Bank of England leaves rates at 5%, pound hits highest since March 2022
LONDON (Reuters) – The Bank of England left interest rates at 5% on Thursday and voted to run down its stock of British government bonds by another 100 billion pounds…
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South Africa central bank joins easing club with 25 basis point rate cut
By Kopano Gumbi, Tannur Anders and Bhargav Acharya PRETORIA (Reuters) -South Africa’s central bank struck a measured tone after its first rate cut in more than four years on Thursday,…
US Senate to move on stopgap bill to avert partial government shutdown
By Moira Warburton and Andy Sullivan WASHINGTON (Reuters) -The U.S. Senate will prepare temporary spending legislation that would avert a partial government shutdown at the end of the month, Senate…
US existing home sales drop in August; supply improves
WASHINGTON (Reuters) – U.S. existing home sales fell more than expected in August as house prices remained elevated despite a continued improvement in supply. Home sales fell 2.5% last month…
More rate cuts a “positive” for small cap firms – Bank of America
Investing.com — Further potential interest rate cuts by the Federal Reserve this year could help boost small-cap companies, but lingering uncertainty over the direction of the US economy may present near-term…
Trump claims Fed’s jumbo rate cut shows US economy is “very bad”
Investing.com — Republican presidential candidate Donald Trump has argued that the Federal Reserve’s decision to roll out a super-sized 50-basis point interest rate cut is a sign that the US economy…
Cautious Bank of England hold rates, extends bond reduction plan
By Andy Bruce and David Milliken LONDON (Reuters) -The Bank of England kept interest rates at 5.0% on Thursday, saying it would be careful about future cuts, and also held…
Europe’s banks may lack enough loan loss cover for property slump, says Moody’s
By Iain Withers LONDON (Reuters) – European banks may not be sufficiently provisioned for property loan defaults if severe pressure leads to rapid growth in problem loans, a report by…
Fed’s next rate cut will be smaller, traders bet
(Reuters) – Traders on Thursday added to bets the U.S. Federal Reserve’s next rate cut will be smaller than the one it delivered on Wednesday, after economic data showed an…
US elections: Both candidates expected to widen budget deficit, Danske Bank says
Investing.com — Both candidates for the upcoming U.S. presidential election are expected to widen the budget deficit, analysts at Danske Bank said in a Thursday note. Kamala Harris was seen…