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Chile to Restart Gradual Interest Rate Cuts as Economy See-Saws

(Bloomberg) -- Chile’s central bank will likely cut its benchmark interest rate by a quarter-point Tuesday, restarting a monetary easing cycle to boost the economy as it emerges from a rough patch in the second quarter.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsSeventeen of 20 analysts in a Bloomberg survey expect policymakers led by Rosanna Costa to lower borrowing costs to 5.5% after th

Swiss Inflation Slows as SNB Prepares September Rate Cut

(Bloomberg) -- Swiss inflation slowed more than expected in August, supporting the case for another interest-rate cut. Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsConsumer prices rose 1.1% from a year ago, the statistics office said Tuesday. That’s weaker than the 1.2% median estimate in a Bloomberg survey and compares with 1.3% in July.Costs of transport, heating oil and international pac

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated. The Fed's high interest rates, Powell said, had managed to achieve that goal without causing a widely predicted recession and high unemployment. The relatively sour mood of the public is creating challenges for Vice President Kamala Harris as she seeks to succeed President Joe Biden.

Kyle Bass Says Blackballing Oil Was Always a Lost Cause for ESG

(Bloomberg) -- One of the most contentious investing strategies on Wall Street might be a lot less beleaguered right now if its defenders had shown a bit more moderation from the get-go, according to Kyle Bass.Most Read from BloombergA Guide to Urban Swimming in Europe, Beyond the SeineDense Cities With Low Emissions Suffer Most From Air Pollution, Study FindsIntergenerational Housing Could Help Older Adults Combat LonelinessTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsThe hedge fund vet

Indonesia's inflation stays within central bank range in Aug

JAKARTA (Reuters) -Indonesia's annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding comfortably within the central bank's target range and matching market expectations. The August headline inflation rate was the lowest since February 2022, and matched the forecast in a Reuters poll. Bank Indonesia (BI) has a target range of 1.5% to 3.5% for inflation.