Category: Cut
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The Fed will only cut rates once this year because the US economy is too strong, market vet says
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U.S. Federal Reserve Chairman Jerome Powell speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the semiannual monetary policy report to Congress at the U.S. Capitol on July 9, 2024 in Washington, D.C. Powell was quoted as saying in previous remarks, “We want to be more confident…
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UBS says doesn’t see reason for 50bp Federal Open Market Committee (FOMC) rate cut in Sept
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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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It’s the MLF day in China – No rate cut expected from the People’s Bank of China
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The People’s Bank of China sets the medium-term lending facility rate on the 15th of each month. The rate is currently 2.3%, after the People’s Bank of China made a surprise interest rate cut on the 25th of last month! There is a widespread expectation that there will be no…
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Dollar sags after benign US inflation data; kiwi skids on rate cut By Reuters
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By Kevin Buckland TOKYO (Reuters) – The dollar remained lower on Wednesday after falling against its major peers overnight as a strong U.S. producer price reading bolstered bets the Federal Reserve will cut interest rates this year. The New Zealand dollar fell sharply from a four-week high after the Reserve…
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RBNZ Surprised With A 25bps Rate Cut As A “Reasonable First Step” Amidst Cooler Inflation And Slower Growth
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The New Zealand Dollar fell sharply earlier today, and no, it’s not because your trading platform suffered from a “Massive DDoS attack.“ A few hours ago, the Reserve Bank of New Zealand surprised the markets with Official interest rate cut by 25 basis points to 5.25% While many market participants…
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Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut By Investing.com
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Most Asian currencies rose on Wednesday, while the dollar fell after a weak reading on U.S. producer inflation raised hopes that a similar easing in consumer inflation would lead to deeper interest rate cuts. The New Zealand dollar was an exception, posting sharp losses after the Reserve Bank of New…
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Market pricing is for an Reserve Bank of New Zealand rate cut at its next meeting too
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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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Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?
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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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US Inflation Data to Show Another Modest Increase, Cementing Fed Cut
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Breadcrumbs Path Links PMN Business Forecasters expect a monthly report on U.S. consumer prices to show another modest increase last month, reinforcing widespread expectations of a Federal Reserve interest rate cut in September. Article author: Bloomberg News Matthew Bosler Published on August 13, 2024 • Read for 3 minutes You…
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Reserve Bank of New Zealand meet today – BNZ calls for an immediate rate cut
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The Reserve Bank of New Zealand meets at 0200 GMT on Wednesday, which is 2200 EST on Tuesday evening. Previous Previews: RBNZ Monetary Policy Meeting – Reuters poll inconclusive, 19 say hold, 12 say 25bp cut ANZ expects the Reserve Bank of New Zealand to hold interest rates steady next…
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Dollar tenses for data verdict on rate cut risks By Reuters
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By Wayne Cole SYDNEY (Reuters) – The dollar remained in a state of uncertainty on Tuesday as investors waited to see how U.S. economic data would affect the prospects for an overly aggressive interest rate cut, while a rise in Japanese shares helped stem the bleeding in yen carry trades.…
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CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada
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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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Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
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(Bloomberg) — U.S. inflation is likely to rise modestly in July, but not enough to deter the Federal Reserve from a widely expected interest-rate cut next month. Most Read from Bloomberg The consumer price index on Wednesday is expected to rise 0.2% from June for both the headline number and…
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About that 75 basis point emergency cut…
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Jeremy Siegel, a Wharton professor and frequent commentator on markets, caused a stir on Monday when he called for an urgent 75 basis point interest rate cut as markets collapsed. He then doubled down on his position by calling for another 75 basis point cut in September “at a minimum.”…
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Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
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روابط مسار الفتات الخبز PMN الأعمال من المحتمل أن يرتفع معدل التضخم في الولايات المتحدة بشكل متواضع في يوليو/تموز، ولكن ليس بالقدر الكافي لعرقلة بنك الاحتياطي الفيدرالي عن خفض أسعار الفائدة المتوقع على نطاق واسع الشهر المقبل. مؤلف المقال : بلومبرج نيوز مولي سميث وكريج ستيرلنغ نُشرت في 10 أغسطس…
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Election and rate cut points to UK home sales pickup, RICS says By Reuters
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LONDON (Reuters) – Britain’s housing market looks set for a sales recovery in the coming months after the Bank of England cut interest rates and the new government shifted its focus to the sector, a survey showed on Thursday. The Royal Institution of Chartered Surveyors said its gauge of expected…
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Over 30 Chinese firms cut ties with PwC amid Beijing’s pressure over Evergrande scandal
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PricewaterhouseCoopers has seen a major loss of major clients in China after pressure from Beijing, which has urged state-owned companies to cut ties over the firm’s involvement with troubled property developer Evergrande. Over the past few months, China’s Ministry of Finance has issued “enforceable guidance” – informal verbal instructions –…
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Zack Snyder’s Rebel moon director’s cut: What’s different
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We finally got director Zack Snyder’s cut of Rebel Moon on Netflix, and as expected, the two parts, each running about six hours long, deliver a story that is far superior to the original films. While maintaining the essence of the first films, this version is much better, offering a…
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NZD traders – Westpac forecasts the RBNZ to cut by 25bps in October and November 2024
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Reserve Bank of New Zealand forecast from Westpac Bank in New Zealand. Westpac revises RBNZ rate cut forecast, now sees easing in October, November Westpac now expects the Reserve Bank of New Zealand to cut the official cash rate by 25 basis points to 5.25% in October. The official interest…
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Intel to cut 15,000 jobs in bid to catch up in AI chip race
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Intel, the US semiconductor giant, is set to cut 15,000 jobs as part of an aggressive effort to revitalize lagging manufacturing operations and keep up with the competitive artificial intelligence chip market. Shares of the California-based company fell 20% in after-hours trading in New York to $29.05 after announcing a…