Brazil Kicks Off Easing Cycle With Surprise Half-Point Interest Rate Cut
Brazil’s central bank lowered its benchmark interest rate by a larger-than-expected 50 basis points and said future cuts
2023-08-03 06:25
Fitch Says US Fiscal Metrics and Governance Spurred Credit-Rating Cut
Weakening US fiscal metrics and governance, highlighted by political wrangling over the debt ceiling, were at the heart
2023-08-03 01:46
Brazil’s Lula Says He Expects Rate Cut, But Renews Central Bank Criticism
President Luiz Inacio Lula da Silva expects Brazil’s central bank to begin cutting interest rates on Wednesday, saying
2023-08-03 01:24
US Plans $103 Billion Debt Sale, Says Issuance to Keep Rising
The US Treasury boosted the size of its quarterly sale of longer-term debt for the first time in
2023-08-02 20:52
BofA Joins Fed in Reversing Recession Call Amid Growing Optimism
Economists at Bank of America Corp. revoked their forecast for a recession in the US, becoming the first
2023-08-02 19:52
Traders Brace for BOE to Hint at Faster Pace of Bond Sales
Speculation is growing the Bank of England will surprise economists by signaling an increase to the pace of
2023-08-02 19:25
India’s Unemployment Rate Falls in July Due to Farm Demand
India’s overall unemployment rate fell in July as rural areas saw increased demand for agriculture labor with the
2023-08-02 16:24
Rice Supply Faces New Threat as Thailand Urges Crop Curbs
Thailand has urged farmers to reduce their rice planting to save water following poor rainfall, a move that
2023-08-02 15:26
Swedish Housing Prices Eke Out More Gains in July
Swedish home prices continued to edge ahead last month in a rebound from one of the worst housing
2023-08-02 13:51
US Ratings Downgrade Casts Spotlight on AAA Ones Standing
The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto
2023-08-02 12:50
BOJ’s Key Policy Architect Says YCC Shift Doesn’t Mean Exit
Deputy Governor Shinichi Uchida said that the Bank of Japan is far from an exit or raising its
2023-08-02 11:57
Summers, El-Erian Pile Criticism on Fitch Downgrade Decision
Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision
2023-08-02 11:52