monetary-policy
Top StoriesTight U.S. Labor Market Keeps Upward Pressure on Wages; Inflation Heats Up
Top StoriesRussia’s 2022 Inflation Seen at 13.4%, More Rate Cuts to Come: Reuters Poll
Top StoriesEuro Zone Inflation Hits yet Another Record High After Big Jump
Top StoriesSwiss National Bank Posts Record H1 Loss, Says No Policy Impact
BlackRock’s Li Says Market Too Optimistic on European Earnings
Date: July 28, 2022
By Lucy Raitano LONDON (Reuters) – Financial markets are too optimistic on the outlook for European earnings, given growing recession risks exacerbated by an energy crisis, BlackRock Investment Institute’s global chief investment strategist said on Thursday. European equities are trading around a seven-week high at the height of earnings season, but the outlook is darkening...
Shares Take a Breather After Fed Rally, Dollar Slides on Yen
Date: July 28, 2022
By Marc Jones LONDON (Reuters) – World shares consolidated a six-week high on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes, a shift in tone that comforted bond markets but sent the dollar to a three-week low against the yen. Europe gained as record-busting $11.5 billion profits from oil...
Dollar Hits Three-Week Low to Yen as Fed’s Powell Less Hawkish Than Feared
Date: July 28, 2022
By Kevin Buckland and Rae Wee TOKYO (Reuters) – The dollar dropped to a three-week low versus the yen on Thursday after Federal Reserve Chair Jerome Powell assuaged investors’ worries about continued aggressive monetary tightening. The U.S. currency sank as low as 135.105 yen, its weakest since July 6 after the Fed raised the benchmark...
Sterling Flirts With Three-Month High vs Euro
Date: July 28, 2022
LONDON (Reuters) – Sterling inched towards a three-month high versus the euro and a one-month high against the dollar as the more positive mood on broader markets encouraged investors back into currencies considered riskier during uncertainty. Analysts say with the conclusion of the Conservative Party leadership contest that will decide the next British prime minister...
Fed Unveils 75-basis-point Rate Hike, Flags Weakening Economic Data
Date: July 28, 2022
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – The Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point on Wednesday in an effort to cool the most intense breakout of inflation since the 1980s, with “ongoing increases” in borrowing costs still ahead despite evidence of a slowing economy. “Inflation...
Earnings Enliven Recession-Focused Markets Ahead of Fed Meeting
Date: July 27, 2022
By Sinéad Carew and Sujata Rao NEW YORK/LONDON (Reuters) – Wall Street shares gained ground on Wednesday after reassuring earnings reports and guidance from big U.S. companies, while bond yields fell and the dollar rose ahead of an expected Federal Reserve rate increase. Oil futures rose after a report of lower inventories in the United...