Category: rate
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ECB’s Holzmann: There could be room for another rate cut in December
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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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Asia FX firms with yen near 8-mth high; dollar down on rate cut bets By Investing.com
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Asian currencies rose on Friday, while the dollar fell as markets bet the Federal Reserve will begin an easing cycle starting next week, with the focus squarely on the scope of a potential interest rate cut. The Japanese yen was the best performer among its Asian counterparts, approaching its strongest…
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ECB Lowered Main Deposit Rate by 0.25% as Expected, Growth Forecasts Downgraded
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European Central Bank policymakers unanimously decided to cut their key deposit rate by 0.25% as expected, following a previous cut in June. The central bank cut the deposit rate from 3.75% to 3.50% and the main refinancing rate from 4.25% to 3.65%, citing weak growth prospects due to slowing private…
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Goldman Sachs see a Bank of England rate cut in November, with a cascade of cuts to follow
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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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Wall Street Journal Fed watcher asks on FOMC rate cut next week – Start small or big?
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Nick Timiraos in magazine (Closed) Writes about the Federal Reserve’s questions about whether it should cut interest rates by the traditional 0.25 percentage point or by a larger 0.5 percentage point at next week’s meeting. He says: Powell kept all his options open. The Fed is concerned about keeping interest…
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Wall Street indexes close up; data keeps smaller Fed rate cut in view By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes closed higher on Thursday after the latest inflation data boosted expectations for a 25 basis point interest rate cut by the U.S. Federal Reserve, while accident (NASDAQ:) Weak revenue expectations made it the biggest percentage loser. The producer…
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WSJ Timiraos: Fed has a rate cut dilemma. Go big or go small
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The Wall Street Journal published an article by Timiraos analyzing the upcoming Fed rate decision. The title of the article says it all, as the author describes the decision as a dilemma. Should the Fed make a big or small decision (or 25 basis points or 50 basis points). Some…
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Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut By Investing.com
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Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar strengthened after a strong reading on U.S. consumer inflation dashed hopes that the Federal Reserve would cut interest rates by a large margin. Weak inflation data from Japan weighed on the yen, pushing the currency back from…
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Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
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The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…
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Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
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The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…
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BOJ’s Tamura says expects a gradual path for interest rate hikes
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Bank of Japan Board Member Naoki Tamura delivers a speech. Japan’s neutral interest rate is likely to be around 1% at least. The road to ending the easing policy is still very long We will carefully consider the pros and cons of getting out of the easy policy. Short-term interest…
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BOJ’s Tamura says expects a gradual path for interest rate hikes
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Bank of Japan Board Member Naoki Tamura delivers a speech. Japan’s neutral interest rate is likely to be around 1% at least. The road to ending the easing policy is still very long We will carefully consider the pros and cons of getting out of the easy policy. Short-term interest…
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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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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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Citi are forecasting two 50bp interest rate cuts from the US Federal Reserve
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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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S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – U.S. stocks closed higher on Wednesday, lifted by technology shares, offsetting investor disappointment in an early-morning inflation report that dampened hopes the Federal Reserve will cut interest rates by 50 basis points next week. The S&P 500 technology index fell, but rose…
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Reuters Poll: BOE to cut bank rate by 25 basis points one more time this year
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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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PBOC is expected to set the USD/CNY reference rate at 7.1198 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…
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Last Fed rate cut sent Cardano crashing 57% – what about now?
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Cardano dropped 57% when the Federal Reserve cut interest rates in 2019. With another rate cut on the horizon, the cryptocurrency is facing a similar setup that could lead to a significant decline. Cardano Prepares for a Decline in September In May 2019, the Fed began its first interest rate…
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Wall Street stocks fall; jobs data feeds uncertainty about rate cuts By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – U.S. stocks fell on Friday, pressured by a jobs report that showed the labor market remained sluggish but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three major indices fell, with all 11 sectors of…