A bank employee counts pound notes at Kasikornbank in Bangkok, Thailand, October 12, 2010. REUTERS/Sukree Sukplang/File Photo Acquire Licensing RightsLONDON,...
Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...
LONDON, Sept 20 (Reuters) - An eerie calm in U.S. Treasuries seems at odds with uncertainty about the end of the harshest tightening cycles in decades - but it's a lifebuoy for wider markets fearful of draining liquidity.Even though 10-year Treasury yields are clocking 15-year highs, visibility on medium-term growth, inflation, oil prices and government debt is foggy and the Federal Reserve remains coy about the precise end of its 18-month rate squeeze - bond market volatility has plummeted over the past month.The closely watched MOVE index (.MOVE) of implied...
U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTOKYO, Sept 20...