monetary-policy
TradingSterling Drops Back Towards 21-month Lows Before BoE Decision
Top StoriesECB Should Not Raise Rates in July Before Q2 GDP Data: Panetta
Top StoriesSterling Little Changed Near 21-month Low Ahead of BoE, Fed
Top StoriesDollar Slips Before Expected Fed Rate Hike
Analysis-Barely Visible Wage Growth Already a Trigger for ECB
Date: May 4, 2022
By Balazs Koranyi FRANKFURT (Reuters) – Wage growth in Europe is still barely visible but underlying pressures are intense and the European Central Bank may already have left it too late to stop strong income growth from seeping into record-high inflation. The ECB has been curbing stimulus by the smallest possible increments despite record inflation,...
Lacklustre Earnings, Fed Nerves Weigh on European Shares
Date: May 4, 2022
By Sruthi Shankar (Reuters) -European stocks slipped on Wednesday, dented by disappointing earnings and nerves ahead of a policy decision by the U.S. Federal Reserve, which is expected to hike rates by the most since 2000 to tame inflation. The pan-European STOXX 600 index dropped 0.5% in morning trade, with most regional indexes also trading...
Sterling Steady Near 21-month Low Ahead of BoE, Fed
Date: May 4, 2022
LONDON (Reuters) – The British pound was little changed on Wednesday, near its lowest level in 21 months, ahead of central bank meetings at the Federal Reserve and Bank of England (BoE). The BoE policy announcement on Thursday will be the key event for sterling this week, with policymakers expected to raise interest rates for...
Euro Zone Business Growth Got Boost From Reopened Services in April – PMI
Date: May 4, 2022
LONDON (Reuters) – Business activity in the euro zone accelerated last month as the bloc’s dominant services industry took advantage of a further loosening of COVID-19 restrictions, offsetting a near-stall in manufacturing output growth, a survey showed on Wednesday. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health,...
Fed Expected to Step up Inflation Fight With Big Rate Hike
Date: May 4, 2022
By Ann Saphir WASHINGTON (Reuters) – The Federal Reserve on Wednesday is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers intensify efforts to bring down high inflation. Fed policymakers have widely telegraphed a double-barreled decision that...
Sterling Bounces Higher as Dollar Surge Eases
Date: May 3, 2022
LONDON (Reuters) – The British pound rose on Tuesday, moving away from 21-month lows against the dollar as traders took profits on the recent surge in the U.S. currency ahead of both Federal Reserve and Bank of England monetary policy meetings this week. The Bank of England meeting, which is expected to result in a...