News
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Fed's Collins: Strong equity markets boost household wealth and have buoyed consumption
NEW YORK, Sept 30 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Tuesday the strong stock market underpins her expectation that growth should be healthy going forward.The robust performance of company shares is “part of the stronger consumption that we've been seeing rec...Reuters
Tue, Sep 30
Fed's Collins says tariffs creating less inflation than expected
NEW YORK, Sept 30 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Tuesday she’s less worried about tariff-related inflation risks.“While I do expect tariffs to continue feeding through, I'm no longer expecting as large an impact as I had some months ago,” Collins said at ...Reuters
Tue, Sep 30
FACTBOX-Top brokerages eye consecutive Fed rate cuts after policy meeting
September 30 (Reuters) - Major brokerages reiterated their stance that the U.S. Federal Reserve will cut rates by 25 basis points at each of its two upcoming meetings this year following the U.S. central bank's widely anticipated quarter-point reduction. Standard Chartered became the latest b...Reuters
Tue, Sep 30
German inflation rises in September to highest level since February
German inflation rises to 2.4% in September, exceeding expectationsEuro zone inflation expected to riseCore inflation in Germany remains persistentBy Maria Martinez BERLIN, Sept 30 (Reuters) - German inflation accelerated more than expected in September, rising for a second consecutive month and ...Reuters
Tue, Sep 30
Chinese automakers' foreign investment tops domestic spending for first time, data shows
Chinese EV makers invested more abroad than at home for first time in 2024Domestic spending dropped 84% in 2024 from 2022 peak, Rhodium Group data showsChinese automakers focussing on Asia, MENA regionBy Joe Cash BEIJING, Sept 30 (Reuters) - Chinese electric car makers invested more abroad than a...Reuters
Tue, Sep 30
Fed's Collins notes openness to cutting rates again depending on data
Fed's Collins supports Fed's recent rate cut amid inflation and labor market risksCollins says policy should still lean into lowering inflation Collins sees benign economic outlook, expects inflation to gradually return to targetBy Michael S. DerbyNEW YORK, Sept 30 (Reuters) - Federal Reser...Reuters
Tue, Sep 30
Kuwait draws strong demand for three-part US dollar bond sale
By Rachna Uppal ABU DHABI, Sept 30 (Reuters) - Kuwait, a top oil producer, attracted substantial demand for its three-part bond offering on Tuesday, indicating strong investor appetite for the state's first sovereign U.S. dollar issue since 2017. Orderbooks for the 3-year, 5-year a...Reuters
Tue, Sep 30
India's trade pact with EFTA bloc to take effect from Wednesday
By Manoj Kumar NEW DELHI, Sept 30 (Reuters) - India's trade pact with four European nations, including Switzerland and Norway, will take effect from Wednesday, boosting exports of textiles, leather and food products while attracting investments, a government statement said.Under the Trade and...Reuters
Tue, Sep 30
Fed's Jefferson says he has not considered whether to remain as governor after vice chair term ends
Jefferson's VC term ends in 2027, governor term not until 2036Biden appointee says decision is one for the futureTrump could wait as late as 2028 for a fourth Fed appointeeBy Anne Kauranen and Howard Schneider HELSINKI, Sept 30 (Reuters) - U.S. Federal Reserve vice chair Philip Jefferson, a p...Reuters
Tue, Sep 30
Brazil's public finances outperform expectations in August
BRASILIA, Sept 30 (Reuters) - Brazil's public finances performed better than expected in August, with debt levels remaining stable and the primary deficit coming in below forecasts, central bank data showed on Tuesday.The gross public sector debt of Latin America's largest economy stood at 7...Reuters
Tue, Sep 30
WRAPUP 1-Euro zone inflation data points to uptick on slower energy price fall
By Balazs Koranyi FRANKFURT, Sept 30 (Reuters) - Inflation accelerated in the euro zone's biggest economies this month, suggesting that overall price growth also ticked up across the 20 nation bloc, further easing pressure on the ECB to lower borrowing costs. The ECB cut its key rate by 2 per...Reuters
Tue, Sep 30
German inflation rises more than expected in September
BERLIN, Sept 30 (Reuters) - German inflation rose more than expected to 2.4% in September, preliminary data from the federal statistics office showed on Tuesday. Analysts polled by Reuters had forecast EU-harmonised inflation increasing to 2.2% from last month's 2.1%.Reuters
Tue, Sep 30
Brazil's public sector gross debt steady in August
BRASILIA, Sept 30 (Reuters) - Brazil's public sector gross debt stood at 77.5% of gross domestic product (GDP) in August, central bank data showed on Tuesday, unchanged from the previous month, while economists polled by Reuters expected it to rise to 78% of GDP.The public sector recorded a prim...Reuters
Tue, Sep 30
