monetary-policy
Top StoriesSwiss Inflation Steadies in July, Still Above SNB Target
Top StoriesGlobal Cenbanks Lift Rates by Nearly 1,200 Bps in July
Top StoriesAnalysis: U.S. Banks Face Trillion-Dollar Reverse Repo Headache
Top StoriesEuro Area to Get Back Half What It’s Spending on War Fallout – ECB
Bank of England to Get More Aggressive With 50 Bps Hike on Thursday: Reuters Poll
Date: August 1, 2022
By Jonathan Cable LONDON (Reuters) – The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds. Over 70% of the 65 respondents to...
Dollar Sinks Below 132 Yen as Traders Boost Recession Bets
Date: August 1, 2022
By Saikat Chatterjee LONDON (Reuters) – The U.S. dollar declined to its lowest level in more than six weeks against the Japanese yen on Monday as investors ramped up bets that aggressive Federal Reserve monetary policy would tip the economy into a recession. With traditional market gauges of recession such as yield curve spreads pinned...
Bank of England Probes the Persistence of UK’s Inflation Surge
Date: August 1, 2022
LONDON (Reuters) – The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage point interest rate rise as soon as this week. Here are some of the things that Governor Andrew Bailey and his colleagues...
Fed’s Aggressive Rate-Hike Path Bolstered by New Inflation, Wage Data
Date: July 29, 2022
By Ann Saphir and Howard Schneider (Reuters) – Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling before the U.S. central bank will let up on what’s so far been its most aggressive set of interest rate hikes in decades. In data released on Friday, he largely...
Wall Street Extends July Rebound, Led by Tech, Energy
Date: July 29, 2022
By Lawrence Delevingne (Reuters) – U.S. stocks extended their July rebound on Friday, with the dollar and some Treasury yields dipping, as traders acted on positive corporate news despite increased labor costs and other inflation indicators. Positive forecasts from Apple Inc and Amazon.com Inc showed resilience https://www.reuters.com/markets/europe/amazon-apple-raise-hopes-investors-brace-slowdown-2022-07-29 in mega-cap companies to survive an economic downturn,...
Dollar Rallies From Three-Week Lows as U.S. Data Shows Pick-Up in Inflation
Date: July 29, 2022
By Gertrude Chavez-Dreyfuss and Saikat Chatterjee NEW YORK/LONDON (Reuters) – The dollar rebounded from a three-week low in choppy trading on Friday, as a round of U.S. economic data suggested that inflation continued its red-hot rise in June, keeping the Federal Reserve on track to raise interest rates as aggressively as it deems necessary. The...