Red economy news of the first week of September 2024

Hi Forex traders, Welcome to the TPwithUS Forex Signal and Analysis Site! Here we share the Red economy news of the first week of September 2024. That means High-impact news refers to economic and financial events that can potentially affect the forex market significantly. In the first week of September 2024, several key developments in the global economy have emerged, reflecting a mix of optimism and caution across various regions. Here’s a summary of the most significant economic news:

Red economy news of the first week of September 2024

Tuesday, September 3

Wednesday, September 4

Thursday, September 5

Friday, September 6

These are just some major economic news and the first week of September 2024 events. Stay informed about the latest developments in the economy with us!

U.S. Economic Outlook

1. Federal Reserve Poised for Rate Cuts:

Federal Reserve Chair Jerome Powell indicated that the central bank is likely to cut interest rates in September. This follows a series of positive economic indicators, suggesting that inflation risks have diminished while employment concerns have increased. The Fed’s decision will depend on upcoming economic data, with many officials supporting a cut to stimulate growth as inflation trends downward.

2. Consumer Spending and GDP Growth:

The U.S. economy continues to show resilience, with consumer spending expected to rise by 2.3% in 2024, supported by a strong job market and business investments. Despite elevated interest rates, the economy is projected to avoid recession, with GDP growth expected to moderate but remain positive.

 Global Economic Trends

3. China’s Economic Measures:

The People’s Bank of China (PBoC) announced a 50 basis point cut to banks’ Reserve Requirement Ratio, aimed at increasing lending capacity. This move is part of broader efforts to stabilize the economy amid challenges in the property sector and to support consumer sentiment[1].

4. Japan’s Inflation and Economic Activity:

Japan’s core inflation has risen for the third consecutive month, but there are concerns about slowing demand, which may impact future rate hikes. The economic outlook remains cautious as the country navigates rising prices and potential economic stagnation[4].

5. Eurozone Economic Activity:

Business activity in the Eurozone unexpectedly surged in August, driven by temporary boosts related to the Olympics. However, this growth may not be sustainable, and the European Central Bank is closely monitoring inflation trends as it considers future monetary policy adjustments.

Key Takeaways

– The first week of September 2024 has seen significant discussions around monetary policy adjustments in the U.S. and China, with potential rate cuts on the horizon.
– Global economic growth remains steady but faces challenges, including inflationary pressures and geopolitical uncertainties.
– Consumer confidence and spending are pivotal in shaping the economic landscape, with varying levels of optimism across different regions.

These developments highlight the complex interplay of factors influencing the global economy as we move further into 2024.

Be informed by the TPwithUS team, and take profit with us in the Forex market.

source:https://www.forexfactory.com/

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