The recent softer-than-expected inflation report has ignited speculation that the Federal Reserve might cut interest rates before the November election. Market analysts point to the decline in both overall and core CPI as evidence that …
Continue readingTag: rate cut
Wall Street Surges on Rate Cut Bets, Strong Earnings Outlook
Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
Continue readingJapan Hints at Yen Intervention as Currency Surges on Rate Cut Bets
Japan’s government is stepping up warnings about the yen’s weakness and hinted at possible intervention in the currency market. Officials expressed concern about recent yen moves being “out of line with fundamentals” and highlighted the …
Continue readingCanada’s Jobless Rate Surges to 29-Month High, Boosting Rate Cut Bets
Canada’s unemployment rate climbed to a 29-month high of 6.4% in June, raising concerns about a potential recession and increasing expectations of a rate cut by the Bank of Canada (BoC) this month. The rise …
Continue reading