monetary-policy
Top StoriesMorning Bid: BOJ Brings Yen Into Sharper Focus
FinanceBOJ Keeps Interest Rates Steady, Sticks to Upbeat Economic View
TradingDollar Edges Lower in Choppy Trading After Fed Rate Cut
FinanceBank of England Leaves Rates at 5%, Pound Hits Highest Since March 2022
Analysis-After Jumbo Fed Rate Cut, Market Hopes Ride on US Soft Landing
Date: September 19, 2024
By Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) – One of the most consequential Federal Reserve meetings in recent history has put investors’ focus squarely on one question: whether the central bank has kicked off its rate cutting cycle in time to keep the economy from slowing too rapidly. The Fed delivered a...
Bank of England Set to Hold Rates With Bond Sales in Spotlight
Date: September 19, 2024
By Andy Bruce (Reuters) – The Bank of England looks set to keep interest rates on hold on Thursday as it awaits signs that inflation risks are quashed, putting the focus instead on a decision about bond sales that could feed into Finance Minister Rachel Reeves’ first budget. British inflation held steady in August...
Fed’s Powell: Central Bank Forecasts Don’t Point to Urgent Action
Date: September 19, 2024
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don’t imply an urgent process. “There’s nothing in the (Summary of Economic Projections) that suggest the Committee is in a rush to get this done,” Powell said in...
Fed Policymakers See end-2024 Policy Rate at 4.4%: Projections
Date: September 18, 2024
WASHINGTON (Reuters) – U.S. central bankers think they’ll need to lower interest rates to a range of 4.25%-4.50% by year-end, more than they anticipated in June, as inflation approaches their 2% goal and unemployment rises. That’s according to the median of new economic projections published on Wednesday by the Federal Reserve at the end of...
Sterling Rises After UK Inflation Data and Ahead of Fed
Date: September 18, 2024
By Linda Pasquini LONDON (Reuters) – The British pound rose against the dollar on Wednesday after UK inflation data boosted the market view that the Bank of England will keep interest rates steady on Thursday, in contrast with an expected start to the U.S. policy easing cycle later on Wednesday. Sterling gained 0.49% to $1.3227,...
With Fed’s Rate Cut at Hand, Debate Swirls Over How Large a Move
Date: September 18, 2024
By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve on Wednesday will lower interest rates for the first time in more than four years as the U.S. central bank starts to reverse the restrictive conditions it imposed to beat back inflation, but whether policymakers opt for a half-percentage-point cut or smaller move remains up in the...