(Reuters) -Federal Reserve Bank of New York President John Williams supports more interest rate cuts this year in view of the risk of a further slowdown in the labor market, he said in an interview published by the New York Times on Thursday. "My own view is that yes, we would have lower rates this year, but we’ll have to see exactly what that means," Williams told the newspaper. "The risk that inflation got well above 2% and we didn't bring it back down would be very damaging to the economy and to our c ...

Market Overview - U.S. stock futures declined on Tuesday following gains on Monday, with major indices showing lower futures as a government shutdown looms [1][2] - The Dow Jones, S&P 500, Nasdaq 100, and Russell 2000 futures fell by 0.20%, 0.16%, 0.14%, and 0.19% respectively [3] Sector Performance - On Monday, information technology, financial, and consumer discretionary sectors led gains, while energy and communication services sectors closed lower [4] - Nvidia Corp. shares rose approximately 2%, with other AI-related stocks like AMD and Micron also gaining [5] Economic Indicators - U.S. pending home sales increased by 4% in August, marking the largest gain in five months, contrasting with a 0.4% decline in the previous month [6] - The 10-year Treasury bond yielded 4.13%, while the two-year bond was at 3.60%, indicating market expectations for potential interest rate cuts by the Federal Reserve [2] Analyst Insights - Economist Jeremy Siegel noted that inflation data aligns with market expectations, suggesting a stable economic environment conducive to further interest rate cuts [10][11] - Siegel projects full-year GDP growth around 2.4%-2.5%, indicating a healthy economy without overheating [12] - Goldman Sachs' strategist identified potential risks including a growth shock, rate shock, and a significant dollar devaluation that could impact market stability [15] Company-Specific Developments - Lamb Weston Holdings Inc. is expected to report earnings of 55 cents per share on revenue of $1.62 billion [18] - Paychex Inc. is projected to report earnings of $1.21 per share on revenue of $1.54 billion [18] - Progress Software Corp. raised its full-year 2025 revenue guidance to $975 million to $981 million, exceeding previous estimates [20]

The dollar index (DXY00) on Thursday rose by +0.64% to a 3-week high. The dollar rallied as Thursday’s US economic reports were hawkish for Fed policy.  US Q2 GDP expanded more than expected, weekly jobless claims unexpectedly fell to a 2-month low, and August core (ex-defense and aircraft) capital goods new orders rose more than expected.  Also, Thursday’s weakness in stocks boosted some liquidity demand for the dollar.  The dollar added to its gains on Thursday on hawkish comments from Kansas City Fed Pr ...

Federal Reserve Bank of Chicago President Austan Goolsbee said, "rates can go down a fair bit more from where they are even now," if economic data shows inflation is on track to reach the central bank's target and the labor market remains steady. Goolsbee see the US economy in a "weird environment" with the job market cooling and inflation rising. He spoke Thursday during an event in Grand Rapids, Michigan. ...

(Bloomberg) -- Sweden’s central bank started its hunt for a new deputy governor to replace the outgoing Anna Breman, with bank economists, a pension fund chief and the head of an employers’ organization seen as potential picks.  Breman will leave after nearly six years in the job as she was named the head the Reserve Bank of New Zealand on Wednesday, sparking speculation about who might join Governor Erik Thedeen and three others on the five-member rate-setting board.  The Riksbank is currently facing a ...

CONCLUDED Stock Market News From Sept. 23, 2025: Nasdaq Falls 1% Last Updated: 4 hours ago Gold Keeps Pushing to New Highs By Kirk Maltais, Dow Jones Newswires Gold has again settled at a new record high–nearing $3,800 per troy ounce as the Federal Reserve keeps its options open for future rate cuts. Today marks the third consecutive session that gold has settled higher, and comments from Fed Chair Jerome Powell appear to allow for more rate cuts before the end of the year, although he also noted that the a ...

Core Viewpoint - Majority of economists are advocating for a reduction in policy rates due to lower inflation and strong economic growth, with a consultative meeting held by the Reserve Bank of India (RBI) to discuss these views [5][7]. Economic Indicators - Retail inflation has remained below the RBI's 4% target for seven consecutive months, recorded at 2.7% in August [5][7]. - The economy experienced a growth rate of 7.8% in the April-June quarter, surpassing expectations [5][7]. Monetary Policy Context - The RBI has already implemented a significant easing of monetary policy, including a half-percentage-point repo rate cut and a one-percentage-point reduction in the cash reserve ratio [6][7]. - The RBI maintained a neutral stance in its August meeting, keeping the policy rate unchanged at 5.5% after a previous cut [6][7]. Future Expectations - Economists from institutions like State Bank of India, Barclays, Nomura, and Morgan Stanley are predicting a quarter-percentage-point rate cut in the upcoming policy meeting [7]. - The next monetary policy committee meeting is scheduled for September 29, with the rate decision to be announced on October 1 [7].

Core Viewpoint - The State Bank of India (SBI) report suggests that a 25 basis points (bps) rate cut by the Reserve Bank of India (RBI) in September is the most favorable option due to controlled inflation and a positive outlook for further moderation [1][8] Inflation Outlook - Inflation is expected to remain benign, tracking below 2 percent in September and October without any Goods and Services Tax (GST) cut [2][8] - CPI numbers for FY27 are estimated to be around 4 percent or less, with potential for October CPI to fall to approximately 1.1 percent, the lowest since 2004 [5][8] Monetary Policy Committee (MPC) Meeting - The MPC is scheduled to meet on September 29 and 30, with a policy announcement expected on October 1, 2025 [5][8] Rate Cut Rationale - The report warns against the risk of repeating a Type 2 error by maintaining a neutral stance despite favorable conditions, emphasizing the need for calibrated communication from the central bank [1][5][8] - Post-June, the threshold for rate cuts has increased, necessitating careful messaging from the RBI [1][8] CPI Inflation Projections - SBI anticipates that CPI inflation may decline further by 65-75 bps due to expected GST rationalization [6][8] - Historical data from 2019 indicates that reducing GST rates for common goods led to a 35 bps decline in overall inflation within a few months [6][8] - With the new CPI series, further moderation of 20-30 bps in inflation is expected, keeping CPI inflation at the lower end of the target band of 4 percent plus-minus 2 percent for FY26 and FY27 [7][8]

FRANKFURT, Germany (AP) — The European Central Bank left interest rates unchanged Thursday with inflation back under control and the economy weathering Trump’s tariff onslaught better than expected. The bank’s rate-setting council left its benchmark deposit rate unchanged at 2% at a meeting at its skyscraper headquarters in Frankfurt. The focus in Europe has shifted to the fiscal crisis in France and any possible role for the ECB in containing potential market turmoil that could erupt from the country’s ...

Group 1 - The U.S. Federal Reserve is mandated to support a healthy jobs market and control inflation by adjusting the federal funds rate based on unemployment and CPI deviations from target levels [1] - Currently, the Fed faces a dilemma as job creation is significantly below expectations while CPI remains above the 2% target, complicating policy decisions [2][10] - Wall Street anticipates an interest rate cut at the upcoming Fed meeting on September 16 and 17, despite the conflicting economic indicators [3][9] Group 2 - The CPI surged by 8% in 2022, marking a 40-year high due to pandemic-related stimulus and supply chain issues, which negatively impacted consumer spending and corporate profits [5] - In response, the Fed raised the effective federal funds rate from 0.1% to 5.33% over 18 months, successfully reducing CPI to 4.1% in 2023 and trending towards the 2% target [6][7] - The Fed has not yet cut interest rates in 2025, but a weakening job market may necessitate action in the near future [9][10] Group 3 - The Bureau of Labor Statistics reported that the U.S. economy added 73,000 jobs in July, falling short of the 110,000 estimate, with prior months' job numbers revised down by 258,000, indicating worse economic performance than expected [11]