Fed keeps benchmark rate at 5.5% again
The Fed preferred to pause and measure the effects of the past increases. ▪️ US economic activity continued to grow at a brisk pace in the third quarter. ▪️ Job…
US Treasury increases sales of longer-term securities
The Treasury said Wednesday it will sell $112 billion of longer-term securities at its so-called quarterly refunding auctions next week, which span 3-, 10- and 30-year Treasuries. The key difference…
Franc beats peers, with JPMorgan forecasting further gains
The Swiss franc was once again the strongest G-10 currency against the dollar this year, outperforming all of its peers in October. Investors including Amundi and J.P. Morgan Private Bank…
Saudi Arabia’s economy shrinks by most since 2020
Saudi Arabia’s economy suffered its biggest contraction since 2020 in the Q3 after the kingdom cut oil production to boost prices. GDP shrunk 4.5% in the third quarter compared to…