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  • Sep 24, 2024

Mexico’s Annual Inflation Slows and Sets Up Another Rate Cut

(Bloomberg) -- Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA

  • Sep 24, 2024

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S. Federal Reserve Governor Michelle Bowman said on Tuesday key measures of inflation remain "uncomfortably above" the Fed's 2% target, warranting caution as the Fed proceeds with cutting interest rates. Bowman said she agreed that progress on lowering inflation since it peaked in 2022 means it is time for the Fed to reset monetary policy. "Core" inflation refers to the Personal Consumption Expenditures price index stripped of food and energy costs, which Fed officials consider a good guide to overall inflation trends and which Bowman said she expects was running still at around 2.6% through August.

  • Sep 24, 2024

Bowman Says Fed Must Keep Eye on Inflation, Upside Risks Remain

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the central bank should lower interest rates at a “measured” pace, arguing that inflationary risks remain and that the labor market has not shown significant weakening. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s

  • Sep 24, 2024

Exclusive-German institutes expect economy to contract again in 2024, say sources

BERLIN (Reuters) -Germany's leading economic institutes have downgraded their forecast for 2024 and now see Europe's largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday. Germany's economy was the weakest among its large euro zone peers last year with a 0.3% contraction. Inflation was expected to fall to 2.2% this year, from 5.9% last year, the sources said.

  • Sep 24, 2024

Mexico's inflation undershoots forecasts ahead of rate decision

In Latin America's second-largest economy, 12-month headline inflation came in at 4.66% in early September, statistics agency INEGI said, below both the previous month's 5.16% and the 4.73% forecast by economists polled by Reuters. The key figure remains above the Bank of Mexico's (Banxico) 3% target, plus or minus one percentage point, but will likely open the door for it to maintain a monetary easing cycle on Thursday, when it is set to announce its next policy decision. Mexico's central bank last month lowered borrowing costs by 25 basis points to 10.75% in a divided vote.

  • Sep 24, 2024

Credit Agricole Joins Rush for Unusual Capital as Fed Cuts Rates

(Bloomberg) -- Credit Agricole SA is looking to raise capital with a bond that has to be repaid after only a decade, adding to a recent raft of longer-duration instruments as investors look to take advantage of the Federal Reserve’s rate cuts.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northe

  • Sep 24, 2024

Spain to Sell 12-Year Inflation-Linked Bonds Through Syndication

(Bloomberg) -- Spain is selling new 12-year debt through banks to capitalize on strong investor demand, following a record-breaking Italian bond offering earlier this month. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportWaiting for the Miracle of Church-to-Housing DevelopmentInitial guidance suggests the inflation-

  • Sep 23, 2024

Ether is beating Bitcoin as the Fed interest rate cut sparks a crypto rally

Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, were thriving on Monday morning, buoyed by the U.S. Federal Reserve’s recent interest rate cut. Bitcoin was trading near $63,000, up 1.2% in the past 24 hours and nearly 8% over the week. Ether, meanwhile, was hovering around $2,600, with a 2.5% gain in the last 24 hours and an impressive 15% rise over the week, according to CoinMarketCap.

  • Sep 23, 2024

Artificial Superintelligence Alliance, Bittensor, Sui, and more: Cryptocurrencies to watch this week

Cryptocurrencies have seen significant inflows following the Federal Reserve’s decision to lower interest rates, creating a more favorable environment for riskier assets. While the broader crypto market is thriving as a result, the AI-driven token sector has experienced an especially sharp surge, with many projects gaining momentum in response to the Fed’s move. This shift has piqued investor interest, making it an opportune time to explore which cryptocurrencies are worth watching in this evolv

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