interest-rates
Top StoriesUK’s FTSE Slides to 1-mo Low as Fed Dampens Mood Ahead of BoE
BankingBOJ Keeps Ultra-Low Rates, Gives Few Clues on When It Might Hike
FinanceUK Gilt Yields Jump Again After Fed Signals Go-Slow on Rate Cuts
BankingBank of England to Keep Rates Steady as Price Pressures Linger
UK’s FTSE Slides to 1-mo Low as Fed Dampens Mood Ahead of BoE
Date: December 19, 2024
(Reuters) – UK’s main FTSE 100 stock index dropped 1% and revisited its near one-month low on Thursday, as the U.S. Federal Reserve’s overnight projection of a slower path of interest-rate cuts knocked down investors’ risk appetite globally. The FTSE 100 was down 1% as of 0900 GMT, hitting its lowest since Nov. 21, levels...
Swedish Central Bank Cuts Policy Rate, Cautious on Easing in 2025
Date: December 19, 2024
By Simon Johnson STOCKHOLM (Reuters) – Sweden’s central bank cut its key interest rate by a quarter percentage point to 2.50% as expected on Thursday, but said that after easing policy five times this year, it now saw reasons to be more cautious as it enters 2025. Sweden’s economy has been treading water for the...
European Stocks Tumble After Fed’s Hawkish Signal
Date: December 19, 2024
By Sruthi Shankar (Reuters) -European stocks tumbled on Thursday, on course for their biggest percentage drop in five weeks, as investors fled riskier assets including equities and commodities after the U.S. Federal Reserve signalled a slower pace of interest rate cuts next year. The pan-European STOXX 600 index was down 1% by 0839 GMT, with...
Pound Rocked by Tough-Talking Fed Ahead of BoE Decision
Date: December 19, 2024
By Harry Robertson LONDON (Reuters) – Sterling inched higher on Thursday as it recovered some of its steep losses suffered late on Wednesday when the U.S. Federal Reserve officials sent the dollar surging by scrubbing out two rate cuts from next year’s projections. The focus in UK markets on Thursday is on the Bank of...
BOJ Keeps Rates Steady, Hawkish Board Member Dissents
Date: December 19, 2024
By Leika Kihara, Makiko Yamazaki TOKYO (Reuters) -The Bank of Japan kept interest rates unchanged on Thursday but one dissenting board member’s proposal to push up borrowing costs showed the bank remains on track to tighten policy early next year. As widely expected, the nine-member BOJ board voted 8-1 to keep its short-term policy rate...
Analysis-US Stocks Face Headwind From Rising Yields After Fed Signals Fewer Rate Cuts
Date: December 19, 2024
By Lewis Krauskopf and Suzanne McGee NEW YORK (Reuters) – The rally in U.S. stocks is encountering a fresh hurdle — a potentially problematic rise in Treasury yields as the Federal Reserve signals fewer interest rate cuts for 2025. The central bank’s rate outlook on Wednesday included only two cuts in the coming year, rather...