The US Federal Reserve (Fed) is cutting its key interest rate by 0.25 percentage points to a range of 3.75–4.00 percent, as expected. They seem fairly comfortable with the economic situation, says Maria Landeborn, senior strategist at Danske Bank.
BusinessIt is going mainly upwards on the major stock exchanges in Asia while investors are waiting for what is believed to be an interest rate cut from the US central bank Federal Reserve (Fed).
BusinessNew York stock exchange climbed on Friday to new record levels, after delayed figures showed cooler inflation than expected.
BusinessInflation in the USA rose in September to 3.0 percent, according to the delayed figures. The probability is now increasing for an additional interest rate cut from the American central bank.
BusinessInternational Monetary Fund (IMF) raises the forecast for global growth this year, but warns that the "AI hype" can end in a severe stock market crash. "Such a correction can erase household assets and dampen consumption", writes IMF in a new forecast.
TechnologyNew York stock exchange continued upwards on Wednesday, despite shutdown and some disagreement within the Fed board.
BusinessThe members were largely in agreement on the first interest rate cut of the year – but many also demanded caution due to concerns about inflation, according to the minutes from the September meeting of the US central bank Federal Reserve (Fed).
BusinessThe Trump administration is gearing up for a new tariff shock next year – on industrial robots, machines and healthcare items. They need the money. I think it's a reason why they're looking at more goods, says Elisabet Kopelman, US economist at SEB.
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