Former Official: China Has Room to Cut Reserve Ratio Instead of Interest Rates

According to state-owned media, a former central banker predicts that China will likely implement a proactive fiscal policy next year to maintain stable economic growth for the world’s second-biggest economy. The economy has been struggling to regain momentum after prolonged pandemic-related restrictions, and concerns have arisen about potential debt issues among major property developers affecting …

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Speculating on the End of Fed Rate Hikes and the Potential Start of Cuts

Federal Reserve Chair Jerome Powell sent a renewed caution to investors who expect the Fed to halt rate hikes and transition to cutting interest rates. He emphasized that the central bank needs more proof that inflation is on track to reach the Fed’s 2% target. Jerome Powell, chairman of the Federal Reserve. (Photo by Celal …

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Federal Reserve Chair Powell Dismisses Rate Cut Talks as ‘Premature’ and Suggests Potential for More Hikes

Federal Reserve Chairman Jerome Powell on Friday downplayed aggressive interest rate cuts, hailing their premature declarations as confounding, adding it’s too soon to speculate when policy might ease. Powell in his speech said that the current inflation levels are still “well above” the central bank’s goal, refuting any notion of a sufficiently restrictive stance achieved. …

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Record High Japan Price Trend Gauge Raises Urgency for BOJ Exit Strategy

By Leika Kihara In a fresh indication of growing price pressure, a key measure of Japan’s trend inflation surged to 2.2% in October, setting a new record high. The data, revealed on Tuesday, underscores the need for the central bank to scale back its massive monetary stimulus. Recent trends point to sustained wage increases leading …

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Tesla Sentiment Sours, Deepening Green Stock Selloff

(Bloomberg) — Survey results from Bloomberg’s new Markets Live Pulse show that the recent selloff in green stocks is expected to continue into 2024, marking a fourth consecutive year of losses. Negative sentiment is predicted to impact a wider range of green asset classes, with Tesla Inc. at risk of losing its position among the …

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Economic Update: Inflation Gauges Hit 2021 Lows, Hinting at End to Interest Rate Hikes

(Bloomberg) — US and euro zone inflation gauges are anticipated to reveal the smallest annual increases since early or mid-2021, solidifying the belief that interest rates won’t be hiked again. Expected on Thursday, the Federal Reserve’s preferred measures will show the personal consumption expenditures price index rising 3.1% from a year ago in October. Meanwhile, …

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