While the no-hike was expected, there was considerable uncertainty over where the rate-setting Federal Open Market Committee would go from here. Judging from documents released Wednesday, the bias appears toward more restrictive policy and a higher-for-longer approach to interest rates. That outlook...
The U.S. Federal Reserve has decided to keep interest rates unchanged, but signaled more rate hikes will come. With inflation still significantly above target and the banking crisis not yet over, Fed officials and market watchers are divided over future hikes, and the path ahead must be diff...
TOKYO, March 17 (Xinhua) -- As the shocking collapse of U.S. Silicon Valley Bank (SVB) triggered turmoil in global financial markets, Japanese media and experts blamed the U.S. Federal Reserve's continued aggressive interest rate hikes for the upheaval in the well-regarded lender. The Fed...
Following a Fed policy meeting last week, the central bank signaled that it is ready to begin a series of interest-rate hikes in March to combat surging inflation, as it exits from the ultra-loose monetary policy enacted at the start of the COVID-19 pandemic. Market expectations have shift...
predicted a rate hike – or two – could be on the horizon. Seven of the 18 members projected there could be an interest rate increase in 2022, and just five said rates will remain the same through 2023. In fact, the Fed has now predicted two rate hikes could be necessary in 2023....
Outside of Europe, the effects of the U.S. Fed rate hike are also felt. "Japan has already intervened and there is talk that the bank of England may have to do something to stem the slide in sterling," Knightley said."Basically we are back to the famous quote by U.S. Treasury ...
The Fed is expected to raise the benchmark interest rate by 50 basis points on Wednesday following an initial hike of 25 basis points in mid-March, when the latest round of monetary tightening was kicked off. The developing countries suffering from a worsening balance of payment could be force...
However, investors were pleased by Powell's comment that Fed's next move was "unlikely" to be a rate hike. TheDow Jones Industrial Average jumped after the remarks, and rose as much as 500 points. He also stressed the need for the committee to make its decisions "meeting by meeting." ...
An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.
Outside of Europe, the effects of the U.S. Fed rate hike are also felt. "Japan has already intervened and there is talk that the bank of England may have to do something to stem the slide in sterling," Knightley said. "Basically we are back to the famous quote by U.S. Treasury ...