From the ECB's perspective, they're in a real sweet spot. They've cut rates down to 2.15% from a high of 4.50%, which has put some stimulus in the pipeline but has also left them with some dry powder if they need to cut further.
From the ECB's perspective, they're in a real sweet spot. They've cut rates down to 2.15% from a high of 4.50%, which has put some stimulus in the pipeline but has also left them with some dry powder if they need to cut further.
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A $20 billion private bank loan to support Argentina's President Milei is stalled as lenders, including JPMorgan and Goldman Sachs, demand a U.S. Treasury backstop before lending to the "virtually-bankrupt" nation.
FHFA Director William Pulte confirmed the Trump administration is "opportunistically evaluating" a public offering for Fannie Mae and Freddie Mac, potentially by end-2025, to finally end their 2008-era government conservatorship.
Despite a 2.6% rise in September tax collections, Germany's finance ministry has warned that weak economic momentum, highlighted by falling exports and stagnant growth, will limit future revenue. 😟
The US Treasury proposes additional tariffs of up to 100% on Nicaragua. Trump proposes restricting CAFTA-DR benefits to Nicaragua.
New Zealand September trade balance -1355mn NZD (prior -1185mn)
AUD/USD - analysts nominate 0.6420 level as the one to watch. Standard Chartered on RBA repricing after the soft jobs report last week.
Trump threatened China with 155% tariffs. Taco man becoming random number guy. Trump says China faces 155% tariffs if they don't make a deal. As if.
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