Years India: Recession Risks and Basis Points

years india: Former Treasury Secretary Lawrence Summers wrote on Twitter that the Fed should cut by 50 basis points over coming months, if not more, to ward off recession risks, according to The Japan Times. And European Central Bank officials are poised on Thursday to at the very least agree on generous terms for new long-term loans for banks. With Australia cutting interest rates Tuesday for the first time in three years and India likely to follow Thursday, monetary policymakers are again seeking to shore up weak growth and inflation. ; Federal Reserve Chairman Jerome Powell signaled an openness to loosening if necessary. Stocks in Asia rose after Powell's signal. The upshot is global monetary policy is turning looser just months after the Fed and many of its counterparts seemed intent on spending 2019 shifting away from the emergency settings of the past decade. Japan led the charge, with the 225-issue Nikkei average ending up 1.8 percent. (news.financializer.com). As reported in the news.