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Fed's Miran says renewed U.S.-China trade tensions pose new risk to growth outlook - CNBC
WASHINGTON, Oct 15 (Reuters) - The renewed trade tensions between the U.S. and China pose new downside risks to the economic outlook, giving more urgency to the Federal Reserve's need to cut its benchmark interest rate, Federal Reserve Governor Stephen Miran said on Wednesday."We have to rec...Reuters
Wed, Oct 15
Fed’s Miran: The economy is more vulnerable to shocks because policy is restrictive
Federal Reserve Governor Stephen Miran spoke at a televised interview on CNBC on Wednesday. He said that there is now more downside risk than there was a week ago, and that with the shift in the balance of risk, it is more urgent to move towards a more neutral policy.Fxstreet
Wed, Oct 15
Brazil retail sales rebound in August after four straight declines
SAO PAULO, Oct 15 (Reuters) - Retail sales volumes in Brazil rose 0.2% in August from July, data from government statistics agency IBGE showed on Wednesday. The result was in line with analysts' expectations and broke a streak of four consecutive monthly declines, despite the backdrop of ti...Reuters
Wed, Oct 15
Bank of Mexico's Heath cautious about rate cuts due to inflation concerns
MEXICO CITY, Oct 15 (Reuters) - Mexican central bank deputy governor Jonathan Heath advocated for the institution to hold a more cautious position when it comes to cutting the benchmark interest rate because of inflation concerns, he said in an interview published Wednesday. Heath was the only membe...Reuters
Wed, Oct 15
IMF says UK government should keep twice-yearly economic forecasts
WASHINGTON, Oct 15 (Reuters) - Britain's government should continue to ask its Office for Budget Responsibility to produce twice-yearly economic forecasts but only assess compliance against budget rules once a year, the International Monetary Fund said on Wednesday.The OBR currently produces twi...Reuters
Wed, Oct 15
US retail sales excluding autos likely increased again in September, Chicago Fed says
WASHINGTON, Oct 15 (Reuters) - U.S. retail sales excluding motor vehicles and parts likely posted further gains in September, data from the Chicago Federal Reserve showed on Wednesday, though part of the rise probably reflected higher prices.The Chicago Fed Advance Retail Trade Summary estimated tha...Reuters
Wed, Oct 15
US deficit-to-GDP ratio has room to come down, Bessent says
Oct 15 (Reuters) - The U.S. deficit-to-gross domestic product ratio has room to come down to the 3% range, Treasury Secretary Scott Bessent said on Wednesday."The deficit-to-GDP, which is the important number, now has a five in front of it," Bessent said at a CNBC event held on the sidelines...Reuters
Wed, Oct 15
IMF sounds alarm about high global public debt, urges countries to build buffers
Global public debt seen reaching post-World War Two high in 2029IMF calls for moves to reduce budget deficitsBorrowing more expensive now, demands for spending are high, IMF official saysBy Andrea Shalal WASHINGTON, Oct 15 (Reuters) - Global public debt is projected to rise above 100% of gross do...Reuters
Wed, Oct 15
BoE policy bets steady as November cut expectations fade – Rabobank
As has been the case since August, the market no longer expects the BoE to cut rates at the November policy meeting. Currently market implied policy rates suggest that 2 bps of easing is expected on a 1-month view and 12 bps in 3 months, Rabobank's FX analyst Jane Foley reports.Fxstreet
Wed, Oct 15
USD/CNH: Likely to trade in a range between 7.1300 and 7.1450 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1300 and 7.1450. In the longer run, USD is expected to trade in a range between 7.1200 and 7.1550, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Oct 15
RPT-BREAKINGVIEWS-EU's China tech transfer plan could backfire
By Katrina Hamlin HONG KONG, Oct 15 (Reuters Breakingviews) - Brussels risks overplaying its hand with China Inc. The European Union is mulling mandating companies to share technology and know-how in exchange for the opportunity to invest in the region, the EU trade chief and Denmark's foreig...Reuters
Wed, Oct 15
Conflict-affected states to get more support on deal-making, disputes
g7+ launches Rapid Response Advisory Centre for urgent national matters and negotiationsCentre offers free immediate support, later external advisory for resource and infrastructure talksDeveloping nation members of g7+ hold significant global reserves of copper, cobalt, lithium, goldBy Simon Jessop...Reuters
Wed, Oct 15
China September bank loans rise less than expected as weak credit demand persists
Sept yuan loans at 1.29 trln yuan, vs 590 bln yuan in AugSeasonal factors bolster data but credit demand still weakGovt bond issuance expect to continue slowing, impacting TSFBy Kevin Yao and Liz Lee BEIJING, Oct 15 (Reuters) - China's new bank loans rose less than expected in September, lar...Reuters
Wed, Oct 15
