Foreign 1. Goldman Sachs: Lower the forecast for the Federal Reserve to cut interest rates this year to 75 basis points. 2. DBS Bank: The impact of Trump's tariffs on the Thai economy is the most damaging. 3. Holland International: The exchange rate of the Korean won against the US dollar may further weaken. 4. Mitsubishi UFJ: Further decline in the yen may accelerate the Bank of Japan's interest rate hike. 5. Maybank: It is expected that oil will fluctuate sharply in 2025, and the average price...
South Korean Finance Minister: This year's economic forecast is inevitable, and severe measures will be taken against any sharp foreign exchange fluctuations.
The State Department downgraded its travel alert to China from Level 3 to Level 2.
The Fed is considering a five basis point cut in the reverse repo rate as a technical adjustment, according to meeting notes. Some participants said it may be appropriate to consider resetting the overnight reverse repo rate to the bottom of the target range for the federal funds rate in the future.
On November 1st, the Ministry of Commerce, the China Securities Supervision Commission, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration of Taxation, the State Administration of Market Regulation, and the State Administration of Foreign Exchange revised and issued the "Measures for the Administration of Strategic Investment by Foreign Investors in Listed Companies". The revised "Measures" relax the asset requirements of foreign inves...
The Fed meeting notes that the vast majority of members support a 50 basis point cut in interest rates.
President Joe Biden said the job of fighting inflation was not done; that lowering borrowing costs would help growth; that interest rates were expected to fall further; that the Fed's rate cut signaled a new phase in the economy and recovery; and that he respected the independence of the Fed, which he has not spoken to since entering the White House.
The Federal Reserve cut the target range for the federal funds rate by 50 basis points to 4.75% to 5.00%. US stocks rallied and fell, and the three major indexes closed down collectively. The Dow fell 0.25%, the S & P 500 fell 0.29%, and the Nasdaq fell 0.31%. Among them, the Dow and S & P 500 both hit new intraday highs.
Goldman Sachs cut its Brent crude oil price forecast range by $5/barrel to $70-85 and lowered its average Brent crude oil price forecast for 2025 to $77/barrel, from $82 previously.
OPEC cut its oil demand forecast before increasing supply.
The US Treasury cut its July-September borrowing forecast to $740 billion, previously expected to be $847 billion; it is expected to borrow $565 billion in the October-December quarter; the Fed's slowdown in quantitative tightening (QT) affects the Treasury's borrowing expectations.
On July 25th, the official website of Agricultural Bank of China showed that the Agricultural Bank of China lowered the RMB deposit interest rate on July 25th, among which the fixed deposit and take-up three months, half-year and one-year interest rates were reduced by 10 basis points, respectively 1.05%, 1.25%, 1.35%; two-year, three-year and five-year interest rates were reduced by 20 basis points to 1.45%, 1.75% and 1.80%. Zero deposit and take-up, zero deposit and take-out interest rates wer...
The IMF downgraded Ukraine's GDP growth forecast for 2024 to 2.5% -3.5%, a decrease of 0.5 percentage points; it downgraded Ukraine's GDP growth forecast for 2025 from 6.5% in March to 5.5%.