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January 17, 2020
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Fed could cut rates 3 times as tariffs drag down US growth: UBS

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CNBC – For more and to sign up click here The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Jabin Botsford | The Washington Post | Getty Images Swiss wealth giant UBS has predicted that the U.S. Federal Reserve could lower interest rates three times in 2020 — a......
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Sterling sinks below $1.30 on Bank of England rate cut hints

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CNBC – For more and to sign up click here A screen shows the trajectory of the pound ahead of the U.K. parliament Brexit deal vote as a trader monitors financial data on computer screens. Luke MacGregor | Bloomberg | Getty Images Sterling fell below $1.30 on Monday morning after......
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UK economy, not Brexit, will drive the pound in 2020, analysts say

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CNBC – For more and to sign up click here The pound will react more to U.K. economic indicators than the twists and turns of Brexit in the first half of 2020, and will likely remain supported, according to currency strategists. British Prime Minister Boris Johnson and new European Commission......
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World Bank warns of global debt crisis as borrowing increases

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CNBC – For more and to sign up click here Employees work on the production line of high-precision sheet aluminium at a factory of Shandong Weiqiao Pioneering Group Company Limited on November 23, 2019 in Zouping, Shandong Province of China. Tang Ke | VCG via Getty Images The World Bank......
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ECB holds rates steady at Lagarde’s debut policy meeting

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The European Central Bank (ECB) kept its rates unchanged on Thursday following new President Christine Lagarde’s first monetary policy meeting. Source link: Click here for more...
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Trump calls for World Bank to stop lending money to China

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The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion. Source link: Click here for more...
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Biden says Trump’s pressure on the Federal Reserve is an abuse of power

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“It’s his way of abusing power across the board. It’s a big mistake,” Biden said of Trump’s attacks on the Fed. Source link: Click here for more...
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US economy growing modestly, labor market still tight, according to Fed’s Beige Book report

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The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in a report on Wednesday. Source link: Click here for more...
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France’s finance minister says he’s glad that Donald Trump isn’t a member of the ECB’s board

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French Finance Minister Bruno Le Maire voiced his appreciation that ultra-dovish views, like those expressed by President Donald Trump, weren’t currently being represented on the board of the ECB. Source link: Click here for more...
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Growth policies are less effective without a US-China ‘phase one’ trade deal, says Morgan Stanley

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The absence of a U.S.-China deal will prolong economic uncertainty globally, says Gokul Laroia, co-chief executive of Asia Pacific for Morgan Stanley. Source link: Click here for more...
CNBC - Real Estate

Why the RBNZ decided to hold rates steady in November

CNBC Real Estate
Street Signs Asia After a 50 basis point rate cut in August, New Zealand’s central bank stayed on hold in November because it felt it had been quite decisive and “got ahead of the game,” says Christian Hawkesby, assistant governor of the Reserve Bank of New Zealand. 02:45 28 minutes......
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China cuts short-term funding rate for first time since 2015

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China’s central bank unexpectedly trimmed a closely watched lending rate, the first such cut in more than four years and a signal to markets that policymakers are ready to act to prop up slowing growth. Source link: Click here for more...
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The United States’ dubious privilege of being a key currency country

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The status of the dollar as a key currency and the ultimate reserve asset depends on the Federal Reserve’s ability to safeguard its real purchasing power. Source link: Click here for more...

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