Category: Economy
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Bank of Canada Expected to Hold Interest Rates Amid Economic Slowdown
A Hawkish Hold Expected from the Bank of Canada Senior director of Canadian economics at Desjardins, Randall Bartlett, suggests that the Bank of Canada’s rate decision next week will likely be a “hawkish hold.” Acknowledging the faster cooling of the economy than anticipated in July and the September slowdown in core inflation, Bartlett notes a […]
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Reserve Bank of Australia Holds Rates Steady, Leaves Door Open for Future Hikes
Inflation Remains Elevated, Prompting Consideration for Further Rate Hikes While inflation has somewhat receded from its 30-year highs in May, core inflation continues to remain high. This suggests that persistent price pressures persist in the country. RBA Governor Philip Lowe emphasized that July’s decision to pause was driven by the need to evaluate the state […]
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US stock futures flat as government bond yields remain near recent highs on concerns of interest rate hikes
US Stock Index Futures Unmoved as Investors Watch Government Bond Yields U.S. Stock Futures Investors are keeping a close eye on government bond yields, which maintain recent highs. This has led to concerns that major central banks may keep increasing interest rates. Although U.S. stock index futures were mostly flat on Thursday, megacap stocks led […]
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Treasury Scrambles to Replenish Cash Holdings, Creating Potential Hazard for Economy
Debt-Ceiling Negotiations Affect Financial Markets Treasury Scrambles to Replenish Cash The debt-ceiling negotiations may have come to an end, but the financial markets will feel their impact for months to come. To avoid disaster, the Treasury depleted its cash holdings over the past six months, reaching the point where it had almost nothing left. This […]
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Interest rate decision from India and revised Japanese GDP to drive Asian markets amidst profit-taking slump and surprising rate hike in Canada
Asian Markets React to Interest Rate Decision from India and Revised Japanese GDP Overview On Thursday, investors in Asian markets will be primarily monitoring local performances, specifically, interest rate decisions from India and revised Japanese GDP. These events come on the heels of a slump in U.S. tech stocks amid profit-taking and a surprising rate […]
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Can the US Financial System Survive the Flood of Treasury Bills?
The US Treasury’s $1tn Test What is the US Treasury Planning? The US Treasury plans to issue short-dated Treasury bills worth almost $1tn. This move is intended to replenish its cash balance. The success of this operation will depend on the demand from investors and how high the coupons need to rise to attract buyers. […]
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U.S. Cracks Down on Russian Banking: Tougher Sanctions on the Horizon
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Quantum Computing Threatens Data Security: The Race to Develop Quantum-Resistant Encryption Begins
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Financial Turmoil in Asia as U.S. Interest Rates Loom Higher
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]
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Green Exodus Fears Subside: EU Focuses on Efficient Distribution of Generous Green Subsidies
As the US announces plans to sell 26 million barrels of crude, oil futures fall. Following the announcement that the US government will move on with its plan to sell an additional 26 million barrels of crude oil from the Strategic Petroleum Reserve, oil futures prices fell on Tuesday. In order to honor its promise […]