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Updated

U.S. home prices forecast to rise modestly as Fed cuts rates – Reuters poll

BY Reuters  • August 30, 2024August 30, 2024
By Sarupya Ganguly BENGALURU (Reuters) – U.S. home prices will rise relatively modestly this year and next despite tight supply and expected U.S. Federal Reserve interest rate cuts, according to[...]
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US dollar rises broadly as inflation data underpins smaller Fed cut

BY Reuters  • August 30, 2024August 30, 2024
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar gained on Friday after data showed a key inflation measure came in line with forecasts, while personal spending and income increased, su[...]
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Solid US consumer spending pushes against hopes for hefty Fed rate cut

BY Reuters  • August 30, 2024August 30, 2024
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending increased solidly in July, suggesting the economy remained on firmer ground early in the third quarter and arguing against a half-[...]
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European shares inch up to record high as inflation data sets stage for ECB rate cut

BY Reuters  • August 30, 2024August 30, 2024
By Pranav Kashyap and Lisa Pauline Mattackal (Reuters) -European shares rose to an all-time high on Friday, closing a turbulent month on a bright note after a significant drop in euro zone inflation c[...]
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FTSE 100 hits 3-month high amid rate-cut hopes; energy shares weaken

BY Reuters  • August 30, 2024August 30, 2024
By Khushi Singh (Reuters) -The UK’s main stock index hit over a three-month high on Friday, clocking gains for the topsy-turvy month, with real estate shares in the lead as interest rate-cut hop[...]
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Fed seen poised for September rate cut as inflation cools

BY Reuters  • August 30, 2024August 30, 2024
By Ann Saphir (Reuters) -Federal Reserve policymakers on Friday got fresh confirmation that inflation is continuing to ease, clearing the way for a first interest rate reduction next month as they shi[...]
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India outperforms other major economies even as growth slows in April-June

BY Reuters  • August 30, 2024August 30, 2024
By Manoj Kumar NEW DELHI (Reuters) -India’s economic growth slowed to 6.7% year-on-year in the April-June quarter as a decline in government spending during national elections weighed, data show[...]
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Explainer-Charting the Fed’s economic data flow

BY Reuters  • August 30, 2024August 30, 2024
(Reuters) -The U.S. central bank held its benchmark overnight interest rate steady in the 5.25%-5.50% range at the conclusion of its July 30-31 policy meeting, but since then Federal Reserve Chair Jer[...]
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Canada’s growth stronger than expected, bank still seen cutting rates

BY Reuters  • August 30, 2024August 30, 2024
By Promit Mukherjee OTTAWA (Reuters) -Canada’s economy grew faster than expected in the second quarter, data showed on Friday, but analysts said the central bank was still on track to cut rates[...]
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