The European Central Bank plans to launch a digital euro in 2029, extending preparatory work after the current phase concludes. Officials will decide this week to proceed, contingent on a legal framework. Disagreements among EU lawmakers, particularly from the European People’s Party, and concerns over US payment firm dominance are creating roadblocks.Read More
Asian stocks showed mixed movement. Federal Reserve Chair Jerome Powell indicated that further interest rate cuts are not guaranteed. This led investors to adjust their expectations for easing. Markets are now awaiting policy signals from the Bank of Japan and the European Central Bank. Attention is also on the upcoming meeting between President Donald Trump and Xi Jinping concerning trade.Read More
Federal Reserve Chair Jerome Powell indicated that a further interest rate cut in December is not guaranteed, citing “two-sided risks.” He revealed that committee members held “strongly differing views” on the path forward, emphasizing that a rate reduction is “far from a foregone conclusion.”Read More
US stocks experienced a sharp decline as Federal Reserve Chair Jerome Powell indicated that a December rate cut is not guaranteed. This statement followed a 25 bps rate cut announcement amidst concerns over a government shutdown impacting the economic outlook. Despite the broader market dip, Nvidia’s stock surged on significant AI chip orders and supercomputer plans.Read More
The US Federal Reserve has lowered interest rates for the second time this year. This move aims to boost economic growth as the job market shows signs of slowing. Policymakers are closely watching inflation and job creation data. The decision comes amid political gridlock and patchy economic reports.Read More
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