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Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation

Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. "The Fed is not going to be able to do that," said Rafael Boucek, president…

RBNZ expected to cut cash rate by at least another 50 bps before year-end – poll

23 out of 25 economists expect interest rates to be cut by 25 basis points next OctoberOf the remaining two banks, one expects a 50 basis point rate cut and the other expects no change.23 out of 25 economists expect the Reserve Bank of New…

Australia’s Jobless Rate Rose to a Two-And-A-Half-Year High, but Other Components Showed Underlying…

Australian Bureau of Statistics data showed that Australia's seasonally adjusted unemployment rate rose from 4.1% to 4.2% in July. This is the highest level since February 2022! However, the components of the report actually point to a…

It’s the MLF day in China – No rate cut expected from the People’s Bank of China

The People's Bank of China sets the medium-term lending facility rate on the 15th of each month. The rate is currently 2.3%, after the People's Bank of China made a surprise interest rate cut on the 25th of last month!There is a widespread…

Australian jobs report due 15 August 2024, the unemployment rate will not be 10.1%

The Australian labour market report is due at 11.30am Sydney time.0130 GMT2130 EST (Wednesday)The unemployment rate is expected to remain steady at 4.1%. Yesterday, a special study conducted by Roy Morgan published its unemployment report…

Dollar sags after benign US inflation data; kiwi skids on rate cut By Reuters

By Kevin Buckland TOKYO (Reuters) - The dollar remained lower on Wednesday after falling against its major peers overnight as a strong U.S. producer price reading bolstered bets the Federal Reserve will cut interest rates this year. The…

RBNZ Surprised With A 25bps Rate Cut As A “Reasonable First Step” Amidst Cooler Inflation And Slower…

The New Zealand Dollar fell sharply earlier today, and no, it's not because your trading platform suffered from a "Massive DDoS attack." A few hours ago, the Reserve Bank of New Zealand surprised the markets with Official interest rate…

Asia FX gains as dollar dips ahead of CPI data; Kiwi battered by rate cut By Investing.com

Most Asian currencies rose on Wednesday, while the dollar fell after a weak reading on U.S. producer inflation raised hopes that a similar easing in consumer inflation would lead to deeper interest rate cuts. The New Zealand dollar was an…

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