27th August 2024
- Fed’s Daly Agrees With Powell View That It’s Time to Cut Rates
Daly says central bank remains committed to 2% inflation goal
SF Fed chief says officials should avoid harming labor market
https://blinks.bloomberg.com/news/stories/SIU84AT1UM0W
- Fed Cuts May Send $1 Trillion FX ‘Avalanche’ to China, Jen Says
Firms may convert foreign-exchange into yuan as Fed cuts
Such a move may lead to a 10% advance in the yuan: Stephen Jen
https://blinks.bloomberg.com/news/stories/SIKHM1DWRGG0
- Canada to Curb Foreign-Worker Influx After Jobless Rate Jump (2)
Government bring back restrictions on hiring temporary staff
‘It’s not fair to Canadians struggling to find a good job’: PM
https://blinks.bloomberg.com/news/stories/SIU9Q0DWRGG0
- UK Shop Prices Fall for First Time in Almost Three Years
Retailers were forced to cut prices in August, trade body says
Consumers are still cautious on spending after high inflation
https://blinks.bloomberg.com/news/stories/SIO9OOT0G1KW
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