🚀 Federal Reserve's Rate Cuts in 2024 May Be Slower Due to Fiscal Policy

According to Odaily, former Cleveland Federal Reserve President Loretta Mester has indicated that the pace of interest rate cuts by the Federal Reserve next year will be influenced by fiscal policy, potentially resulting in fewer cuts than anticipated in September. Mester highlighted that the Fed's outlook will adjust in response to the fiscal plans of the incoming Republican administration, suggesting that the market may have accurately predicted fewer than the previously expected four rate cuts.

Mester emphasized that fiscal policy will play a significant role in determining the speed of rate reductions in the coming year. Economists surveyed by Reuters also anticipate a 25 basis point rate cut during the December 2024 meeting. This adjustment is expected to bring the federal funds rate down to a range of 3% to 3.25% by the end of 2025, slightly below the median projection in the Fed's "dot plot" forecast.

#FederalReserve #RateCuts #FiscalPolicy #InterestRates #Economics #LorettaMester #2024 #FinancialMarket #RepublicanAdministration #Reuters

🚀 CoinMarketCap Crypto Benchmark Index Gains Major Platform Inclusion

According to Foresight News, on this day in 2019, the CoinMarketCap Crypto Benchmark Index was included in the Nasdaq Global Index Data Service, Bloomberg, and Reuters terminals. This development marked a significant step for the cryptocurrency market, as it provided broader visibility and accessibility to financial professionals and investors worldwide. The inclusion of the index on these major platforms underscored the growing acceptance and integration of digital assets into traditional financial systems.

#CoinMarketCap #CryptoBenchmarkIndex #Nasdaq #Bloomberg #Reuters #Cryptocurrency #DigitalAssets #FinancialProfessionals

🚀 Vaneck Submits S-1 Amendment for BNB Spot ETF

According to BlockBeats, Vaneck has submitted an S-1 amendment for its BNB spot ETF on November 21, as per information from the SEC's official website. The ETF is designated with the trading code VBNB. Reuters reports that upon approval, the ETF will be listed on Nasdaq.

Submitting an S-1 amendment, typically marked as S-1/A, is a significant positive indicator in the ETF approval process. Issuers submit the S-1/A in response to and modification of the SEC's formal comment letter.

#Vaneck #S1Amendment #BNBSpotETF #SEC #ETF #Nasdaq #VBNB #BlockBeats #Reuters #S1A

🚀 Major Banks Forecast U.S. Employment Growth

According to Jin10, several major banks have released their forecasts for U.S. employment growth. Scotiabank predicts an increase of 10,000 jobs, while Pantheon Macroeconomics anticipates a rise of 30,000 positions. HSBC and Sparta Capital both expect 37,000 new jobs, and Sumitomo Mitsui projects 39,000. Goldman Sachs, Bank of Montreal, and Deutsche Bank each forecast a growth of 40,000 jobs. ING and BNP Paribas foresee an increase of 50,000 jobs, matched by Mizuho Securities and Standard Chartered. Stifel, UniCredit, and Lloyds predict 50,000 new positions, while PNC Financial expects 65,000. Reuters' consensus forecast stands at 48,000 jobs.

#USEmploymentGrowth #BankForecasts #JobGrowth #Scotiabank #PantheonMacroeconomics #HSBC #GoldmanSachs #DeutscheBank #PNC #Reuters #Economy

🚀 U.S. January Average Hourly Earnings: Mixed Predictions from Major Banks

Major financial institutions have released their predictions for the U.S. average hourly earnings in January, with varied expectations. According to Jin10, the annual rate is anticipated to be around 3.6%, as per Reuters' forecast. Scotiabank predicts a 3.5% increase, while Barclays, Capital Economics, and Dekabank align with the 3.6% forecast. JPMorgan Chase, Pantheon Macroeconomics, BNP Paribas, and Citigroup foresee a slightly higher rate of 3.7%. HSBC, Jefferies, TD Securities, and UBS also expect a 3.7% rise.

For the monthly rate, Reuters projects a 0.3% increase. Morgan Stanley and Scotiabank predict a 0.2% rise, while BNP Paribas and Bank of America expect a 0.3% increase. Barclays, Capital Economics, Citigroup, and Dekabank also forecast a 0.3% rise. Deutsche Bank, HSBC, ING, JPMorgan Chase, Jefferies, Mizuho Securities, Moody's Analytics, Nomura Securities, Lloyds Bank, Oxford Economics, Pantheon Macroeconomics, TD Securities, UBS, UniCredit, Wells Fargo, and Goldman Sachs share similar expectations, with Goldman Sachs predicting a slightly higher increase of 0.4%.

#US #January #AverageHourlyEarnings #Predictions #FinancialInstitutions #Jin10 #Reuters #Scotiabank #Barclays #CapitalEconomics #Dekabank #JPMorganChase #PantheonMacroeconomics #BNPParibas #Citigroup #HSBC #Jefferies #TDSecurities #UBS #MorganStanley #BankOfAmerica #DeutscheBank #ING #MizuhoSecurities #MoodysAnalytics #NomuraSecurities #LloydsBank #OxfordEconomics #UniCredit #WellsFargo #GoldmanSachs

🚀 Ethiopia Revokes Accreditation for Reuters Journalists Following Report

Ethiopia has withdrawn the accreditation of three Reuters journalists. Bloomberg posted on X that this decision comes shortly after the news agency published a report alleging that rebel fighters from Sudan were receiving training at a clandestine military camp within Ethiopia. The move has raised concerns about press freedom in the region, as the Ethiopian government has not provided a detailed explanation for the revocation. The report by Reuters highlighted tensions in the Horn of Africa, a region already fraught with political and military challenges. The Ethiopian authorities have yet to comment on the specifics of the report or the reasons behind the journalists' accreditation cancellation.

#Ethiopia #Reuters #Journalists #AccreditationRevocation #PressFreedom #HornOfAfrica #Sudan #MilitaryCamp #RebelFighters #Bloomberg #X

🚀 GEOPOLITICS | Economists Predict Japan's Intervention in Currency Market to Curb Yen Weakness

A recent survey conducted by Reuters reveals that 69% of economists anticipate Japan's intervention in the currency market to address the weakening yen. According to Jin10, the survey indicates that the USD/JPY exchange rate reaching 160 could likely trigger such intervention. The economists' consensus highlights concerns over the yen's depreciation and its potential impact on Japan's economy. The survey underscores the growing expectation for governmental action to stabilize the currency and mitigate adverse economic effects.

#GEOPOLITICS #Japan #YenWeakness #CurrencyMarket #Economists #Intervention #USDJPY #EconomicImpact #GovernmentAction #Reuters

🚀 Japan's Central Bank Expected to Raise Key Interest Rate by Mid-Year

A recent Reuters survey indicates that 58% of economists anticipate the Bank of Japan will increase its key interest rate to 1% by the end of June. According to Jin10, this marks a significant rise in expectations compared to a January survey, where only 36% of economists predicted such an adjustment. The potential rate hike reflects growing confidence in Japan's economic recovery and the central bank's efforts to manage inflation.

#Japan #CentralBank #InterestRate #BankofJapan #Economics #Inflation #EconomicRecovery #Reuters #Survey

🚀 Czech Central Bank Expected to Maintain Interest Rate at 3.50%

A recent survey conducted by Reuters indicates that all 17 analysts interviewed anticipate the Czech Central Bank will keep its benchmark interest rate steady at 3.50% during the upcoming meeting on March 19. According to Jin10, this consensus reflects the current economic conditions and the central bank's approach to monetary policy. The decision to maintain the rate is seen as a response to ongoing economic indicators and market stability considerations. Analysts believe that the central bank aims to balance inflationary pressures while supporting economic growth. The meeting's outcome will be closely watched by investors and market participants for any signals regarding future monetary policy adjustments.

#CzechCentralBank #InterestRate #3.50% #MonetaryPolicy #EconomicGrowth #Inflation #MarketStability #Investors #Reuters #Jin10

🚀 U.S. PCE Inflation Rate Forecast Revised Upward, Reuters Survey Indicates

A recent survey conducted by Reuters reveals an upward revision in the projected U.S. Personal Consumption Expenditures (PCE) inflation rate for the upcoming quarters. According to Jin10, the survey anticipates average PCE inflation rates of 3.3% for the second quarter, 3.1% for the third quarter, and 2.9% for the fourth quarter. These figures represent an increase from the previous forecast made on March 12, which predicted rates of 2.8%, 2.7%, and 2.5% for the respective quarters. The revised projections suggest a higher inflationary trend than initially expected, reflecting changes in economic conditions and market dynamics.

#US #PCE #Inflation #Forecast #Reuters #Economy #MarketTrends #EconomicData

🚀 Colombian Central Bank Expected to Raise Interest Rates, Analysts Say

According to Jin10, a Reuters survey of 19 analysts reveals that 14 expect the Colombian central bank to increase interest rates by 100 basis points to 11.25% in March. Meanwhile, four analysts predict a 75 basis point hike to 11%, and one analyst anticipates a 150 basis point increase to 11.75%.

#Colombia #CentralBank #InterestRates #Economy #Finance #Inflation #MonetaryPolicy #Jin10 #Reuters

🚀 Major Banks Forecast U.S. Wage Growth Trends

According to Jin10, several major banks have released their forecasts for the U.S. average hourly wage growth. Citibank predicts an annual growth rate of 3.5%, while JPMorgan Chase and TD Securities both forecast 3.6%. Barclays, Capital Economics, and several others expect a 3.7% increase. HSBC, UBS, and BNP Paribas anticipate a growth rate of 3.8%, aligning with the previous value.

For the monthly wage growth, Citibank projects a modest increase of 0.1%, with JPMorgan Chase, Mizuho Bank, and TD Securities forecasting a 0.2% rise. Wells Fargo and Imperial Bank expect a 0.3% growth, while Barclays and several others align with this prediction. Goldman Sachs, HSBC, and Moody's Analytics also foresee a 0.3% increase.

Nomura Securities, UBS, and Sumitomo Mitsui project a 0.3% rise, while BNP Paribas and Bank of America anticipate a 0.4% growth. Standard Chartered and Helaba Bank forecast a 0.4% increase, with Lloyds Bank slightly higher at 0.43%. Reuters' survey indicates an expected monthly growth rate of 0.3%.

#USWageGrowth #HourlyWage #WageForecast #EconomicTrends #BankForecasts #Citibank #JPMorgan #TD_Securities #Barclays #HSBC #UBS #BNPParibas #GoldmanSachs #MoodyAnalytics #Nomura #SumitomoMitsui #BankOfAmerica #StandardChartered #LloydsBank #Reuters