Central banking
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she’s in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery. That means a strong likelihood of backing a 50 basis point rate hike at the next Fed meeting and perhaps a few more after, but […]
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5-year Treasury yield hits 3% following Powell’s comments on rate hikes
The 5-year U.S. Treasury yield topped 3% on Friday, after Federal Reserve Chairman Jerome Powell’s suggestion that a 50-basis-point rate hike could be in the cards in May. The yield on the 5-year Treasury note was last down 4 basis points at 2.937%. Earlier in the day it climbed as high as 3.05% and was […]
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Wharton’s Siegel says Fed should hike rates by 75 basis points: ‘Take your medicine all at once’
“We really need to slow down this super hot economy and get a handle on this inflation,” Jeremy Siegel told CNBC on Friday. “I think the market wants it.” Source
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Watch Fed Chairman Jerome Powell speak live at IMF debate
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC’s Sara Eisen will moderate the talk. The event is part of the IMF’s […]
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South Korea’s new central bank governor flags weaker growth
South Korea’s new central bank governor Rhee Chang-yong said the Ukraine crisis, U.S. monetary tightening, and Covid-19 resurgence in China as near-term factors weighing on economic growth amid persistently high inflation. Bloomberg | Bloomberg | Getty Images South Korea’s new central bank governor Rhee Chang-yong said on Thursday that economic growth is expected to weaken […]
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Japanese yen could weaken to 135 per dollar in the ‘very near future,’ says Wells Fargo
This photo illustration shows Japanese 10,000 yen banknotes in Tokyo on November 19, 2021. The Japanese currency has weakened sharply against the dollar in recent weeks amid expectations the Bank of Japan will lag its peers in normalizing monetary policy. Behrouz Mehri | AFP | Getty Images The Japanese yen may continue to see weakness […]
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Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, November 12 2018. Ann Saphir | Reuters San Francisco Federal Reserve President Mary Daly acknowledged Wednesday that a near-certain series of interest rate hikes over the coming months could tip […]
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Fed’s Bostic expresses caution about the pace of interest rate hikes
Atlanta Federal Reserve President Raphael Bostic on Tuesday expressed concern about the impact that rate hikes could have on the U.S. economic recovery, saying the central bank shouldn’t move so fast that it chokes off growth. Bostic did not commit in a CNBC interview to what pace the Fed should take in increasing benchmark rates. […]
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Australia’s central bank is closer to raising rates as inflation rises, minutes show
The Reserve Bank of Australia building in Sydney, Australia, on Monday, Sept. 6, 2021. Australia’s central bank is nearer to raising interest rates for the first time in more than a decade as inflation accelerates and labor market tightens, minutes of its April policy meeting showed on Tuesday. David Gray | Bloomberg | Getty Images […]
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Bank of Japan’s Kuroda warns recent yen moves ‘quite sharp,’ may hurt businesses
Haruhiko Kuroda, governor of the Bank of Japan, gestures while speaking during a news conference at the central bank’s headquarters in Japan, on March 18, 2022. He said on Monday the yen’s recent moves have been “quite sharp” and could hurt companies’ business plans. Kiyoshi Ota | Bloomberg | Getty Images Bank of Japan Governor […]
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