Charting the Global Economy: Fed Goes for Big Rate Cut as BOE Holds
The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, ...
Jumbo. This week in central banking
In June, the FOMC only forecast one quarter-point cut by year end. That was blown away just a few months later, and now the ...
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Bank of England freezes rate after jumbo US cut
The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve. Following a regular meeting ...
Next week we get personal income and consumption data, meaning the PCE deflator, too
Trump complains the big rate cut was politically motivated, but nearly all economists can make the case that 50 bp was ...
BoE remains cautious for the near future – Commerzbank
This means that in the upcoming meetings, the Bank of England will continue to take a pause in the cutting cycle from time to time.” “This cautious approach, which is also appropriate given the ...
Diverging Central Bank Strategies: Fed, BoE, and BoJ Face Inflation and Market Risks
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
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Global markets rally after Fed's 50-basis-point rate cut, positive trends continue
Germany’s DAX 40 hit a record high on Thursday, closing at 19,002.38 points, up 1.55%. The CAC 40 gained 2.29%, the FTSE 100 ...
Pound Starts to Look Vulnerable After Hitting Two-Year High
The pound’s peer-beating rally got a fresh spur this week, but strategists from J.P. Morgan Private Bank, State Street Global ...
Sterling feeds on peculiarly high BoE 'terminal rate': Mike Dolan
By Mike Dolan LONDON (Reuters) -Tight monetary policy coupled with a penny-pinching fiscal agenda usually results in currency ...