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Foreign news headlines: The Federal Reserve is expected to cut interest rates only once this year. MSCI decides not to include EU bonds in government bond indexes. Kioxia announces it will stop shorting GameStop.
The global financial media's top headlines highlighted last night and this morning include: Federal Reserve officials expect to only lower interest rates once this year, four times by 2025. Fed officials believe they will only cut interest rates once this year, two less than anticipated in March, because the pace of inflation approaching the 2% target is slower than expected. This is based on the median of new economic forecasts released by the Fed at the end of the June 11-12 meeting, while it is widely expected that the Fed will decide to keep the policy rate within a range of 5.25%-5.5%. According to the median forecast.
MSCI has decided not to include EU bonds in the government bond index.
MSCI has decided not to include EU bonds in the government bond index, which has hit the EU's efforts to attract more investors. MSCI said it would reassess the qualification of EU bonds next year, and the index compiler began consulting on including EU bonds in its government bond index last month. The EU is currently considered a supranational issuer, and the group believes that this is a key reason why its borrowing costs are higher than those of similar-rated European governments. 'MSCI noted that there are differences in the investment community about including EU bonds in the government bond index,' the statement said. 'MSCI is still committed to closely monitoring the market's inclusion of EU bonds in government bond indices.'
3 Leading TSX Dividend Stocks With Minimum Yields Of 3.5%
AM Best Maintains Under Review With Negative Implications Status for Cowen Reinsurance S.A.
AMSTERDAM--(BUSINESS WIRE)--#insurance--AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating
The Toronto-Dominion Bank (TD) TD Cowen's 8th Annual Future of the Consumer Conference (Transcript)
The Toronto-Dominion Bank (TD) TD Cowen's 8th Annual Future of the Consumer Conference (Transcript)
Sector Update: Financial Stocks Decline Thursday Afternoon
Financial stocks fell in Thursday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.1%. The Philadelphia Housing Index dropped 1.1%, and t