Central banking
Markets hopes for Fed interest rate cuts are rapidly fading away
Key Points As both energy prices and inflation fears pop, expectations for Federal Reserve interest rate cuts are sliding. Traders have taken even a September cut off the table and now see only one coming, in December. There are no additional cuts priced in until well into 2027 or even into the early part of […]
Read More
Fed Governor Miran says job losses in February add to the case for more interest rate cuts
Key Points Federal Reserve Governor Stephen Miran said in a CNBC interview on Friday that the weak February jobs report bolsters the rationale for the central bank to lower interest rates further. If Miran had his way, the rate would be around neutral, which he deems to be about a full percentage point lower. Source
Read More
New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers
Key Points American consumers and businesses are taking most of the hit from President Donald Trump’s tariffs, New York Fed President John Williams said in remarks that counter White House claims. A study Williams cited on the issue has generated a fair amount of controversy over the past few weeks, with White House economist Kevin […]
Read More
South Korea central bank holds rates, adopts dot-plot path signalling extended pause
SEOUL, SOUTH KOREA – 2025/05/07: General view of the headquarters of the Bank of Korea in central Seoul. The Bank of Korea (BOK) is the central bank of South Korea and the institution that issues the Korean won. It was founded on June 12, 1950 in Seoul. (Photo by Kim Jae-Hwan/SOPA Images/LightRocket via Getty Images) […]
Read More
Fed officials split on where interest rates should go, minutes say
Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now but could resume later in the year only if inflation cooperates. While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared less certain, with members conflicted […]
Read More
Visa’s Olympics monopoly highlights Europe’s payment headache
Milano Cortina 2026 Winter Olympics – Previews – Cortina d’Ampezzo, Italy – January 26, 2026 General view of the Olympic rings covered in snow ahead of the Milano Cortina 2026 Winter Olympics. Claudia Greco | Reuters Anyone trying to buy a souvenir at the official Olympic stores at the Milano Cortina Games will have been […]
Read More
ECB makes euro backstop global to bolster currency’s role
The euro steadied near its lowest in a month on Wednesday, nursing steep losses this week as investors counted the cost of the U.S.-EU trade pact. Olena Malik | Moment | Getty Images The European Central Bank unveiled plans on Saturday to widen access to its euro liquidity backstop, making it globally available and permanent […]
Read More
Hong Kong proceeds with stablecoin plans despite Beijing’s reservations
INDIA – 2025/05/22: In this photo illustration, a Bitcoin logo is seen displayed on a smartphone with the Hong Kong flag in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Hong Kong’s central bank is pressing ahead with plans to issue an initial batch of […]
Read More
Bank of England governor says inflation is set to reach target level sooner than expected
The U.K. is set to reach its target level of 2% inflation earlier than expected, Bank of England governor Andrew Bailey has told CNBC. The central bank left interest rates unchanged at 3.75% on Thursday, in a widely anticipated move, though its nine-member Monetary Policy Committee (MPC) was split 5-4 over the decision. Speaking with […]
Read More
ECB holds rates but it’s not a ‘non-event,’ economists say. Here’s why
A projection of a Euro currency sign is pictured on the facade of the European Central Bank (ECB) headquarters in Frankfurt am Main, western Germany, on Dec. 30, 2025. Kirill Kudryavtsev | Afp | Getty Images The European Central Bank on Thursday kept policy rates unchanged for the fifth consecutive meeting, with its key interest […]
Read More