News list for " United said"
Mitsubishi UFJ said the dollar could fall further after its recent decline as the Federal Reserve is likely to start cutting interest rates in September and could signal a further rate cut than previously expected. "The next set of forecasts in September will show higher unemployment and lower inflation, which will form the basis for the start of the rate-cutting cycle," analysts said. The median rate forecast for 2024 could rise from one rate cut to possibly three or four, they said. However, b...
Mitsubishi UFJ said that the meeting notes of the Bank of Japan's July 31 meeting sent a clear signal of further interest rate hikes, and the yen should recover further. In a note, analyst Lee Hardman said that meeting notes released on Thursday showed that some committee members described the policy rate as significantly low and highly accommodative, even after the policy rate was raised to 0.25 percent. "If the financial marekt stabilizes and the yen's rally slows, it still seems likely that t...
