Tag: Central Bank

Fed’s Beige Book finds steady growth but little progress on inflation – MarketWatch

The U.S. economy grew slightly faster in the early spring and businesses added more workers, a Federal Reserve survey found, but there was little progress in…
— Read on www.marketwatch.com/story/feds-beige-book-finds-steady-economic-growth-but-little-progress-in-reducing-inflation-8cd1e19e

Why Is US Inflation Still High? Blame Powell Pivot, Housing Shortage – Bloomberg

This was supposed to be the year that US inflation rode the last mile down to 2%, letting the Federal Reserve steadily reduce interest rates from a two-decade high. Now those expectations have been dashed.
— Read on www.bloomberg.com/news/articles/2024-04-17/inflation-s-stubborn-start-to-2024-blamed-partly-on-powell-pivot

Fed’s Loretta Mester Expects Inflation to Fall Further – Bloomberg

Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.
— Read on www.bloomberg.com/news/articles/2024-04-17/mester-says-fed-can-hold-rates-steady-not-in-a-hurry-to-cut

Wall Street pushes out rate-cut expectations, sees risk of no action until 2025

Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.
— Read on www.cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html

Tiff Macklem acknowledges the Bank of Canada is losing money for first time | Financial Post

Tiff Macklem acknowledges the Bank of Canada is losing money for first time | Financial Post
— Read on financialpost.com/news/economy/bank-of-canada-losing-money-for-first-time/wcm/7f59995a-3115-45f6-91ef-ea5b7feb8c71/amp/

China economy: Central bank tries to slow weakening yuan vs US dollar

The Chinese yuan traded a touch stronger against the U.S. dollar Tuesday, reversing a sharp weakening trend after the PBOC signaled support for its currency.
— Read on www.cnbc.com/2022/04/27/china-economy-central-bank-tries-to-slow-weakening-yuan-vs-us-dollar.html

IMF sees potential for further market turbulence as central banks hike rates

The International Monetary Fund has warned markets’ tumultuous sell off could continue further into 2022.
— Read on www.cnbc.com/2022/01/27/imf-sees-potential-for-further-market-turbulence-as-central-banks-hike-rates.html

China’s Central Bank Vows Greater Support for Real Economy

(Bloomberg) — Most Read from BloombergLarry Summers Predicts the Future, and It Doesn’t Look GoodSingapore’s Travelers Face Omicron ChaosUnited and Delta Cancel Hundreds of Christmas FlightsSingapore Is No Place to Spend QuarantineHundreds of Flights Canceled; U.K. Cases at Record: Virus UpdateChina’s central bank pledged greater support for the real economy, and said it will make monetary policy more forward-looking and targeted.There will be more “proactive” use of monetary policy tools, the
— Read on ca.finance.yahoo.com/news/china-central-bank-vows-greater-113702049.html

Central Banks Bet Economies Tolerate Omicron, Not Inflation

(Bloomberg) — Leading central banks made a big call this week, deciding that the coronavirus is no longer calling the shots in their economies, and inflation is now the bigger threat. Most Read from BloombergAcross the U.S., School Shooting Threats on TikTok Prompt Closures and More PoliceDemocrats Drop Year-End Push on Biden Economic Plan Amid DiscordMelania Trump Is Releasing an NFT That Will Cost 1 SOL EachChinese Spies Accused of Using Huawei in Secret Australia Telecom HackNYC Sees Offices
— Read on ca.finance.yahoo.com/news/central-banks-bet-economies-tolerate-223000735.html