Central banking
CNBC Daily Open: Investors grow wary of U.S. assets as Trump intensifies attacks on Powell
U.S. President Donald Trump speaks as he meets with Italian Prime Minister Giorgia Meloni (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 17, 2025. Evelyn Hockstein | Reuters Yesterday’s edition of this newsletter cautioned that U.S. President Donald Trump’s desire to intervene in the Federal Reserve, as he […]
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CNBC Daily Open: Trump’s threat to intervene in Fed could cause upheaval
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Feb. 27, 2024. Morah Ratner | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans and […]
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CNBC Daily Open: Trump’s desire to intervene in Fed could cause chaos
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Thursday, Sept. 12, 2024. Stefani Reynolds | Bloomberg | Getty Images An independent central bank is seen by most (including this newsletter) as the bedrock of a functional economy. Officials steer the economy by calibrating the benchmark interest rate on which bank loans […]
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Turkey’s central bank surprises with 350-basis-point rate hike
Cityscape at sunset on March 4, 2024 in Istanbul, Turkey. Dia Images | Getty Images News | Getty Images Turkey’s central bank surprised markets on Thursday when it raised its key interest rate, the one-week repurchase rate, from 42.5% to 46%, ending the easing cycle it began in December of last year. The decision comes […]
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European Central Bank cuts interest rates, warns of ‘deteriorated’ growth outlook on trade tensions
The European Central Bank made yet another 25-basis-point interest rate cut on Thursday as global tariff turmoil has created widespread uncertainty and spurred fears about the euro zone’s economic growth. A rate cut was fully anticipated by markets, with an around 94% chance of a 25-basis-point trim being priced in ahead of the decision, according […]
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South Korea holds rates as it grapples with U.S. tariffs, prepares for snap election
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank held its policy rate at 2.75% Thursday, as the country grapples with U.S. tariffs and prepares for a snap presidential election. This was in line with a Reuters poll of economists that forecast […]
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Watch Fed Chair Powell speak live on policy to the Economic Club of Chicago
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday afternoon at the Economic Club of Chicago, delivering policy remarks with markets on edge over the effect of President Donald Trump’s tariffs. The […]
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Singapore sees zero growth as a possibility this year as it cuts GDP outlook on tariff worries
View of MAS building, Singapore Lee Yen Nee Singapore on Monday eased its monetary policy for the second straight time, as the city-state sees zero growth this year as a possibility after posting a lower-than-expected GDP expansion of 3.8% for the first quarter. The Monetary Authority of Singapore had eased its policy stance in its […]
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Powell sees tariffs raising inflation and says Fed will wait before further rate moves
US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty Images Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and […]
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Reserve Bank of Australia expectedly keeps interest rates steady at 4.1%
The Reserve Bank of Australia (RBA) building is seen behind construction fences on August 06, 2024 in Sydney, Australia. Lisa Maree Williams | Getty Images News | Getty Images The Reserve Bank of Australia on Tuesday expectedly held its benchmark policy rate at 4.1%, despite having flagged earlier that inflation was declining at a faster […]
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