Fed's Bostic: Wouldn't have supported last rate cut if he had a vote

Thinks economy is on way to hitting 2% inflation target.

Evidence shows consumers are 'pretty rock solid'.

Would want standing repo facility to be used in good and bad times to avoid stigma.

 

Developing story ...

Moody's lowers India's outlook to 'negative' from 'stable'

Moody’s Investors Service on Thursday changed its outlook on India’s ratings to “negative” from “stable”, citing concerns the government won't be able
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Japan’s Nishimura: Will compile economic package as soon as possible

Japanese Economy Minister Yasutoshi Nishimura was on the wires last minutes, via Reuters, confirming the rolling out of the new economic stimulus pack
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