe forecasts downbeat quarterly earnings on cautious tech spending
(Reuters) – Photoshop maker Adobe (NASDAQ:ADBE) forecast fourth-quarter earnings below analysts’ estimates on Thursday, signaling stiff competition and soft demand for its AI-integrated editing tools amid challenging economic conditions. Shares…
Fed set for ‘dovish’ 25bps cut next week, but risks pressure for bigger Nov. cut
Investing.com — The Federal Reserve looks set to deliver a “dovish” quarter point rate cut next week, leaving the economy exposed to risks of softer economic data that would likely…