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PBoC moves to cut mortgage rates by end-October
The People's Bank of China (PBOC) said on Sunday that it would tell banks to lower mortgage rates for existing home loans before October 31 in its latest attempt to shore up the troubled property sector as the economy slows, per Bloomberg.Fxstreet
Mon, Sep 30
Fed’s Musalem: Central bank should cut US interest rates ‘gradually
St Louis Federal Reserve (Fed) President Alberto Musalem said on Friday that the Fed should revert to cutting interest rates “gradually”, after a larger than usual half-point reduction in the September meeting, per Financial Times.Fxstreet
Sun, Sep 29
What just happened: What is PCE inflation, and why does it matter?
August’s US Personal Consumption Expenditure Price Index (PCE), or PCEPI as the US Federal Reserve (Fed) refers to it, clocked in at an annualized rate of 2.2% YoY on September 27, the lowest print of the key inflation metric since March of 2021.Fxstreet
Fri, Sep 27
