monetary-policy
Top StoriesUS Stocks Flat, Dollar Lower as Traders Brace for Fed Easing
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BankingWith Fed’s Rate Cut at Hand, Debate Swirls Over How Big a Move
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French Central Bank Sees Consumer Gains Easing Budget Pains
Date: September 18, 2024
PARIS (Reuters) – France’s economy is set to gain momentum in the coming two years as lower inflation boosts consumer spending, helping to offset the drag from government belt-tightening, the central bank forecast on Tuesday. The euro zone’s second-biggest economy was set to grow 1.1% this year, the Bank of France said in its...
French Central Bank Sees Consumer Gains Easing Budget Pains
Date: September 17, 2024
PARIS (Reuters) – France’s economy is set to gain momentum in the coming two years as lower inflation boosts consumer spending, helping to offset the drag from government belt-tightening, the central bank forecast on Tuesday. The euro zone’s second-biggest economy was set to grow 1.1% this year, the Bank of France said in its quarterly...
US Stocks, Dollar Rise With Eyes on Fed and Strong Data
Date: September 17, 2024
By Isla Binnie NEW YORK (Reuters) -U.S. stocks followed European peers higher and the dollar firmed on Tuesday, as unexpectedly strong economic data from Washington allayed slowdown fears a day before an expected interest rate cut by the Federal Reserve. Betting increased over the last week that the Fed could cut deeper than previously expected,...
US Dollar Strengthens Ahead of Fed Rate Cut Move
Date: September 17, 2024
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar strengthened against most major currencies on Tuesday following better-than-expected retail sales data that seemed to support a less aggressive stance by the Federal Reserve when it delivers a much expected interest rate cut. Commerce Department data showed on Tuesday that U.S. retail sales unexpectedly rose 0.1%...
US Dollar Hits More Than One-Year Low as Market Eyes Aggressive Fed Rate Cut
Date: September 16, 2024
By Chibuike Oguh and Samuel Indyk NEW YORK/LONDON (Reuters) -The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could deliver a supersized cut to interest rates later this week. The Fed had been widely expected to announce at least a 25-basis-point cut...
ECB Dents Traders’ Hopes for October Rate Cut
Date: September 13, 2024
By Yoruk Bahceli, Naomi Rovnick (Reuters) -Traders pared back their bets on back-to-back rate cuts from the European Central Bank for the rest of the year on Thursday, as policymakers provided little clarity on how willing they were to double down on monetary easing. Sources also told Reuters shortly after the ECB meeting that...