Another central bank moves up its rate cut plans, accelerating its rate reductions with a 50-bps cut. At the same time the IMF lowers growth projections and warns risks of more downside are rising. These two developments are related to the same thing. It's becoming clearer where this weakness is coming from and that's why the public sector is starting to become more aggressive.
Eurodollar University's Money & Macro Analysis
Bank of Canada October 2024 Monetary Policy Report
https://www.bankofcanada.ca/wp-content/uploads/2024/10/mpr-2024-10-23.pdf
Bloomberg IMF Lowers Global Growth Forecast, Warns of Increasing Risks
https://www.bloomberg.com/news/articles/2024-10-22/imf-lowers-global-growth-forecast-warns-of-increasing-risks
IMF WEO October 2024 Policy Pivot, Rising Threats
https://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024
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What is Eurodollar University?
Jeff Snider will guide you through the realm of monetary science. Multiple episodes uploaded each week, discussing big news and key current events, the state of markets and what they are telling you, as well as historical summaries and deep background material so that you can understand what’s really going on in this eurodollar’s world.