The one- and five-year Loan Prime Rates for October remained at 4.20% and 4.85%, respectively — unchanged from September.
— Read on www.cnbc.com/2019/10/21/china-economy-pboc-keeps-lpr-lending-benchmark-unchanged-in-october.html
Tag: Interest Rates
Australia cuts key interest rate to record low 0.75% – MarketWatch
The cut on Tuesday follows reductions by the Reserve Bank of Australia in June and July. Previously the bank had not shifted the rate in almost three years.
— Read on www.marketwatch.com/story/australia-cuts-key-interest-rate-to-record-low-075-2019-10-01
Recession will hit the US within 12 months, David Rosenberg warns
Gluskin Sheff’s David Rosenberg reinforces his recession forecast following the Federal Reserve’s September meeting.
— Read on www.cnbc.com/2019/09/22/recession-will-hit-the-us-within-12-months-david-rosenberg-warns.html
OECD cuts growth outlook to post-crisis low – Reuters
The trade war between the United States and China has plunged global growth to its lowest levels in a decade, the OECD said on Thursday as it slashed its forecasts.
— Read on www.reuters.com/article/us-oecd-economy/oecd-cuts-growth-outlook-to-post-crisis-low-idUSKBN1W4105
Trump calls on Fed to cut interest rates to zero ‘or less’ – BNN Bloomberg
Trump calls on Fed to cut interest rates to zero ‘or less’ – BNN Bloomberg
— Read on www.bnnbloomberg.ca/trump-calls-on-fed-to-cut-interest-rates-to-zero-or-less-1.1314416
Nobel Prize-winner Shiller: Trump’s attacks on the Fed may destroy confidence in the economy – Video – BNN
Robert Shiller, Nobel Prize-winning economist and professor at Yale University, joins BNN Bloomberg to discuss how popular narratives affect the economy and how Donald Trump’s attack on the Fed impact confidence.
— Read on www.bnnbloomberg.ca/economics/video/nobel-prize-winner-shiller-trump-s-attacks-on-the-fed-may-destroy-confidence-in-the-economy~1781452
Fed decision: Interest rates cut by quarter point; FOMC divided on next steps
Investors largely expected the FOMC to cut rates by a quarter point.
— Read on www.cnbc.com/2019/09/18/fed-decision-interest-rates-cut.html
Fed cuts interest rates, signals holding pattern for now – Reuters
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs, eliciting a fast and sharp rebuke from President Donald Trump.
— Read on www.reuters.com/article/us-usa-fed/fed-cuts-interest-rates-signals-holding-pattern-for-now-idUSKBN1W32H7
Federal Reserve Cuts Interest Rates by One Quarter Point – Bloomberg
Federal Reserve policy makers lowered their main interest rate for a second time this year and Chairman Jerome Powell said that “moderate” policy moves should be sufficient to sustain the U.S. expansion.
— Read on www.bloomberg.com/news/articles/2019-09-18/fed-makes-second-straight-rate-cut-splits-on-further-action
‘The most important chart in the world’ offers a warning sign
The benchmark 10-year Treasury note yield tested 1.5% in late August and early September, bouncing off that level and most recently trading around 1.8%. However, another challenge could signal tough times on the horizon.
— Read on www.cnbc.com/2019/09/13/the-most-important-chart-in-the-world-offers-a-warning-sign.html