Jackson Hole highlights: Powell’s cutting rates, Bailey’s lifting weights August 26, 2024 Central bankers from all over the world descended on the small Wyoming town of Jackson Hole last week for a session of ruminating, speculating and pontificating. Here are the four main takeaways from the annual central banking shindig.
Federal Reserve: September rate cut ‘confirmed’ after latest releases August 22, 2024 A September rate cut looks nailed on after minutes from the US Federal Reserve’s last meeting, released last night, showed many rate-setters had considered a cut in July. Several members at the Fed’s last meeting thought there was a “plausible case” for cutting rates by 25 basis points given the progress on inflation and increases [...]
Fed holds interest rates for eighth straight but signals cuts are coming July 31, 2024 The Fed voted to leave interest rates on hold for the eighth consecutive meeting and did not give any clear sign that rate cuts were on the way.
US inflation comes in below expectations as eyes turn to Fed’s next rate decision July 11, 2024 Economists think the Fed is likely to start cutting interest rates in September.
Fed’s Powell: Commercial property stress may last years July 9, 2024 The weakness in the commercial property sector may last years, Federal Reserve chair Jerome Powell has warned.
Central banks keep markets guessing on path of interest rates July 2, 2024 Investors looking for clear guidance on the path of interest rates received few firm commitments from top central bankers on Tuesday.