Category: Cut
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Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools
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Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…
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New Zealand rate pricing implies 25bp rate cut for October vs. 16 before RBNZ ststament
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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DBS CEO: Trump likes to ‘cut deals,’ may be helpful with China
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Right now, American voters face a choice between President Joe Biden and former President Donald Trump in November’s presidential election. Business leaders around the world—including in Southeast Asia, which is trying to balance its relations with the United States and China—are plotting what either outcome might mean. The overall view…
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FX option expiries for 9 July 10am New York cut
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There are only two things to really pay attention to on this day, as shown in: wide. Both for EUR/USD are at the 1.0800 and 1.0875 levels. The first level is said to be the most interesting, as it aligns with the major daily moving averages. The technical significance there…
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Cabinet approves budget cut, coalition funds left untouched
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The Israeli cabinet today approved a 1% budget cut for all government ministries except the Defense Ministry for the 2024 budget, including NIS 525 million originally earmarked to raise high school teachers’ salaries. The 1% budget cut is intended to finance the continued evacuation of residents in the north and…
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Timiraos: The Fed may start the debate about a Sept cut at the upcoming meeting
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Nick Timirus He says Today’s jobs report wasn’t alarming enough to put a July rate cut on the table (5% pricing) but it does say it could open up a real debate about September. The June jobs report will make the July Fed meeting more interesting because there may be…
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The case against a rate cut this year
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Despite recent improvements in inflation and economic indicators, analysts at Yardeni Research argue against a Fed rate cut this year. May personal consumption expenditures data suggest inflation is on track to hit the Fed’s 2.0% target by year-end. Moreover, consumer spending remains strong, in line with the positive economic outlook.…
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Weak shekel makes rate cut unlikely next week
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The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from implementing further cuts. Capital market sources and analysts currently believe that there will be…
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Bitcoin rally hinges on rate cut, Bitfinex exec says
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Macroeconomic uncertainty in the US has pushed Bitcoin to a two-month low, but slowing inflation suggests monetary policy could soon boost risk appetite. Bitcoin (BTC) price fell below $57,000 after the US Federal Reserve minutes confirmed that interest rates will remain at their current levels until economic data justifies more…
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Asia FX upbeat as rate cut bets dent dollar; yen on intervention watch By Investing.com
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Most Asian currencies rose on Thursday as growing expectations of a Federal Reserve interest rate cut weighed on the dollar, while a fragile yen kept traders wary of possible government intervention. But gains in Asian currencies were capped by hawkish signals from the minutes of the Federal Reserve’s June meeting,…
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Asian stocks rise as rate cut bets build; Japan tests record highs By Investing.com
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Asian stocks rose on Thursday, tracking gains on Wall Street overnight, as a string of weak economic readings prompted investors to ramp up bets that the Federal Reserve will cut interest rates by September. Japanese stocks have been the best performers in recent sessions, recovering most of the losses they…
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Momentick teams with Sompo to cut greenhouse gas emissions
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Japanese insurance giant Sompo partners with Israeli startup Momentic Momentick will work to reduce greenhouse gas emissions from Japanese energy production sources, drilling rigs and gas pipelines. Momentick has developed a solution to identify and measure greenhouse gas emissions through satellite imagery. The Japanese government is interested in regulating its…
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WideOpenWest cut to underperform at Raymond James By Investing.com
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Raymond James downgraded WideOpenWest (WOW) to Underperform, citing limited upside potential following the proposed acquisition. The company received a non-binding offer of $4.80 per share from its major shareholders and affiliates, which is in line with Raymond James’ previous target price of $5. However, the stock is currently trading above…
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Increasing speculation of a PBOC RRR cut this month or next
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There are some expectations that the People’s Bank of China will cut the reserve requirement ratio this month, or in August, to boost long-term liquidity and support bond buying. The People’s Bank of China may adopt measures such as cutting the reserve requirement ratio (RRR) to provide sufficient liquidity to…
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Asia FX muted after mixed China PMIs, dollar dips as rate cut bets grow By Investing.com
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Investing.com — Most Asian currencies held tight ranges on Monday, as sentiment toward the region was weighed down by weak Chinese trade data, while the dollar fell amid some growing bets on interest rate cuts. A sharp downward revision to Japan’s first-quarter GDP growth also kept sentiment towards Asia largely…
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Path, destination of interest rates more important than timing of first cut: UBS By Investing.com
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Since the beginning of 2024, investors have been primarily interested in when the Federal Reserve will start cutting interest rates. Initially, March seemed like a good time to do this, but expectations then shifted to June after a wave of unfavorable economic data. Now, for the same reasons, the first…
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President Ruto directs Sh346 billion budget cut after Finance Bill rejection
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President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on Friday signed the 2024 Fiscal Appropriation Bill, which allows the national government and…
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Labour Could Cut Taxes by £16bn, Say Economists
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Economists from Capital Economics predict that Labor could benefit from a £16bn spending boost if it wins the next general election, thanks to updated forecasts from the Office for Budget Responsibility (OBR). This potential financial boost is almost double the £8.9bn announced in the March Budget. Rachel Reeves, Labour’s shadow…
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Fed’s Bowman: We’re not at a point yet to consider a rate cut
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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Scotia thinks the June BoC cut was a policy mistake
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The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…