The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s […]
Federal Reserve Chair Jerome Powell cautioned 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
US central banker says ‘recent data have clearly not given us greater confidence’ that inflation coming fully under controlThe Federal Reserve chair, Jerome Powell, cautioned on Tuesday that persistently elevated inflation will probably delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.“Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to take...
Federal Reserve Chair Jerome Powell cautioned 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. “Recent data have clearly not given us greater confidence” that inflation is coming fully under control and "instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a panel discussion. “If higher inflation does persist,” he said, “we can...
Inflation and hiring have been firmer than expected this year, weakening
State Street chief investment officer Lori Heinel believes a rate cut in June is "likely."
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Federal Reserve policymakers have been obsessed with when they may safely lower interest rates to avoid a recession without impeding the path to 2% inflation.
Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady […]
Mortgage interest rates have fallen across a range of products in recent weeks
CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.