Bank of Korea Cuts Rates As Concerns Grow over Slowing Economy and Trump

South Korea's central bank cuts a key rate to nurse a slower economy

South Korea’s central bank has lowered its key policy rate for the second straight month and says the country’s economy will grow at a slower pace than it initially anticipated

World - ABC News - 10 minutes ago

Interest rates cut but Bank hints fewer falls to come

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

Bank of England cuts interest rates to 4.75%

Central bank signals further reduction is unlikely before next year as it raises post-Budget inflation forecast

World - Financial Times - November 7

Post-election stock rally fizzles as interest rate concerns grow

Stocks tumbled on Friday as the post-election rally fizzled and investors fretted over the path of interest rates.

Outpouring of unity in Spain as anger grows over slow response to floods

Hundreds of volunteers take up buckets and brooms in Valencia as the government bolsters its response to the devastating floods.

US economy continues to grow at robust rate days before presidential election

GDP rose by 2.8% in the third quarter, short of economists’ expectations of 3.1%, and driven primarily by consumer spending. The pace of US economic growth slowed over the summer but continued its ...

World - The Guardian - October 30

Facing Post-Election Concerns, Federal Reserve Cuts Rate by Quarter-Point

After Donald Trump’s election win, the Federal Reserve cut its benchmark interest rate to about 4.6 percent.

Business - Inc. - November 7

Bank of England Cuts Interest Rates, but Signals Stickier Inflation

The central bank said that future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.

Top stories - The New York Times - November 7

ECB must commit to faster rate cuts, says Bank of Italy governor

Fabio Panetta sees risk of inflation falling ‘well below’ central bank’s 2% target amid stagnant demand

Business - Financial Times - November 19

What a potential Fed rate cut could mean for the economy

As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on ...

What does the Fed's interest rate cut say about the state of the economy?

The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...

Inflation rises slightly as economy reacts to interest rate cuts

New data shows inflation rose slightly as the Federal Reserve navigates interest rate cuts following signs of cooling prices and a weaker labor market. CBS News contributor JD Durkin has more.

Collapsed London Capital & Finance operated as Ponzi scheme, court rules

High Court judge finds individuals connected with scandal liable for damages

Business - Financial Times - November 14

ECB cut rates to avoid damage to economy, meeting minutes show

Hawkish policymakers agreed with move because of a strengthening ‘disinflationary trend’

World - Financial Times - November 14

Japanese troops will train with US and Australian forces as concerns over China grow

The defense ministers from the U.S., Japan and Australia have agreed to step up military cooperation and expressed concern about a spate of confrontations with China’s increasingly assertive military

World - ABC News - November 17

Cop29 live: ministers told to ‘cut theatrics’, ‘move faster’ and ‘get down to business’ amid growing frustration at slow progress

Cop29 president calls for faster action as progress to agree a climate finance deal slows. Climate crisis to blame for dozens of ‘impossible’ heatwaves How usual is it to have G20 happening at ...

World - The Guardian - November 18

South Korea unexpectedly reduces benchmark lending rates — first back-to-back cuts since 2009

This surprised economists polled by Reuters, which expected the BOK to hold rates.

Business - CNBC - 1 hour ago

Deutsche’s private bank fires over 100 bankers in cost-cutting drive

Frankfurt-headquartered lender has imposed demanding targets on underperforming unit

Business - Financial Times - November 11

Voters concerned about economy broke hard for Trump: Survey

Many voters who listed the economy as one of the most important issues going into the election overwhelmingly supported President-elect Trump at the ballot box, according to a new survey. The AP ...

Politics - The Hill - November 7

Trump’s victory means fewer Fed rate cuts

“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.

Business - MarketWatch - November 6

South Korea inflation weakest in almost 4 years, sets stage for more rate cuts

World - Yahoo News - November 4

Bank of England cuts UK interest rates again despite modest budget-related inflation spike

The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell below its target rate of 2%

World - ABC News - November 7

Czech central bank cuts key interest rate to 4% as inflation stays low

The Czech central bank has cut its key interest rate for the eighth time in a row as inflation remains low and the economy is making a slow recovery

World - ABC News - November 7

Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls

World - ABC News - November 7

UK inflation surges above Bank of England's 2% target, curbing December rate cut expectations

The hike marks a sharp increase from the 1.7% rise recorded in September and exceeds the 2.2% forecast of economists polled by Reuters.

Business - CNBC - November 20

Traders trim Bank of England rate cut bets after U.K. inflation rebounds

The chances of another rate cut this year by the Bank of England has diminished after data showed an acceleration in the pace of Britain’s inflation last month.

Business - MarketWatch - November 20

Treasury yields rise by most in a week amid focus on prospects for U.S. economy

U.S. government debt sold off on Wednesday, sending yields up by the most in a week, as geopolitical anxiety eased and investors awaited President-elect Donald Trump’s pick for Treasury secretary.

Business - MarketWatch - November 20

New Zealand expectedly cuts benchmark rate by 50 basis points as economy struggles

New Zealand's central bank slashed its benchmark interest rate by 50 basis points to 4.25%, marking a third straight cut to its benchmark interest rate.

Business - CNBC - Yesterday

Doubts Grow Over the Booming Trump Trade

The stunning post-election stock market rally could be in jeopardy if the president-elect’s agenda spurs inflation, and adds to the deficit, analysts warn.

Business - The New York Times - November 12

Diesel Demand in India Faces Headwinds as Economy Slows

World - Yahoo News - November 5

Wall Street reacts to Trump win as Fed weighs interest rate cut

President-elect Trump’s victory spurred a surge on Wall Street with the Dow Jones, S&P and Nasdaq reaching record highs. It comes as the Federal Reserve is weighing another interest rate cut with a ...

Bank of Korea Cuts Rates As Concerns Grow over Slowing Economy and Trump

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