Top U.S. asset manager Vanguard doesn't expect the Federal Reserve to cut interest rates this year.
Inflation fell sharply last year but progress has stalled in recent months.
The Fed Funds rate remains between 5.25% and 5.5%, matching its highest level since 2001.
Santander’s UK boss has warned that high taxes are making Britain an unattractive place to invest, amid growing pressure on the Chancellor to cut the burden on households and businesses.
Fed officials, who have a dual mandate to maintain price stability and maximum employment, are widely expected to leave rates unchanged at a two-decade high for a fifth month at next week’s meeting
Commodities will advance this year as central banks in the US and Europe move to reduce interest rates, helping to support industrial and consumer demand, according to Goldman Sachs Group Inc.
The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected.
Rates to stay at 25-year high of 5.25% to 5.5% as central bank says ‘inflation has eased over the past year but remains elevated’The Federal Reserve announced on Wednesday that it would leave US interest rates at a 25-year high as it continues to assess their impact on cooling inflation and the wider economy.After a two-day meeting, the Fed announced rates would be unchanged at 5.25% to 5.5%, where they have been since July. But the Fed signaled it still expects to cut rates three times this...
Mr Bailey said he is increasingly confident that inflation is heading towards the Bank’s target in an interview with the Financial Times.
The Federal Reserve left interest rates unchanged at a 23-year high, but it's still penciling in three rate cuts this year.
Clarida said his former colleagues need to be on guard against sticky prices that could thwart plans to ease this year.
"I'm in the camp that the Fed does not change policy in the summer of an election year," the Bianco Research president told CNBC's "Fast Money" on Monday.