Hike again? Take a pause? Fed officials are split about what to do next to fight inflation
1 year, 7 months ago

Hike again? Take a pause? Fed officials are split about what to do next to fight inflation

Associated Press  

WASHINGTON — The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes beginning in March 2022. “As of today, though, we aren’t there yet.” On inflation, she said, “We haven’t made the progress we need to make.” No Fed officials have yet gone so far as to suggest that the Fed will likely cut rates this year. “We haven’t gotten to the hard part yet,” Bostic said, speaking at a conference A day earlier, Bostic told CNBC that “inflation is not going to come down very quickly” and that “if there’s going to be a bias toward action, for me it would be a bias to increase a little further as opposed to a cut.” In April, inflation slipped to 4.9% compared with a year earlier from 5% in March — the 10th straight such decline and sharply down from a peak of 9.1% last June. Austan Goolsbee, president of the Chicago Fed, held out hope Tuesday that the central bank could achieve what some analysts have called “immaculate disinflation.” Under this scenario, the Fed’s existing rate hikes would continue to slow inflation without an accompanying rise in unemployment or a recession.

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History of this topic

US Fed cuts interest rates but cautions for year ahead
Trending News
1 week ago

US Fed cuts interest rates but cautions for year ahead

Al Jazeera  

Slower progress on inflation translates into a slower pace of rate cuts, especially as economic growth is brisk. “Economic activity has continued to expand at a solid pace” with an unemployment rate that “remains low” and inflation that “remains somewhat elevated”, the central bank’s rate-setting Federal Open Market Committee said in its latest policy statement on Wednesday. That is half …

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated
1 week, 1 day ago

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Associated Press  

WASHINGTON — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected. Instead, inflation has become stuck at a higher level, yet the Fed after Wednesday’s meeting will likely have lowered its …

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts
1 week, 3 days ago

US Fed to play ‘cut-and-pause’ for meeting dual mandate of growth & inflation; Fewer rate cuts eyed in 2025: Experts

Live Mint  

The US Federal Reserve will begin its deliberations for the latest monetary policy decisions on Tuesday, December 17, and will announce its new benchmark interest rate decision on December 18. The US central bank will conduct its two-day Federal Open Market Committee meeting amid Wall Street bets that will likely stay on course towards delivering another rate cut even after …

Fed seen poised to cut rates this month, debate 2025 pause
2 weeks, 4 days ago

Fed seen poised to cut rates this month, debate 2025 pause

Live Mint  

* US job growth rebounds in November after October slowdown * Traders lift bets on Fed rate cut this month to 85% * Bowman, who dissented on September rate cut, urges caution * Hammack says it may be time to pause By Howard Schneider and Ann Saphir CHICAGO/PALO ALTO, California, Dec 6 - Federal Reserve officials appear on track to …

U.S. Fed officials see inflation fight as broadly on track
3 weeks ago

U.S. Fed officials see inflation fight as broadly on track

Raw Story  

The U.S. appears on track to hit its long-term target of two percent inflation despite a recent uptick, three Federal Reserve officials said Monday, with one indicating tentative support for another rate cut this month. "At present I lean toward supporting a cut to the policy rate at our December meeting," he said, noting that many people still expected inflation …

A top Fed official leans toward December rate cut but says it depends on economic data
3 weeks, 1 day ago

A top Fed official leans toward December rate cut but says it depends on economic data

Associated Press  

WASHINGTON — A top Federal Reserve official said Monday that he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view. But he noted that there’s a risk that inflation “may be getting stuck above” the Fed’s 2% target, which …

Fed’s Waller says inclined at this point to cut rates in December
Trending News
3 weeks, 1 day ago

Fed’s Waller says inclined at this point to cut rates in December

Live Mint  

By Howard Schneider WASHINGTON, Dec 2 - Federal Reserve Governor Christopher Waller said on Monday he was inclined to cut the benchmark interest rate at the Dec. 17-18 meeting as monetary policy remained restrictive enough to keep putting downward pressure on inflation, while the labor market was roughly in balance, something the Fed wants to maintain. "Policy is still restrictive …

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation
4 weeks ago

Federal Reserve officials signal cautious path for rate cuts amid still-high inflation

Associated Press  

WASHINGTON — With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed’s 2% target, officials said, “it would likely be appropriate to move gradually” in lowering rates, according to minutes of the November 6-7 meeting. Yet …

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
1 month, 1 week ago

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Associated Press  

WASHINGTON — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. In his remarks Thursday, Powell suggested that inflation may remain stuck somewhat above the Fed’s …

Federal Reserve Chief Powell: 'The Time Has Come' To Start Cutting Interest Rates
4 months ago

Federal Reserve Chief Powell: 'The Time Has Come' To Start Cutting Interest Rates

Huff Post  

LOADING ERROR LOADING JACKSON HOLE, Wyoming — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday. “The time has come for policy to adjust,” Powell said in his keynote speech at the Fed’s annual economic conference in Jackson …

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings
4 months, 3 weeks ago

Buckle up: Wall Street’s shaky July could be a preview for more sharp swings

Associated Press  

NEW YORK — For more than a year, the U.S. stock market went in mostly one direction, up, and in mostly one manner, quietly. A bonanza around artificial-intelligence technology helped drive Big Tech stocks higher, while other areas of the market held up amid rising hopes for coming cuts to interest rates by the Federal Reserve. A measure of fear …

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
5 months, 3 weeks ago

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Associated Press  

WASHINGTON — Federal Reserve officials at their most recent meeting welcomed signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. Rate cuts by the Fed would likely lead, over time, to lower borrowing costs for mortgages, auto loans and credit cards as well as business borrowing, and could also …

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts
5 months, 3 weeks ago

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

LA Times  

A May news conference with Federal Reserve Chair Jerome Powell appears on a monitor on the floor at the New York Stock Exchange. Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling. The minutes of the Fed’s June 11-12 …

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates
5 months, 3 weeks ago

Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

Associated Press  

WASHINGTON — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start of 2024, Powell said, the data for April and May “do suggest …

US Fed holds interest rates and pencils at just one cut this year
6 months, 1 week ago

US Fed holds interest rates and pencils at just one cut this year

Hindustan Times  

The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter. Kevin Dietsch/Getty Images/AFP The Fed voted unanimously to keep its benchmark interest rate between 5.25 and 5.50 percent, and said that "modest" progress had been …

Federal Reserve sees some progress on inflation but envisions just one rate cut this year
6 months, 1 week ago

Federal Reserve sees some progress on inflation but envisions just one rate cut this year

Associated Press  

WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having cooled in the past two months, …

Inflation eases in May, but major relief on interest rates not coming soon
6 months, 1 week ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
6 months, 3 weeks ago

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Associated Press  

WASHINGTON — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation. But with inflation remaining stubbornly above the Fed’s target level, Wall Street traders now expect just one rate …

Federal Reserve minutes: Policymakers saw a longer path to rate cuts
7 months ago

Federal Reserve minutes: Policymakers saw a longer path to rate cuts

Associated Press  

WASHINGTON — After several unexpectedly high inflation readings, Federal Reserve officials concluded at a meeting earlier this month that it would take longer than they previously thought for inflation to cool enough to justify reducing their key interest rate, now at a 23-year high. But at a news conference just after the meeting, Chair Jerome Powell said it was “unlikely” …

The Fed Thinks Time is on Its Side. That Could Get Awkward.
7 months, 3 weeks ago

The Fed Thinks Time is on Its Side. That Could Get Awkward.

Politico  

That combination of factors could stick around well into 2024, steadily pushing back the timeline for the first rate cut and prolonging the threat that the high price of debt will break something. Former President Donald Trump, who appointed Powell as chair, has already said the central bank chief will lower rates this year to “help Democrats” and will surely …

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High
7 months, 3 weeks ago

Key Takeaways From Fed Decision to Hold Rate at Two-Decade High

Bloomberg  

Here are key takeaways from the Federal Reserve's interest-rate decision on Wednesday: Federal Open Market Committee votes unanimously to leave benchmark rate unchanged in target range of 5.25%-5.5%, a two-decade high, for sixth straight meeting; adds new sentence to statement noting, “In recent months, there has been a lack of further progress toward the Committee's 2% inflation objective” Statement repeats …

Fed’s Powell: Elevated inflation will likely delay rate cuts this year
8 months, 1 week ago

Fed’s Powell: Elevated inflation will likely delay rate cuts this year

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Powell’s comments make it clear the Fed is now looking past June,” when many economists had previously expected rate cuts to begin, Krishna Guha, an analyst …

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
8 months, 3 weeks ago

Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings’’ and is more confident that annual price increases are falling toward its 2% target. Speaking at a conference …

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
9 months ago

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts

Associated Press  

WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Excluding volatile food and energy costs, so-called “core” prices rose at a monthly pace of 0.4% in both January and February, a pace far higher than is consistent with …

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March
9 months, 1 week ago

US inflation unexpectedly rises to 3.2%, dampening hopes of Fed's interest rate cuts in March

Hindustan Times  

US consumer prices witnessed a surge in monthly and annual rates in February, as per the inflation figures issued by the Labour Department on Tuesday. The consumer price index, a frequently followed inflation indicator, climbed 3.2 percent annually in February and 0.4 percent last month alone. Since March 2022, the Fed has progressively raised interest rates through periodic adjustments, bringing …

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months
10 months ago

Federal Reserve minutes: Officials worried that progress on inflation could stall in coming months

Associated Press  

WASHINGTON — Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. In minutes from the Jan. 30-31 meeting released Wednesday, most Fed officials also said they were worried about moving too fast to cut their benchmark interest rate before it was clear that inflation was sustainably returning to …

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says
10 months, 2 weeks ago

Fed on track to cut rates this year with inflation slowing and the economy healthy, Powell says

Associated Press  

WASHINGTON — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as early as May. “I do think the economy is in a good place,” he said, “and there’s every reason to think it can get better.” Powell’s …

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts
10 months, 3 weeks ago

Inflation has slowed. Now the Federal Reserve faces expectations for rate cuts

Associated Press  

WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. The Fed’s consideration of rate cuts is …

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts
11 months, 3 weeks ago

Federal Reserve minutes: Officials saw inflation cooling but were cautious about timing of rate cuts

Associated Press  

WASHINGTON — The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling. According to the minutes of their Dec. 12-13 meeting released Wednesday, Fed officials indicated in their own interest-rate forecasts that a lower benchmark rate “would be appropriate by the end of 2024'’ given “clear progress’’ toward taming inflation. And …

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts
1 year ago

Fed’s Powell notes inflation is easing but downplays discussion of interest rate cuts

Associated Press  

WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Nor is it time to “speculate on when policy might ease,” Powell said, referring to the possibility of cuts in the Fed’s benchmark interest rate, which affects many consumer and business …

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress
1 year, 1 month ago

Federal Reserve minutes: Officials saw inflation slowing but will monitor data to ensure progress

Associated Press  

WASHINGTON — Federal Reserve officials concluded earlier this month that inflation was steadily falling and agreed to closely monitor incoming data to ensure that the pace of price increases would continue slowing toward their 2% target, according to the minutes of their meeting released Tuesday. The officials agreed at the Oct. 31-Nov. 1 meeting that they would raise their key …

Powell reinforces Fed’s cautious approach toward further interest rate hikes
1 year, 1 month ago

Powell reinforces Fed’s cautious approach toward further interest rate hikes

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell suggested Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. “We are not confident,” Powell said, that the Fed’s benchmark rate is high enough to steadily reduce inflation to 2%. Last week, at a …

US Federal Reserve holds interest rates at 22-year high
1 year, 1 month ago

US Federal Reserve holds interest rates at 22-year high

Hindustan Times  

The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for a second straight meeting, as it moves to slow stubborn inflation without damaging the strong economy. The Fed's decision to keep its benchmark lending rate between 5.25 percent and 5.50 percent gives policymakers time to "assess additional information and its implications for monetary policy," the …

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
1 year, 1 month ago

Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike

Associated Press  

WASHINGTON — The Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should accelerate in the months ahead. The central bank’s latest statement noted that the economy “expanded at a strong pace” in the July-September quarter and that job gains “remain strong.” …

Slower economic growth, rate hikes needed to bring inflation under 2%: Powell
1 year, 2 months ago

Slower economic growth, rate hikes needed to bring inflation under 2%: Powell

Live Mint  

Federal Reserve Chair Jerome Powell said on Thursday, October 19, that inflation in the US remains too high and bringing it down to the Fed's 2 per cent target level will likely require a slower-growing economy and job market. More rate hikes to battle high inflation Powell underscored lingering theme at the US central bank and explained that despite a …

Why the US job market has defied rising interest rates and expectations of high unemployment
1 year, 2 months ago

Why the US job market has defied rising interest rates and expectations of high unemployment

Associated Press  

WASHINGTON — Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households. Grim forecasts from economists had predicted that as the Federal Reserve jacked up its benchmark rate ever higher, consumers and businesses would curb spending, companies would slash jobs and unemployment would spike as high as 7% or more — twice …

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’
1 year, 3 months ago

Fed keeps rates unchanged and signals optimism about a potential ‘soft landing’

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. The Fed’s policymakers also signaled that they expect to raise rates once more this year and envision their key rate staying higher in 2024 than …

Fed leaves rates unchanged but hints at future hike
1 year, 3 months ago

Fed leaves rates unchanged but hints at future hike

The Telegraph  

The Federal Reserve has refrained from raising interest rates further from a 22-year-high, as it nears the end of its most aggressive inflation fight in decades. The decision will keep its benchmark rate at a target range of 5.25pc to 5.50pc, but Chair Jerome Powell warned it was too early to say the battle against inflation was won. He told …

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation
1 year, 3 months ago

Fed keeps rates unchanged but signals likelihood of another hike this year to fight inflation

LA Times  

Inflation is still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in 40 years. Yet it’s still well above the Fed’s 2% target, and its policymakers made clear Wednesday that they aren’t close to declaring victory over the worst bout of inflation in …

US Fed leaves interest rates unchanged, signals another hike
1 year, 3 months ago

US Fed leaves interest rates unchanged, signals another hike

Al Jazeera  

The US Fed expects interest rates to fall only half a percentage point in 2024, lower than market expectations. As they did in June, Fed policymakers at the median still see the central bank’s benchmark overnight interest rate peaking this year in the 5.5 percent to 5.75 percent range, just a quarter of a percentage point above the current range. …

Europe’s central bank hikes key interest rate to record high even as recession threat grows
1 year, 3 months ago

Europe’s central bank hikes key interest rate to record high even as recession threat grows

Associated Press  

FRANKFURT, Germany — The European Central Bank hiked its key interest rate to a record high Thursday, pressing its fight against stubbornly high inflation that has been plaguing consumers — even as worries grow that higher borrowing costs could help push the economy into recession. The increase of a quarter-percentage point comes as central banks around the world, including the …

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole
1 year, 4 months ago

Economy’s solid growth could require more Fed hikes to fight inflation, Powell says at Jackson Hole

Associated Press  

JACKSON HOLE, Wyoming — The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain nature of the economic outlook. “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are …

Economy’s solid growth could require more Fed hikes to fight inflation, says Fed’s Jerome Powell
1 year, 4 months ago

Economy’s solid growth could require more Fed hikes to fight inflation, says Fed’s Jerome Powell

LA Times  

Federal Reserve Chairman Jerome Powell noted that the economy has been growing faster than expected and that consumers have kept spending briskly — trends that could keep inflation pressures high. The continued strength of the U.S. economy could require further interest rate increases, Federal Reserve Chair Jerome Powell said Friday in a closely watched speech that also highlighted the uncertain …

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
1 year, 4 months ago

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes

Associated Press  

WASHINGTON — Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday. At the same time, the officials saw “a number of tentative signs that inflation pressures could be abating.” It was a mixed view that echoed Chair …

The Fed has paused before. Here’s what happened next
1 year, 5 months ago

The Fed has paused before. Here’s what happened next

CNN  

New York CNN — The Federal Reserve is at a crucial fork in the road after leaving interest rates unchanged at its June meeting for the first time since March 2022. “We told the public that we paused to assess incoming data, and I think it requires more than one meeting’s worth of data to assess that,” Michael Moskow, the …

The Fed is debating getting rate hikes out of the way sooner
1 year, 5 months ago

The Fed is debating getting rate hikes out of the way sooner

CNN  

Washington, DC CNN — Some Federal Reserve officials are already advocating for two consecutive rate hikes starting this month to ensure inflation’s defeat, but will their sway hold amid a shakeup at the Fed committee that decides interest rates? Fed Chair Powell has said the Fed still has more work to do, and he himself hasn’t ruled out back-to-back rate …

US Fed: More rate hikes are likely this year to fight inflation
1 year, 6 months ago

US Fed: More rate hikes are likely this year to fight inflation

Al Jazeera  

‘Process of getting inflation back down to 2% has a long way to go,’ central bank chief Powell tells a congressional committee. Even with more increases expected, the Fed last week kept interest rates unchanged after 10 straight hikes so it could take time to gauge how higher borrowing rates have affected the economy, Powell said. Asked on Wednesday to …

Fed’s Powell: More rate hikes are likely this year to fight still-high inflation
1 year, 6 months ago

Fed’s Powell: More rate hikes are likely this year to fight still-high inflation

Associated Press  

WASHINGTON — With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chair Jerome Powell told a House committee Wednesday. Even so, the Fed last week kept interest rates unchanged after 10 straight hikes so it could take time to gauge how higher borrowing rates have affected the economy, Powell …

The five factors that will determine when the interest rate pain for households will end
1 year, 6 months ago

The five factors that will determine when the interest rate pain for households will end

ABC  

At some point the Reserve Bank will stop lifting interest rates and begin easing its monetary policy. Rising wage increases and higher productivity The size of our pay packets is crucial to the Reserve Bank's thinking on the direction of interest rates. The RBA's view is that wages growth — which is currently just under 4 per cent — is …

European Central Bank hikes rates again and vows more after US Fed hits pause
1 year, 6 months ago

European Central Bank hikes rates again and vows more after US Fed hits pause

Associated Press  

FRANKFURT, Germany — The European Central Bank pressed ahead with another interest rate hike Thursday and made clear more are on the way, aiming to crush inflation that is driving up the cost of groceries even after the U.S. Federal Reserve took a break from its own string of increases. Central banks in Australia and Canada resumed rate increases last …

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