Money Minute Wednesday 30 October: eurozone confidence and US interest rates
In Money Minute this morning we get a snapshot of eurozone-wide economic confidence, plus the latest decision on US interest rates.
In Money Minute this morning, we get the latest snapshot of eurozone-wide economic confidence.
With confidence waning in the eurozone's biggest economies, Germany and France, the latest index is likely to indicate that the region as a whole is slowing, though not yet in recession.
Later today in the US, the Federal Reserve announces its latest decision on interest rates.The Fed is viewed as almost certain to cut interest rates by a quarter of a percentage point.That will be the third cut in a row, and it will take the US central bank's target range down to 1.5% to 1.75%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The big question is what happens next?Will Fed chief Jerome Powell indicate that further rate cuts are likely before the end of the year?Or will he stick to the line that the decision is "data dependent" - in other words, wait and see?If he is more open to further cuts than the market expects, we could see the dollar weaken. If he is more hawkish than expected, the dollar could rise.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
8 of the best houses for sale with outdoor swimming pools
The best houses for sale with outdoor swimming pools – from a family house in Wimbledon Village, London, to a 1640s mansion in Derbyshire with a heated swimming pool in the grounds
-
Trouble brews in B&M as bargain shops take a hit
Opinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?