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2024
November
6
📰 SAUDIS PLAN $100 BILLION AI POWERHOUSE TO RIVAL UAE’S TECH HUB
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📰 SAUDIS PLAN $100 BILLION AI POWERHOUSE TO RIVAL UAE’S TECH HUB
November 6, 2024
Frank
SAUDIS PLAN $100 BILLION AI POWERHOUSE TO RIVAL UAE’S TECH HUB
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📰 FED FACES COMMUNICATION CHALLENGE AFTER TRUMP WIN It is beyond the Fed’s mandate to react to anticipated fiscal-policy changes, but that backdrop will be on central bankers’ radar right away, Jefferies Global Head of FX Brad Bechtel tells The Wall Street Journal. “Jay Powell has proved himself very effective at communicating, at keeping the ball right down the middle of the fairway,” Bechtel says. “I don’t think he’ll necessarily explicitly talk about any increased spending, but he’ll know in the back of his mind that there will be a positive economic impulse.” More Fed cuts this year are likely, but the central bank may hold rates steady next year at a higher rate than they would have under a Harris administration, Bechtel says.
📰 TREASURY WI 30Y YIELD 4.630% BEFORE $25B AUCTION
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