Fed hold rates steady, sees inflation as ‘elevated’; Powell declines comment on Trump
The Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.
Federal Reserve holds interest rates steady as inflation remains above 2%
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's ...
US central bankers resist pressure from Donald Trump to cut interest rates
The president did not get what he wanted from the US Federal Reserve chair yesterday. Jay Powell and his fellow central bank officials held interest rates steady, defying pressure from Donald Trump to ...
Will US inflation ever go below 3%?
Reports of the demise of US inflation have been greatly exaggerated. Today on the show, Rob Armstrong and Aiden Reiter ...
Monetary policy is a sideshow now
Fiscal policy and monetary policy are always vying for top spot on the market’s list of concerns. For now, there is little to see at the Fed. What the market needs is clarity on the fiscal front.
Bank of Japan raises policy rate to 0.5% and signals further increases
In a well-trailed move, the Bank of Japan on Friday raised the policy rate by 0.25 percentage points, taking it to 0.5 per ...
Bank of Japan expected to raise rates on Friday with inflation and wages ‘on path’
The Bank of Japan is likely to raise rates at its January 24 meeting following recent supportive comments from BoJ governor Kazuo Ueda and deputy Ryozo Himino.
UK Budget fallout adds to Bank of England dilemma on interest rates
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ ...
How low will UK interest rates go?
Bond markets in the UK may be more sensitive to fiscal credibility following the turbulence after the 2022 Liz Truss budget. But fiscal sustainability in the UK does not significantly differ from some ...