Category: rate
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Weekend – Bank of America forecast no US recession, Fed rate cuts in September & December
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Bank of America CEO Brian Moynihan spoke about American TV Over the weekend. He warned the Federal Open Market Committee (FOMC): The Fed is in a position where it has to be careful not to slow down too much. He was referring to the planting of spending among consumers: Well,…
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CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
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(Bloomberg) — U.S. inflation is likely to rise modestly in July, but not enough to deter the Federal Reserve from a widely expected interest-rate cut next month. Most Read from Bloomberg The consumer price index on Wednesday is expected to rise 0.2% from June for both the headline number and…
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Small US Inflation Pickup Won’t Derail a Fed Rate Cut in September
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روابط مسار الفتات الخبز PMN الأعمال من المحتمل أن يرتفع معدل التضخم في الولايات المتحدة بشكل متواضع في يوليو/تموز، ولكن ليس بالقدر الكافي لعرقلة بنك الاحتياطي الفيدرالي عن خفض أسعار الفائدة المتوقع على نطاق واسع الشهر المقبل. مؤلف المقال : بلومبرج نيوز مولي سميث وكريج ستيرلنغ نُشرت في 10 أغسطس…
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Fed’s Bowman: Cautious on rate cuts, eyes upside inflation risks
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“I am not confident that inflation will come down in the same way it did in the second half of last year.” Inflation remains ‘uncomfortably above’ 2% target Labor market shows signs of slowing, but uncertainty remains Inflationary risks remain, including housing and geopolitical factors. Calls for patience in making…
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Fed official says no rate cuts yet, inflation still above target
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Kansas City Federal Reserve President Jeffrey Schmid indicated he is not prepared to support cutting interest rates as inflation rises above target and the labor market remains healthy despite some slowdown. Speaking to the Kansas Bankers Association, Schmid said the recent decline in inflation was “encouraging” and that further reports…
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PBOC is expected to set the USD/CNY reference rate at 7.1690 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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UK salary growth slows, paving the way for potential interest rate cuts
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UK wage growth slowed last month while demand for workers remained flat, paving the way for further interest rate cuts by the Bank of England. Research from KPMG and the Recruitment and Employment Confederation (REC) reveals that the rate of pay growth for both permanent and part-time employees slowed in…
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BOJ Summary – one monetary policy board member suggested the neutral rate is at least 1%
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Summary of the Bank of Japan’s views at the monetary policy meeting on July 30-31 Many members see economic activity and prices developing in line with the BOJ’s expectations. Some see scope for raising “very low” interest rates, pointing to negative real interest rates at 25-year lows. Opinions divided on…
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Election and rate cut points to UK home sales pickup, RICS says By Reuters
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LONDON (Reuters) – Britain’s housing market looks set for a sales recovery in the coming months after the Bank of England cut interest rates and the new government shifted its focus to the sector, a survey showed on Thursday. The Royal Institution of Chartered Surveyors said its gauge of expected…
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Dollar edges higher,yen falls after BOJ rules out another rate hike, for now By Investing.com
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Investing.com – The U.S. dollar rose slightly on Wednesday, while the Japanese yen fell after the Bank of Japan tried to calm troubled waters by signaling it would not raise interest rates again while markets remain volatile. At 04:25 ET (09:25 GMT), the dollar index, which tracks the greenback against…
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Stocks Rally, Yen Drops as BOJ Eases Rate Worries: Markets Wrap
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(Bloomberg) — Stocks rose after the Bank of Japan moved to reassure markets following historic volatility sparked in part by an unexpected interest-rate hike last week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.5%, with progress slowed by disappointing earnings reports from some of the region’s biggest…
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Asia FX muted as dollar steadies; yen tumbles as BOJ downplays rate hikes By Investing.com
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Most Asian currencies fell on Wednesday as the dollar regained more ground after recent declines, while the yen fell sharply after Bank of Japan officials downplayed expectations of a rate hike. Sentiment towards regional markets remained fragile, especially after concerns about a recession in the United States caused risk-oriented assets…
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Asia stocks extend gains, yen retreats after BOJ talks down rate hikes By Reuters
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By Wayne Cole and Stella Chiu SYDNEY (Reuters) – Asian stock markets extended gains on Wednesday, led by a rebound in the U.S. dollar after the Bank of Japan unexpectedly signaled it was unwilling to raise interest rates again amid volatile markets, sending the yen sharply lower. The Nikkei rose…
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Reprieve for borrowers as CBK lowers key rate for the first time in 4 years
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For the first time in four years, Kenya’s central bank has cut its lending rate, giving borrowers relief from loan servicing costs after years of rising rates in a bid to contain inflation and a weak shilling. China’s central bank on Tuesday cut its key interest rate by 25 basis…
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RBA leaves cash rate unchanged at 4.35%, as expected
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Previous 4.35% Inflation remains above target and proves persistent The outlook remains highly uncertain. The process of returning inflation to target has been slow and turbulent. High unit labor costs and persistent inflation point to higher price risks. Wage growth appears to have peaked but is still above the level…
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Stocks shaken by US recession fears, bonds price for rate cuts By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asia’s main stock indexes fell on Monday as growing fears that the United States could be headed for recession sparked a mass risk aversion and expectations that interest rates will have to be cut sharply and quickly to support growth. Investors picked up where…
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Goldman Sachs now sees three consecutive Fed rate cuts this year
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Goldman Sachs economists now expect the Fed to cut rates by 25 basis points at each of the three remaining meetings this year. They previously expected two rate cuts. “Today’s report suggests that the slowdown in labor market conditions has now gone beyond what was welcome,” Goldman notes. In addition,…
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Dollar hits four-month low as weak US jobs data boosts rate cut bets By Reuters
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By Karen Brittl NEW YORK (Reuters) – The U.S. dollar fell to a four-month low on Friday after a weaker-than-expected July employment report raised expectations the Federal Reserve will cut interest rates by 50 basis points in September as the economy deteriorates. Employers added 114,000 jobs, missing expectations for a…
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Forexlive Americas FX news wrap 2 Aug: Bond market cuts rate for Fed after weak jobs data
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After some amazing earnings/revenue numbers from Amazon after the shutdown (revenue declines and slower consumer concerns), and a day of bad news yesterday, markets got another dose of “weakness” today in the US jobs report. The US nonfarm payrolls report for July 2024 showed a gain of just 114,000 jobs,…