DZ Alliance: Unlock Your Financial Potential

September 24, 2024

Mexico’s Annual Inflation Slows and Sets Up Another Rate Cut

(Bloomberg) -- Mexico’s headline inflation slowed more than expected in early September, giving Banco de Mexico room to cut borrowing costs for a second straight month at this week’s interest rate meeting.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportNY’s MTA

September 24, 2024

Fed's Bowman: Lingering inflation risks warrant more cautious cuts

U.S. Federal Reserve Governor Michelle Bowman said on Tuesday key measures of inflation remain "uncomfortably above" the Fed's 2% target, warranting caution as the Fed proceeds with cutting interest rates. Bowman said she agreed that progress on lowering inflation since it peaked in 2022 means it is time for the Fed to reset monetary policy. "Core" inflation refers to the Personal Consumption Expenditures price index stripped of food and energy costs, which Fed officials consider a good guide to overall inflation trends and which Bowman said she expects was running still at around 2.6% through August.

September 24, 2024

Bowman Says Fed Must Keep Eye on Inflation, Upside Risks Remain

(Bloomberg) -- Federal Reserve Governor Michelle Bowman said the central bank should lower interest rates at a “measured” pace, arguing that inflationary risks remain and that the labor market has not shown significant weakening. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northern Ireland’s

September 24, 2024

Exclusive-German institutes expect economy to contract again in 2024, say sources

BERLIN (Reuters) -Germany's leading economic institutes have downgraded their forecast for 2024 and now see Europe's largest economy shrinking by 0.1%, people familiar with the figures from the autumn joint economic forecast told Reuters on Tuesday. Germany's economy was the weakest among its large euro zone peers last year with a 0.3% contraction. Inflation was expected to fall to 2.2% this year, from 5.9% last year, the sources said.

September 24, 2024

Mexico's inflation undershoots forecasts ahead of rate decision

In Latin America's second-largest economy, 12-month headline inflation came in at 4.66% in early September, statistics agency INEGI said, below both the previous month's 5.16% and the 4.73% forecast by economists polled by Reuters. The key figure remains above the Bank of Mexico's (Banxico) 3% target, plus or minus one percentage point, but will likely open the door for it to maintain a monetary easing cycle on Thursday, when it is set to announce its next policy decision. Mexico's central bank last month lowered borrowing costs by 25 basis points to 10.75% in a divided vote.

September 24, 2024

Credit Agricole Joins Rush for Unusual Capital as Fed Cuts Rates

(Bloomberg) -- Credit Agricole SA is looking to raise capital with a bond that has to be repaid after only a decade, adding to a recent raft of longer-duration instruments as investors look to take advantage of the Federal Reserve’s rate cuts.Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesWaiting for the Miracle of Church-to-Housing DevelopmentBelfast’s Grand Central Station Creates New Era for Northe

September 24, 2024

Spain to Sell 12-Year Inflation-Linked Bonds Through Syndication

(Bloomberg) -- Spain is selling new 12-year debt through banks to capitalize on strong investor demand, following a record-breaking Italian bond offering earlier this month. Most Read from BloombergUnlocking the Hidden Power of Zoning, for Good or BadEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesBelfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportWaiting for the Miracle of Church-to-Housing DevelopmentInitial guidance suggests the inflation-

September 12, 2024

Stock market today: Wall Street is steady following economic reports with few surprises

U.S. stocks are drifting in mixed trading Thursday following a couple reports on the economy that came in close to expectations. In the bond market, the yield on the 10-year Treasury rose to 3.69% from 3.66% late Wednesday.

September 12, 2024

Oil Rises for Second Day as Storm Hits Gulf, Algo Selling Slows

(Bloomberg) -- Oil gained for the second straight day after storm Francine disrupted crude production in the Gulf of Mexico and algorithm-driven traders took a break from sharp selling in recent sessions. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants, AI-Powered Screening Can Be a New Barrier to HousingHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit T

September 12, 2024

The Palestinian economy is in free fall and will require billions to rebuild, the UN says

The Palestinian economy is “in free fall,” the United Nations reported Thursday, with production in Gaza plunging to one-sixth of its level before Israeli forces began a blistering military response to the Oct. 7 attacks in the territory. The report from UN Trade and Development, or UNCTAD, also warned of “rapid and alarming economic decline" in the West Bank, citing expanded Israeli settlements, land confiscations, demolition of Palestinian buildings and violence by settlers. The report made no mention of corruption in Palestinian institutions.

Market Analysis

DZ Alliance