BoFA, Citi expect multiple 50-bps Fed hikes this year as inflation bites
LONDON/NEW YORK – Bank of America (BofA) and Citi have joined a small but growing number of top investment banks calling for more aggressive interest …
Fed
Analysis-U.S. credit ‘relief’ rally could be short-lived as Fed rate risk looms
By Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is …
Wall Street worries that Fed was behind the curve on inflation
– Wall Street analysts and investors who believe the U.S. Fed Reserve has acted too slowly to combat high inflation are now forecasting even more …
Goldman raises U.S. Treasury yield forecasts on more hawkish Fed
– Goldman Sachs said on Thursday that it has raised its forecasts on U.S. Treasury yields for this year, citing more broad-based and persistent price …
Bullard: High inflation means Fed must think bigger, faster
By Ann Saphir – St. Louis Federal Reserve Bank President James Bullard on Wednesday said U.S. policymakers need to think “bigger” and act “faster” on …
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted …
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
By Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted …
Bank of Mexico seen raising rates in response to Fed hike, inflation-Reuters poll
MEXICO CITY – Mexico’s central bank is set to raise its benchmark interest rate this week for the seventh consecutive time, following in the footsteps …
Fed open to speedier interest rates hikes if high inflation persists – Powell
– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve …
Column-Hedge funds go long dollars, curve steepeners before Fed lift-off: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds went into the Fed’s interest rate lift-off wagering on a stronger dollar and steeper U.S. yield curve, …
Fed may have to be more aggressive after hiking rates this year, Kashkari says
By Ann Saphir – The Federal Reserve should raise its policy rate to the range of 1.75% to 2% this year, Minneapolis Fed President Neel …
Deutsche Bank’s U.S. affiliate, following the Fed, raises prime lending rate
– Germany’s Deutsche Bank AG said on Thursday its U.S. affiliate had increased its prime lending rate by 25 basis points, mirroring moves by major …
IMF says Fed tightening appropriate, adds to risks for emerging markets
WASHINGTON – The U.S. Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does …
Past Fed hiking cycles, from sanguine to severe, may say little about this one
By Howard Schneider WASHINGTON – U.S. politicians know high inflation can bring careers in public office to an early end, but it is ultimately up …
Column-To neutral … and beyond! U.S. rate outlook rises after Fed liftoff: McGeever
By Jamie McGeever ORLANDO, Fla. – U.S. interest rates are on a far steeper and faster climb than previously anticipated following the Federal Reserve’s liftoff …
Fed signals fastest tightening since 2006; markets see more
By Ann Saphir – Federal Reserve policymakers on Wednesday signaled much faster interest rates hikes this year than they had expected just a few months …
Gulf central banks follow Fed to raise key rates by 25 bps
CAIRO -Gulf central banks on Wednesday raised their main interest rates by a quarter percentage point in lockstep with the U.S. Federal Reserve as it …
Gold steady as dollar dip counters Fed rate hike expectations
By Bharat Gautam – Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era …
U.S. Treasury yields push to new highs as Fed looks set to hike rates
LONDON – U.S five and 10-year Treasury yields rose to their highest levels in almost three years on Tuesday, ahead of a widely-anticipated rate hike …
Senate banking panel to move forward with other Fed nominees -Brown
– U.S. Senate Banking Committee Chair Sherrod Brown said Tuesday he will move to hold a vote on four of President Joe Biden’s nominees to …
White House urges Senate committee to advance Fed slate despite Manchin
WASHINGTON – The White House said on Monday it still supported moving all five of U.S. President Joe Biden’s nominees for the Federal Reserve through …
White House working to line up bipartisan support for Fed nominee Raskin
WASHINGTON – The White House said on Monday it was working to line up bipartisan support for Federal Reserve nominee Sarah Bloom Raskin, after Democratic …
War, pandemic, and inflation deal Fed a complex trifecta
By Howard Schneider WASHINGTON – In what now seem the simpler days of December, when there was only a pandemic to worry about, Federal Reserve …
High risk of half-percentage-point Fed rate hike in 2022, economists say
By Prerana Bhat and Indradip Ghosh BENGALURU – There is a high risk the Federal Reserve will raise interest rates by half a percentage point …
Fed to raise rates, won’t be as restrictive as ’90s: Evans
By Ann Saphir – Federal Reserve Bank of Chicago President Charles Evans on Friday said the U.S. central bank is on track to raising rates …
U.S. farm incomes could see boost from grain rally – Chicago Fed
By P.J. Huffstutter CHICAGO – The current rally of U.S. grain and oilseed prices could help bolster American farm incomes this year, as Russia’s invasion …
Global supply pressures eased in February, New York Fed says
By Howard Schneider WASHINGTON – Global supply chain pressures eased in February as backlogs and delivery times improved in several key markets and a measure …
U.S. firms buffeted by high inflation and worker shortages, Fed survey shows
– The U.S. economy expanded at a modest to moderate pace from mid January through mid February while inflation pressures broadened and employers continued to …
Fed is closely watching situation in Ukraine, Bostic says
– The Federal Reserve is closely watching the situation in Ukraine for any economic or financial impacts on the United States, Atlanta Federal Reserve bank …
Fed hawks, doves agree on liftoff. What happens next could be a battle
By Howard Schneider and Ann Saphir WASHINGTON – U.S. Federal Reserve officials agree inflation is too high and that interest rates should be increased at …
Bank of England reviews staff financial rules after Fed ethics scandal
LONDON – The Bank of England is conducting an internal review into its policy on officials’ personal financial dealings, in the wake of an ethics …
Fed Approves Rules Banning Members From Trading Stocks, Bonds
The Federal Reserve formally adopted new rules Friday restricting the central bank’s senior officials’ ability to trade stocks, bonds and currencies. The rules, which were …
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have penciled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the …
Fed chief Powell to give policy update to Congress in early March
– Federal Reserve chief Jerome Powell will testify before Congress on March 2 and 3 in what are likely to be his final public remarks …
Factbox-What global banks forecast for Fed rate hikes in 2022
– Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the …
Morgan Stanley expects Fed to hike rates 6 times in 2022
– Morgan Stanley expects the U.S. Federal Reserve to raise interest rates six times this year for a total of 150 basis points, a faster …
Emerging markets better equipped to deal with Fed rate hike cycle – S&P
LONDON – Financing conditions have tightened for emerging markets both domestically and externally but they are better prepared to handle the U.S. Federal Reserve’s upcoming …
What could drive the Fed to a ‘Plan B’ for balance sheet reduction
By Jonnelle Marte and Howard Schneider – Amid a strong U.S. housing market, low interest rates and unnervingly high inflation, the Federal Reserve has been …
Column-Entangled fears of Fed error and Ukraine crisis: Mike Dolan
By Mike Dolan LONDON – Keen to downplay anxieties about war in Europe, global investors appear to fear a monetary policy miscalculation even more. Their …
Republican Senators Threaten Boycott Over Fed Nominee
Chris Brunet on February 15, 2022 The Senate Banking Committee was set to vote on President Joe Biden’s slate of Federal Reserve nominees on Tuesday, …
Explainer-What’s next for Fed after Senate vote on Biden’s nominees delayed
By Jonnelle Marte and Ann Saphir – Senate Republicans on Tuesday delayed a pivotal committee vote on President Joe Biden’s nominees to the Federal Reserve …
Analysis-U.S. yield curve prices for Fed tightening, shows fears of policy error
By Karen Brettell NEW YORK – A dramatic flattening in key parts of the U.S. Treasury yield curve is reflecting worries that the Federal Reserve …
Republicans plan to boycott Senate panel voting session on Fed nominees, source says
– Republicans on the Senate Banking Committee plan to boycott a meeting scheduled for Tuesday afternoon to vote on President Joe Biden’s slate of nominees …
Two key Senate Democrats plan to vote for all of Biden’s Fed nominees
By David Morgan -Senate Democrats and Banking Committee members Jon Tester and Mark Warner on Monday said they will both vote to confirm President Joe …
U.S. short-term rate futures pare back odds of Fed inter-meeting move
By Gertrude Chavez-Dreyfuss NEW YORK – U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal …
U.S. consumers’ inflation expectations lower in January, NY Fed survey finds
By Jonnelle Marte -U.S. consumers lowered their expectations for how much inflation will rise in the near-term and medium-term periods, signaling that inflation concerns may …
Republican senator targets Biden’s Fed nominee Raskin
– The U.S. Senate Banking committee’s top Republican on Friday took renewed aim at President Joe Biden’s nominee to a senior Federal Reserve post, Sarah …
U.S. Senate banking committee to vote on Fed nominees on Feb. 15
– The U.S. Senate banking committee will hold a vote on advancing the nominations of a slate of nominees to the Federal Reserve on Tuesday …
Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data
HONG KONG -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous …
Column-After dire decade, Emerging Markets face Fed liftoff again: Mike Dolan
By Mike Dolan LONDON – Whether emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in …