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 rate increases from the U.S. …
Fed
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Financial News
Analysis-U.S. credit ‘relief’ rally could be short-lived as Fed rate risk looms
by Reutersby ReutersBy Davide Barbuscia NEW YORK – U.S. credit markets saw some respite after the Federal Reserve hiked interest rates last week, but the relief is expected to be short-lived as …
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– 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 aggressive rate hikes as the …
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Financial News
Goldman raises U.S. Treasury yield forecasts on more hawkish Fed
by Reutersby Reuters– 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 pressures and a more hawkish …
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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 raising interest rates, given that …
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Financial News
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from …
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Financial News
Column-Cruel to be kind – Fed seems tempted by 1994 playbook :Mike Dolan
by Reutersby ReutersBy Mike Dolan LONDON – Tighten hard and fast now and you might just avoid triggering recession – it seems the Federal Reserve is tempted by its own playbook from …
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Financial News
Bank of Mexico seen raising rates in response to Fed hike, inflation-Reuters poll
by Reutersby ReutersMEXICO CITY – Mexico’s central bank is set to raise its benchmark interest rate this week for the seventh consecutive time, following in the footsteps of the U.S. Federal Reserve …
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Financial News
Fed open to speedier interest rates hikes if high inflation persists – Powell
by Reutersby Reuters– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve Chair Jerome Powell said on …
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Financial News
Column-Hedge funds go long dollars, curve steepeners before Fed lift-off: McGeever
by Reutersby ReutersBy 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, but have so far been …
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Financial News
Fed may have to be more aggressive after hiking rates this year, Kashkari says
by Reutersby ReutersBy Ann Saphir – The Federal Reserve should raise its policy rate to the range of 1.75% to 2% this year, Minneapolis Fed President Neel Kashkari said on Friday, and …
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Financial News
Deutsche Bank’s U.S. affiliate, following the Fed, raises prime lending rate
by Reutersby Reuters– 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 Wall Street banks after the …
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Financial News
IMF says Fed tightening appropriate, adds to risks for emerging markets
by Reutersby ReutersWASHINGTON – The U.S. Federal Reserve is acting “appropriately” to tighten monetary policy and signal a higher future rate path, but the policy shift does bring risks for emerging market …
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Financial News
Past Fed hiking cycles, from sanguine to severe, may say little about this one
by Reutersby ReutersBy Howard Schneider WASHINGTON – U.S. politicians know high inflation can bring careers in public office to an early end, but it is ultimately up to the unelected officials of …
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Financial News
Column-To neutral … and beyond! U.S. rate outlook rises after Fed liftoff: McGeever
by Reutersby ReutersBy 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 on Wednesday, bringing to an …
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By Ann Saphir – Federal Reserve policymakers on Wednesday signaled much faster interest rates hikes this year than they had expected just a few months ago, getting them to about …
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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 began a monetary tightening cycle …
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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. Federal Reserve interest rate …
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Financial News
U.S. Treasury yields push to new highs as Fed looks set to hike rates
by Reutersby ReutersLONDON – 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 from the Federal Reserve. Five-year …
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US and World News
Senate banking panel to move forward with other Fed nominees -Brown
by Reutersby Reuters– 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 the Federal Reserve Board after …
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US and World News
White House urges Senate committee to advance Fed slate despite Manchin
by Reutersby ReutersWASHINGTON – 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 a key Senate committee despite …
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Financial News
White House working to line up bipartisan support for Fed nominee Raskin
by Reutersby ReutersWASHINGTON – The White House said on Monday it was working to line up bipartisan support for Federal Reserve nominee Sarah Bloom Raskin, after Democratic Senator Joe Manchin said he …
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By Howard Schneider WASHINGTON – In what now seem the simpler days of December, when there was only a pandemic to worry about, Federal Reserve officials rallied around the view …
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Financial News
High risk of half-percentage-point Fed rate hike in 2022, economists say
by Reutersby ReutersBy Prerana Bhat and Indradip Ghosh BENGALURU – There is a high risk the Federal Reserve will raise interest rates by half a percentage point sometime this year, according to …
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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 this year, though it may …