Fed Intends To Remain Flexible Regarding Future Interest Rate Cuts
Citing a lack of clarity about when the risks to the U.S. economy will be resolved, the minutes of the Federal Reserve's latest monetary policy showed the central bank intends to remain flexible regarding future changes to interest rates. The minutes of the Federal Open Market Committee meeting held in late July showed members intend to pay close attention to the implications of incoming data.
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Draghi To End ECB Tenure With - A Bang Or Buzz
European Central Bank President Mario Draghi is widely expected to announced a fresh round of stimulus measures on Thursday to rev up the euro area economy, a final push before the expiry of his term at the end of October. However, the group of hawkish policymakers opposed to a restart of the quantitative easing, or QE, has grown, casting doubts on the expectations for a big stimulus package.
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U.S. New Home Sales Rebound More Than Expected
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Reflecting an extension of the volatility seen in recent months, the Commerce Department released a report on Wednesday showing U.S. new home sales rebounded strongly in the month of August following a sharp pullback in the previous month. The Commerce Department said new home sales surged up by 7.1 percent to an annual rate of 713,000 in August.
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World Bank Forecasts Growth To Ease Across Europe, Central Asia
The World Bank forecast economic growth across Europe and Central Asia to ease this year reflecting the slowdown in both Russia and Turkey. According to the latest World Bank Economic Update for Europe and Central Asia, released Wednesday, growth in the emerging and developing countries of Europe and Central Asia is set to ease to a four-year low of 1.8 percent this year from 3.2 percent in 2018.
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IMF Says Global Growth Set To Be Lowest Since 2008-09; Outlook Precarious
Global economy is set to expand at the slowest pace in a decade this year amid weak manufacturing momentum, and rising trade and geopolitical tensions, the International Monetary Fund said Tuesday. The global lender cut the growth forecast for this year to 3 percent from 3.3 percent projected in April, in its latest World Economic Outlook.
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