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Stocks lap up Fed's fast 'recalibration', BoE up next

MORNING BID AMERICAS-Stocks lap up Fed's fast 'recalibration', BoE up next A look at the day ahead in U.S. and global markets from Mike Dolan After a typical skittish first-day reaction, world markets are on Thursday embracing the new Federal Reserve stance as insurance on the holy grail of a soft economic landing . Fed boss Jerome Powell described Wednesday's outsize half-point interest rate cut as a 'recalibration' rather than some panicky emergency, and investors are taking the move as a sign
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Why China's yuan may not follow the rate-cut playbook

BUZZ-COMMENT-Why China's yuan may not follow the rate-cut playbook Sept 19 (Reuters) - The Chinese yuan is appreciating Thursday in spite of bets on an imminent China rate cut , as risk-on follows the U.S. Federal Reserve slashing its policy rate Wednesday. Traders might get caught out if yuan appreciation extends. The consensus is clear that China now has a window to cut interest rates again ; Friday's monthly setting of benchmark one-year and five-year loan prime rates provides an opportunity
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China's yuan steady before key Fed meeting

China's yuan steady before key Fed meeting SHANGHAI, Sept 18 (Reuters) - China's yuan held steady against the U.S. dollar on Wednesday, as traders returned to work after the Mid-Autumn Festival break and ahead of the Federal Reserve's key rate decision. The Federal Open Market Committee (FOMC) meeting, which concludes later on Wednesday, is expected to kick off a U.S.
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China rate cut window opens as patience wears thin

BUZZ-COMMENT-China rate cut window opens as patience wears thin Sept 17 (Reuters) - The writing is on the wall: China's economic recovery is stalling and even robust external demand can't offset the domestic slump. Stronger stimulus can't be delayed further, as more global investors balk. Goldman Sachs and Citigroup on Monday downgraded their 2024 China GDP forecasts to below Beijing's 5% goal, joining a bevy of bearish brokerages.
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Fed hits easing week, China economy weak

MORNING BID AMERICAS-Fed hits easing week, China economy weak A look at the day ahead in U.S. and global markets from Mike Dolan After an extraordinary 30-month monetary squeeze designed to zap a post-pandemic inflation spike, the Federal Reserve is finally set to cut interest rates this week - and it's now only a matter of how much . With another set of weak industrial and retail readings from China on Saturday and the FBI on Sunday pursuing a second failed assassination attempt on Republican p
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