Podcasts about us federal reserve

30 Oct 2025. The US Federal Reserve has cut interest rates by a quarter of a percent and the UAE Central Bank followed immediately. We ask economist Daniel Richards what this means for UAE borrowers, savers, and the wider economy. Plus, the UAE’s ambassador to Japan, His Excellency Shihab Ahmed Al Faheem, joins us live as Asia takes centre stage this week. And it’s Halloweenomics - with cocoa prices climbing, we find out from Spinneys what that means for your sweet treats this season.See omnystudio.com/listener for privacy information.

① President Xi Jinping and President Donald Trump have agreed to strengthen China-US cooperation during their meeting in South Korea. Does the meeting present an opportunity for the two sides to move beyond an era of adversarial competition towards a more normal relationship? (00:48) ② Chinese Vice President Han Zheng has met with Saudi Crown Prince Mohammed bin Salman in Riyadh, with the two sides pledging to further promote cooperation. How is Beijing and Riyadh benefiting from their closer ties? (24:07) ③ China has announced plans to launch the Shenzhou-21 crewed mission to its space station. What's at stake in the mission? (34:20) ④ The US Federal Reserve has cut interest rates for a second time this year. What does it tell us about the uncertainty the US economy faces? (43:49)

The US Federal Reserve delivered a widely anticipated rate cut, but growing divisions among policymakers spooked markets. Strong AI-driven spending fuelled big-tech earnings, but the outlooks dented the bullish mood. Eurozone markets gained on robust banking performance, while the main indices in the UK and Spain hit another all-time high. The Bank of Japan opted to leave rates unchanged at its meeting today. The meeting between Presidents Trump and Xi ended and has eased some global trade concerns – but underlying tensions persist. Norbert Rücker, Head of Economics and Next Generation Research, talks about rare earths as well as oil in light of the latest sanctions.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:31) - Markets wrap-up: Mike Rauber, Product & Investment Content (07:41) - Oil and rare earths: Norbert Rücker, Head of Economics & Next Generation Research (13:05) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

Get the latest updates impacting the Nifty and Sensex! In today's market summary, we cover the significant global and Indian economic developments.The US Federal Reserve announced its second rate cut of 25 basis points, but future cuts are uncertain due to elevated inflation and tariff risks. Globally, Nvidia crosses a massive $5 Trillion valuation fueled by the relentless AI boom and key 6G partnerships. Domestically, India is considering a crucial $12 Billion bailout plan for power distributors, linked to mandatory privatization and structural reforms.We also deep-dive into the strong Q2/Q3 earnings season, featuring:- L&T: Huge 45% jump in order inflows with strong international contribution.- PB Fintech: 164% profit surge driven by renewal flywheel and cost control.- Varun Beverages (VBL): Major pivot into the alcoholic beverages segment.- CG Power: Robust backlog and announcement of new switchgear capex.- APL Apollo Tubes: Record profitability driven by value-added products mix.- Five-Star Business Finance: Solid AUM and NII growth.Stay ahead of the market and understand the factors driving stock performance!

The US Federal Reserve has lowered interest rates for the second time this year, despite having only partial data to assess the state of the economy because of the ongoing government shutdown. The quarter percentage point cut brings the Federal Funds Rate to a range of 3.75 percent to 4 percent. The central bank also announced it would stop reducing the size of its balance sheet in December.  Also in this segment: Boeing posts a $5.4 billion third-quarter loss, weighed down by delays in its 777X rollout. 

Singapore shares dipped today even as most Asian markets traded in the green. The Straits Times Index was down 0.34% at 4,435.25 points at 12.10pm Singapore time, with a value turnover of S$521.12M seen in the broader market. In terms of counters to watch, we have Keppel REIT, after the manager of the Reit posted a 0.6 per cent lower distributable income of S$159.6 million for the first nine months of its financial year. Elsewhere, from Toyota Motor’s comments that it did not explicitly promise a new US$10 billion investment in the United States, to one last look at the expectations ahead of the US Federal Reserve’s next monetary policy move, more corporate and international headlines remained in focus. Plus – how Amazon is setting aside another US$5 billion for investment in South Korean data centres. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.See omnystudio.com/listener for privacy information.

On Wednesday, the US Federal Reserve cut interest rates by 25 basis points, following its 25-basis-point cut in September. But amid a government shutdown limiting key data and questions about who will succeed Chair Jerome Powell, what comes next is anyone’s guess. On today’s Big Take podcast, Bloomberg reporters Amara Omeokwe and Enda Curran join host David Gura to break down the path forward for the central bank: from the shutdown’s impact on its decision-making to the leading contenders for Powell’s position when his term ends in May. Read more: Powell Says December Rate Cut ‘Far From’ Forgone Conclusion Here Are the Five Contenders to Replace Powell as Fed Chair The Economic Data Lost in a ShutdownSee omnystudio.com/listener for privacy information.

China's industrial profits grew at its fastest pace in nearly two years in September, official data showed on Monday, as policy measures to rein in rat-race competition helped ease pressure on manufacturers despite lingering domestic and external headwinds.官方数据于周一显示，尽管国内外不利因素仍存，但随着遏制无序竞争的政策措施帮助缓解了制造商的压力，9月中国工业利润增速达到近两年来的最高水平。Analysts attributed the rebound in corporate profitability to firmer prices and resilient industrial output, supported by Beijing's pro-growth policies, pointing to a stabilizing economy buoyed by the strong performance of the new quality productive forces.分析师认为，在国家稳增长政策的支撑下，产品价格趋稳以及工业产出保持韧性，推动了企业盈利能力的回升。他们指出，得益于新质生产力的良好发展态势，中国经济正趋于稳定。Looking ahead, they expect the recovery momentum to extend into the fourth quarter, with policymakers likely to intensify countercyclical adjustments to boost domestic demand, spur market confidence and reinforce internal growth drivers — keeping China on track to meet its full-year growth target.展望未来，分析师预计复苏势头将延续至第四季度。政策制定者可能会加大逆周期调节力度，以扩大内需、提振市场信心并强化内生增长动力，确保中国能够实现全年经济增长目标。China's industrial enterprises with an annual revenue of at least 20 million yuan ($2.8 million) saw their total profits soar 21.6 percent year-on-year in September, following a 20.4 percent jump in August, marking the largest gain since November 2023, data from the National Bureau of Statistics showed on Monday.国家统计局周一发布的数据显示，9月，年营业收入2000万元（约合280万美元）及以上的中国工业企业，其实现利润总额同比激增21.6%；8月该指标同比增幅为20.4%。这意味着9月工业利润增幅创下2023年11月以来的最高纪录。During the first nine months of the year, profits at major industrial companies grew to 5.37 trillion yuan, a year-on-year increase of 3.2 percent, following a 0.9 percent rise in the first eight months.今年前9个月，规模以上工业企业实现利润5.37万亿元，同比增长3.2%；前8个月该指标同比增幅为0.9%。Wen Bin, chief economist at China Minsheng Bank, said: "The strong growth in September's industrial profits was largely driven by a low base from last year, combined with stabilizing production, easing price pressures and improving profit margins."中国民生银行首席经济学家温彬表示：“9月工业利润的强劲增长，很大程度上得益于去年同期的低基数效应，同时也受到生产企稳、价格压力缓解以及利润率改善等因素的综合推动。”NBS data showed China's industrial output surged 6.5 percent year-on-year in September after a 5.2 percent rise in August, marking the first acceleration in three months.国家统计局数据显示，9月中国工业增加值同比增长6.5%，较8月的5.2%有所提升，这是该指标近三个月来首次出现增速加快。Meanwhile, China's producer price index — which measures factory-gate prices — fell 2.3 percent year-on-year in September, easing from a 2.9 percent drop in August.与此同时，9月中国工业品出厂价格指数（PPI，衡量工厂端产品价格水平）同比下降2.3%，降幅较8月的2.9%有所收窄。Wen also noted that "structural bright spots are a key part of the rebound in corporate profitability", underpinned by the robust performance of high-tech manufacturing and equipment manufacturing sectors.温彬还指出，“结构性亮点是企业盈利能力回升的关键因素”，而高新技术制造业和装备制造业的强劲表现为这一亮点提供了支撑。According to the NBS, profits in high-tech manufacturing industries surged 26.8 percent in September, driving overall industrial profit growth to accelerate by 6.1 percentage points.国家统计局数据显示，9月高新技术制造业利润同比激增26.8%，拉动全部工业利润增速加快6.1个百分点。For the first nine months, profits in equipment manufacturing industries soared 9.4 percent, contributing 3.4 percentage points to overall profit growth.今年前9个月，装备制造业利润同比大幅增长9.4%，对全部工业利润增长的贡献率达到3.4个百分点。Citing the faster profit growth among private sector and foreign companies, Wen said that it indicates market expectations are improving, and business confidence is recovering.温彬提到，私营企业和外资企业利润增速加快，这表明市场预期正在改善，企业信心逐步恢复。Looking ahead, he said the fourth quarter will likely see steady growth in industrial profits with the government's effective measures to curb involution competition, easing price pressures and improving corporate profitability.他表示，展望未来，随着政府采取有效措施遏制行业内卷、价格压力进一步缓解以及企业盈利能力持续改善，第四季度工业利润有望保持稳定增长。In the communique of the fourth plenary session of the 20th Central Committee of the Communist Party of China, which was released on Thursday, policymakers called for "resolutely achieving the economic and social targets set for this year", suggesting they will ensure GDP growth will reach the "around 5 percent" growth target.中共二十届四中全会公报于周四发布，其中政策制定者提出“坚决完成今年经济社会发展目标任务”，这一表述意味着政府将确保国内生产总值（GDP）实现“5%左右”的增长目标。Lu Ting, chief China economist at Nomura, said he expects the country to refocus on short-term growth stability. "Beijing just needs around 4.2 percent GDP growth in the fourth quarter to deliver that target. So, from a statistics perspective, it's easily within reach," he said.野村证券首席中国经济学家陆挺表示，预计中国将重新聚焦短期经济稳定增长。他指出：“要实现全年增长目标，中国第四季度GDP增速只需达到4.2%左右即可。因此，从统计角度来看，这一目标触手可及。”The best strategy is to resist the temptation to fuel the stock markets by avoiding too high-profile monetary measures in the near term, remaining vigilant by avoiding contractionary policies, cleaning up the property market problem, and addressing some deep-rooted problems such as the unequal social security system, Lu said.陆挺认为，当前最佳策略是：短期内避免推出过于高调的货币政策，抵制刺激股市的诱惑；保持警惕，不采取紧缩性政策；着力解决房地产市场问题；并应对一些深层次问题，如社会保障体系不均衡等。A report released by the Chinese Academy of Social Sciences' Institute of Finance & Banking on Monday noted that insufficient effective demand remains a prominent challenge.中国社会科学院金融研究所周一发布的一份报告指出，有效需求不足仍是当前面临的突出挑战。Against the backdrop of US-China trade friction and profound structural economic shifts, the report said China should advance macroeconomic governance system innovation that addresses both existing structures and new growth drivers, with a focus on enhancing policy efficacy.报告称，在美国对华贸易摩擦以及国内经济结构性深刻调整的背景下，中国应推进兼顾现有结构与新增动力的宏观经济治理体系改革，并重点提升政策实施效果。"In the short term, macro policies should be proactively strengthened, including more forceful fiscal spending tilted toward consumption stimulation, utilizing the room for interest rate cuts and reserve requirement ratio reductions created by the US Federal Reserve's move, and implementing multi-pronged measures to stabilize the property market and foster its high-quality development," said Wang Qing, assistant researcher at the institute.该研究所助理研究员王青（音译）表示：“短期内，应积极加大宏观政策力度，包括采取更有力的财政支出措施并向刺激消费倾斜、利用美联储政策调整所带来的降息降准空间，以及通过多方面举措稳定房地产市场、推动其高质量发展。”resilient/rɪˈzɪliənt/adj.能快速恢复的，具韧性的countercyclical/ˌkaʊntəˈsaɪklɪkl/adj.反经济周期的

US President Donald Trump is in Asia this week ahead of high-stakes trade talks with Chinese President Xi Jinping. Plus, the UK chancellor is pushing for her own trade deal in the Gulf, and the US Federal Reserve is heading into its next meeting without some important economic data. Mentioned in this podcast:‘Positive framework' agreed for Trump-Xi summit, says Scott BessentUK chancellor to hold Gulf trade talks in push for pro-growth policiesUS shutdown obscures economic outlook as Fed plans new rate cutMarkets brace as Argentines go to the pollsToday's FT News Briefing was produced by Ethan Plotkin, Victoria Craig, Sonja Hutson, and Marc Filippino. Our show was mixed by Alexander Higgins. Additional help from Peter Barber. The FT's acting co-head of audio is Topher Forhecz. The show's theme music is by Metaphor Music.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

This week it's all about the September quarter inflation figures, which will likely be the deciding factor for the RBA on interest rates. Plus, the US Federal Reserve meets, and how much attention does an economist pay to earnings season on Wall Street?Michael Thompson is joined by AMP Deputy Chief Economist Diana Mousina.Join our free daily newsletter here.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.

Everyone from central banks to jewellery fans were rushing to buy gold - until suddenly the price crashed on Tuesday night. What’s going on - and where will it stop? Markets Editor David Rogers joins us. You can read more about this episode, plus see photos, videos and additional reporting, on the website or on The Australian’s app. This episode of The Front is presented by Claire Harvey, produced by Kristen Amiet, and edited by Lia Tsamoglou. Our team includes Tiffany Dimmack, Joshua Burton, Stephanie Coombes and Jasper Leak, who also composed our music. See omnystudio.com/listener for privacy information.

It’s been a volatile week across global markets. The US Federal Reserve is signalling that more rate cuts are on the way, the US–China trade war has flared up again over rare earths and AI tech, and gold has surged to yet another record high. In this week’s Market Focus Weekly from The Business Times, host Emily Liu breaks down the market mood with Yap Fook Hien, Senior Investment Strategist at Standard Chartered. Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region. Written and hosted by: Emily Liu (emilyliu@sph.com.sg) Produced and edited by: Howie Lim Produced by: BT Podcasts, The Business Times, SPH Media --- Follow Market Focus Daily and rate us on: Channel: bt.sg/btmktfocus Amazon: bt.sg/mfam Apple Podcasts: bt.sg/mfap Spotify: bt.sg/mfsp YouTube Music: bt.sg/mfyt Website: bt.sg/mktfocus Feedback to: btpodcasts@sph.com.sg Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks at: bt.sg/btmoneyhacks BT Correspondents at: bt.sg/btcobt BT Podcasts at: bt.sg/podcasts BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.

It's earnings season once again, and with an anticipated interest rate cut from the US Federal Reserve on the horizon, there's a lot at stake for investors and the broader economy. To help break it all down, we sat down with our good friend and regular contributor Stephanie Leung, CIO at StashAway. Chapters 00:00 - What's in store for the second half of 2025 05:27 - How will the imminent Fed rate cut affect investments  10:20 - Which assets perform well during a rate cut?  15:05 - What does this mean for Bitcoin? 17:48 - Mag 7, AI and Crypto 20:06 - How to use Stashaway to prepare for a rate cut 20:54 - Can Apple drop out of the magnificent 7? 24:35 - Final thoughts on how to use Stashaway --- Follow Steph here: LinkedIn: https://hk.linkedin.com/in/stephanie-leung-hk Hubbis: https://www.hubbis.com/individualprofile/602f607ba1b0dc785089dd20 Tatler: https://www.tatlerasia.com/power-purpose/front-female/top-of-her-game-stephanie-leung-stashaway --- Follow Chuang here:  URL: http://www.domore.my/ LinkedIn: https://www.linkedin.com/in/hsu-chuang-khoo-ab199343/ FB: https://www.facebook.com/khoo.chuang/ IG: https://www.instagram.com/khoohsuchuang/ --- Follow DoMore here:  WEBSITE: https://www.domore.my/ YOUTUBE: https://www.youtube.com/@DoMoreToday.Official ITUNES: https://apple.co/2lQ47mS GOOGLE PLAY: https://bit.ly/3b1l8iO SPOTIFY: https://tinyurl.com/y6zufvcp PODBEAN: https://domoreasia.podbean.com/ INSTAGRAM: https://www.instagram.com/domore.today/

HEADLINE: Lessons from the Swiss National Bank: Risk-Taking, Exchange Rates, and Fiscal Responsibility GUEST NAME: John Cochrane SUMMARY: Economist John Cochrane analyzes the Swiss National Bank (SNB), noting it differs greatly from the US Federal Reserve by investing heavily in foreign stocks and bonds to manage the Swiss franc's exchange rate. The SNB's massive balance sheet carries risks accepted by Swiss taxpayers and the Cantons. Switzerland, being fiscally responsible (running no budget deficits), finds central banking easier. Cochrane advises that the US Fed should not be buying stocks or venturing into fiscal policy. 1890 SWISS

SHOW SCHEDULE 10-15--25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR 1964 ATLANTIC CITYCONVENTION HALL THE SHOW BEGINS IN THE DOUBTS ABOUT CONGRESS.... 10-15--25 FIRST HOUR 9-915 HEADLINE: Obamacare Subsidies Trigger Government Shutdown Debate GUEST NAME: Michael Toth SUMMARY: Michael Toth explains that the current government shutdown debate centers on extending two expensive Biden-era Obamacare subsidies. These changes allow individuals earning over 400% of the federal poverty line to receive subsidies and provide 100% coverage for the near-poor. The original Obamacare cross-subsidy structure failed because young, healthy individuals found premiums too high. Toth advocates deregulation, such as allowing insurance companies to charge lower, risk-adjusted rates and enabling single business owners to use Professional Employer Organizations (PEOs) for cheaper coverage. 915-930 HEADLINE: Obamacare Subsidies Trigger Government Shutdown Debate GUEST NAME: Michael Toth SUMMARY: Michael Toth explains that the current government shutdown debate centers on extending two expensive Biden-era Obamacare subsidies. These changes allow individuals earning over 400% of the federal poverty line to receive subsidies and provide 100% coverage for the near-poor. The original Obamacare cross-subsidy structure failed because young, healthy individuals found premiums too high. Toth advocates deregulation, such as allowing insurance companies to charge lower, risk-adjusted rates and enabling single business owners to use Professional Employer Organizations (PEOs) for cheaper coverage. 930-945 HEADLINE: Hamas, Hostages, and Middle East Turmoil: Challenges to the Trump Ceasefire Plan GUEST NAME:Jonathan Schanzer SUMMARY: Jonathan Schanzer discusses complications in the Trump ceasefire plan, including Hamas delaying the return of deceased hostages to maintain leverage. The released prisoners, including potential Hamas leaders, raise concerns about where the organization's center of gravity will shift if they are deported to places like Turkey or Qatar. Schanzer views Turkey, an autocratic supporter of Hamas, as a problematic guarantor of the ceasefire. Internationally, Iran continues its nuclear program despite snapback sanctions, and al-Sharaa is meeting with Putin regarding Russian assets in Syria. 945-1000 HEADLINE: Hamas, Hostages, and Middle East Turmoil: Challenges to the Trump Ceasefire Plan GUEST NAME:Jonathan Schanzer SUMMARY: Jonathan Schanzer discusses complications in the Trump ceasefire plan, including Hamas delaying the return of deceased hostages to maintain leverage. The released prisoners, including potential Hamas leaders, raise concerns about where the organization's center of gravity will shift if they are deported to places like Turkey or Qatar. Schanzer views Turkey, an autocratic supporter of Hamas, as a problematic guarantor of the ceasefire. Internationally, Iran continues its nuclear program despite snapback sanctions, and al-Sharaa is meeting with Putin regarding Russian assets in Syria. SECOND HOUR 10-1015 HEADLINE: China's Predicament in the Middle East and Domestic Economic Instability GUEST NAME: General Blaine Holt SUMMARY: General Blaine Holt analyzes China's strategic challenges, noting Beijing is concerned about losing access to critical oil and gas resources as US leadership advances the Abraham Accords. China's previous regional deals, like the Saudi-Iran agreement, lacked substance compared to US business commitments. Holt suggests internal pressures might lead Iran toward the Accords. Domestically, China faces accelerating deflation and uncertainty regarding Xi Jinping's leadership due to four competing factions before the fourth plenum. 1015-1030 HEADLINE: South Korea's Descent into Authoritarianism and Persecution of Opposition GUEST NAME: Morse Tan SUMMARY: Morse Tan argues that South Korea is moving toward a "rising communist dictatorship" that oppresses political and religious figures. The indictment of the Unification Church leader and the targeting of the rightful President Yoon exemplify this trend. This persecution serves as an intimidation campaign, demonstrating the regime's disregard for the populace. Tan recommends the US implement active measures, including sanctions relating to a coup d'état and visa sanctions, while also pressing for greater military cooperation. 1030-1045 HEADLINE: Russian War Economy Stalls as Oil Prices Decline and Sanctions Bite GUEST NAME: Michael Bernstam SUMMARY: Michael Bernstam reports that the Russian economy is struggling as global oil prices decline and sanctions increase transportation costs, leading to a $13 to $14 per barrel discount on Russian oil. The "military Keynesianism" economy is exhausted, resulting in staff cuts across industrial sectors. Forecasts indicate contraction in late 2025 and 2026, with the IMF lowering its growth projection for 2025 to 0.6%. Russia is avoiding sanctions by routing payments through neighbors like Kyrgyzstan, who have become major financial hubs. 1045-1100 HEADLINE: Lessons from the Swiss National Bank: Risk-Taking, Exchange Rates, and Fiscal Responsibility GUEST NAME: John Cochrane SUMMARY: Economist John Cochrane analyzes the Swiss National Bank (SNB), noting it differs greatly from the US Federal Reserve by investing heavily in foreign stocks and bonds to manage the Swiss franc's exchange rate. The SNB's massive balance sheet carries risks accepted by Swiss taxpayers and the Cantons. Switzerland, being fiscally responsible (running no budget deficits), finds central banking easier. Cochrane advises that the US Fed should not be buying stocks or venturing into fiscal policy. THIRD HOUR 1100-1115 HEADLINE: China Retaliates Against Dutch Chipmaker Seizure Amid European Fragmentation GUEST NAME:Theresa Fallon SUMMARY: Theresa Fallon discusses China imposing export controls on Nexperia after the Dutch government seized control of the chipmaker, which was owned by China's Wingtech. The Dutch acted due to fears the Chinese owner would strip the technology and equipment, despite Nexperia producing low-quality chips for cars. Fallon notes Europe needs a better chip policy but struggles to speak with one voice, as fragmented policy allows China to drive wedges and weaken the EU. 1115-1130 HEADLINE: China's Economic Slowdown, Deflation, and the Spectre of Japanification GUEST NAME: Andrew Collier SUMMARY: Andrew Collier discusses China's economic woes, characterized by persistent deflation, with the CPI down 0.3% (6 out of 9 months in the red) and the PPI down for 36 straight months. This environment raises concerns about "Japanification"—a multi-decade slowdown after a property crash. Major structural changes to stimulate consumer consumption are unlikely at the upcoming Communist Party plenum, as the system favors state investment. The property market collapse means foreign investment is leaving, and Collier suggests the economy may not bottom until 2027 or 2028. 1130-1145 HEADLINE: SpaceX Starship Success, Private Space Dominance, and Government Inaction GUEST NAME: Bob Zimmerman SUMMARY: Bob Zimmerman describes SpaceX's Starship Super Heavy 11th test flight as "remarkable," highlighting successful booster reuse and controlled re-entry despite missing tiles. He asserts that private enterprise, like SpaceX, runs the "real American space program" aimed at Mars colonization, outpacing government efforts. In contrast, European projects like Callisto, proposed in 2015, demonstrate government "inaction." JPL is also laying off staff following the cancellation of the Mars sample return project, forcing organizations like Lowell Observatory to seek private funding. 1145-1200 HEADLINE: SpaceX Starship Success, Private Space Dominance, and Government Inaction GUEST NAME: Bob Zimmerman SUMMARY: Bob Zimmerman describes SpaceX's Starship Super Heavy 11th test flight as "remarkable," highlighting successful booster reuse and controlled re-entry despite missing tiles. He asserts that private enterprise, like SpaceX, runs the "real American space program" aimed at Mars colonization, outpacing government efforts. In contrast, European projects like Callisto, proposed in 2015, demonstrate government "inaction." JPL is also laying off staff following the cancellation of the Mars sample return project, forcing organizations like Lowell Observatory to seek private funding. FOURTH HOUR 12-1215 HEADLINE: Commodity Market Trends and UK's Lack of Risk Appetite for AI Innovation GUEST NAME: Simon Constable SUMMARY: Simon Constable notes that data center expansion for AI is increasing prices for copper (up 15%) and steel (up 14%). He points out that the UK lags significantly behind the US in building new AI data centers (170 vs. 5,000+) due to a lack of risk appetite, insufficient wealth, and poor marketing of new ideas. Separately, Constable discusses the collapse of a UK China spying trial because the prior government failed to officially classify China as a national security threat during the alleged offenses. 1215-1230 HEADLINE: Commodity Market Trends and UK's Lack of Risk Appetite for AI Innovation GUEST NAME: Simon Constable SUMMARY: Simon Constable notes that data center expansion for AI is increasing prices for copper (up 15%) and steel (up 14%). He points out that the UK lags significantly behind the US in building new AI data centers (170 vs. 5,000+) due to a lack of risk appetite, insufficient wealth, and poor marketing of new ideas. Separately, Constable discusses the collapse of a UK China spying trial because the prior government failed to officially classify China as a national security threat during the alleged offenses. 1230-1245 HEADLINE: AI Regulation Debate: Premature Laws vs. Emerging Norms GUEST NAME: Kevin Frazier SUMMARY: Kevin Frazier critiques the legislative rush to regulate AI, arguing that developing norms might be more effective than premature laws. He notes that bills like California's AB 1047, which demands factual accuracy, fundamentally misunderstand AI's generative nature. Imposing vague standards, as seen in New York's RAISE Act, risks chilling innovation and preventing widespread benefits, like affordable legal or therapy tools. Frazier emphasizes that AI policy should be grounded in empirical data rather than speculative fears. 1245-100 AM HEADLINE: AI Regulation Debate: Premature Laws vs. Emerging Norms GUEST NAME: Kevin Frazier SUMMARY: Kevin Frazier critiques the legislative rush to regulate AI, arguing that developing norms might be more effective than premature laws. He notes that bills like California's AB 1047, which demands factual accuracy, fundamentally misunderstand AI's generative nature. Imposing vague standards, as seen in New York's RAISE Act, risks chilling innovation and preventing widespread benefits, like affordable legal or therapy tools. Frazier emphasizes that AI policy should be grounded in empirical data rather than speculative fears.

Join host Mark McKevitt from AIB's Customer Treasury Team and AIB Senior Economist John Fahey for the October Market Moves edition of AIB Market Talk. In this episode, they break down the latest developments in the financial markets, including:Recent shifts in the euro, dollar, and yen, and the drivers behind currency movementsThe impact of political events, such as the resignation of the French Prime Minister and leadership changes in JapanWhat to expect from the upcoming UK and Eurozone budgets, and their implications for fiscal sustainabilityCentral bank outlooks: ECB, Bank of England, and US Federal Reserve rate expectations for the coming monthsKey forecasts for EUR/USD and EUR/GBP through year-end and into 2026 Whether you're a business leader, investor, or simply interested in market trends, this episode offers clear, expert insights to help you stay informed.Visit our website and subscribe to receive AIB's Economic Analysis direct to your inbox. You can also find us on Twitter @TreasuryAIB . Our full legal disclaimer can be viewed here https://aib.ie/fxcentre/podcast-disclaimer. Registered in Ireland: No: 24173 Allied Irish Bank p.l.c is regulated by the Central Bank of Ireland AIB Customer Treasury Services is a registered business name of Allied Irish Banks, p.l.c. Registered Office: 10 Molesworth Street, Dublin 2

 With the US Federal Reserve under intense political pressure and the labour market at an inflection point, understanding how the FOMC might respond to shocks is critical for financial markets. Paul and Luke talk to Professor Tara Sinclair of George Washington University about her groundbreaking working paper FOMC in Silico, which uses AI personas to model the Fed's decision-making process. They also explore how AI can augment decision-making more broadly and assess its impact on the labour market. 

The ASX200 edged lower, down about 0.1 % and marking a third consecutive losing session. Weakness came from tech, retail and telco stocks, while energy fell and materials gave modest support. Gold broke the $4,000‑a‑ounce milestone, driving a surge in the precious‑metal sector. Looking ahead, markets will watch the US Federal Reserve minutes, upcoming US crude‑oil inventory data and tomorrow’s Australian consumer‑inflation expectations. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Welcome to the one hundred fifty-sixth episode of the #ExpatChat podcast, where we explore the latest tax, investment, and financial issues affecting #AustralianExpats. In this episode, Atlas Wealth Group's Managing Directors Brett Evans and James Ridley discuss Where is the Australian Dollar Heading — diving into forecasts, currency drivers, and strategies for managing exchange rate movements. Throughout the episode, Brett and James review differing forecasts from major banks, exploring whether the Australian dollar could climb toward the 67–71 cent range. They unpack the key factors influencing the Aussie dollar's outlook, including US dollar weakness, Australia's improving interest rate differential, and shifting commodity prices. The discussion also touches on the US Federal Reserve's cautious approach to rate cuts, which has steadied the greenback and limited its depreciation against the AUD. Brett shares practical guidance on hedging and dollar-cost averaging when repatriating wealth — reminding expats not to stay anchored to historical exchange rates. Whether you're managing income abroad, repatriating funds, or simply watching the markets, this episode offers valuable perspectives to help you navigate the Australian dollar with confidence. Links discussed in this episode: • Upcoming Seminars & Webinars – atlaswealth.com/events • Facebook Group – Join the Australian Expat Financial Forum: facebook.com/groups/AustralianExpatFinancialForum • Ask Atlas – Submit your questions for the podcast: atlaswealth.com/news-media/australian-expat-podcast • Expat Mortgage Podcast – atlaswealth.com/news-media/australian-expat-mortgage-podcast • Weekly Recap Podcast – atlaswealth.com/news-media/atlas-weekly-recap-podcast If you enjoy the content, let us know by giving the episode a thumbs up and subscribing. Feel free to share your feedback or questions in the comments below. About Atlas Wealth Group: Atlas Wealth Group was established to meet the growing demand from Australian expats for professional financial guidance. We specialise in providing tax, financial planning, wealth management, and mortgage services to Australian expats around the world. Whether you're based in Asia, the Middle East, Europe, or the Americas, our team has the expertise to help you manage your global financial journey. To learn more, visit www.atlaswealth.com Connect with us: Facebook: www.facebook.com/atlaswealthmgmt LinkedIn: www.linkedin.com/company/atlas-wealth-management Twitter: www.twitter.com/atlaswealthmgmt Instagram: www.instagram.com/atlaswealthgroup

Donald Trump is not letting up pressure on the US Federal Reserve. He's taken efforts to fire one of its governors, all the way up to the US Supreme Court. Trump's clash with the Fed echoes pressure that Richard Nixon put on the central bank in the 1970s to lower interest rates. In this episode, Cristina Bodea, professor of political science at Michigan State University, why that moment – and the inflation spike that followed – became a cautionary tale about what can happen if politicians threaten the independence of central banks. This episode was written and produced by Katie Flood and Gemma Ware with assistance from Mend Mariwany. Sound design and mixing by Eloise Stevens and theme music by Neeta Sarl. Read the full credits for this episode and sign up here for a free daily newsletter from The Conversation.If you like the show, please consider donating to The Conversation, an independent, not-for-profit news organisation.

Stephen Grootes speaks to Izak Odendaal, Investment Strategist at Old Mutual, about the uncertainty hanging over interest rates, as drama at the US Federal Reserve turns unusually political and unpredictable - with President Trump’s attempted firing of Governor Lisa Cook, a court ruling keeping her in place, and rushed Senate confirmations leaving markets guessing about the Fed’s next move. In other interviews, Mike Adsetts, Global Chief Investment Officer at Momentum Investments, discusses about the lessons South Africa can draw from global experience as the Two-Pot retirement system marks its first year. From Australia’s disciplined superannuation model to Chile’s cautionary tale of privatisation, Adsetts highlights the importance of sound investment strategy, careful withdrawals, and professional advice to balance short-term access with long-term retirement security. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

Is the market in a bubble? With US exchanges seeing record highs, AI hype still soaring, and a recent US Federal Reserve rate cut, it’s a question some investors are asking. In this episode, we get Scott Phillips’ views on identifying an expensive share price vs a worthy buy—based on his experience as The Motley Fool’s Chief Investment Officer, Advisor, and Portfolio Manager. Scott explains why a record high isn't always a red flag, and his strategy for distinguishing between a bubble and justifiable optimism. We discuss the current state of the market against first hand lessons from the dot-com bubble and the COVID crash. Scott shares the perils of trying to catch the bottom—and how even the best business in the world may be overpriced. Plus, Scott’s take on assessing investments, weighing up reasonable probabilities against downside and upside risks. For more or to watch on YouTube—check out http://linktr.ee/sharedlunchShared Lunch is brought to you by Sharesies Australia Limited (ABN 94 648 811 830; AFSL 529893) in Australia and Sharesies Limited (NZ) in New Zealand. It is not financial advice. Information provided is general only and current at the time it’s provided, and does not take into account your objectives, financial situation and needs. We do not provide recommendations and you should always read the disclosure documents available from the product issuer before making a financial decision. Our disclosure documents and terms and conditions—including a Target Market Determination and IDPS Guide for Sharesies Australian customers—can be found on our relevant Australian or NZ website. Investing involves risk. You might lose the money you start with. If you require financial advice, you should consider speaking with a qualified financial advisor. Past performance is not a guarantee of future performance. Appearance on Shared Lunch is not an endorsement by Sharesies of the views of the presenters, guests, or the entities they represent. Their views are their own.See omnystudio.com/listener for privacy information.

China will maintain an independent and accommodative monetary policy amid the unfolding global rate cut cycle, with future adjustments to be determined by domestic priorities and incoming data, officials and analysts said on Monday.官方及分析人士于周一表示，在当前全球降息周期逐步展开的背景下，中国将继续实施独立且稳健宽松的货币政策，未来政策调整将依据国内发展重点与实际经济数据来确定。Pan Gongsheng, governor of the People's Bank of China, the country's central bank, said on Monday that China's monetary policy will remain independent and data-driven, following the US Federal Reserve cutting the federal funds rate by 25 basis points last week.中国人民银行行长潘功胜在周一指出，继上周美国联邦储备委员会宣布将联邦基金利率下调25个基点后，中国货币政策仍将坚持独立性与数据驱动原则。"China's monetary policy adheres to the principle of staying oriented to domestic needs while balancing internal and external factors," Pan said at a news conference, adding that future decisions will be based on macroeconomic conditions and evolving circumstances.潘功胜在新闻发布会上强调：“中国货币政策始终坚持以国内需求为主导，同时统筹兼顾内外部均衡。”他进一步表示，未来货币政策决策将立足宏观经济形势与实际情况变化来制定。Citing international central banking practice, Pan said the PBOC will follow a data-based approach to policy adjustment, and make comprehensive use of multiple tools to ensure ample liquidity and guide financing costs lower.提及国际央行通行做法时，潘功胜表示，中国人民银行会遵循数据导向的政策调整思路，综合运用多种货币政策工具，确保市场流动性合理充裕，并引导融资成本持续下行。Such efforts are aimed at bolstering consumption, expanding investment and consolidating economic recovery, Pan said, stressing that "China's current monetary policy stance is supportive."他指出，这些举措旨在提振消费、扩大有效投资，巩固当前经济回升向好态势，同时明确“中国当前的货币政策立场具备充分的支持性”。Also on Monday, the PBOC released the latest loan prime rates — the market-based lending benchmarks — which remained unchanged for the fourth consecutive month. The one-year LPR stood at 3 percent, while the over-five-year LPR came in at 3.5 percent.同样在周一，中国人民银行公布了最新一期贷款市场报价利率（LPR）——作为市场基础性贷款利率基准，此次LPR已连续第四个月维持不变。其中，1年期LPR保持3%不变，5年期以上LPR则稳定在3.5%水平。The steady rates were in line with expectations, as the policy rate of seven-day reverse repos has also held stable. Analysts said the third quarter has been a period of observing monetary policy effects, even as the US Fed rate cut provides more policy room for China by potentially ushering in a global rate cut cycle.此次LPR保持稳定符合市场预期，此前7天期逆回购操作利率亦持续维持不变。分析人士认为，尽管美联储降息可能推动全球进入降息周期，为中国货币政策提供更广阔操作空间，但第三季度仍是观察前期货币政策实施效果的关键阶段。Looking ahead, Ming Ming, chief economist at CITIC Securities, said credit growth remained subdued and property sales became weaker in the third quarter, underscoring the need for interest rate cuts to lower financing costs.展望未来，中信证券首席经济学家明明表示，第三季度我国信贷增长态势偏缓，商品房销售表现进一步走弱，这凸显出通过降息降低市场主体融资成本的必要性。Ming said that the narrowing net interest margin of commercial banks suggests that deposit rates may need to decline before a cut in LPRs can take place, adding that rate cut decisionmakers should also pay attention to the impact on investor sentiment in the stock market.明明指出，商业银行净息差持续收窄，这意味着若要下调LPR，可能需要先推动存款利率下行。此外，政策制定者在作出降息决策时，还需关注其对股票市场投资者情绪的潜在影响。During Monday's news conference, heads from China's top financial regulators also reported the achievements made by the country's financial sector over the 14th Five-Year Plan period (2021-25).在周一的新闻发布会上，我国金融监管部门负责人还介绍了“十四五”规划（2021-2025年）期间我国金融业取得的发展成就。Pan said total assets of China's banking sector reached nearly 470 trillion yuan ($66 trillion) by the end of June, the largest in the world, while the country's stock and bond markets ranked second globally in size.潘功胜透露，截至今年6月末，我国银行业总资产规模接近470万亿元（约合66万亿美元），规模位居全球首位；股票市场与债券市场规模则均位列全球第二。Wu Qing, chairman of the China Securities Regulatory Commission, said at the conference that equity and bond financing on the exchange markets totaled 57.5 trillion yuan in the past five years, raising the share of direct financing to 31.6 percent, up by 2.8 percentage points from the end of the 13th Five-Year Plan period (2016-20).中国证券监督管理委员会主席吴清在会上表示，过去五年，我国交易所市场股票与债券融资总额达57.5万亿元，直接融资占比提升至31.6%，较“十三五”规划（2016-2020年）期末提高2.8个百分点。Technology-related stocks now account for over one-fourth of the market capitalization of the A-share market, far surpassing the combined weight of financial and real estate sectors, while dividends and share buybacks reached 10.6 trillion yuan in the past five-year period, more than twice the combined proceeds from IPOs and refinancing, Wu said.吴清指出，目前A股市场中科技相关板块市值占比已超过四分之一，远超金融与房地产板块市值之和；过去五年，A股市场现金分红与股份回购总额达10.6万亿元，是同期首次公开发行（IPO）与再融资募集资金总和的两倍多。Looking ahead, Wu said the commission will advance reforms of the STAR Market and ChiNext regarding IPOs, mergers and acquisitions, and corporate restructurings to amplify support for innovation, improve listed companies' disclosure quality, foster a culture that values and rewards investors, and enhance market regulation and risk-prevention frameworks.对于未来工作方向，吴清表示，证监会将推进科创板、创业板在首次公开发行（IPO）、并购重组等领域的改革，进一步加大对科技创新的支持力度；同时将提升上市公司信息披露质量，培育尊重投资者、回报投资者的市场文化，并健全市场监管与风险防范体系。Wu added that long-horizon assessments of funds will be reinforced, while cross-border investment and financing will be made more convenient to attract more capital inflow.他补充道，监管部门还将强化对基金产品的长期业绩考核，进一步便利跨境投融资活动，吸引更多境外资本流入我国资本市场。Zhu Hexin, administrator of the State Administration of Foreign Exchange, said that overseas institutions and individuals held over 10 trillion yuan worth of onshore stocks, bonds, deposits and loans by the end of July.国家外汇管理局局长朱鹤新表示，截至今年7月末，境外机构与个人持有境内股票、债券、存款及贷款等各类资产规模合计超过10万亿元。Official data showed that foreign investors now hold about 3.4 trillion yuan of A shares, while 269 Chinese companies are listed overseas.官方数据显示，目前境外投资者持有A股规模约3.4万亿元，共有269家中国企业在境外市场上市。accommodativeadj.融通的，适应性强的/əˈkɒmədeɪtɪv/liquidityn.流动性；资产变现能力/lɪˈkwɪdəti/marginn.差额，利润/ˈmɑːdʒɪn/

Stephen Grootes speaks to Izak Odendaal, Investment Strategist at Old Mutual, about the uncertainty hanging over interest rates, as drama at the US Federal Reserve turns unusually political and unpredictable - with President Trump’s attempted firing of Governor Lisa Cook, a court ruling keeping her in place, and rushed Senate confirmations leaving markets guessing about the Fed’s next move. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Mayberry Jamaican Equities says its latest bond offer, which closed last week, was oversubscribed.First Rock Real Estate says it has repaid its debt to Sagicor Bank, ending the receivership for Hambani Estates.Jamaica's point to point inflation rate fell to 1.2 percent in August. That's the lowest it has been since the 1960s.Global credit rating agency Fitch has maintained its credit rating and outlook on Jamaica after the country's recent general election.The US Federal Reserve has finally cut the benchmark interest rate for the first time since last December.

The US Federal Reserve resumed its rate cut cycle last week with a widely expected 25bp rate cut. Julius Baer expects four further rate cuts through March 2026, pausing at 3.25%, while the markets are pricing in slightly more aggressive easing. Against a backdrop of rapidly falling short-term rates and rising re-investment risk, 5-7 year bonds emerge as the sweet spot – offering a balance of yield and volatility amid a steepening curve. In credit markets, the tight spreads between corporates and Treasuries aren't just a sign of strong corporate demand, but also reflect weakening Treasury appeal. When benchmarked against swaps, the implied corporate credit spreads appear more normal, supporting continued inflows into investment-grade corporate bonds. In equities, the rally in lower-quality and non-profitable tech stocks suggests that the market has been expecting and pricing in looser monetary policy conditions. However, a reversal may be due, and it may be time for quality stocks to outperform again. Notably, despite strong gains, valuations of the Magnificent 7 stocks remain below prior bubble peaks. This episode is presented by Richard Tang, Head of Research Hong Kong at Julius Baer.

The US Federal Reserve on Wednesday decided to lower the target range for the federal funds interest rate by 25 basis points to 4.0 - 4.25 percent, the first rate cut since December 2024, Xinhua News Agency reported on Thursday.据新华社4日报道，美国联邦储备委员会（美联储）于3日决定将联邦基金利率目标区间下调25个基点，至4.0% - 4.25%，这是自2024年12月以来美联储首次降息。Recent indicators suggest that growth of US economic activity moderated in the first half of the year. Job gains have slowed, and the unemployment rate has edged up. Inflation has moved up and remains elevated to some extent, the Federal Open Market Committee (FOMC), the principal monetary policymaking body of the Federal Reserve System, said in a statement after a policy meeting. 美联储主要货币政策制定机构——联邦公开市场委员会（FOMC）在货币政策会议后发布的声明中表示，近期数据显示，今年上半年美国经济活动增速有所放缓，就业岗位增长势头减弱，失业率小幅上升，通胀水平有所回升且在一定程度上仍处于高位。"In support of its goals and in light of the shift in the balance of risks, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4 to 4-1/4 percent," the statement said. "In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks."声明称：“为实现委员会的政策目标，并鉴于风险平衡发生变化，委员会决定将联邦基金利率目标区间下调25个基点，至4% - 4.25%。在考虑对联邦基金利率目标区间进行进一步调整时，委员会将仔细评估未来经济数据、经济前景演变及风险平衡状况。”The FOMC reiterated its commitment to supporting maximum employment and returning inflation to its 2 percent objective, according to the report.声明称：“为实现委员会的政策目标，并鉴于风险平衡发生变化，委员会决定将联邦基金利率目标区间下调25个基点，至4% - 4.25%。在考虑对联邦基金利率目标区间进行进一步调整时，委员会将仔细评估未来经济数据、经济前景演变及风险平衡状况。”US stocks opened barely changed on Wednesday, with the Dow Jones Industrial Average up 0.04 percent, the S&P 500 down 0.03 percent and the Nasdaq flat. Major indexes extended losses while Fed chair Jerome Powell made his remarks, before ending mixed at Wedensday's close: the Dow gained 0.57 percent, while the Nasdaq fell 0.33 percent and the S&P 500 slipped 0.1 percent.3日美国股市开盘涨跌互现，道琼斯工业平均指数上涨0.04%，标准普尔500种股票指数下跌0.03%，纳斯达克综合指数持平。在美联储主席杰罗姆・鲍威尔发表讲话期间，主要股指跌幅扩大，截至当日收盘呈现涨跌分化态势：道琼斯工业平均指数上涨0.57%，纳斯达克综合指数下跌0.33%，标准普尔500种股票指数下跌0.1%。In Hong Kong, the Hang Seng Tech Index rose 1 percent to 6,397.63. Most major Chinese ADRs advanced, with the Nasdaq Golden Dragon China Index climbing 2.85 percent, as of press time.香港市场方面，恒生科技指数上涨1%，收于6397.63点。截至发稿时，中国主要美国存托凭证（ADR）多数上涨，纳斯达克金龙中国指数攀升2.85%。The Federal Reserve's latest rate cut comes amid a sluggish US economy, with both job creation and growth showing signs of weakness, Xi Junyang, a professor at the Shanghai University of Finance and Economics, told Global Times on Thursday. 上海财经大学教授奚君羊4日在接受《环球时报》采访时表示，当前美国经济增长乏力，就业创造与经济增长均显现疲软迹象，美联储此次降息正是在此背景下推出的。US businesses added only 22,000 jobs from July to August, according to the US Bureau of Labor Statistics, and massive revisions to federal jobs data show that the pace of hiring was notably low in summer 2025, according to a CNBC report on Thursday. Meanwhile, the Fed cut rates while personal consumption expenditures inflation stayed at 2.59 percent, which is above the Fed's target rate of 2 percent.美国劳工统计局数据显示，7月至8月美国企业仅新增2.2万个就业岗位。美国消费者新闻与商业频道（CNBC）4日报道称，对联邦就业数据的大幅修正显示，2025年夏季美国就业岗位增长速度明显放缓。与此同时，尽管美国个人消费支出通胀率仍维持在2.59%，高于美联储2%的目标水平，美联储仍选择实施降息。"After ending its tightening cycle in 2023, the Fed's move into an easing phase appears a logical step and signals a more neutral monetary policy stance," Xi Junyang said, adding that lower borrowing costs will help reduce financing costs for companies and households, spurring investment and consumption.奚君羊表示：“在2023年结束紧缩周期后，美联储转入宽松周期是合乎逻辑的一步，这标志着其货币政策立场向中性方向调整。”他补充称，借贷成本下降将有助于降低企业与家庭的融资成本，进而刺激投资与消费。Globally, countries that have yet to ease may now face greater pressure to follow suit, as keeping rates relatively high could weigh on their economies, Xi Junyang said. 奚君羊指出，从全球范围来看，尚未实施宽松政策的国家如今可能面临更大的跟进压力，因为维持相对较高的利率水平或对本国经济造成拖累。The cut will also help eases pressure from the China-US interest-rate differential, supporting the yuan's stability and potentially boosting overseas demand for the yuan-denominated assets, the expert said.这位专家表示，此次降息还将有助于缓解中美利差带来的压力，对人民币汇率稳定形成支撑，并可能提升海外市场对人民币资产的需求。All 12 members of the FOMC, including Lisa Cook and Stephen Miran, attended the meeting. While 11 members voted for the 25-basis-point cut, Miran voted against the action, preferring a 50-basis-point cut, according to Xinhua.据新华社报道，包括莉萨・库克与斯蒂芬・米兰在内的联邦公开市场委员会12名成员均出席了此次会议。其中11名成员投票支持25个基点的降息幅度，米兰则投下反对票，主张将利率下调50个基点。"We see where we are now, and we took that appropriate action today," said Fed Chair Jerome Powell at a press conference after the meeting, per the Xinhua report. Lowering interest rates will help a struggling labor market, where some people are having a hard time finding jobs, Powell said.新华社援引鲍威尔在会后新闻发布会上的讲话称：“我们对当前经济形势有清晰判断，今日采取的行动是恰当的。”鲍威尔表示，降息将对当前陷入困境的劳动力市场起到帮助作用，目前部分人群面临就业困难。Along with its policy decision, the FOMC released updated economic projections, forecasting US real GDP growth of 1.6 percent in 2025, 1.8 percent in 2026, 1.9 percent in 2027, and 1.8 percent in 2028. The Fed also projected the US median unemployment rate would remain at 4.5 percent in 2025, ease to 4.4 percent in 2026, and drop further to 4.3 percent in 2027. 与此同时，联邦公开市场委员会还发布了最新经济预测，预计2025年美国实际国内生产总值（GDP）增长率为1.6%，2026年为1.8%，2027年为1.9%，2028年为1.8%；失业率方面，预计2025年美国中位失业率将维持在4.5%，2026年降至4.4%，2027年进一步降至4.3%。basis pointsn.基点/ˈbeɪsɪs pɔɪnts/moderatedv.放缓；减弱/ˈmɒdəreɪtɪd/elevatedadj.偏高的；升高的/ˈelɪveɪtɪd/differentialn.差额；差值/ˌdɪfəˈrenʃl/

All of the major US equity indices hit a new all-time high, a day after the US Federal Reserve's first rate cut of the year and stronger-than-expected economic data. Europe followed suit with strength in semiconductor stocks. Central banks diverged: Norway cut rates, the Bank of England held steady, and the Bank of Japan surprised by announcing plans to offload its large equity ETF holdings. Asian markets are mixed, with Japanese stocks volatile and Asian dollar bond spreads at record lows—reflecting global optimism in credit markets. Dario Messi, Head of Fixed Income Research, shares his take on this week's central bank decisions, while Tim Gagie, Head of FX Advisory Geneva, examines the USD and gold following a central bank heavy week.(00:00) - Introduction: Bernadette Anderko, Product & Investment Content (00:27) - Markets wrap-up: Mike Rauber, Product & Investment Content (06:08) - Central bank actions – implications for bonds: Dario Messi, Head of Fixed Income Research (12:28) - FX and metals markets: Tim Gagie, Head of FX Advisory Geneva (16:56) - Closing remarks: Bernadette Anderko, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

18 Sep 2025. The US Federal Reserve has cut interest rates by a quarter point and the UAE Central Bank immediately followed, lowering the base rate to 4.15%. We ask economist Dan Richards of Emirates NBD what it means for borrowing, saving, and investing here in the UAE. Plus, Majid Al Futtaim has opened a supermarket just for kids, we speak to their CEO of Retail about the concept. And Sky Kurtz, the “Berry King” of Pure Harvest, joins us to reveal two new collaborations as demand for local produce continues to rise.See omnystudio.com/listener for privacy information.

SBS Finance Editor Ricardo Gonçalves speaks with Blair Chapman from Seek about the latest jobs data which showed a near 41,000 fall in full-time jobs; Lochlan Halloway from Morningstar takes a look at the day's sharemarket action including the reaction to the US Federal Reserve's first interst rate cut this year; and Stephanie Youssef discusses the future of chocolate prices with Paul Joules from Rabobank.

The US Federal Reserve has lowered interest rates by a quarter percentage point, bringing its benchmark rate to a range of 4.00 to 4.25 percent. All but one of the 12 members of the monetary policy committee voted in favor of the decision, with the sole dissent coming from newly appointed governor Stephen Miran, a trusted ally of President Trump. And, Jerry Greenfield, co-founder of Ben & Jerry's, has quit the company, accusing its parent firm, Unilever, of silencing the brand's social activism.

①The 22nd China-ASEAN Expo is underway in Nanning. What are the highlights of this year's event? (00:37)②The US Federal Reserve has cut interest rates for the first time this year. What does it mean for the US and global economy? (12:44)③Saudi Arabia and Pakistan have signed a mutual defense pact. What's behind the decision? (24:33)④Kazakhstan expert highlights regional cooperation under Xi's Global Governance Initiative. (33:26)⑤Xinjiang's development in the eyes of an American scholar (42:55)

The US Federal Reserve has cut interest rates for the first time since December. It's a 0.25 point drop, much lower than US President Donald Trump wanted. Sam Dickie from Fisher Funds explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

The US central bank - the Federal Reserve - has lowered interest rates for the first time since President Trump began his second term. But what does this actually mean for companies? We speak to two business owners to find out their thoughts. ank - the Federal Reserve - has lowered interest rates for the first time since President Trump began his second term. Pomp and pageantry as King Charles welcomes the US president to the UK. We'll be hearing what kind of reception Donald Trump has received.And the state visit also coincides with a major tech deal between the two allies. But can state visits really help economic ties? A former British deputy ambassador to the US gives us his insight.

Parents and grandparents are increasingly offering financial assistance to family members with 20 per cent saying they provided help in the last quarter, so SBS Finance Editor Ricardo Gonçalves speaks with UBS Economist Stephen Wu to find out to what extent they're helping. Plus Kyle Rodda from capital.com looks through the day's sharemarket action and previews the Federal Reserve's interest rate decision.

The US Fed will deliver its most important rate cut decision overnight, with expectations of a drop of at least 25 basis points, and as much as 50 basis points.See omnystudio.com/listener for privacy information.

The US Federal Reserve is set to make a crucial call on the cash rate, which could have global implications depending on the decision.See omnystudio.com/listener for privacy information.

SBS Finance Editor Ricardo Gonçalves takes a look at the driving forces in the currency markets with Chris Weston from Pepperstone and previews the US Federal Reserve's Thursday morning interest rate decision.

A US court has ruled that Federal Reserve board governor Lisa Cook can stay in her job in spite of the president's attempts to fire her, meaning she should be able to attend the central bank's September meeting. Meanwhile, Trump appointee Stephen Miran has been confirmed by the Senate to fill a vacant seat on the board. Investors are predicting the Fed will cut interest rates by 0.25 basis points on Wednesday. Also in this edition, we report on how protests in Nepal could threaten the country's vital tourism sector.

The Australian share market has begun the week lower, despite optimism ahead of the US Federal Reserve's expected interest rate cut this week. For more, Stephanie Youssef spoke with Macquarie Private Bank Division Director Martin Lakos. Plus, ANZ has been fined $240 million for what ASIC has called widespread misconduct, including allegations of failing to respond to customer hardship notices and failing to refund fees charged to thousands of dead customers. For more, Asha Abdi spoke with Professor Allan Fels from the University of Melbourne.

Markets are off to a strong start this week, which will be a critical one with a 'triple-header' of major central bank decisions. The US Federal Reserve, the Bank of England, and the Bank of Japan are all scheduled to announce their latest monetary policy moves. Recent economic data suggest it may now be time for the Fed to restart its rate-cutting cycle, following a pause that began in January. In today's discussion, we're joined by Mensur Pocinci, Head of Technical Analysis, who anticipates further declines in US Treasury yields and the value of the US dollar. He also expects equities to continue their upward momentum, supported by improving technicals.(00:00) - Introduction: Helen Freer, Product & Investment Content (00:28) - Markets wrap-up: Roman Canziani, Head of Product & Investment Content (07:06) - Technical Analysis update: Mensur Pocinci, Head of Technical Analysis (09:58) - Closing remarks: Helen Freer, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.

It's a huge week for currency markets, with four major central bank meetings — the US Federal Reserve, the Bank of Japan, the Bank of England, and the Bank of Canada.  Kristina Clifton and Carol Kong discuss their expectations for each central bank and the potential impact on currency markets.   Disclaimer:    Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.    

Recent US payrolls data has indicated the economy is slowing, and it's sparked concern among investors. Economists are calling on the US Federal Reserve to lower interest rates at its September 16-17 meeting, in what would be its first reduction in nine months. Harbour Asset Management's Shane Solly explained further. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Today, we discuss the US Federal Reserve governor Lisa Cook suing President Donald Trump after he attempted to fire her. President Trump claims she made false statements on her mortgage, and says he has the authority to remove her. Cook has said there is "no cause exists under the law" to sack her. At the same time Trump is in another public dispute with the director of the US Centers for Disease Control and Prevention. How will both battles end? Adam speaks to BBC chief presenter Caitriona Perry in Washington.Adam is also joined by Ed Davey, leader of the Liberal Democrats who is boycotting President Trump's UK state banquet in protest of Trump and Keir Starmer's position on the escalating situation in Gaza.You can now listen to Newscast on a smart speaker. If you want to listen, just say "Ask BBC Sounds to play Newscast”. It works on most smart speakers. You can join our Newscast online community here: https://tinyurl.com/newscastcommunityhereGet in touch with Newscast by emailing newscast@bbc.co.uk or send us a whatsapp on +44 0330 123 9480.New episodes released every day. If you're in the UK, for more News and Current Affairs podcasts from the BBC, listen on BBC Sounds: https://bit.ly/3ENLcS1 Newscast brings you daily analysis of the latest political news stories from the BBC. It was presented by Adam Fleming. It was made by Jack Maclaren with Anna Harris and Shiler Mahmoudi. The social producer was Sophie Millward. The technical producer was Mike Regaard. The assistant editor is Chris Gray. The senior news editor is Sam Bonham.

This week we're sharing an episode from, Unhedged, another podcast from the FT network.The annual meeting of central bankers in Jackson Hole, Wyoming, is supposed to be an intellectual retreat. Instead, it was overshadowed by personal and political attacks on US Federal Reserve board member Lisa Cook. Today on the show, Katie Martin talks to US economics editor Claire Jones about her reporting from Jackson Hole and what might happen if the central bank falls under the president's control. Also, we attempt to go long and short but are interrupted by a fire alarm. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

President Trump wants Federal Reserve Governor Lisa Cook removed over fraud allegations. She insists she's staying put.Generation Z — the late '90s and 2010s crowd now making their mark as a new force in retail investing.And in our Africa series, we explore why South Africa's film industry is aiming for the global stage.You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

The annual meeting of central bankers in Jackson Hole, Wyoming, is supposed to be an intellectual retreat. Instead, it was overshadowed by personal and political attacks on US Federal Reserve board member Lisa Cook. Today on the show, Katie Martin talks to US economics editor Claire Jones about her reporting from Jackson Hole and what might happen if the central bank falls under the president's control. Also, we attempt to go long and short but are interrupted by a fire alarm. For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer.You can email Robert Armstrong and Katie Martin at unhedged@ft.com.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Treasury yields climb and the dollar falls as investors grow increasingly concerned about the US Federal Reserve's independence. Also in this edition: French Prime Minister François Bayrou's decision to call a confidence vote in his government sends markets into a tailspin. Plus, the UN postal agency says that 25 countries have decided to suspend package deliveries to the US.