What will markets make of the new chair of the Fed? Opinion Kevin Warsh wants to take us back to a world where the semi-annual Humphrey-Hawkins testimony of the Fed Chair to Congress is effectively the moment where the Monetary Wizard of Oz steps out from behind the curtain to signal the direction for interest rates, says Helen Thomas “I don’t view the Chairman, in his testimony [...]
Fed’s Powell: Commercial property stress may last years Economics The weakness in the commercial property sector may last years, Federal Reserve chair Jerome Powell has warned.
Fed holds interest rates for seventh consecutive meeting after ‘modest’ progress on inflation Economics At the turn of the year investors thought the cutting cycle would be well underway but now traders do not expect a cut until September.
Week ahead: Fed to hold rates – but is a September cut on the cards? June 9, 2024 Any shift to a single cut, as suggested by Atlanta Fed President Raphael Bostic in April, could boost the dollar sharply.