There has been much interest in the relationship between the price of crude oil, the value of the U.S. dollar, and the U.S. interest rate since the 1980s. For example, the sustained surge in the real price of oil in the 2000s is often attributed to the declining real value of the...
The empirical evidence indicates that the oil price indeed affects real economic activity and employment. Lowinger et al. [30] examine the relationship between the interest rate in world financial markets and the oil prices, but their results show that only very large oil prices increase will have...
Minneapolis Federal Reserve President Neel Kashkari on Thursday expressed caution that interest rate cuts might not happen this year unless there's more progress on inflation. "If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts ...
There was a lot of chatter this past week about the most recent oil price inflation and interest rates. This week, we will dig into higher oil prices, inflation, and the link between interest rates and the economy. However, before we delve into that topic, it was a sloppy first week of...
The central bank is typically insulated from political interference, but several past presidents have sought to influence the Fed’s interest rate policy, including Trump, who repeatedly spoke out in favor of low interest rates during his first term. ...
The Bank's Monetary Policy Committee (MPC) met on Wednesday and voted by a majority of 8-1 to increase the Bank Rate by 0.25 percentage points, said the statement. The BoE has raised borrowing costs several times since December to bring down the country's soaring inflation, which reached ...
The prominent OPEC+ oil producers' alliance is awaiting concrete central bank action on interest rates before factoring in the potential impact on the energy demand landscape, according to Saudi Arabia's energy minister. Expectations have mounted over the timeframe and ...
ANKARA, Feb. 17 (Xinhua) -- Turkey's central bank kept the benchmark interest rate unchanged on Thursday, keeping it at 14 percent. "While cumulative impact of the recent policy decisions is being monitored, to create a foundation for sustainable price stability, the comprehensive review of th...
The Fund seeks to track the performance of an index composed of ESG (environmental, social and governance) screened Euro denominated investment grade corporate bonds with mitigated interest rate risk. Important Information: Capital at Risk. The value of investments and the income from...
Inflation has persisted in the economy despite easing considerably from the 40-year high of 9.1% annual inflation recorded in June 2022. The most recent reading of the consumer price index (CPI) came in at 2.9%, above the Fed's 2% target rate. Due in large part to stubborn inflation, th...