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2024-12-13 04:52:14
Finance Minister of Canada: It is expected that the government will reach the debt-to-GDP ratio predicted in the budget, and the economic report in autumn will show that the government is meeting its financial targets.Swedish Finance Minister: I'm a little worried about the stability of American debt.Canadian Finance Minister: Canada will reduce the debt-to-GDP ratio in the medium term.
Government of India: Appoint Ajay Seth, the current Minister of Economic Affairs, as Minister of Finance.Reuters survey: 56 out of 97 economists said that the Federal Reserve will cut the federal funds rate to 3.50%-3.75% or lower by the end of 2025 (70 out of 99 economists in November).After the decline in the second quarter, the labor cost in the third quarter of the United States was revised downwards. After the decline in the previous three months, the increase in labor cost in the third quarter of the United States was lower than the initial value, further proving that the job market is no longer a source of inflationary pressure. According to data released by the Bureau of Labor Statistics on Tuesday, the unit labor cost increased at an annualized rate of 0.8% from July to September, and decreased by 1.1% after revision in the previous quarter. The initial value of labor costs showed an increase of 1.9% in the third quarter. The adjustment of these two cycles reflects the downward adjustment of hourly salary. During the period from July to September, the annual rate of productivity increased by 2.2%, which was not revised, compared with 2.1% in the previous quarter.
Fitch: It is expected that the financial situation of the United States will improve moderately in 2025, due to the cyclical rebound of personal and corporate taxes, higher capital gains and tariffs. In view of the spread, the Canadian dollar will continue to weaken, which may offset some of the impact of the US tariff increase.Market News: The Russian Duma supports the legislation to remove the Taliban from the list of prohibited organizations.Market News: The Russian Duma supports the legislation to remove the Taliban from the list of prohibited organizations.