monetary-policy
InvestingSterling Drops as BoE Hikes Interest Rates but Diverges From Fed
BankingBank of England Makes Historic Rate Hike Despite ‘very Challenging’ Outlook
Top StoriesAnalysis-Weary Investors See Little Respite to Fed Hike Gloom
Top StoriesCyclicals, Bat Drag FTSE 100 Lower Ahead of Fed Decision
Dollar Falls as Fed Decision Looms, Yen and Real Gain
Date: November 2, 2022
By Joice Alves and Kevin Buckland LONDON/TOKYO (Reuters) – The dollar slipped on Wednesday as investors awaited a Federal Reserve policy decision amid speculation it might indicate a slowdown in future rate hikes. The central bank will release its policy statement at 2 p.m. EDT (1800 GMT), with investors widely expecting a 75 basis points...
World’s Top Bankers Expect Markets to Stay Turbulent
Date: November 2, 2022
By Xie Yu and Summer Zhen HONG KONG (Reuters) – Central banks will get inflation under control, but there will be turbulence in the near-term due to monetary tightening and geopolitical risks, top bankers said at a summit in Hong Kong on Wednesday. Morgan Stanley CEO James Gorman said his gut feeling was that central...
Central Banks Ease Off on Rate Hike Push in October
Date: November 2, 2022
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of rate hikes delivered by central banks around the globe in October slowed down dramatically following September’s historic peak. Central banks overseeing four of the 10 most heavily traded currencies delivered 200 basis points of rate hikes between them last month, while...
European Shares Kick Off November on Bright Note
Date: November 2, 2022
By Shreyashi Sanyal and Ankika Biswas (Reuters) -European shares gained on Tuesday, starting November on an upbeat note amid growing hopes that the U.S. Federal Reserve would slow down the pace of its interest rate hikes. The pan-European STOXX 600 index rose 0.6% to hit a near seven-week closing high, with miners and retailers leading...
European Shares Jump as Luxury Stocks, Miners Rally Amid Fed Pivot Hopes
Date: November 1, 2022
By Shreyashi Sanyal (Reuters) -European shares jumped on Tuesday, boosted by miners and luxury stocks, amid rising hopes that the U.S. Federal Reserve would slow down the pace of its interest rate hikes next month. The pan-European STOXX 600 index rose 1.2% by 0905 GMT, kicking off November on a solid footing and hovering at...
U.S. Dollar Climbs as Fed Likely to Deliver Another Big Hike; Sterling Slumps
Date: October 31, 2022
By Gertrude Chavez-Dreyfuss and Alun John NEW YORK/LONDON (Reuters) – The dollar gained across the board on Monday, regaining some ground it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting. In contrast, sterling was on the defensive against the dollar and the...