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IMF says Bank of England should be 'very cautious' on future rate cuts
IMF forecasts UK inflation to remain highest in G7IMF chief economist says BoE should be 'very cautious' on ratesFinancial markets do not see next rate cut until March 2026BoE's Bailey says latest job data confirm labour market slowdownIMF sees UK GDP growing 1.3% in 2025 and 2026, above...Reuters
Tue, Oct 14
What to Watch in the Day Ahead - Wednesday, October 15
Bank of America is expected to report a rise in third-quarter profit, as a rebound in big-ticket deals is set to boost performance in its investment banking division. Also, Morgan Stanley is expected to post a rise in third-quarter profit, helped by a rebound in dealmaking that helped its investment...Reuters
Tue, Oct 14
Fed's Powell says economy may be on firmer footing, but job market weak
Powell says Fed taking meeting-by-meeting approach to interest rate cutsFed chief says elevated inflation partly due to impact of tariffsHiring and layoffs remained low through September, he saysPowell says economy may be on 'somewhat firmer trajectory than expected'By Howard Schneider PH...Reuters
Tue, Oct 14
US government shutdown threatens home sales in flood-prone areas, report says
WASHINGTON, Oct 14 (Reuters) - A shutdown of the U.S. government could hinder the accessibility of insurance coverage to prospective homeowners in flood-prone areas, and cost the already struggling housing market billions of dollars in delayed contract closings, data showed on Tuesday.The report fro...Reuters
Tue, Oct 14
IMF says China must shift growth to domestic demand, resolve property crisis
By David Lawder and Andrea Shalal WASHINGTON, Oct 14 (Reuters) - China must rebalance its economic growth model towards domestic demand, which has been weak for some time due to the country's property bust, the International Monetary Fund said on Tuesday, highlighting a message it has long de...Reuters
Tue, Oct 14
BoE’s Bailey: Labor market data backs view of softening labor market
Bank of England (BoE) Governor Andrew Bailey spoke at a fireside chat at the Institute of International Finance Annual Membership Meeting in Washington, DC. In the speech, Bailey claimed that today's labor market data backs his view of a softening labor market.
Fxstreet
Tue, Oct 14
Fed's Powell warns fewer job openings may herald higher unemployment
NEW YORK, Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell warned on Tuesday that a decline in companies looking for workers could create deeper issues for the jobs market.“You're at a place where … further declines in job openings might very well start to show up in unemployment” in terms...Reuters
Tue, Oct 14
REFILE-Fed's Powell says end of balance sheet drawdown may be nearing
By Michael S. Derby Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.Given the central bank’s long-running goal of le...Reuters
Tue, Oct 14
Fed's Powell welcomes and expects active debate between policymakers
Oct 14 (Reuters) - Federal Reserve Chair Jerome Powell said on Tuesday that an active debate on policy issues is a good thing to see at the central bank.“We have a healthy debate going” at the Fed and officials are “giving their absolute best argument for their positions. But they're different p...Reuters
Tue, Oct 14
World needs U.S. engagement for financial stability, ECB's Villeroy says
NEW YORK, Oct 14 (Reuters) - Protectionism is already proving costly for the U.S. consumer and Washington should instead engage with its allies to tackle global issues that threaten financial stability, French central bank governor Francois Villeroy de Galhau said on Tuesday.The Trump administration...Reuters
Tue, Oct 14
Fed's Powell says economy on firmer footing, though low-hiring, low-firing trend continues
Powell says Fed taking meeting-by-meeting approach to interest rate cutsFed chief says elevated inflation partly due to impact of tariffsHiring and layoffs remained low through September, he saysPowell says economy may be on 'somewhat firmer trajectory than expected'By Howard Schneider PH...Reuters
Tue, Oct 14
UK sells 9 billion pounds of new 15-year gilts via syndication
LONDON, Oct 14 (Reuters) - Britain's debt agency said it sold 9 billion pounds ($11.97 billion) of new 15-year gilts on Tuesday as investors showed strong demand for the government bonds.The Debt Management Office said it received more than 128 billion pounds in demand at a syndicated sale of a ...Reuters
Tue, Oct 14
Erosion of trust in central banks can boost inflation expectations, IMF warns
By Andrea Shalal and David Lawder WASHINGTON, Oct 14 (Reuters) - The International Monetary Fund on Tuesday said putting pressure on central banks to lower interest rates "always backfires," warning that erosion of trust in monetary authorities could de-anchor inflation expectations. T...Reuters
Tue, Oct 14
TREASURIES-Yields dip but off lows after IMF report with Powell on deck
IMF report eases economic slowdown concernsInvestors await Powell's comments on monetary policyYields dip on U.S.-China trade tensions By Chuck Mikolajczak NEW YORK, Oct 14 (Reuters) - U.S. Treasury yields slipped on Tuesday and were off earlier declines, as concerns about trade tensions betw...Reuters
Tue, Oct 14
JPY is outperforming with 0.2% gain – Scotiabank
The Japanese Yen (JPY) is outperforming with a 0.2% gain, strengthening on the back of renewed haven-driven gains in an environment to trade-related risk aversion as markets eye the state of the US-China relationship, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Tue, Oct 14
Erosion of trust in central banks can jack up inflation expectations, IMF warns
WASHINGTON, Oct 14 (Reuters) - The International Monetary Fund on Tuesday said putting pressure on central banks to lower interest rates "always backfires," warning that erosion of trust in monetary authorities could de-anchor inflation expectations.IMF chief economist Pierre-Olivier Gourinc...Reuters
Tue, Oct 14
USD firms on US/China trade tensions – Scotiabank
Renewed US/China trade tensions Friday following President Trump’s threat of 'massive tariffs' in response to China’s 'hostile' moves to curb rareearth exports prompted a sharp fall in stocks and 'Dr Copper' followed suit amid concerns of more headwinds for global growth, Scotiabank's Chief FX Strat
Fxstreet
Tue, Oct 14
TABLE-IMF edges up global economic outlook again
Oct 14 (Reuters) - The International Monetary Fund on Tuesday slightly upgraded its 2025 global economic outlook due to less-severe trade shocks and easier financial conditions than earlier expected, while leaving its projection for next year unchanged.2025 estimatesOctober vs prior estimatesOctobe...Reuters
Tue, Oct 14
European growth to hold up but at an increasing fiscal cost, IMF says
FRANKFURT, Oct 14 (Reuters) - Euro zone economic growth will hold up despite a drag from U.S. tariffs but this will come at a cost of higher government spending and rising debt, the International Monetary Fund said on Tuesday in an update of its World Economic Outlook.The 20 nation currency bloc has...Reuters
Tue, Oct 14
