Nomura bucks consensus, sees Fed holding steady in December Nomura now expects the Federal Reserve to leave interest rates unchanged at its December 9–10 meeting, …
McDonald’s warns SNAP disruptions may hit low-income diners as shutdown drags on Info via Dow Jones/Market Watch. McDonald’s has warned that the partial freeze in …
Fed divisions deepen as policymakers split on inflation versus jobs. Info via the Wall Street Journal, in brief: The Federal Reserve’s once-united front on policy …
Chinese banks reportedly issuing ‘phantom loans’ to hit targets amid weak economy Chinese banks are reportedly resorting to “quick-lend-and-recover” tactics to meet government-mandated lending quotas …
Trump to revive offshore drilling in California, Alaska and Gulf in major policy reversal Info via a Wall Street Journal (gated) report. The Trump administration …
Goldman Sachs expects first U.S. job loss since 2020 as labor market cools Goldman Sachs economists expect U.S. nonfarm payrolls to have declined by around …
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). …