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New York Fed chief says it's time to lower rates with inflation cooling and the labor market slowing

Following the August jobs report, John Williams said the economy is "now in equipoise," with easing…

Kelly Cloonan   


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Wholesale inflation rose for fourth straight month in June to 3.36%, owing to rising vegetable and food prices

Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent o…

PTI   


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We just got another sign inflation is cooling

New data shows labor costs are slowing, which could give the Fed more confidence that inflation is …

Kelly Cloonan   


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2 mins read

Jamie Dimon says he's skeptical inflation will hit the Fed's 2% goal

JP Morgan chief Jamie Dimon is still predicting a recession, telling CNBC that he thinks the odds o…

Erin Snodgrass   


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The Fed is only going to cut rates once in 2024 as shelter inflation is too high and the job market is hot, Vanguard says

The Fed is most likely cutting rates once in September, Vanguard predicted. Markets are still antic…

Jennifer Sor   


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3 mins read

RBI to focus on disinflation, food inflation sticky to core, note RBI's MPC minutes

The fiftieth meeting, conducted under Section 45ZB of the RBI Act, 1934, ended with the decision to…

ANI   


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Growth in India set to get more broad-based, says Morgan Stanley; pegged 6.8% for 2024

Growth in India, which already is strong and surging, may become more broad-based across both on th…

ANI   


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India's services sector activity hits 5-month high in August on uptick in new work orders

On the price front, input costs rose at their slowest pace in six months, with both the manufacturi…

PTI   


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The August jobs report reinforces 'waning vigor' in the labor market and the Fed should deliver a big rate cut, JPMorgan says

JPMorgan chief economist Michael Feroli says the Fed should cut 50 basis points this month as the A…

Kelly Cloonan   


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The unemployment rate slid as expected in August after a surprise increase the prior month

August's jobs report is a critical signal of the chances of a coming recession.

Madison Hoff   


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Fed rate cuts are coming too late to fend off a US recession, research firm says

Even if the Fed cuts in September, history shows that recessions can still occur during easing cycl…

Filip De Mott   


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A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says

The S&P 500 is poised for a 5% drop, according to CFRA chief investment strategist Sam Stovall.

Jennifer Sor   


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Fundamental drivers of economy gaining momentum, India on sustainable growth path: RBI Governor Das

In the inaugural address at FIBAC 2024, the governor said that massive changes are taking shape in …

PTI   


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3 mins read

Indian economy relatively slowed in Q1-FY25, here's what experts have to say

The Indian economy grew by 6.7% in real terms in the April-June quarter of the current financial ye…

ANI   


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India’s economic growth expectedly slows to 6.7% in Q1 — lowest in the last five quarters

India's GDP growth slowed to a 15-month low of 6.7% in the first quarter of FY 2024-25 due to weake…

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2 mins read

Russia's 'overheating' economy will face a sharp slowdown next year as labor and sanctions crush momentum, central bank says

Russia's central bank projects that the economy's expansion will slow sharply to 0.5% to 1.5% in 20…

Filip De Mott   


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The Fed will go bigger with rate cuts than markets think, Citi economist says

The Fed could cut 125 basis points by the end of the year if the labor market continues to cool, Ci…

Kelly Cloonan   


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Stock markets to take cues from global trends, FII trading activity in coming week: Analysts

With the earnings season drawing to a close, stock markets will take cues from global trends and fo…

PTI   


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The Fed has been 'shaken' from its path by a softening labor market, and will deliver steeper rate cuts as a result, JPMorgan says

The Fed is shifting its gradualist stance amid uncertain labor market data, which will prompt steep…

Kelly Cloonan   


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Why higher demand for sausage might be the latest sign the US economy is slowing

A food manufacturer in Texas said its seen rising demand for sausage, a sign the economy is slowing…

Kelly Cloonan