Category: easing
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Chile Holds Interest Rate at 5% in First Easing Pause Since July
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(Bloomberg) – The Central Bank in Chile stopped the reductions of interest rates and left all options on the table for future borrowing cost adjustments, noting the increasing uncertainty as well as the risks of local and global inflation. Most of them read from Bloomberg Policymakers led by Rosana Costa…
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Bond Traders Turn to 2025 Amid Most Agonizing Easing in Decades
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(Bloomberg) — Bond traders have rarely suffered much from a Fed easing cycle. Now they fear 2025 threatens more of the same. Most read from Bloomberg US 10-year bond yields have risen more than three-quarters of a percentage point since central bankers began cutting benchmark interest rates in September. It’s…
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The 24 Hours of Rate Cuts That End Year of Global Central-Bank Easing
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Breadcrumb Trail Links PMN Business A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. Author of the article: Bloomberg News Craig Stirling Published Dec 14, 2024 • 7…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Aggressive Fed easing more like a Christmas wish list rather than the most likely outcome
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Deutsche Bank has a research note showing that easing expectations for the Fed remains too aggressive. About 200 basis points of cuts are priced in, including the 50 basis points we’ve already seen. If the economy is in good shape, a large easing cycle will almost certainly lead to increased…
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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ECB Is Set to Deepen Global Easing With Rate Cut It Didn’t Expect
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Breadcrumb Trail Links PMN Business The European Central Bank will probably advance the global push for monetary easing in the coming week with an interest-rate cut that policymakers had all but ruled out just a month ago. Author of the article: Bloomberg News Craig Stirling Published Oct 12, 2024 • …
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Dollar hits 10-week high vs yen as Fed easing bets ebb ahead of CPI By Reuters
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Written by Kevin Buckland TOKYO (Reuters) – The U.S. dollar rose to a 10-week high against the yen on Thursday as markets grew more confident about the Federal Reserve’s patient approach to further monetary easing, even as a key inflation report was due later. today. The index, which measures the…
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RBNZ Slashes Rates by 50 bps, Signals Further Easing Ahead
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The Reserve Bank of New Zealand (RBNZ) has cut its official cash rate (OCR) by 50 basis points to 4.75%, marking a major shift in its monetary policy stance. The move, while widely expected by markets (as discussed in our events guide), underscores the central bank’s growing concerns about economic…
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Dollar sturdy after Powell pushes back on aggressive easing bets By Reuters
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Written by Kevin Buckland and Brigid Riley TOKYO (Reuters) – The U.S. dollar rose against its major counterparts on Tuesday after Federal Reserve Chairman Jerome Powell backed off bets on further deep interest rate cuts. The yen stabilized near the middle of its range against the dollar over the past…
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Copper Technical Analysis – Chinese big easing measures trigger a strong rally
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Basic overview Last week, the People’s Bank of China (PBoC) announced a lot of easing measures ranging from short-term and long-term interest rate cuts. Copper rose strongly as China accounts for more than 50% of copper demand. Things are starting to look better for the market as the Fed also…
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Why Wells Fargo says investors have key decisions to make amid Fed easing cycle By Investing.com
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Investing.com – It may be time for investors to make key decisions about their alternative cash allocations and fixed income positions as the Federal Reserve begins a policy easing drive, according to analysts at Wells Fargo. In a note to clients, analysts said carrying cash provides investors with a steady…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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How will EU car stocks react to central bank easing? By Investing.com
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European auto stocks may not see an immediate boost in the wake of interest rate cuts by central banks, despite hopes of increased affordability of new vehicles, Morgan Stanley noted in a note to clients on Wednesday. Historically, the sector does not react quickly to interest rate cuts, and weak…
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BOE Kept Rates at 5.00% and Emphasized Its ”Gradual” Approach to Easing
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Bank of England members voted 8-1 to keep the bank’s official cash rate at 5.00% in September. Swati Dhingra, a member known for her dovishness, voted for another 25 basis point rate cut after a similar cut in August. The vote was much less “balanced” than the 5-4 rate cut…
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Bullish bets steady on Asian currencies as Fed easing bets soften dollar, Reuters poll shows By Reuters
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Written by Sameer Manikkar Analysts remained bullish on most Asian currencies, although some pared bets slightly, as a defensive U.S. dollar driven by a dovish Federal Reserve boosted the appeal of risk-sensitive assets, a Reuters poll showed on Thursday. Long bets were highest on the Malaysian ringgit and the Thai…
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US easing cycle to weaken dollar, help euro to rise: UBS By Investing.com
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The U.S. Federal Reserve’s monetary easing cycle that began on Wednesday should weaken the U.S. dollar and thus help the euro rise, UBS strategists said in a note. The Federal Reserve began its easing cycle by cutting interest rates by 50 basis points at its September meeting, and is expected…
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This is how the market behaves in an easing cycle
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The market’s reaction today to the absence of a strong 50 basis point signal from Waller should come as no surprise. This is what I wrote in June: It’s been a long time since we’ve seen a “normal” price-cutting cycle so it’s worth reminding yourself of what’s going on and…