Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A deeper interest rate cut from the Federal Reserve this month could spook financial markets and send the wrong message … Read more
A trader works on the floor of the New York Stock Exchange on Aug. 23, 2024. Bloomberg | Bloomberg | Getty Images Central banks around the world are set to kick off or continue interest rate cuts this fall, bringing an end to an era of historically high borrowing costs. In September, the U.S. Federal … Read more
TOKYO, JAPAN – AUGUST 23: Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on August 23, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News The Bank of Japan is widely expected to stick to its monetary policy tightening campaign as inflationary … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on Aug. 23, 2024. Angela Weiss | AFP | Getty Images The speedy return of market confidence following a dramatic global sell-off in risky assets should be seen as a cause for concern, according to the head of asset allocation research … Read more
Andrew Bailey, governor of the Bank of England, waits to deliver a lecture at the London School of Economics in London, UK, on Tuesday, May 21, 2024. Bloomberg | Bloomberg | Getty Images Bank of England Governor Andrew Bailey will hail the progress made in dampening inflation in the U.K. in a Friday speech, but … Read more
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. Andrew Harnik | Getty Images Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he … Read more
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. Kevin Mohatt | Reuters For all the attention being paid to Federal Reserve Chair Jerome Powell’s policy speech Friday, the chances of it containing any … Read more
Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way September. Speaking to CNBC from the Fed’s annual retreat in Jackson Hole, Wyoming, Harker gave the most direct statement yet from a central bank official that monetary policy easing is almost a certainty when officials … Read more
Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed. “The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely … Read more
Taylor Swift performs onstage during “Taylor Swift | The Eras Tour” at Wembley Stadium on August 15, 2024 in London, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images LONDON — Taylor Swift’s record-breaking Eras Tour may have led to a surge in restaurant and hotel bookings in the U.K. — but it’s unlikely … Read more
