Central banking
An aggressive Fed has global ramifications. Here are 3 ways the world could be hit
The Federal Reserve is widely expected to hike interest rates by 75 basis points on Wednesday with inflation running at a 40-year high, but aggressive tightening of monetary policy runs the risk of tipping the economy into recession. Brendan Mcdermid | Reuters Global markets took a hammering to start the week as expectations grew that […]
Read More
‘Profit recession’ warning as markets wait for aggressive central bank moves
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 13, 2022. Brendan McDermid | Reuters Global stock markets diverged on Tuesday after a worldwide sell-off in the previous session, as analysts assessed the longevity of the bear market and risk of recession. U.S. stock futures bounced in […]
Read More
10-year Treasury yield falls after biggest move since March 2020; investors await key Fed meeting
Treasury yields fell on Tuesday as investors assessed the prospect of the Federal Reserve taking the most aggressive step yet in its fight to lower soaring inflation. The yield on the benchmark 10-year Treasury note slipped around 9 basis points to 3.276%, paring gains after climbing to 3.39% and notching its biggest move since 2020 […]
Read More
Global markets are tanking ahead of a huge week for central banks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, June 1, 2022. Brendan McDermid | Reuters LONDON — Global stock markets are falling sharply after May’s U.S. inflation print reignited fears that central banks will be forced into aggressive monetary policy tightening. Friday’s highly-anticipated consumer price index […]
Read More
JPMorgan says Chinese assets are a good diversifier right now
Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York. Mike Kemp | Getty Images LONDON – As lockdowns ease and regulatory pressures subside, some of the headwinds facing Chinese stocks are set to […]
Read More
2-year Treasury yield surges above 2.9% on hotter-than-expected inflation report
Short-term U.S. Treasury yields popped Friday, after the release of hotter-than-expected inflation data raised concern over a possible recession. The 2-year rate jumped more than 8 basis points to trade above 2.9%. The benchmark 10-year Treasury yield briefly rose before giving up those gains, last trading at about 3.04%. Short-term rates moved more due to […]
Read More
Russia cuts key interest rate back to prewar level
National flag flies over the Russian Central Bank headquarters in Moscow, Russia May 27, 2022. Maxim Shemetov | Reuters The Central Bank of Russia on Friday cut its key interest rate by 150 basis points to 9.5% — the level it was at when Russia’s invasion of Ukraine began. Although acknowledging that the external environment […]
Read More
India will need to make a ‘growth sacrifice’ to slow inflation, says JPMorgan
India will need to make a “growth sacrifice” to contain inflation, a JPMorgan economist told CNBC on Thursday. On Wednesday, the Reserve Bank of India raised the repo rate, or the rate at which banks borrow from the central bank, by a sizable 50 basis points to 4.9 %. The move continues the RBI’s reversal […]
Read More
Watch Christine Lagarde speak after the ECB ends its bond-buying program
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The European Central Bank on Thursday confirmed its intention to hike interest rates […]
Read More
European Central Bank confirms July rate hike plans, raises inflation projections significantly
The European Central Bank faces a tough balancing act, with inflation running at record highs while the war in Ukraine casts a shadow over the growth outlook. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to hike interest rates at its policy meeting next month […]
Read More