OVERVIEW in the evening / economy, central banks, politics

The most important events and reports on the economy, central banks and politics from the Dow Jones Newswires program.

Habeck: The date for the vote of confidence is up to Chancellor Scholz

According to Federal Minister of Economics Robert Habeck (Greens), it is up to Chancellor Olaf Scholz (SPD) to decide when he will ask the vote of confidence. After his meeting with Federal President Frank-Walter Steinmeier, Habeck said that the mood of the conversation was appropriate to the seriousness of the situation. He did not want to give details of the content.

BVR: Weak investment will continue in 2025

According to a study by the Federal Association of German Volksbanks and Raiffeisenbanks (BVR), the weak investment in Germany will continue in the coming year. After a decline of around 2 percent this year, there is only a minimal increase in investments by companies and private households of 0 in 2025 .25 percent, the BVR explained in its economic report: “Germany has had a persistent lack of investment for five years and is performing significantly worse than its European neighbors.” BVR chief economist Andreas Bley.

Fed/Kashkari: US data decides interest rate hike in December

Upcoming U.S. economic data will determine whether the Federal Reserve will cut interest rates again in December, according to Minneapolis Fed President Neel Kashkari. “The expectation is that we will have another one in December Interest rate cut will be carried out. “But we have to wait and see what the data actually looks like before we draw any conclusions,” Kashkari said on CBS’s Face The Nation. “That’s in six weeks. But I think another rate cut is certainly possible,” added Kashkari, who is not a voting member of the FOMC this year. Asked how the Fed would respond to a combative Trump administration, Kashkari said the central bank’s independence would be guaranteed by legal guarantees.

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(END) Dow Jones Newswires

November 11, 2024 1:00 p.m. ET (6:00 p.m. GMT)