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Fed to keep 50bps cut option in back pocket as economy isn’t calling for rescue

Federal Reserve Expected to Keep 50 Basis Point Rate Cut Option on the Table Amid Economic Slowdown The Federal Reserve is likely to maintain the possibility of a 50 basis point rate cut as a fallback option, as the slowing U.S. economy increasingly calls for more aggressive rate cuts, according to analysts at Capital Economics. […]

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wall street

US stock futures steady with inflation, rate cuts in focus

U.S. Stock Index Futures Hold Steady as Investors Await Inflation Data and Rate Decisions U.S. stock index futures remained in a narrow range during Monday evening trading, following Wall Street’s recovery from last week’s sharp declines. Investors now shift their focus to upcoming inflation data, seeking more insight into potential interest rate moves. Last week

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China’s consumer prices rise in August, PPI stuck in deflation

China’s Consumer Inflation Rises in August, Driven by Weather-Related Food Price Increases China’s consumer inflation surged in August, reaching its fastest pace in six months. However, the rise was largely driven by higher food costs due to weather disruptions rather than a recovery in domestic demand, as producer price deflation continued to worsen. The slow

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Dollar steadies, yen slips as traders grapple with Fed rate-cut outlook

The U.S. dollar regained some of its recent losses on Monday, while the Japanese yen scaled back its safe-haven gains. Investors, still uncertain about the extent of an expected Federal Reserve rate cut later this month, shifted focus to this week’s U.S. inflation data for further guidance. In China, data revealed that consumer prices accelerated

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The Fed will use the media to prepare the ground

Investors should remain vigilant as the Federal Reserve (Fed) increasingly uses media channels to communicate its policy intentions and prepare markets for potential changes in monetary policy. This strategy is becoming crucial for managing market expectations, particularly during times of economic uncertainty. According to analysts at Evercore ISI, the Fed is likely to signal upcoming

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US economy is slowing, but still has momentum, former official says

The U.S. economy is experiencing a slowdown, but it still retains some momentum, according to former Treasury Secretary Robert Rubin. Speaking at the Bund Summit in Shanghai on Thursday, Rubin stated that the U.S. Federal Reserve’s current actions are appropriate for the situation. However, he cautioned that former President Donald Trump presents several risks to

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obic

Oil prices edge up as OPEC+ may delay supply hike, US stockpiles fall

Oil prices rebounded slightly after reaching multi-month lows, as expectations grew that major producers might delay a planned output increase for the upcoming month, and U.S. oil inventories showed a decline. However, gains were limited due to ongoing concerns about weak demand. Brent crude futures for November rose by 15 cents, or 0.1%, to $72.85

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biden

Biden close to blocking Nippon Steel deal to buy U.S. Steel, sources say

The White House is reportedly nearing an announcement that President Joe Biden will block Nippon Steel’s acquisition of U.S. Steel due to national security concerns, according to two sources familiar with the situation. The $14.9 billion deal, which has faced increasing bipartisan opposition, could potentially be halted later this week. U.S. Steel had previously warned

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