The FinTech Hub
Source: Live Mint (Bloomberg) — The Swiss National Bank continued to refrain from significantly influencing the franc in the third quarter, even as the currency saw a rally triggered by geopolitical turmoil. Switzerland’s central bank bought foreign exchange worth 728 million francs ($806 million) from July to September after even smaller purchases in the previous…
Source: Live Mint (For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Qualcomm up after win against Arm in chips trial Lilly gains after weight-loss drug approved for sleep apnea Futures: Dow down 0.27%, S&P 500 off 0.06%, Nasdaq up 0.16% (Updates with prices,…
Source: Live Mint Fed projections imply slower pace of rate cuts in 2025 Analysts expect Fed pause in January to assess outlook Policymakers adjust risk, uncertainty assessments WASHINGTON, Dec 18 (Reuters) – U.S. central bankers on Wednesday issued fresh projections calling for two quarter-point interest-rate cuts next year amid rising inflation, a forecast consistent with…
Source: Live Mint (Repeats story first published Friday with no changes to text) Fed widely expected to cut rates by 25 bps on Wednesday Some investors brace for “hawkish cut,” with Fed suggesting pause in easing cycle S&P 500 up 27% in 2024, with Nasdaq breaching 20,000 as latest equities milestone NEW YORK, Dec 13…
Source: Live Mint Lower interest rates also boost consumer spending, as individuals pay less on their loans and have more disposable income to purchase goods and services. The RBI has held the repo rate steady at 6.5% for a while now. However, with inflation pressures easing, rate cuts could be on the horizon. Growth stocks,…
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…
