Monthly Recap: GDP let down, US election, rate cuts all over
Here’s how November went and what to watch out for
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November saw nonstop action. From the US election to the bevy of Philippine data releases, financial-market watchers were at the edge of their seats. But the roller coaster ride may have just begun.
Central bankers the world over eased policy and are tipped to continue supporting their economies amid headwinds. Eyes are glued to US President-elect Donald Trump’s policy announcements that’s expected to continue to impact economies and financial markets.
Look back:
- The Philippine economy grew slower than expected in the third quarter, while headline inflation quickened – though still in the lower band of the BSP’s 2-4% target.
- The US Federal Reserve continued its monetary easing cycle, with officials emphasizing a measured approach to reducing interest rates to avoid exacerbating market vol