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Fed's Powell Says No Need to Hurry Rate Cuts
Powell Says Strong US Economy Means No Rush to Cut Rates
Good morning. Jerome Powell isn’t in a hurry to lower US interest rates. Rachel Reeves says that the UK’s crackdown on banks went too far. And shop for thrifty to expensive watches with Bloomberg Pursuits.
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
economy, Third Quarter
Japan's economy grows for a second straight quarter on the back of consumer spending
Japan’s economy eked out an annual rate of 0.9% growth in the July-September period as consumer spending held up, government data showed Friday. The world’s fourth-largest economy grew 0.2% in the fiscal second quarter,
UK Economic Growth Slows Down Sharply in the Third Quarter
U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September period was just 0.
U.K. Economy Slowed More than Expected in Third Quarter -- Update
According to the first estimate, gross domestic product in the U.K. rose 0.1% on quarter in the period, down from 0.5% in the second quarter of this year, the U.K.'s Office for National Statistics said Friday.
3h
on MSN
Malaysia's economy grows 5.3% y/y in Q3
Malaysia's economy grew 5.3% in the third quarter from a year earlier, slowing from an 18-month high in the previous quarter, ...
USA Today
20h
Heading into election, economy looked good — on paper. Here's why that didn't help Harris
"The U.S
economy
is the envy of the world," said Rutgers Business School finance professor Parul Jain. "Why didn’t that ...
4h
on MSN
Chinese Economy Still Struggling to Regain Momentum
Friday’s data shows that Beijing’s recent cascade of monetary and fiscal easing measures have yet to fully reinvigorate an ...
Opinion
2d
Opinion
‘People Are in for a Really Rude Shock’ on Trump’s Economy
The economist and Times Opinion columnist Paul Krugman details the president-elect’s “seriously inflationary” economic plans.
2d
on MSN
Lifelong Dem, who voted Trump, clashes with CBS reporter on the state of the Biden economy
CBS’ Scott Pelley spoke to a long-time Pennsylvania Democratic voter on “60 Minutes" Sunday about why she decided to vote for ...
12h
Cuba sees growth unlikely in 2024 as hurricanes, earthquakes rattle economy
Cuba is unlikely to see any growth in 2024, Economy Minister Joaquin Alonso said on Thursday, as its already sputtering state ...
16h
ECB cut rates to avoid damage to economy, meeting minutes show
The European Central Bank cut interest rates last month to avert unnecessary damage to the economy, with policymakers taking ...
2h
Economy near stagnation in blow for Starmer
Britain’s economy neared stagnation in the third quarter of the year, official figures show, in a blow to Sir Keir Starmer’s ...
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