monetary-policy
InvestingFTSE Indexes Slide to Near Three-Month Lows on Budget Angst
TradingYen Firms After Less Dovish Boj, Dollar Dips Ahead of Inflation Data
Top StoriesGlobal Economy Set to Cruise at a Solid 3% Growth Rate Next Year
Top StoriesInflation-Boosting UK Budget Hits Bets on Bank of England Rate Cuts
Stocks Slip as Big Tech Gloom Mixes With Pre-Election Jitters
Date: October 31, 2024
By Amanda Cooper LONDON (Reuters) -Global shares fell on Thursday, after Facebook owner Meta Platforms and Microsoft both warned of rising costs for artificial intelligence, while evidence of strong U.S. economic growth helped support the dollar. Big Tech’s warnings stoked worries among investors that the pay-off for heavy spending on AI may take longer than...
ECB Does Not Need to Stimulate Economy, Schnabel Says
Date: October 31, 2024
FRANKFURT (Reuters) -European Central Bank board member Isabel Schnabel pushed back on Wednesday against calls for ultra-easy monetary policy, arguing that inflation was unlikely to ease below its 2% target so gradual rates cuts remained appropriate. Policy doves, mostly from the euro zone’s south, raised concern last week that inflation could fall too far and...
Euro Zone Grows Quicker Than Expected but Outlook Remains Weak
Date: October 30, 2024
By Balazs Koranyi FRANKFURT (Reuters) -The euro zone economy grew faster than expected last quarter but threats of oversized tariffs from a potential Trump presidency, escalating trade tensions with China and muted consumer confidence are keeping the outlook weak. Gross domestic product in the 20 countries sharing the euro grew by 0.4% in the third...
US Dollar Rally Pauses Before Jobs Data, Aussie Falls on Rba Outlook
Date: October 30, 2024
By Kevin Buckland TOKYO (Reuters) -The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar slipped to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely...
Dollar Profits From Japan Political Uncertainty, Data and US Election in Focus
Date: October 29, 2024
By Laura Matthews and Amanda Cooper NEW YORK/LONDON (Reuters) -The dollar hit three-month highs against the yen on Tuesday, but was little changed on the day against most majors as traders bided their time ahead of next week’s U.S. election and a slew of incoming economic data. The loss of a parliamentary majority for Japan’s...
Thai Government, Central Bank to Keep Inflation Target for 2025
Date: October 29, 2024
By Kitiphong Thaichareon and Orathai Sriring BANGKOK (Reuters) -Thailand’s government has agreed with the central bank to maintain the current 1% to 3% inflation target for 2025, in return for assurances the bank will support its fiscal policy and help jumpstart growth, the finance minister said on Tuesday. The central bank has insisted the present...