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Goolsbee Hints at Cautious Approach to Future Fed Rate Cuts
1732220018 from GOLDSILVER
Chicago Fed President Austan Goolsbee supports further interest rate cuts but suggests a slower pace may be appropriate. The Fed faces a debate on the speed and extent of rate reductions, with some officials concerned about stalled inflation progress and others worried about labor market cooling. Uncertainty surrounding President-elect Trump's policies adds complexity to the decision-making process. The upcoming December Fed meeting will be crucial in determining the next steps for monetary policy.
Pimco Sees Treasuries at ‘Very Attractive’ Levels of Yields
1732217228 from BLOOMBERG
Erin Browne, portfolio manager for multi-asset strategies at Pacific Investment Management Co. (Pimco), says US government bonds are a good investment following the recent surge in yields and the prospect of more Federal Reserve interest-rate cuts. (Source: Bloomberg)
Fed’s Goolsbee: Neutral Rate Long Way Below Where We Are
1732216333 from BLOOMBERG
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” but policymakers will eventually need to figure out where the neutral rate is, noting it’s “a long way below where we are right now.” Goolsbee spoke at a moderated Q&A event in Indianapolis on Thursday.
Fed's Goolsbee: It may make sense to slow pace of Fed rate cuts
1732210740 from FXSTREET
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit newswires on Thursday, commenting on the future pace of Fed rate cuts in the face of inflation that is ostensibly on its way to the Fed's 2% target.
Fed’s Goolsbee Sees Rates a ‘Fair Bit Lower’ Over Next Year
1732209900 from BLOOMBERG
Federal Reserve Bank of Chicago President Austan Goolsbee said he sees interest rates moving “a fair bit lower,” while expressing confidence inflation is easing toward the central bank’s objective alongside a solid labor market.
US Dollar steady after Jobless Claims opens door for Fed easing in December
1732202745 from FXSTREET
The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.
USD/INR rises as weak local equities drag Indian Rupee to all-time low
1732172280 from FXSTREET
The Indian Rupee (INR) extends its decline on Thursday. The heightened geopolitical tensions and market reactions due to Donald Trump’s victory in the US presidential elections drag the local currency lower.
Fed’s Williams sees inflation cooling and interest rates falling further
1732170360 from FXSTREET
In a Barron’s interview published on Thursday, New York Federal Reserve Bank (Fed) President John Williams said that he “sees inflation cooling and interest rates falling further.” He further noted that “2% is the rate that can best balance the central bank’s employment and price stability goals.” .
EUR/JPY Price Forecast: Bears have the upper hand while below 200-period SMA on H4/164.00
1732162071 from FXSTREET
The EUR/JPY cross meets with a fresh supply following the previous day's good two-way price swings and trades around the mid-163.00s during the Asian session on Thursday, down 0.20% for the day.
Fed’s Collins Says More Rate Cuts Are Needed
1732141387 from BLOOMBERG
Federal Reserve Bank of Boston President Susan Collins says more interest-rate cuts are needed, but policymakers should proceed carefully. She speaks at the University of Michigan’s Gerald R. Ford School of Public Policy in Ann Arbor.
Japan Union Wants Ishiba to Step Up Wage Hike Efforts
1732138212 from BLOOMBERG
The head of Japan’s largest labor union is calling for Prime Minister Shigeru Ishiba’s government to accelerate efforts to boost wages, especially for workers at small firms, as they seek to achieve stronger results for next year’s pay negotiations. Rengo President Tomoko Yoshino spoke to Bloomberg's Shery Ahn in an exclusive interview in Tokyo. (Source: Bloomberg)
Japan Union Chief Calls for Ishiba to Step Up Wage Hike Efforts
1732136400 from BLOOMBERG
Japan’s largest labor union chief is calling for Prime Minister Shigeru Ishiba’s government to accelerate efforts to boost wages, especially for workers at small firms, as they seek to achieve stronger results for next year’s pay negotiations.
Bowman Urges Fed to ‘Proceed Cautiously’ on Further Cuts
1732126165 from BLOOMBERG
Federal Reserve Governor Michelle Bowman said, “I would prefer to proceed cautiously in bringing the policy rate down to better assess how far we are from the end point,” because progress in reducing inflation has slowed. Bowman spoke Wednesday to the Forum Club of the Palm Beaches in West Palm Beach, Florida.
Fed's Cook: Could see a pause on rate moves if inflation progress slows
1732120698 from FXSTREET
Federal Reserve (Fed) Board of Governors member Lisa Cook noted on Wednesday that while she views the overall economic outlook within the US as fairly balanced, the Fed might get forced into a pause on rate cuts if inflation progress slows down while employment remains solid.
US Dollar touch higher on Wednesday with markets on edge over Nvidia
1732112257 from FXSTREET
The US Dollar (USD) has a very calm Wednesday and recovers further into the US trading session, with the DXY Index trading around 106.5, as market sentiment turns risk-on ahead of the Nvidia earnings release after the US closing bell. Overnight
Economists Predict Fed Rate Cut, but Inflation Risks May Slow 2025 Reductions
1732112179 from GOLDSILVER
Economists predict a Federal Reserve rate cut in December, followed by a slower pace of reductions in 2025 than previously expected1. This shift is attributed to potential inflationary pressures from President-elect Trump's proposed policies, including tariffs and tax cuts. Despite strong economic indicators and stubborn inflation, most economists still anticipate a 25 basis point cut next month, though market expectations have become less certain.
GBP/JPY gains a lift after UK consumer price data and fall in safe-haven flows
1732109470 from FXSTREET
GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank interest rate at a relatively high 4.75% at its December policy meeting, and take a gradual approach to cutting interest rates in the future.
US dollar exchange rate reaches 12,900 UZS mark in commercial banks.
1732105256 from BANKING
… ,900 UZS in several commercial banks across Uzbekistan, reflecting fluctuations in … data released on November 20, banks have set the dollar buying … rates announced by some commercial banks include: Turonbank and Poytaxt Bank …
Fed policymakers set to comment on policy outlook after Chairman Powell sets the tone
1732103705 from FXSTREET
Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.
Japan PM vows to include tax cuts for crypto in stimulus package
1732097512 from CryptoNWS
Japan Prime Minister Shigeru Ishiba promises to include discussions of tax cut proposals from the opposition party in his economic stimulus package, involving tax cuts for gasoline and crypto assets. According to a Bloomberg report published on Nov. 20, Ishiba…
US Not Screaming for Stimulus says Citi Chief Economist
1732096660 from BLOOMBERG
The US economy "categorically" does not require rate cuts, says Citi Chief Global Economist Nathan Sheets. "It is not screaming stimulate me right now", he argues. Sheets expressed concern about President-elect Donald Trump's tariff proposals, warning "there are scenarios where you have significant upside pressure on prices." "The jury is still out," on the exact nature of the future administration's economic agenda, he says. (Source: Bloomberg)
Bridgewater Says Trump May Pick More Accommodating Fed Chief
1732090392 from BLOOMBERG
President-elect Donald Trump’s policies on tariffs, fiscal stimulation and immigration will likely push the US toward missing its 2% inflation target, Bridgewater Associates Co-Chief Investment Officer Bob Prince said on Wednesday.