Argentina's central bank has lowered its benchmark interest rate for the first time in nearly six months. This move comes as President Javier Milei manages a slowdown in inflation in the country’s crisis-prone economy.
Goldman Sachs Group Inc. has assessed that global investors are overestimating the risks of financial market instability following the upcoming U.S. presidential election. They believe concerns about uncertainty due to the lack of a clear winner are exaggerated.
A leading Canadian economist has warned that a second term for Donald Trump as president could result in extreme protectionism, a significant population decline, and a surge in debt as funding for what he calls "totally undisciplined fiscal policy" increases.
In a recent discussion on "Bloomberg Real Yield," Richard Bernstein Advisors' Michael Contopoulos and Bloomberg's Ira Jersey analyzed how a potential election win by either Kamala Harris or Donald Trump could impact the 10-year yield. They highlighted that significant policy differences between the two candidates could lead to varied market reactions, especially in the bond market. Contopoulos noted that investor sentiment and expectations around fiscal policy will play a crucial role, while Jersey emphasized the importance of monitoring economic indicators in the lead-up to the election.
