-- Surprisingly robust September job growth in the US undercut chances of another big reduction in interest rates from the Federal Reserve.Inflation in the euro area eased back below the European Central Bank’s target and an Iranian missile barrage on Israel heightened geopolitical risks. Crude oil prices surged this week on fears Israel’s response would include targeting energy infrastructure.
Service providers expanded in September at the fastest pace since February 2023, driven by a flurry of orders and stronger business activity. The survey suggests the economy was on solid footing at the end of the third quarter.Euro-area inflation slowed below the European Central Bank’s 2% target for the first time since 2021 — backing investor bets that interest rates may be lowered more quickly than previously anticipated.
With the last traces of the global inflation shock fading, the shift toward lower borrowing costs is about to maintain momentum as economies tread toward a new year fraught with unknowns. Now that the Fed has joined rich-world peers with its own initial interest-rate cut, lingering worries about consumer prices are increasingly poised to give way to concerns about growth around the world, according to Bloomberg Economics.
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Crystal Palace vs Liverpool: Prediction, kick-off time, TV, live stream, team news, h2h results, odds todayHaving left the club to join Monza this summer, Daniel Maldini is no longer a part of AC Milan. However, the Maldini name will always be synonymous with the Rossoneri and as such, it’s great news to...
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