New Zealand’s RBNZ expected to cut interest rate by 50 bps amid slowing economic activity – FXStreet
The Reserve Bank of New Zealand is expected to cut interest rates by 50bps to 4.75% on Wednesday. The deepening economic downturn in New Zealand's economy and optimism about inflation point to the possibility of a major rate cut from the RBNZ. The RBNZ's policy announcement is likely to cause severe volatility for the New […]
Migrant Imprisonment Rate over a Quarter Higher Than for British Citizens
Foreign nationals are jailed at a rate 27% higher than British nationals, according to government data analysis. The first “Crime Correlation Table by Nationality” project carried out by telegraph paper To understand the crime potential of different ethnic groups in the UK, the paper analyzed the number of people in prison by passport held and […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut By Reuters – Investing.com
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut – Yahoo Finance
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
Larry Summers says jobs report shows Fed’s 50 bp rate cut was ‘a mistake’
Acting Labor Secretary Julie Su will provide details on the September employment report, employment revisions, manufacturing losses and collective bargaining as longshoremen reach a tentative agreement. Former U.S. Treasury Secretary Larry Summers said September's better-than-expected jobs report showed the Fed's half-point rate cut was a “mistake.” This follows a Labor Department report showing that employers […]
Immigrant murder rate ‘tens of thousands’ higher than ICE’s bombshell figures: data expert
The total number of undocumented immigrants convicted of murder in the United States is likely “tens of thousands” higher than the 13,400 listed in Immigration and Customs Enforcement (ICE) national documents. Given that border crossers' criminal records are not recognized in their home countries, they are incorporated into the data, data experts told Fox News […]
EUR/GBP falls below 0.8400 due to rising likelihood of a rate cut by ECB – FXStreet
EUR/GBP stalled as falling eurozone inflation data increased the likelihood that the ECB would cut interest rates this month. The market reflects a 95% probability that the European Central Bank will cut interest rates by 25 basis points in October. According to the BoE's DMP survey, British businesses' inflation expectations for the year ahead fell […]
Japanese Yen inches higher, upside seems limited due to waning likelihood of BoJ rate hike – FXStreet
The Japanese yen has strengthened while the dollar remains weak ahead of Friday's release of US labor data. Japan's Economy Minister Akazawa said the timing of monetary policy changes is important. Traders are awaiting Friday's U.S. jobs data, including nonfarm payrolls (NFP) and average hourly wages, for future direction. The Japanese yen (JPY) regained recent […]
BlackRock’s Larry Fink sounds off on investors expecting huge Fed rate cuts
BlackRock CEO Larry Fink told investors Tuesday. It would be a mistake to think that the Fed will cut rates significantly later this year because billionaire money men believe the U.S. economy will continue to grow. Mr. Fink dismissed market expectations for further rate cuts through the end of the year after Powell cut interest […]
Powell Touts Strong Economy Even While Indicating More Rate Cuts Ahead
Federal Reserve Chairman Jerome Powell on Monday reaffirmed his view that the U.S. economy is fundamentally strong, despite the central bank's surprise move to cut interest rates earlier this month. Speaking at the National Association for Business Economics' annual meeting in Nashville, Powell sought to explain the Fed's decision to cut interest rates while expressing […]