Central banking
Top Wall Street execs are getting skeptical on the Fed’s easing path
A trader works as a screen displays the Fed rate announcement, on the floor of the New York Stock Exchange on June 12, 2024. Brendan McDermid | Reuters RIYADH, Saudi Arabia — Major Wall Street CEOs see ongoing inflation pressures in the U.S. economy and aren’t convinced that the Federal Reserve will continue its rate-easing […]
Read More
Surge in UK borrowing costs is not a repeat of the ‘mini-budget’ crisis, economists say
LONDON — U.K. borrowing costs are elevated after the Labour government unveiled a huge package of borrowing and tax rises in its Wednesday budget — but analysts downplayed the possibility of a second “mini-budget” crisis in the British bond market. The 10-year gilt yield, representing medium-term borrowing costs for the government, was slightly lower on […]
Read More
Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images The U.S. Federal Reserve’s decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. “We’re very confident and optimistic with the rate […]
Read More
Euro zone inflation rises to higher-than-expected 2%, weakening case for jumbo rate cut
Line-up of pumpkins in the Netherlands, on Oct. 27, 2024. Nurphoto | Nurphoto | Getty Images Inflation in the 20-nation euro zone rose to 2% in October, preliminary figures released by statistics agency Eurostat showed Thursday. Economists polled by Reuters had forecast a headline figure of 1.9%. The September headline reading was revised down to […]
Read More
Eyeing U.S. election, China considers over $1.4 trillion in extra debt over next few years, Reuters reports
This photo taken on September 24, 2023, shows residential buildings in Chongqing, in southwest China. Stringer | Afp | Getty Images China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, said two sources with […]
Read More
Morgan Stanley CEO says the era of zero interest rates and inflation ‘is over’
Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel […]
Read More
Larry Fink says the Fed won’t cut interest rates as much as markets expect this year
Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022. Michael M. Santiago | Getty Images The U.S. Federal Reserve won’t cut interest rates as much as markets expect because “embedded […]
Read More
Japan’s central bank to remain undeterred on rate hikes despite LDP’s electoral shock, analysts say
Bank of Japan Governor Kazuo Ueda responds to questions during a Governors talk on Japanese inflation and monetary policy at the International Monetary Fund (IMF) and the World Bank Group 2024 Fall Meeting in Washington, U.S., October 23, 2024. Kaylee Greenlee Beal | Reuters Japan’s longtime ruling Liberal Democratic Party may have suffered an election […]
Read More
Russia’s central bank raises key rate to 21% to rein in inflation
09 June 2024, Russia, Moskau: A guardhouse of the Kremlin (l) and the Foreign Ministry (M, background) stand in the center of the capital. Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images) Picture Alliance | Picture Alliance | Getty Images Russia’s central bank on Friday raised its key interest rate by 200 […]
Read More
Another European Central Bank member says a jumbo cut is on the table
Mārtiņš Kazāks, governor of the Bank of Latvia and a member of the European Central Bank’s Governing Council, on Thursday weighed in on the possibility of a jumbo half-point interest rate cut for December. When asked for his views on a 50-basis rate cut by the ECB at its next meeting, he said that “everything […]
Read More