Reuters US Economy

(Reuters) -Asian bonds attracted their first monthly foreign inflow in three months in August, as expectations of U.S. Federal Reserve rate cuts to support a cooling labour market boosted demand for higher-yielding emerging markets. Non-native investors bought Asian bonds worth a net $311 million last month, their first monthly net purchase since May, data from …

Foreigners snap up Asian bonds in August after two-month hiatus Read More »

By Jaidaa Taha and Menna AlaaElDin CAIRO (Reuters) -Gulf central banks cut their key interest rates on Wednesday after the Federal Reserve cut U.S. interest rates by 25 bps on Wednesday for the first time this year. The Fed cut its rate by quarter of a percentage point, in a move that won support from …

Gulf central banks cut key interest rates following Fed move Read More »

BUENOS AIRES (Reuters) -Argentina’s gross domestic product (GDP) expanded 6.3% in the second quarter from the same quarter last year, official data showed on Wednesday. Analysts polled by Reuters had forecast a 6.5% expansion. (Reporting by Hernan Nessi and Jorge Otaola; Writing by Brendan O’Boyle; Editing by Kylie Madry)

By Ann Saphir WASHINGTON (Reuters) -U.S. central bankers expect to cut short-term interest rates by another half of a percentage point this year after delivering a quarter-point cut on Wednesday, based on the median of fresh projections. But the Fed’s latest quarterly summary of economic projections showed wide disagreement inside the central bank. The median …

U.S. central bankers split wide over rate-path view Read More »

TORONTO (Reuters) -The Bank of Canada on Wednesday lowered its benchmark interest rate by 25 basis points to 2.5%, its first cut in six months. MARKET REACTION: [CAD/] LINK:  COMMENTS ANDREW KELVIN, HEAD OF CANADIAN AND GLOBAL RATES STRATEGY, TD SECURITIES “It’s largely as expected. They didn’t really adjust their forward guidance very much. They …

Bank of Canada cuts benchmark interest rate by 25 basis points Read More »

OTTAWA, Sept 17 (Reuters) – The Bank of Canada released the following statement on Wednesday: “The Bank of Canada today reduced its target for the overnight rate by 25 basis points to 2.5%, with the Bank Rate at 2.75% and the deposit rate at 2.45%. “After remaining resilient to sharply higher US tariffs and ongoing …

FULL TEXT- Bank of Canada cuts rates to 2.50% Read More »

OTTAWA, Sept 17 (Reuters) – The Bank of Canada released the following statement by Governor Tiff Macklem on Wednesday: “Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s monetary policy decision. “Today, we lowered the policy interest rate by 25 basis points, bringing it to 2.5%. Through the …

FULL TEXT-Bank of Canada head says rate cut designed to help balance risks to economy Read More »

By Mehnaz Yasmin (Reuters) -A 60/20/20 portfolio strategy that includes 20% gold is a more resilient inflation hedge at a time when U.S. equities are offering historically low upside over Treasuries and investors are demanding higher yields for long-term bonds, Morgan Stanley Chief Investment Officer Mike Wilson said on Tuesday. A 60/40 portfolio, which typically …

Morgan Stanley CIO favors 60/20/20 portfolio strategy with gold as inflation hedge Read More »