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<FRIDAY, NOVEMBER, 2, 2023>

 

◈ Fed Skips Rate Hike But Keeps Increase On Table(연준은 금리 인상을 생략하지만 인상은 유지)

 

WASHINGTON— Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes.

 

Officials voted unanimously on Wednesday to leave rates unchanged at a 22-year high. “The committee is proceeding carefully,” Powell said during a news conference in which he said nothing to shift the market’s expectation that officials won’t raise rates in December.

 

Stocks climbed, with the Dow Jones Industrial Average up 0.7%, or nearly 222 points. Bonds extended a rally that began Wednesday morning when the Treasury Department made public plans to slow the pace at which it issues longer-term debt. Yields on the 10-year Treasury note closed at 4.790%, down 0.084 percentage point from 4.874% on Tuesday. Yields fall as bond prices rise.

 

At Fed officials’ September meeting, most projected one more rate increase this year, but some have spoken in recent weeks as though they aren’t eager to hike again unless hotter-than-expected economic data force their hand.

 

◈ Developers in China Cut Prices, Angering Homeowners(중국의 개발업자들이 가격을 인하하여 주택 소유주들을 화나게 하다)

 

Cities across China are giving real-estate developers the go-ahead to cut prices on new homes to revive sales after a two-year housing downturn.

 

They are running into resistance from homeowners who don’t want to see the values of their properties fall.

 

Unlike in the U.S., where home prices are largely determined by market forces, strict government price controls have long been used in China to help prop up real-estate values. Official home-price indexes for major Chinese cities, which climbed for years, have held up remarkably well despite a deep slump in new-home sales.

 

◈ Disney to Pay $8.6 Billion for Hulu(디즈니가 훌루를 위해 86억 달러를 지불하다)

 

OONKEL Disney said Wednesday it expects to pay Comcast ’s NBCUniversal at least $8.61 billion for its stake in Hulu, as the companies continue complex negotiations over the future of the streaming video service.

 

Disney’s announcement came after Comcast exercised its option, as part of a long-held agreement between the companies, to sell its minority stake in Hulu. Disney controls two-thirds of the service, while Comcast owns one-third.

 

The payment Disney said it will make reflects the “floor” of what Comcast is owed. Now, the parties will enter negotiations to determine the full value of Hulu and any additional payment Comcast is owed.

 

 

오늘도 경제신문으로 세상을 봅니다.