UK inflation ‘unavoidable’ but Bank of England should revamp forecasting model, says Bernanke
Ben Bernanke said Bank of England should investigate forecast errors. (Andrew Harnik, Associated Press)The double digit record high inflation that...
archiveUS Federal Reserve
European stock markets rise to record highs amid hopes for interest rate cuts
The FTSE was higher on Wednesday morning. Last night, chairman Jerome Powell said he did not expect interest rates to...
‘Unless significant breakdown in US economy, 75 bps fed funds rate cut seems improbable in 2024’
"The current market sentiment indicates an expectation of less than two rate cuts by US Federal Reserve," Arindam Mandal, the...
UK lifts rate cut hopes in 2024 on softer March inflation, US steps behind after Powell signals delay
United Kingdom (UK) has paved way for the Bank of England (BoE) to start interest rate cuts in 2024 after...
Bank of England’s Greene cautions against early interest rate cuts in UK
Bank of England policy maker Megan Greene said interest rate cuts “should still be a way off” in the UK, helping to fuel a shift in markets away from anticipating a sharp drop in borrowing costs.The remarks in the Financial Times signal that Greene is tilted toward the hawkish side of the BOE’s nine-member Monetary Policy Committee. She warned that Britain can’t yet declare victory in reining in inflation even though those forces have receded in recent months.“The risk of inflation persistence is diminishing as these indicators come down in...
US Fed Meet Live Updates: Powell-led FOMC likely to hold key rates steady for 4th straight meeting
31 Jan 2024, 10:45 PM IST US Fed Meet Live: Energy shares drag FTSE 100 lower; Fed decision in focus...
US Fed outcome today: Rate cut could begin after March, experts suggest focus on fundamentals, ignore Fed frenzy
The two-day policy meeting of the US Federal Reserve will conclude on Wednesday, January 31. While the market has discounted...
Chinese yuan gives US dollar a run for its money as African trade embraces other currencies
But it was in the southern nation of Zambia where BOC established its first African subsidiary, allowing customers to make...
China hit with US$3.4 billion equities outflow as wary investors eye other emerging markets
Foreign investors continued to pull out from China’s capital markets, jettisoning a bundle of stocks and bonds worth US$3.2 billion...
US Dollar begins 2024 with best day since March on Fed doubt
The US dollar kicked off the new year with its biggest daily jump since March as traders pared back bets...
