U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington, U.S., June 12, 2024. Evelyn Hockstein | Reuters The U.S. Federal Reserve and European Central Bank could move to cut interest rates in September as key data provides further signs … Read more
Sweden’s Riksbank on Thursday said it may cut interest rates up to three more times this year — as the central bank’s governor, Erik Thedéen, warned it must proceed with caution. “Two or three cuts is a forecast, it’s not a promise, and we will adapt monetary policy according to incoming information,” Thedéen told CNBC’s … Read more
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at a time when sentiment over monetary policy easing remains mixed … Read more
General view of the Bank Of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, confirming market expectations even after U.K. inflation hit its 2% target. It keeps the central bank’s key rate at a … 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 LONDON — The U.K. had some cause for celebration on Wednesday morning, as headline inflation hit the Bank of England’s 2% target … Read more
Shoppers on the high street in the Kingston district of London, U.K. Bloomberg | Bloomberg | Getty Images U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday, in the last print of the key economic measure ahead of national elections in July. The headline … Read more
U.S. Treasury bond yields fell on Tuesday after a cool reading for May retail sales raised concerns about the strength of the economy. The 10-year Treasury yield was more than 6 basis points lower at 4.215%. The 2-year Treasury note yield was down more than 5 basis points at 4.708%. Yields and prices move in … Read more
Taylor Swift performs on stage during during “Taylor Swift | The Eras Tour” at Anfield on June 13, 2024 in Liverpool, England. Gareth Cattermole/tas24 | Getty Images Entertainment | Getty Images LONDON — Taylor Swift’s record-shattering Eras Tour is continuing to supercharge consumer spending as it enters its U.K. leg, suggesting that the Bank of … Read more
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan kept its benchmark interest rate unchanged on Friday, … Read more
U.S. Treasury yields fell Wednesday after the Federal Reserve indicated it was making inroads on inflation following a cool May CPI report. The yield on the 10-year Treasury dropped nearly 11 basis points to 4.295%. The 2-year Treasury yield sank 9 basis points to 4.746%. Yields and prices have an inverted relationship and one basis … Read more
