The Federal Reserve accepted a total of 45 counterparties in the fixed rate reverse repo operation of $98.356 billion, the first time since April 2021 below $100 billion. At the end of September 2022, the scale was as high as $2.426 trillion.
BlackRock released its Global Outlook 2025 report, saying that bitcoin, with its fixed supply and growing demand driven by investor confidence in its widespread adoption as a payment technology, has demonstrated its potential as a new type of diverse technology.
On November 30, the National Market Interest Rate Pricing Self-discipline Mechanism recently issued the "Proposal on Introducing" Interest Rate Adjustment Miscellaneous Provisions "in Deposit Service Agreements, requiring banks to include" interest rate adjustment miscellaneous provisions "in deposit service agreements signed with customers, effective from December 1, 2024. There is a misreading of this clause in the market, that is, if the deposit listing interest rate is reduced, then the prev...
Charudatta Shende, fixed income strategist at Candriam, the US investment manager, told a webinar that Candriam was taking a cautious stance on the US interest rate market. "We think rates are likely to rise and with that will come considerable volatility," he said. He said the policies of US president-elect Donald Trump would put upward pressure on inflation and support economic growth, although tariffs would ease that pressure to some extent. However, he added that the outlook for US fiscal po...
Whitney Watson, co-head of fixed income and liquidity solutions at Goldman Sachs Asset Management, expects the Fed to cut rates by 25 basis points in December. "However, with stronger data and the uncertain nature of fiscal and trade policy, there is a growing risk that the Fed may choose to slow the pace of easing," Mr. Watson said. "The word'skip 'could enter our vocabulary in 2025."
The Fed will cut interest rates by another 67 basis points in 2025.
Katharine Neiss, chief European economist at PGIM Fixed Income, said the Bank of England needed to be more convinced that inflation was on a downward trend before it could cut interest rates more quickly. The Bank of England's 25 basis point cut on Thursday did not surprise anyone, but Governor Bailey was cautious amid geopolitical headwinds, particularly from the US. Neiss said the UK now faced more potential inflationary shocks, "starting with the UK budget, which is more expansionary and infl...
On November 2nd, the Federal Reserve accepted a total of 41 counterparties in the fixed rate reverse repurchase operation of $155.476 billion, the first time since May 2021 below the level of $200 billion.
Horizon Robotics: Hong Kong IPO priced at HK $3.99, at the top of the price range.
On October 17th, a number of national banks will cut the RMB deposit listing interest rate again from October 18th. The cut in deposit interest rates involves various types such as demand and term. An employee of a large bank in eastern provinces told reporters that the bank will cut the current deposit listing interest rate by 5bp to 0.1% and the time deposit listing rate by 25bp. Other big bankers added that the three-month, one-year, three-year and other major time deposit listing rates of th...
Whitney Watson, Global Co-Head and Co-CIO, Fixed Income and Liquidity Solutions, Goldman Sachs: September CPI report was stronger than expected, with core CPI in particular unexpectedly rising. However, labor market data remains the dominant factor for the Fed, and we believe next month's employment data will be a more important data point in determining the pace and extent of Fed easing.
Tim Horan, chief information officer for fixed income at Chilton Trust, said strong job creation confirmed the Fed's approach and suggested a soft landing was just around the corner. Horan said that the higher-than-expected 254,000 of new non-farm payrolls in September allowed the Fed to be absolutely pragmatic, and even consider pausing (rate cuts) in November to digest the election results without worrying about falling behind the curve. With the job market performing quite well, the Fed can a...
Rick Rieder, chief investment officer for global fixed income at BlackRock, said the Fed will cut interest rates by another 25 basis points this year, in part to ease the burden on a large number of people who are suffering from high borrowing costs. But he also believes that the Fed will continue to cut interest rates until 2025 because interest rates are still too high relative to inflation. (Golden Ten)
The Israeli military said it had carried out a targeted strike in Beirut. Security sources said Israeli airstrikes hit the southern suburbs of Beirut.