Market Analysis

Australia Faces Economic Pain From Trump Win, Treasurer Warns
  • November 10, 2024

Australia Faces Economic Pain From Trump Win, Treasurer Warns

(Bloomberg) -- Australia faces the threat of short-term economic pain in the form of reduced output and further inflation pressures as a result of incoming US President Donald Trump’s policy agenda, according to Treasurer Jim Chalmers.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, Immigra

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Fed's Kashkari says broad-based US deportations could disrupt labor for some businesses
  • November 10, 2024

Fed's Kashkari says broad-based US deportations could disrupt labor for some businesses

WASHINGTON (Reuters) -Widespread deportation of foreign-born workers from the United States probably would disrupt some businesses, but the impact on inflation and the broad economy would depend on the details, Minneapolis Federal Reserve President Neel Kashkari said on Sunday. Kashkari, appearing on the CBS program "Face the Nation," offered his views on the economic impact of U.S. President-elect Donald Trump's campaign promise to deport immigrants who are in the United States unlawfully. "If you just assume people are working - either working in farms or working in factories - and those businesses now lose employees, that would probably cause some disruption," Kashkari said.

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Inflation data poses test for stocks rally after Trump win
  • November 10, 2024

Inflation data poses test for stocks rally after Trump win

NEW YORK (Reuters) -Investors will focus in the coming week on whether inflation trends can help sustain the record-breaking stock rally that has received a boost from Donald Trump's victory in the U.S. presidential race. The benchmark S&P 500 surged to an all-time high and hit the 6,000 level for the first time on Friday, as expectations of tax cuts and looser regulations under Trump helped lift the appetite for equities. A reassuring economic outlook from the Federal Reserve, which delivered a widely expected 25 basis point rate cut on Thursday, also helped boost sentiment.

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Egyptian Inflation Slightly Quickens for a Third Straight Month
  • November 10, 2024

Egyptian Inflation Slightly Quickens for a Third Straight Month

(Bloomberg) -- Egyptian inflation slightly quickened for a third month, driven by a sharp rise in fuel prices.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationAnnual consumer prices in urban areas rose 26.5% in October versus 26.4% the month before, state statistics agency CAPMAS

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Fed’s Kashkari Says Stronger Economy Could Mean Fewer Rate Cuts
  • November 9, 2024

Fed’s Kashkari Says Stronger Economy Could Mean Fewer Rate Cuts

(Bloomberg) -- Federal Reserve Bank of Minneapolis President Neel Kashkari said a strong economy and higher productivity growth may drive the US central bank to cut interest rates less than previously expected.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationKashkari, in his firs

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Fed's Kashkari: Both political parties want inflation lower
  • November 9, 2024

Fed's Kashkari: Both political parties want inflation lower

WASHINGTON (Reuters) -Minneapolis Federal Reserve President Neel Kashkari said he was not concerned about a potential clash between the Fed and President-elect Donald Trump because both major U.S. political parties want inflation lower. "I am not concerned about the dynamics in Washington," following Tuesday's election of Trump, Kashkari said in an interview on Fox News. "Both sides of the aisle want us to keep the economy strong and get inflation down."

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Frustrated Americans await the economic changes they voted for with Trump
  • November 9, 2024

Frustrated Americans await the economic changes they voted for with Trump

Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president. President-elect Donald Trump has vowed to topple many of the Biden administration's economic policies. Trump campaigned on promises to impose huge tariffs on foreign goods, slash taxes on individuals and businesses and deport millions of undocumented immigrants working in the United States.

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