There is about a 95% a third 25bp rate cut tomorrow according to CME Group.
Expectations are the FOMC will cut the Fed Funds rate 25bp at the meeting this week. Here are some comments from Goldman Sachs chief economist Jan Hatzius: We expect the FOMC to deliver a third and final 25bp rate cut at the upcoming meeting. … We believe the mixed growth data since the last meeting more closely resembles the Committee’s baseline forecast than the downside scenarios under discussion. … We expect a somewhat hawkish rewording, with “act as appropriate to sustain the expansion” replaced by a reference to recent easing and the less committal “will act as needed to promote its objectives.” ... (full story)
This year marks two decades of monetary union, which is by any measure a momentous anniversary. Not so long ago, the euro area economy was scarred by a level of unemployment ...
tweet at 3:01pm: PM Johnson: UK government will propose legislation for general election on Dec 12
tweet at 2:59pm: U.K. PARLIAMENT REJECTS PM'S THIRD CALL FOR EARLY ELECTIONBoris Johnson loses vote to hold UK general election on December 12 Lawmakers in the U.K. have rejected the government’s request to hold a general election on December 12. Under the rules, two-thirds of Parliament (434 MPs) were needed to approve the motion for it to pass. But the numbers fell short as opposition lawmakers declined the opportunity to take on Prime Minister Boris Johnson at the ballot box. The second-largest party in Parliament, Labour, and its leader Jeremy Corbyn had previously said they will not back an election unless the possibility of a no-deal Brexit is removed. Going to the polls is viewed by the Conservative-led government as the best way to secure a strong-enough hold over Parliament that can, in turn, smooth the passage of its Brexit pla
Sydney-based ASIC-regulated multi asset online trading provider, ACY Securities, has just announced Socceroos legend and international football star Tim Cahill as their official ...
My thanks to the Commonwealth Bank of Australia for inviting me here today. It’s a pleasure to take part in this conference and connect with so many global investors in the New ...