Dollar steady ahead of Fed minutes, NZ dollar falls after rate cut
By Brigid Riley TOKYO (Reuters) – The dollar drifted sideways on Wednesday, giving some relief to the yen and other major currencies after a sharp rally to a seven-week high…
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China stocks fall sharply, set to snap winning streak
SHANGHAI (Reuters) – Mainland China stocks opened sharply lower Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to…
Fed Vice Chair Jefferson: rate cut aimed at keeping US job market strong
(Reuters) – Federal Reserve Vice Chair Philip Jefferson on Tuesday said the U.S. central bank’s half-percentage-point interest-rate cut last month was aimed at keeping the labor market strong even as…
Fed Vice Chair Jefferson: Sept rate cut was ‘timely’
(Reuters) – The Federal Reserve’s 50-basis-point interest-rate cut last month was “timely” and was neither reactive, nor proactive, Fed Vice Chair Philip Jefferson said on Tuesday. “It was timely and…
CBO estimates $1.8 trillion US deficit for fiscal 2024, largest after COVID
By David Lawder WASHINGTON (Reuters) – The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as…
Tax worries knock UK business confidence, survey shows
By Suban Abdulla LONDON (Reuters) – British business confidence fell in the third quarter as tax worries hit investment, according to a survey of accountants that chimes with similar concerns…
UK likely to free up borrowing by excluding BoE losses, Guardian reports
LONDON (Reuters) -British Finance Minister Rachel Reeves will likely free up 10 billion to 20 billion pounds’ ($13.1 billion – $26.2 billion) worth of room to borrow for capital investment…
Investors read Fed tea leaves, shrug off China stimulus
By Alden Bentley NEW YORK (Reuters) – A look at the day ahead in Asian markets. Wall Street got back on track Tuesday, encouraged that the Fed seems confident enough…
Fed’s Collins expects more rate cuts amid confidence inflation is easing
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Boston President Susan Collins said on Tuesday that with inflation trends growing weaker it is very probable that…
Investors now believe fed rate-cut outlook too optimistic: UBS
Investing.com — Investors now believe that even the Fed’s expectations to cut rates by 200 basis points over the next two years are too optimistic as stronger economic data continue…