Fed’s Powell: Rate Hikes To Slow Down, But Adjustment Continues
Federal Reserve Chair Jerome Powell on Wednesday said it was time to reduce the pace of future interest rate rises while also flagging a protracted economic adjustment to a world ...
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Tag: interest rate
Fed Expected To Continue Its Interest Rate Hikes Despite Rampant Unemployment
The Fed Reserve is expected to continue with sharp interest rate increases in coming months to curb inflation, but growing U.S. unemployment and a slump in wage growth have traders ...
Bank of Canada Expected To Send Interest Rates Into Restrictive Territory
The Bank of Canada is widely awaited to take on yet another astronomical interest rate rise next week, raising its policy rate into restrictive territory for the first time in ...
Fed Officials Believe U.S. Interest Rates Will Surge Further
U.S. Federal Reserve officials on August 30 restated their support for additional interest-rate increases to tame inflation, with the prominent chief of the New York Fed saying the central bank ...
Norway Central Bank Passes Highest Interest Rate Hike In 20 Years
Summary Norges Bank raises the interest rate by 50 basis points to 1.25% The majority of analysts had expected 25 points hike The central bank sees the rate hitting 3% ...
Wells Fargo, JPMorgan Increase Prime Rates To Match Fed’s Hike
United States banks Wells Fargo & Co and JPMorgan Chase & Co said on June 15 that they had raised their prime lending rates by 75 basis points to reach ...
An ECB Crisis: The Quest For A Neutral Euro Zone Interest Rate
Summary ECB policymakers increasingly refer to a 'neutral rate' in discussing the hiking cycle Eurozone neutral rate was seen between 1%-2%, but economists and policymakers still divided Neutral rates vary ...
Russia Hiked Interest Rate To 20% Urging Firms To Trade Foreign Currency
Summary Key rate raised to 20% from 9.5% by Central bank Move aimed at addressing rouble, inflation Russian companies to start selling FX In an emergency move, the Russian central ...