Saudi cut, rate hikes & more: Key factors driving crude oil markets next week
1 year, 5 months ago

Saudi cut, rate hikes & more: Key factors driving crude oil markets next week

Live Mint  

Oil prices edged lower in the previous session and posted a weekly decline as traders worried interest rate hikes could sap demand despite signs of tighter supplies including lower US crude stocks. Rate hikes, Saudi Arabia's output cuts, and more: Key factors driving crude oil markets next week: -Market participants and analysts will remain cautious ahead of Saudi Arabia's production cuts of 1 million barrel per day starting from July 1, which was part of a broader output-limiting deal by the Organization of the Petroleum Exporting Countries and its allies, or OPEC+. The Reserve Bank of India in its June 2023 bulletin has revealed that India's domestic crude oil basket, equity prices of oil and gas sector firms and sovereign bond yields witness high volatility during the oil output decisions by OPEC+. Economic indicators such as consumer prices in India and domestic output, along with key financial indicators such as INR, bond yields, and stock prices have shown movements to OPEC+ oil supply decisions, according to RBI.

India Oil Supply Prices Domestic Interest Saudi Rate Rbi Cut Crude Opec Rate Hikes Hikes Factors Driving  supply  oil  saudi  key  prices  interest  opec  hikes  factors  driving  week  domestic  cut  markets  rate  crude

History of this topic

US Federal Reserve lowers interest rates, signals slower cuts for 2025
Trending News
6 days, 9 hours ago

US Federal Reserve lowers interest rates, signals slower cuts for 2025

India TV News  

The Federal Reserve cut its benchmark interest rate by a quarter for the third consecutive time. Future outlook: Moderate reductions expected by 2025 Another quarterly outlook indicated only two rate cuts in 2025, with officials predicting government rates to reach 3.75 per cent-4 per cent by the end of that year. Fed Governor Michelle Bowman warned that inflation would remain …

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year
6 days, 11 hours ago

Hawkish cut for Fed as 'foggy night' lies ahead: America's central bank slashes rates for third time this year

Daily Mail  

America’s central bank last night slashed interest rates for the third time this year but signalled that further cuts in 2025 will be slower than previously thought. The pre-Christmas boost for borrowers in the world’s biggest economy took rates down to a range of 4.25 to 4.5 per cent, a full percentage point lower than where they were in September. …

US Fed lowers benchmark rate to 4.25-4.50% for third straight meeting, eyes two cuts in 2025; 5 key highlights
6 days, 13 hours ago

US Fed lowers benchmark rate to 4.25-4.50% for third straight meeting, eyes two cuts in 2025; 5 key highlights

Live Mint  

The US Federal Reserve announced its eighth and final monetary policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by or a quarter of a percentage point to 4.25-4.50 per cent. US Fed chair Jerome Powell-led rate-setting panel cut the federal funds rate for the third straight meeting after kicking off …

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates
3 weeks ago

Powell says a strong US economy is letting the Fed be ‘cautious’ about cutting interest rates

CNN  

Washington CNN — Federal Reserve Chair Jerome Powell said Wednesday that the US economy’s strength means the central bank can show some restraint with cutting interest rates. “The US economy is in very good shape, and there’s no reason for that not to continue,” Powell said at an event hosted by The New York Times. “At present I lean toward …

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy
Trending News
1 month, 1 week ago

US Fed Chair Jerome Powell says no need to rush rate cuts amid strong economy

Live Mint  

The US Federal Reserve does not need to rush to cut interest rates due to the ongoing economic growth, a solid job market, and inflation that remains above its 2% target, said Fed Chair Jerome Powell. According to Powell, the Fed policymakers believe inflation is progressing toward a “sustainable path to 2%” that will enable the US central bank to …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
1 month, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

Economist reveals how Trump could make the economy worse
1 month, 1 week ago

Economist reveals how Trump could make the economy worse

Daily Mail  

Former Treasury Secretary Larry Summers addresses the New York Economic Club, expressing serious concerns about the Federal Reserve 's approach to inflation. Summers, who has been vocal about inflation risks, warned that the Federal Reserve, under Jerome Powell, is not acting decisively enough to address "overheating risks" in the economy. Summers speculated that a second Trump administration could exacerbate inflation …

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways
1 month, 2 weeks ago

US Fed cuts policy rate by quarter-point to 4.50-4.75% after Donald Trump’s poll victory; 5 key takeaways

Live Mint  

The US Federal Reserve announced its seventh policy decision for 2024 after a two-day Federal Open Market Committee meeting and slashed its benchmark interest rate by a quarter of a percentage point to 4.50-4.75 per cent. US Fed Policy November 2024: Here are 5 key highlights 1.US Fed slashes key rates by 25 bps after Trump's election results The US …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
1 month, 2 weeks ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

Fed cuts interest rates again, but Trump’s victory makes future path a lot more murky
Trending News
1 month, 2 weeks ago

Fed cuts interest rates again, but Trump’s victory makes future path a lot more murky

LA Times  

The Federal Reserve cut interest rates for a second straight time on Thursday in an effort to keep the economy sailing along by easing the high borrowing costs it engineered to fight inflation. Economists see risks on two fronts: If Trump follows through on his campaign promises to lower taxes and levy across-the-board tariffs, he could reignite inflation and force …

US Fed cuts interest rates by quarter of a percentage point
Top News
1 month, 2 weeks ago

US Fed cuts interest rates by quarter of a percentage point

Al Jazeera  

The Fed will have to navigate a changing economic landscape with the election of Donald Trump as the next US president. The United States Federal Reserve has cut interest rates by a quarter of a percentage point as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the central bank’s 2 percent …

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020
3 months ago

Bitcoin surges over 2% as US Fed cuts interest rate by 0.5% in first reduction since 2020

Live Mint  

Bitcoin News: The Federal Reserve has reduced interest rates for the first time since the early days of the COVID-19 pandemic, sending ripples through the cryptocurrency market. Federal Reserve's Rate cut The Federal Reserve, on Wednesday, September 18, announced a 0.5 percentage point reduction in its benchmark interest rate, marking the US central bank's first rate cut in over four …

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 …

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech
4 months ago

US stock market: Wall Street indices tumble ahead of Fed chair's Jackson Hole speech

Firstpost  

All three major US stock indexes lost ground, with technology shares leading the decline. The Dow Jones Industrial Average dropped 0.43 per cent to 40,712, the S&P 500 slipped 0.89 per cent to 5,570, and the Nasdaq Composite fell 1.67 per cent to 17,619. Market mover Nvidia, the biggest drag on the S&P 500, erased early gains and ended the …

'The time has come' to lower interest rates: Fed Chair Jerome Powell
4 months ago

'The time has come' to lower interest rates: Fed Chair Jerome Powell

NPR  

'The time has come' to lower interest rates: Fed Chair Jerome Powell toggle caption Drew Angerer/Getty Images North America Federal Reserve chairman Jerome Powell says he's increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting interest rates next month. Speaking at one of the most closely-watched annual gatherings of global central …

US Fed paves the way for pre-election rate cut
4 months, 3 weeks ago

US Fed paves the way for pre-election rate cut

The Telegraph  

The chairman of the US Federal Reserve has paved the way for a pre-election rate cut in a sign that the era of high borrowing costs around the world is coming to an end. Speaking after the Fed held borrowing costs in a range of between 5.25pc and 5.5pc for the eighth time, Mr Powell said: “The broad sense of …

Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl
6 months, 3 weeks ago

Oil surges ahead of inflation data after lacklustre week; brent crude at $82.88/bbl

Live Mint  

The Brent crude contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while the more active August contract increased by 80 cents to $82.64. {{^adFree}} {{/adFree}} The Brent crude July contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while the more active August contract increased by 80 cents to $82.64. In comparison, WTI …

US Fed meet: Jerome Powell likely to signal a rate cut with one condition
7 months, 3 weeks ago

US Fed meet: Jerome Powell likely to signal a rate cut with one condition

Hindustan Times  

After three straight hotter-than-expected inflation reports, Federal Reserve officials have turned more cautious about the prospect of interest rate cuts this year. The big question, after they end their latest policy meeting Wednesday, will be: Jerome Powell, chairman of the US Federal Reserve has said, if higher inflation does persist, we can maintain the current level of for as long …

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 …

US Federal Reserve holds rates again over ‘elevated’ inflation, sees 3 cuts in 2024
9 months ago

US Federal Reserve holds rates again over ‘elevated’ inflation, sees 3 cuts in 2024

Hindustan Times  

The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth consecutive meeting, while signaling it still expects to make three cuts this year. The Fed's unanimous decision to hold its key lending rate between 5.25 percent and 5.50 percent lets policymakers "carefully assess incoming data, the evolving outlook and the balance of risks," …

US Federal Reserve indicates three interest rate cuts in 2024 | How it impacted the Indian stock market?
9 months ago

US Federal Reserve indicates three interest rate cuts in 2024 | How it impacted the Indian stock market?

India TV News  

Washington: The US Federal Reserve stayed on track for three interest rate cuts this year as chairman Jerome Powell on Wednesday affirmed that solid economic growth will continue despite signs that inflation remained elevated at the start of 2024. The Federal Reserve also left interest rates unchanged and released new quarterly economic projections that showed officials expecting the economy 2.1 …

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says
9 months, 2 weeks ago

Fed Is ‘Not Far’ From Confidence Needed to Cut Rates, Powell Says

Hindustan Times  

-- Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. HT Image “We’re waiting to become more confident that inflation is moving sustainably at 2%,” Powell said Thursday while answering questions from the Senate Banking Committee. Powell repeated his testimony from Wednesday that it would likely be …

US Fed Reserve keeps interest rates unchanged for fourth time in a row
10 months, 3 weeks ago

US Fed Reserve keeps interest rates unchanged for fourth time in a row

Hindustan Times  

The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts -- but probably not before May at the earliest. But it added that the rate-setting Federal Open Market Committee is unlikely to start cutting interest rates "until it has gained greater confidence that inflation is moving …

Fed rate cut: This week’s decision could be the prelude to March move
10 months, 3 weeks ago

Fed rate cut: This week’s decision could be the prelude to March move

Live Mint  

Federal Reserve policymakers may finally be right on the verge of cutting interest rates. Going into this week’s two-day policy meeting, which wraps Wednesday afternoon in Washington, investors are assigning roughly even odds to the prospect that the US central bank will start lowering borrowing costs at its next decision in March. The Fed’s preferred gauge decelerated to 2.9% in …

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank
11 months ago

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. was that it was premature to discuss rate cuts.” Financial markets have been expecting a cut as early …

US Federal Reserve keeps key interest rate unchanged for third straight time
1 year ago

US Federal Reserve keeps key interest rate unchanged for third straight time

Hindustan Times  

U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability after the U.S. central bank's new rate projections signaled the end of its tightening campaign. "The policy statement was relatively little changed from the last two renditions, but the subtle edits carry significant weight," Tom Simons, U.S. economist …

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year
1 year ago

Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year

Associated Press  

WASHINGTON — The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year. “Inflation keeps coming down, the labor market keeps getting back into balance and, it’s so far, so good,” Powell said after the Fed’s 19-member policy …

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 …

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 …

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 …

Fed Chair Powell hints that soaring bond yields could mean end of rate hikes
1 year, 2 months ago

Fed Chair Powell hints that soaring bond yields could mean end of rate hikes

CNN  

Washington, DC CNN — Federal Reserve Chair Jerome Powell said Thursday that soaring bond yields could help the Fed slow the economy, further cooling inflation and the possibly signaling the end of rate hikes. The job market, economic growth and consumer spending have all held steady despite the Fed’s 11 rate hikes, and the war between Israel and Hamas could …

ETF Delay, Interest Rate Hike, More: Factors Affecting Current Crypto Prices
1 year, 2 months ago

ETF Delay, Interest Rate Hike, More: Factors Affecting Current Crypto Prices

ABP News  

While 2022 was a challenging year for the entire cryptocurrency market, the dawn of 2023 brought a glimmer of hope as most cryptocurrencies began to rebound from the losses incurred in the preceding year. This strengthening of the dollar typically signals a robust domestic economy and can be driven by multiple factors, including higher interest rates, increased investor confidence in …

Oil ticks higher after Russia fuel export ban; Brent at $93/bbl
1 year, 3 months ago

Oil ticks higher after Russia fuel export ban; Brent at $93/bbl

Live Mint  

Oil prices ticked slightly higher in choppy trading on Thursday, September 21, rising as much as $1 per barrel after a Russian ban on fuel exports snapped focus away from Western economic headwinds that had dropped prices $1 per barrel early in the session. Back home, on the Multi Commodity Exchange, crude oil futures due for a October 19 expiry, …

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 …

The Federal Reserve holds interest rates steady but hints at more action this year
1 year, 3 months ago

The Federal Reserve holds interest rates steady but hints at more action this year

NPR  

The Federal Reserve holds interest rates steady but hints at more action this year Enlarge this image toggle caption Saul Loeb/AFP via Getty Images Saul Loeb/AFP via Getty Images The Federal Reserve left interest rates unchanged Wednesday, but signaled that it's open to an additional rate hike, if necessary, to combat stubborn inflation. Sponsor Message Economic projections released Wednesday show …

Stock market today: Asian markets are mostly lower as oil prices push higher
1 year, 3 months ago

Stock market today: Asian markets are mostly lower as oil prices push higher

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Crude oil prices pushed higher, …

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 …

US interest rates to stay higher for longer, warns Fed
1 year, 4 months ago

US interest rates to stay higher for longer, warns Fed

The Telegraph  

Interest rates in the US are to stay higher for longer as the chairman of the Federal Reserve warned he is prepared to go further in the battle to tame inflation. Jerome Powell told the central banking symposium at Jackson Hole in Wyoming that he wants to keep borrowing costs “restrictive” until inflation is definitely back under control. “We are …

US Federal Reserve interest rates hit 20-yr high in battle against inflation surge. Is there a 'soft' landing in future?
1 year, 4 months ago

US Federal Reserve interest rates hit 20-yr high in battle against inflation surge. Is there a 'soft' landing in future?

Hindustan Times  

The US Federal Reserve made a significant move on Wednesday, raising its benchmark lending rate by a quarter percentage point to a range between 5.25% and 5.5%. Jerome Powell, chairman of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington, DC. In June, the median forecast hinted at two additional rate …

Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move
1 year, 4 months ago

Federal Reserve raises rates for 11th time to fight inflation but gives no clear sign of next move

Associated Press  

WASHINGTON — The Federal Reserve raised its key interest rate Wednesday for the 11th time in 17 months as part of its ongoing drive to curb inflation. This time, though, Powell said the Fed’s policymakers may or may not raise rates again at their next meeting in September. They know inflation moves in fits and starts.” Powell acknowledged that the …

Three takeaways from Fed Chair Powell following July hike decision
1 year, 4 months ago

Three takeaways from Fed Chair Powell following July hike decision

CNN  

New York CNN — Roughly every six weeks Federal Reserve Chair Jerome Powell delivers a report card that rates the economy’s future performance. A recession isn’t in the cards for now Powell still believes the Fed can achieve what’s known as a “soft landing.” He said on Wednesday, “given the resilience of the economy recently are no longer forecasting a …

After brief pause, Federal Reserve looks poised to raise interest rates again
1 year, 5 months ago

After brief pause, Federal Reserve looks poised to raise interest rates again

CBS News  

Fed chair expects more rate hikes Fed chair expects more rate hikes amid inflation fight 04:07 The Federal Reserve appears likely to raise its key interest rate next week, with minutes from the central bank's most recent meeting showing some officials wanted to raise rates last month. While the Fed's rate-setting body ultimately skipped hiking rates in June, minutes of …

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 …

Forget US Fed rate cut, there may be two hikes; should you change your strategy?
1 year, 6 months ago

Forget US Fed rate cut, there may be two hikes; should you change your strategy?

Live Mint  

The US Fed skipped hiking interest rates on June 14 on expected lines but its hawkish tone appears to have dented market sentiment. However, Federal Reserve Chairman Jerome Powell said the central bank thinks some further rate increases will be appropriate this year to bring inflation down to two per cent. "Looking ahead, nearly all committee participants view it as …

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 …

US Federal Reserve Keeps Interest Rate Unchanged after 10 Straight Hikes
1 year, 6 months ago

US Federal Reserve Keeps Interest Rate Unchanged after 10 Straight Hikes

News 18  

The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. The Fed’s move to leave its benchmark rate at about 5.1%, its highest level in 16 years, suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation. One reason why the …

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