News
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Fed rate cut bets rise after inflation rose less than expected in September
Oct 24 (Reuters) - Traders added to bets the Federal Reserve will deliver two more quarter-point interest rate cuts this year, including one next week, after a U.S. government report showed consumer inflation rose a little less than expected last month. Futures contracts that settle to the Fed's...Reuters
Fri, Oct 24
BREAKINGVIEWS-Extended data blackout threatens to vex Fed policy
By Gabriel RubinWASHINGTON, Oct 23 (Reuters Breakingviews) - Fresh evidence will soon be available about the comparative value of contradictory data versus none at all. A statistical blackout during the U.S. government shutdown is leaving investors and other consumers of top-notch national labor inf...Reuters
Fri, Oct 24
USD/CNH: Likely to trade between 7.1220 and 7.1320 – UOB Group
US Dollar (USD) is likely to trade between 7.1220 and 7.1320. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 24
RPT-BREAKINGVIEWS-Extended data blackout threatens to vex Fed policy
By Gabriel RubinWASHINGTON, Oct 23 (Reuters Breakingviews) - Fresh evidence will soon be available about the comparative value of contradictory data versus none at all. A statistical blackout during the U.S. government shutdown is leaving investors and other consumers of top-notch national labor inf...Reuters
Fri, Oct 24
US firms grapple with economic divide as lower income struggles mount
Companies catering to low-income consumers face sales, profit challengesCredit markets shaken by bankruptcies of lenders to low-income consumersAffluent consumers remain resilient, driving overall spending despite inflationBy Juveria Tabassum and Niket Nishant Oct 24 (Reuters) - U.S. companies a...Reuters
Fri, Oct 24
POLL-Bank of Canada to cut interest rate once more on October 29, say economists
reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/cb-polls?RIC=CABOCR%3DECI BoC poll datareuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=CAGDPQQP poll dataBy Indradip Ghosh BENGALURU, Oct 24 (Reuters) - The Bank of Canada will reduce its overnight interest rate by 25 ba...Reuters
Fri, Oct 24
When is the US flash S&P Global PMI and how could it affect EUR/USD?
The preliminary United States (US) S&P Global Purchasing Managers’ Index (PMI) data for October is due for release today at 13:45 GMT. The report is expected to show that the overall business activity in the private sector grew at a moderate pace.
Fxstreet
Fri, Oct 24
Cost-of-living worries haunt Americans ahead of midterms, Reuters/Ipsos poll finds
Healthcare costs are top expense voters want Congress to addressDemocrats seen stronger on healthcare, Republicans on economyStrong support for voter ID and property tax caps among AmericansBy Jason Lange and James Oliphant WASHINGTON, Oct 24 (Reuters) - Americans are worried about the cost of ba...Reuters
Fri, Oct 24
US government shutdown will inflict temporary pain to economy
About 700,000 federal workers furloughed, nearly as many working without payFood stamps at risk in states like New York and Texas if shutdown continuesOxford Economics warns of $800 million daily disruption in federal contract awardsBy Lucia MutikaniWASHINGTON, Oct 24 (Reuters) - A prolonged shutdow...Reuters
Fri, Oct 24
GBP/USD might test the 1.3295 level – UOB Group
Pound Sterling (GBP) could test the 1.3295 level; a sustained drop below this level is unlikely. In the longe run, for a continued decline, GBP must first close below 1.3295, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Fri, Oct 24
