News
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German inflation slows slightly to 2.3% in October
BERLIN, Oct 30 (Reuters) - German inflation slowed slightly to 2.3% year on year in October, preliminary data from the federal statistics office showed on Thursday. Analysts polled by Reuters had forecast EU-harmonised inflation slowing to 2.2% from last month's 2.4%.Reuters
Thu, Oct 30
US Treasury's Bessent says Fed's language shows they are 'stuck in the past'
WASHINGTON, Oct 30 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday applauded the Federal Reserve's decision to cut interest rates by a quarter percentage point, but said comments casting doubt on another rate cut this year showed the institution needed a major revamp.Bessent told F...Reuters
Thu, Oct 30
Euro zone bond yields rise to almost three-week high after bloc GDP data
By Joice Alves LONDON, Oct 30 (Reuters) - Euro zone bond yields rose on Thursday after data showed that the bloc's economy grew more than expected in the third quarter, giving traders even more conviction that the European Central Bank will leave rates unchanged. Data showed on Thursday th...Reuters
Thu, Oct 30
Mexican economy down 0.3% in third quarter, preliminary data shows
Oct 30 (Reuters) - Mexico's economy contracted 0.3% in the third quarter from the previous three-month period, a preliminary estimate from national statistics agency INEGI showed on Thursday, in line with forecasts from economists polled by Reuters.Compared with the same period a year earlier, t...Reuters
Thu, Oct 30
ANALYSIS-Japanese automakers may import some of their own US-built cars, in move aimed at Trump
Japanese automakers consider reverse imports to ease US trade tensionsReverse imports seen as symbolic, not economically impactfulGovernment help needed to harmonize safety standards for importsBy Daniel Leussink, Aditi Shah and Maki Shiraki TOKYO, Oct 30 (Reuters) - Japanese automakers are consi...Reuters
Thu, Oct 30
US Treasury's Bessent says Fed's language shows they are 'stuck in the past'
WASHINGTON, Oct 30 (Reuters) - U.S. Treasury Secretary Scott Bessent on Thursday applauded the Federal Reserve's decision to cut interest rates by a quarter percentage point, but said comments casting doubt on another rate cut this year showed the institution needed a major revamp.Bessent told F...Reuters
Thu, Oct 30
Euro zone growth beats forecasts as France outperforms
By Balazs Koranyi FRANKFURT, Oct 30 (Reuters) - The euro zone economy grew a touch more quickly than expected in the third quarter, lifted by buoyant growth in France and Spain that more than offset faltering exports and persistent struggles in Germany's oversized industrial sector. The econo...Reuters
Thu, Oct 30
FOMC Watch: December is far from a foregone conclusion – ABN AMRO
The FOMC lowered its policy rate by 25 bps to the 3.75-4.00% range. There were two dissents, with Miran favouring a half-point cut, and Schmid favoring no cut. The Schmid dissent came as a surprise, and likely reflects wider disagreement and uncertainty going forward.Fxstreet
Thu, Oct 30
