GDP, storm-impacted jobs numbers to set table ahead of Fed policy meeting

Quick Summary:

A week before Federal Reserve officials gather to reflect on the appropriate tempo of interest-rates cuts, three high-profile reports are set to show underlying resilience in the US economy and a temporary hiccup in job growth.

Godongwana’s speech will be closely watched for news on efforts to rein in runaway state debt, new economic growth targets and how the government with back President Cyril Ramaphosa’s pledge to turn the country into a construction site— including details on a credit-guarantee facility to boost private sector involvement in the plan.

The first glimpses of hard data that the European Central Bank will use to tailor its next easing move in December will be released this week, at a time when investors have increasingly priced in the chance of a half-point rate reduction.

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Article Details

Author / Journalist: Vince Golle and Craig Stirling

Category: BusinessStartups

Markets: PhilippinesAustraliaBrazilCanadaChileChinaColombiaFranceGermanyHong KongIndonesiaItalyJapanSouth KoreaMexicoPakistanPeruSouth AfricaSpainTaiwanThailand

Topics: September Inflation Rate Show Economy First Growth Report Likely Percent Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 13:26:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1214 words

Reading Time: 7 minutes read

Sentences: 46 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23264891

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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