1. Last Friday, four Federal Reserve officials expressed concerns, in different forms, about a rate cut this week and the possibility of another rate cut in December, while Governor Waller advocated for further policy easing to support the weak labor market.
2. Federal Reserve Governor Milan: In my view, forecasts indicate another rate cut in December.
3. US Treasury Secretary Bessant: If inflation falls, the Fed should cut rates.
4. European Central Bank Governing Council member Rehn: Maintaining interest rates is reasonable, as there is considerable uncertainty about the inflation outlook for the next few years. There are both upside and downside risks to economic growth and inflation. Governing Council member Mueller: The economic situation has gradually improved. Current interest rate levels are appropriate. Interest rates have not hindered growth or pushed up inflation. Governing Council member Kazaks: The ECB will act if necessary, but should not be overly aggressive. The risks to growth and inflation are more balanced. Governing Council member Nagel: The Eurozone economy has not deviated from expectations; policy flexibility will be maintained to address uncertainty.
5. The Reserve Bank of India increased its short positions in the US dollar to curb the depreciation of the rupee.
