Federal Reserve Bank of San Francisco President Mary Daly sees a high bar for slowing the central bank’s 75 basis-point pace of interest-rate increases, though she’s watching key data between now and their Nov. 1-2 meeting.
The rally in US stocks this week has triggered a bullish signal that could lift the S&P 500 by at least 3% from its last close, according to a Bank of America Corp. strategist.
Colombian President Gustavo Petro slammed the central bank’s decision to raise interest rates to a 14-year high, and floated a series of alternative measures including a tax on hot money flows.
Investors are offloading Italy’s bonds at the fastest pace since the pandemic first struck following a surprise warning from Moody’s Investors Service about the nation’s finances.
South Africa’s Eskom Holdings SOC Ltd. will continue to cut 4,000 megawatts from the national grid until 5 a.m. on Thursday due to persistent breakdowns curtailing generation capacity.
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