Plan Approved to Turn ss United States into World’s Largest Artificial Reef
The famed ocean liner s.s. United States is one step closer to becoming the world’s largest artificial reef as the…
Euro zone inflation dips below 2%, strengthening rate cut case
Euro zone inflation dipped below 2% for the first time since mid-2021 in September, reinforcing an already solid case for…
Global factory activity hit by economic uncertainty
Global factory activity weakened in September as soft demand and economic uncertainty pointed to a tough outlook, surveys showed, keeping…
Goldman Sachs still sees two 25bps cuts this year after Powell remarks
Following Federal Reserve Chair Jerome Powell’s latest speech, Goldman Sachs strategists reiterated their expectation for two more 25 basis point…
BOJ debated need for caution in rate hikes, Sept summary shows
Bank of Japan policymakers discussed the need for caution over near-term interest rate hikes with some voicing concern over unstable…
Euro zone September factory activity took a turn for the worse, PMI shows
Manufacturing activity across the euro zone declined at its fastest pace this year in September as demand waned sharply despite…
Fed sees no ‘hurry’ to cut rates as confidence in economy grows, Powell says
Federal Reserve Chair Jerome Powell indicated on Monday the U.S. central bank would likely stick with quarter-percentage-point interest rate cuts…
Eurozone inflation falls below target as the ECB mulls faster easing
The ECB knew that this inflation print would come in weak as President Christine Lagarde mentioned at the September press…
India’s factory growth cooled to eight-month low in September, PMI shows
Growth in India’s manufacturing industry cooled to an eight-month low in September as solid demand and output eased slightly, according…
ECB doves bolstered by German disinflation
The just-released flash estimate of German inflation in September has everything the ECB needs to continue cutting rates at the…