Global Economy Week Ahead: BOE, BOJ and Fed Decisions; Eurozone GDP
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Monetary policy decisions from three of the world's major central banks are due this week, with the first rate increase in a decade expected from the Bank of England. Meanwhile, GDP and inflation data are due from the eurozone, and the U.S. will see its October jobs report.
Trump Likely to Name Jerome Powell Next Fed Chairman-Source
President Donald Trump is likely to announce Federal Reserve governor Jerome Powell as his nominee to be the next chairman of the U.S. central bank, according to a person familiar with the matter.
Commodities Market Looks to Capitalize on Push Toward Electric Vehicles
The London Metal Exchange is planning to launch futures contracts for battery metals as early as the start of 2019, the latest example of how the commodities market is hoping to capitalize on the push toward electric vehicles.
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Inflation: The Slumbering Giant Begins to Stir
Central bankers are slowly unwinding the stimulus that has helped support the epic postcrisis rally in financial markets. Inflation has been quiet throughout, but there are signs it may soon be heard from.
How a $2,400 Cap on 401(k) Deductions Would Affect Your Savings
Millions of workers of all ages and income levels stand to be impacted if the tax deduction on 401(k) savings is reduced.
Foreign Companies in China Get a New Partner: the Communist Party
Newly assertive party members arrange lectures, proudly display hammer-and-sickle insignia at their desks and are praised as exemplary workers. Western executives worry about the creeping influence of these cells.
GOP Plan for a Speedy Tax Overhaul Faces Uncertain Road
House Republicans are set to toss a giant tax bill into the capital's autumnal winds Wednesday. That could turn into a rousing victory for Republicans, a scaled-back compromise or a collapse.
Italy Faces Challenge of Living Without ECB Alchemy
As the European Central Bank unwinds the stimulus program known as quantitative easing, Italy-which made gains from QE but hasn't made deep structural changes-is an important test case for the long-term success of the policy.
Japan to Young Investors: Loosen Up
Entrepreneurs and policy makers are trying everything to get Japan's next generation of investors, who grew up with deflation, to be less cautious and put more of their money into stocks.
Why Are Markets Rising Everywhere? Investors Can't Stop Buying Every Dip
Markets around the globe are surging to records, reflecting growing optimism about the world economy and fueling an increasing eagerness by investors to step in and buy assets whenever prices dip.
(END) Dow Jones Newswires
October 29, 2017 21:15 ET (01:15 GMT)