News
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Fed's Schmid: There's been a normalization, not a deteriation, of the labor market
Federal Reserve (Fed) Bank of Kansas President Jeffrey Schmid hit newswires late Monday, noting that recent downturns in US data is more likely a normalization of US labor markets after a period of record over-employment and untenably low unemployment rates, rather than an outright deterioration in the overall US labor market.Fxstreet
Mon, Oct 21
Fed's Kashkari: I see modest cuts over the next quarters
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari noted on Monday that while the Fed is on the lookout for a rapid destabilization in the US labor market, investors should expect a modest pace of rate cuts over the next few quarters.Fxstreet
Mon, Oct 21
ECB's Kazimir: December meeting wide open, all options on table
European Central Bank (ECB) policymaker and Slovakian central bank Governor Peter Kazimir said on Monday that they will be in a "strong and comfortable position" to continue the policy-easing cycle if the accelerated pace in disinflation is confirmed, per Reuters.Fxstreet
Mon, Oct 21
ECB’s Šimkus: If disinflation gets entrenched, rates could get lower than the natural level
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Monday, “if disinflation gets entrenched, rates could get lower than the natural level.” Additional quotes The disinflation trend is on a stable track.Fxstreet
Mon, Oct 21
Israel carries out new wave of air strikes on southern Beirut
The Israeli army launched a series of new air strikes across Lebanon, including Beirut’s suburbs, after it announced the targeting of Hezbollah’s al-Qard al-Hassan financial institution’s offices, per the local news agency Aljazeera.Fxstreet
Mon, Oct 21
