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Financial News: Fed Member Says Rate Cut May Be Imminent

Fed Member Says Rate Cut May Be Imminent

06/03/2019 - 15:00:00 (RTTNews)

(RTTNews) - A U.S. interest rate cut "may be warranted soon" given the rising risk to economic growth from President Trump's trade wars as well as weak U.S. inflation, St. Louis Federal Reserve president James Bullard said Monday.

The Fed "faces an economy that is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty, he said.

This comes after a top analyst warned of a possible recession. If trade wars persis, "the global cycle will be at risk," Morgan Stanley chief economist Chetan Ahya wrote in a note Sunday.

"We could end up in a recession in three quarters," he said.

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INTERNATIONAL FINANCIAL NEWS

Bank Of England Keeps Rate Unchanged; Cuts Q2 Growth Outlook

06/20/2019 - 07:28 AM (RTTNews)
(RTTNews) - The Bank of England maintained its interest rate and quantitative easing, as widely ex ...Full Story>>

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06/20/2019 - 07:12 AM (RTTNews)
(RTTNews) - Switzerland's exports fell for the third month in May, while imports rose, data fr ...Full Story>>

Slovenia Output Price Inflation Slows In May

06/20/2019 - 06:54 AM (RTTNews)
(RTTNews) - Slovenia's output prices slowed in May after rising in the previous month, figures ...Full Story>>

Japan All Industry Activity Rises In April

06/20/2019 - 06:52 AM (RTTNews)
(RTTNews) - Japan's industrial activity rose for the first time in three months in April, figu ...Full Story>>

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06/20/2019 - 06:46 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence fell slightly in June, survey data from Statistics D ...Full Story>>
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