monetary-policy
TradingEuropean Shares Hit Nine Month High, Dollar Wobbles After Powell Remarks
TradingSterling Bounces From One-Month Low After Comment From Fed’s Powell
InvestingShares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish
InvestingFTSE 100 Hits Record High on Bp Boost, Less-Hawkish Fed Signal
ECB Survey Shows Rising Inflation Expectations Despite Energy Price Falls
Date: February 7, 2023
FRANKFURT (Reuters) – Euro zone consumer expectations for inflation edged up again in December, a European Central Bank survey showed on Tuesday, indicating that recent interest rate hikes and falling energy prices have not yet tempered price growth fears. Inflation peaked at over 10% in October but has been in rapid decline since on lower...
Marketmind: Rates Start to Bite
Date: February 6, 2023
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian stocks on Tuesday come off the back of their worst day since June hoping for recovery, but vulnerable to an expected interest rate hike in Australia, potentially critical comments from Fed Chair Jerome Powell and deepening U.S.-Sino...
UK Stocks Slip as Rate Hike Worries Grip Investors
Date: February 6, 2023
By Sruthi Shankar and Shashwat Chauhan (Reuters) – The UK’s FTSE 100 closed lower on Monday, as upbeat U.S. economic data last week sparked fears of further monetary tightening and as a top Bank of England (BoE) official voiced concerns that rates need to stay higher for longer. The blue-chip FTSE 100 fell 0.8% after...
Bank of England’s Mann Doubles Down on Backing for Rate Hikes
Date: February 6, 2023
By Gergely Szakacs BUDAPEST (Reuters) – Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned that pausing, as some of her colleagues advocate, risked a confusing “policy boogie” if it turned out rates would need to rise again. After hiking interest rates to 4% last week, the BoE’s...
U.S. Job Growth Powers Ahead; Unemployment Rate at 3.4%
Date: February 3, 2023
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit a more than 53-1/2-year low of 3.4%, pointing to a persistently tight labor market, and a potential headache for Federal Reserve officials as they fight inflation. The Labor Department’s closely watched employment report on Friday also showed...
Euro Zone Inflation Seen Just Above ECB’s Target in 2025, Poll Shows
Date: February 3, 2023
FRANKFURT (Reuters) – Euro zone inflation is set to decline to 2.1% in 2025, just a shade above the European Central Bank’s target, an ECB poll of economists forecast on Friday. The ECB raised interest rates for the fifth straight time on Thursday and signalled more hikes ahead, reaffirming it would stay the course in...