Interest Rates
India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor. His comments come shortly after data showed India’s gross domestic product slowed […]
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It’s a big week for central banks around the world, with a slew of rate moves on the table
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate moves […]
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CNBC Daily Open: After the Fed’s first cut, where to next?
The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Thursday, Sept. 12, 2024. Stefani Reynold | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Strong case for 50 basis point Fed rate cut, says former NY Fed chief Dudley
Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. Ashlee Espinal | Reuters Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. “I […]
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European Central Bank poised to resume its rate-cutting cycle: Live updates
ECB likely to reduce rates in September — but no further cuts expected this year, economist says The big question for many market participants on Thursday is not whether the European Central Bank will cut interest rates — but what comes next. “I think that it is broad consensus not only among economists but also […]
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Consumer prices rose 0.2% in August as annual inflation rate hits lowest since early 2021
Prices increased as expected in August while the annual inflation rate declined to its lowest level since February 2021, according to a Labor Department report Wednesday that sets the stage for an expected quarter percentage point rate cut from the Federal Reserve in a week. The consumer price index, a broad measure of goods and […]
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Two key inflation reports this week will help decide the size of the Fed’s interest rate cut
People shop at a store in Brooklyn on August 14, 2024 in New York City. Spencer Platt | Getty Images The Federal Reserve gets its last look this week at inflation readings before it will determine the size of a widely-expected interest rate cut soon. On Wednesday, the Labor Department’s Bureau of Labor Statistics will […]
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Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says
Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images The U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets, an analyst has suggested, as opinion on the central bank’s forthcoming meeting remains hotly divided. Michael Yoshikami, CEO of Destination Wealth Management, said Monday that […]
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ETFs are on pace to break record annual inflows, but this wild card could change it all
ETF Edge ETFs are on pace to break record annual inflows, but this wild card could change it all Published Sat, Sep 7 202411:00 AM EDT Natalie Zhang@nat_zhang WATCH LIVE Source
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Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big
Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going “too far, too fast” with monetary policy tightening and making the inflation problem worse. His comments come ahead of Friday’s pivotal release of U.S. jobs data, with investors […]
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