- The Asian Development Bank (ADB) said on Wednesday that it estimates India's economy to grow at 7.0% in fiscal year 2025 and 7.2% in fiscal year 2026, retaining its growth forecasts from April.
- Moody’s Analytics noted that the slowing Indian economy will drag APAC's growth in 2025, as India’s economy is projected to grow by 6.5% in 2025 from an estimated 7.1% for 2024.
- Fed Governor Adriana Kugler said on Wednesday that she “strongly supported” the central bank’s decision last week, adding that it would be appropriate to cut rates further if inflation continues to ease as expected.
- The US New Home Sales fell 4.7% MoM to 716,000 in August from a revised 751,000 in July, the Commerce Department reported Wednesday. This figure came in better than expectations.
- The headline Personal Consumption Expenditures Price Index (PCE) is expected to show an increase of 2.3% YoY in August, while the core PCE is estimated to rise 2.7% in the same reported period.
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