ECB rate cut looking more likely as Eurozone growth downwardly revised
Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong…
Purpose Investments Inc. Announces Final August 2024 Distribution Rate for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund
Article contentTORONTO, Aug. 27, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final August 2024 distribution rates for Purpose High Interest Savings Fund,…
Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…
Markets look ahead: EU inflation data in focus as ECB considers rate move
The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings…
Powell’s Fed Rate Cues, Reliance AGM To Bolster Indian Stocks
Breadcrumb Trail LinksPMN BusinessBefore the trading day starts we bring you a digest of the key news and events that are likely to move markets.…
Fed’s Preferred Price Gauge to Reinforce Rate Cuts: Eco Week
Breadcrumb Trail LinksPMN BusinessUS inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending…
Charting the Global Economy: Powell Pivots to September Rate Cut
Breadcrumb Trail LinksPMN BusinessChair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials…
Fed Chair Jerome Powell indicates interest rate cuts are coming amid lowered inflation
Federal Reserve Chairman Jerome Powell Friday indicated interest rate cuts are coming amid positive economic data on inflation dropping to an annual rate of 2.5%.…
Fed leader tees up interest rate cuts in search of soft landing
After a near-textbook campaign to rein in inflation by raising interest rates, the head of the Federal Reserve, Jerome H. Powell, all but promised Friday…
Q&A: Ex-St. Louis Fed Chief Bullard On Rate Cuts, Global Economic Tensions
James Bullard, the former president of the Federal Reserve Bank of St. Louis from 2008-2023 and a former member of the Federal Open Market Committee,…
Why does the US have such a high maternal mortality rate? | Health News
Amid fierce debates around abortion and challenges with access to healthcare, women in the United States face another battle: the increasing risk of death associated…
Markets recap: Risk-on sentiment returns amid optimism over rate cuts
Major stock markets are set to end the week on a positive note as the rebound continued amid optimism over rate cuts. Technology shares, in…
Currency war ahead? Euro gains as US CPI boosts Fed rate cut expectations
The euro surged to its highest level since January following cooler-than-expected inflation data from both the UK and the US. European stock markets are set…
Ex-BOJ Board Member Rules Out Another Rate Hike This Year
Breadcrumb Trail LinksPMN BusinessThe Bank of Japan won’t be able to raise the policy rate again this year, given the market turmoil that followed its…
Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
Breadcrumb Trail LinksPMN BusinessUS inflation probably picked up modestly in July, but not enough to derail the Federal Reserve from a widely anticipated interest-rate cut…
Bank of Canada sees more rate cuts if inflation behaves
Breadcrumb Trail LinksNewsEconomyMinutes reveal officials reached 'clear consensus' on more rate cuts if inflation behavesPublished Aug 07, 2024 • 3 minute read You can save…
ECB Rate Setters Want More Data Before Cutting — Plenty Will Come This Week
Breadcrumb Trail LinksPMN BusinessA barrage of euro-zone economic data this week will deliver crucial information for the European Central Bank as officials look for signals…
Fed Is About to Nod at a Rate Cut as Job Growth Moderates
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials are on the verge of lowering borrowing costs within months, a move Chair Jerome Powell may signal in the…
China cuts 1-year benchmark rate to boost economy as world markets lag
China ratcheted up its effort to reinvigorate its economy on Thursday by cutting a key policy rate and interest paid on bank deposits. ADVERTISEMENTThe move…
Pound, euro, and gold surge as US dollar weakens on Fed rate cut expectations
Both the euro and the British pound surged further against the US dollar, while gold prices hit a fresh high before pulling back on Wednesday.…