SUMMERS: Fed's next rate move COULD BE A HIKE! (Second column, 6th story, link) Related stories:Consumer prices rise 3.5%Long-predicted storm clouds in economy may be formingCredit-Card Delinquency Rates Worst on RecordPrice of Chocolate Boxes Going Up as Cocoa Prices Soar
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.
The consumer-price index, driven by fuel and housing costs, rose 0.4% from February, higher than the 0.3% expectedGlobal financial markets have scaled back expectations for an imminent cut in interest rates on both sides of the Atlantic after figures showed US inflation rose by more than expected in March.Figures from the US Department of Labor show a jump in fuel and housing rental costs drove up the consumer price index (CPI) to 3.5% in March compared with a year earlier, higher than expected...
What Do They Know: Goldman, Amex Quietly Cut Rates On Savings Accounts Is The Fed Next? It is not a secret that the biggest market debate of 2024 is when - and even if - the Fed will cut rates: after all, with the US labor force adding hundreds of thousands of illegal immigrants, and core CPI bubbling along at a blistering hot ~4% pace, many - such as Larry Sanders and even Neel Kashkari - are warning that the Fed does not need to cut rates (in fact, a rate hike may be prudent). On...
Markets will be hoping for stronger evidence that US inflation is falling to target when the latest figures are released on Wednesday.
Inflation and hiring have been firmer than expected this year, weakening
Kristalina Georgieva said the central bank should continue following economic data to determine when it's right to begin lowering.
The Fed is determined not to reduce interest rates too soon, experts say — a mistake the central bank has made in the past.
Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has voiced considerations for elevating interest rates, diverging from market anticipations of rate reductions within the year. Bowman’s concerns primarily […]
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".
Recent rumours have suggested that Reims are now looking for replacements for Will Still amid links to Sunderland. Reports in Europe have suggested that the French top division outfit are preparing for life without the 31-year-old as the summer approaches with Sunderland expected to appoint Michael Beale’s successor during this period. It has been suggested that Reims have identified former Newcastle United midfielder Habib Beye, who currently manages French third-tier Red Star, as a replacement...