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  • Aug 19, 2024

Fed's Kashkari says appropriate to debate Sept rate cut, WSJ reports

"The balance of risks has shifted, so the debate about potentially cutting rates in September is an appropriate one to have," Kashkari told the Journal in an interview. Kashkari's comments come after St. Louis Fed President Alberto Musalem and Atlanta Fed President Raphael Bostic made remarks that gravitated toward an interest rate cut next month.

  • Aug 19, 2024

Fed's pandemic-era vow to prioritize employment may soon be tested

Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness, mounting evidence inflation is under control, and a benchmark interest rate that is still the highest in a quarter of a century. High interest rates may be on the way out, with the U.S. central bank expected to deliver a first cut at its Sept. 17-18 meeting and Powell potentially providing more information about the approach to the policy easing in a speech on Friday at the Kansas City Fed's annual conference in Jackson Hole, Wyoming. But with the Fed's policy rate in the 5.25%-5.50% range for more than a year, the impact of relatively high borrowing costs on the economy may still be building and could take time to unwind even if the central bank starts cutting - a dynamic that could put hopes for a "soft landing" of controlled inflation alongside continued low unemployment at risk.

  • Aug 19, 2024

Asian stocks are mixed after Wall Street's best week of the year

Asian stocks were mixed Monday as investors ponder the upcoming meeting of the Federal Reserve, following Wall Street's best week since November with a slight uptick in U.S. stocks Friday. U.S. futures were higher while oil prices dropped. Japan’s benchmark index ended 1.8% lower at 37,388.62 after data showed the core machinery orders, which are used as a leading indicator of capital spending in the coming six to nine months, fell 1.7% year on year in June.

  • Aug 19, 2024

European Stocks Tread Water After Gaining in Best Week Since May

(Bloomberg) -- European stocks marked a subdued start to Monday following last week’s sharp rally, as investors awaited further clues on the US economy from the Federal Reserve’s Jackson Hole economic symposium.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Floating Island in Baltimore Raises Hope for a Waterfront RevivalA Warehouse Store Promises Housing for South LA, in BulkThe Cross-Continental Race Usin

  • Aug 19, 2024

Getting onboard rail market liberalisation

Laure El Mhadder, Electronics sales director Electronics, and Alain Gorrec, integration advisor, Milexia France, examine the opportunities that arise from rail market liberalisation.

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