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2024
December
11
📰 NEW FRENCH PM SET TO BE NAMED ON THURSDAY: GOVT SOURCE
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📰 NEW FRENCH PM SET TO BE NAMED ON THURSDAY: GOVT SOURCE
December 11, 2024
Frank
NEW FRENCH PM SET TO BE NAMED ON THURSDAY: GOVT SOURCE
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📰 AGAINST DECEMBER RATE CUT Despite CPI aligning with forecasts, expectations for a Fed rate cut in December rose, with Wall Street reacting positively. However, not all agree, with Steven Ricchiuto from Mizuho Securities questioning the move, citing focus on employment over the 2% inflation target and rising shelter costs. He warns of long-term risks from unnecessary cuts, predicting fiscal stimulus from new policies. Rate cut probability dropped to ~95% for next week.
📰 UK PLANS TO CUT OVER 10,000 CIVIL SERVICE JOBS: GUARDIAN
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