Data may bias Fed to more rate hikes, ex-St. Louis Fed chief says
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials may have to revise higher forecasts of how far they’ll have to raise interest rates given the unexpected strength…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve officials may have to revise higher forecasts of how far they’ll have to raise interest rates given the unexpected strength…
LONDON (Reuters) – It is crunch time. Major central banks have confounded economists with a string of interest rate rises that, so far, have moderated inflation without causing global recession.…
LONDON (Reuters) -The European Central Bank raised its key interest rate to a record peak on Thursday and signalled this will likely be its final move in a more-than year-long…
By Davide Barbuscia NEW YORK (Reuters) – Some large U.S. bond investors said on Wednesday they believe the Federal Reserve has reached a peak in its interest rate hiking campaign,…
(Reuters) – J.P.Morgan Asset Management said on Wednesday it expects no further interest rate hikes from the U.S. Federal Reserve in this cycle, after crucial inflation data appeared to remain…
By Stephen Nellis (Reuters) – After months of testing, Adobe on Wednesday opened up access to a range of generative artificial intelligence features across its software, with plans to raise…
(Reuters) – Futures contracts that settle to the Federal Reserve’s policy rate on Wednesday reflected growing confidence that the U.S. central bank probably will not increase borrowing costs any further,…
ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts to 4.4% this year and…
By Lisa Pauline Mattackal (Reuters) – The full impact of the U.S. Federal Reserve’s interest rate hikes that began in March 2022 has still not been completely transmitted to the…
BERLIN (Reuters) – Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit…
Powell Signals More Rate Hikes Could Be On The Horizon Will Kessler on August 25, 2023 Federal Reserve Chair Jerome Powell raised the possibility of more interest rate hikes in…
By Elizabeth Pineau PARIS (Reuters) -The French government has no plans to make households pay more taxes, Prime Minister Elisabeth Borne said on Wednesday, but other tax rises are under…
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high on Thursday following interest rate…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left its benchmark interest rate steady at 6.25% for a third straight meeting on Thursday, saying…
LONDON (Reuters) – Russia’s central bank jacked up its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble’s…
By Ann Saphir (Reuters) – Federal Reserve policymakers are unlikely to raise interest rates again in 2023 and will probably start cutting them early next year, traders bet on Thursday,…
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises Will Kessler on August 10, 2023 Inflation rose in July after steadily declining from a high of 9.1% in…
(Reuters) – The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday. Bowman said she supported the Fed’s…
LONDON (Reuters) – Britain’s construction sector returned to growth in July but house-builders suffered another sharp contraction due to higher interest rates and fears about the outlook for the economy,…
FRANKFURT (Reuters) – European Central Bank board member Fabio Panetta made the case on Thursday for keeping the ECB’s interest rates at their current high level for longer, rather than…
By Fergal Smith TORONTO (Reuters) – Analysts have raised their bullish forecasts on the Canadian dollar as central banks globally, including the Federal Reserve, move closer to concluding interest rate…
By Gaurav Dogra (Reuters) – Overseas investors bought Asian equities for the fourth consecutive month in July, spurred by signs that the Federal Reserve’s tightening cycle might be ending, a…
By Kylie Madry MEXICO CITY (Reuters) – Mexican cement maker Cemex on Thursday posted a slight rise in second-quarter net profit, on the back of double-digit price hikes and a…
Fed Resumes Interest Rate Hikes To Highest Level Since 2001 Will Kessler on July 26, 2023 The Federal Reserve hiked its benchmark federal funds rate by a quarter of a…
FRANKFURT (Reuters) – Lending to euro zone companies slowed again last month, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and…