Federal Reserve Chair Jerome Powell is not scheduled to appear in public this week, meaning investors will have to wait for any signs from the very top of the central banks as to whether it’s will cut interest rates this month for a third time this year. Several regional Fed presidents will though take to the microphone. Atlanta’s Raphael Bostic, Kansas City’s Esther George, James Bullard of St. Louis and Mary Daly of San Francisco all talk Tuesday.
The Fed’s Beige Book comes out on Wednesday giving a snapshot of economic conditions across the nation. That is published hours after retail sales data for September with economists predicting another month of modest growth. Industrial production may have contracted the same month, underscoring recession fears, a report is forecast to show on Thursday.
Israel’s inflation on Tuesday is likely to stay below the central bank’s target range of 1% to 3%, showing why a rate cut to near zero is in the cards. A financial crisis may be looming in Lebanon as pressure on the currency peg mounts and investors increasingly ask how long the government can continue to repay its debts. In Ghana, September inflation data will be out on Wednesday.Argentina’s government will start publishing a final round of key economic indicators before the Oct.
A raft of data out of China will likely show an economy that’s hurting: GDP growth probably slowed further in the third quarter, exports continued to contract and producer prices are deflating again. In Hong Kong, Chief Executive Carrie Lam will set out her economic policy objectives in a key speech, coming against the backdrop of a worsening political crisis and deepening economic slump.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
PODCAST | Changing the narrative that blacks have the monopoly for messing things up — Mteto NyatiIn this edition of Business Day Spotlight, we focus on the recently published book Betting on a Darkie by one of SA’s pre-eminent business leaders, Mteto Nyati Thank you mteton Great narration, Mr mteton. Bought it last week and already on Chapter 6. Good read, inspirational and perfect flow. For some of us who want to transition from public service to corporate, the book provide a sound base to understand the rigors in that space. Diversity&Inclusion OK so is NARITIVE the word of the season? Does the government send out a memo explaining the meaning of a word and then challenge everyone to use it in every single press conference or is it the journos?
Source: BDliveSA - 🏆 12. / 63 Read more »
Kgosientso Ramokgopa removed as Gauteng MEC to meet gender targetGauteng social development portfolio committee head Morakane Mosupyoe has taken over I believe in his competence to upscale Gauteng's economic progress Welcome to the other side of affirmative action gentlemen.
Source: BDliveSA - 🏆 12. / 63 Read more »