The FinTech Hub
Source: Live Mint Miami real estate developer Jorge Perez said interest rate cuts are needed “badly” to help builders manage soaring costs. Borrowing costs have ticked up in recent weeks, boosted by stronger-than-expected economic data. Some developers who were hoping for more pronounced interest-rate cuts by the Federal Reserve have now tempered their expectations for…
Source: Live Mint Colombia’s central bank ignored pressure to accelerate the pace of interest rate cuts as policymakers weigh fiscal risks that sent the peso to its weakest level in more than a year. The seven-member board voted 4-3 to lower the benchmark rate by half a percentage point to 9.75%, Governor Leonardo Villar told…
Source: Live Mint The Fed’s aim is to get ahead of potential labour market challenges and stabilise the US economy amid looming uncertainties. While the cuts are focused on the US, their impact is already resonating across global markets and India is well-positioned to capitalise on them. The Fed’s decision could unlock new opportunities for…
