US Dollar:
1. JPMorgan Chase: US GDP growth is expected to slow to near-stagnation over the next two quarters.
2. OECD: The Federal Reserve is expected to cut interest rates again in 2025, with two more cuts in early 2026. US economic growth is projected to slow to 1.8% in 2025 (previously forecasted at 1.6%).
3.
Federal Reserve - ① Goolsbee: A 50 basis point rate cut is not currently under consideration. The Fed rate is likely to stabilize around 3%. ② Bowman: Three rate cuts are expected in 2025. ③ Bostic: The current real neutral rate is 1.25%; at some point in the future, support may be placed on an inflation target range of 1.75% to 2.25%. ④ Powell: The policy rate remains somewhat restrictive, but allows us to better respond to potential economic developments. ⑤ Fed spokesperson: Powell believes interest rates remain tight, potentially opening up room for further rate cuts.
Major non-US currencies:
1. The South Korean government will issue 500 billion yen in yen-denominated bonds.
2. New Zealand's Finance Minister appointed Anna Breman as Governor of the Reserve Bank of New Zealand for a five-year term, effective December 1st.
3. Japanese Prime Ministerial candidate Sanae Takaichi: The government has the responsibility to determine the direction of fiscal and monetary policy, but the means of implementing monetary policy should be determined by the Bank of Japan.
4. Former Bank of Japan board member Seiji Adachi: The Bank of Japan is likely to raise its economic and price forecasts in its October quarterly outlook report.
5. Bank of England Chief Economist Peel: We may need to maintain a tight monetary policy.
Others:
1. Hungary kept its benchmark interest rate unchanged at 6.5%, in line with market expectations.
2. The Central Bank of Sri Lanka kept its overnight policy rate unchanged at 7.75%.
3. Swedish think tank Niel: The Swedish Riksbank is expected to maintain its policy rate at 1.75% by the end of the year.
