The president of the council said US Federal ReserveJerome Powell, in a direct message to the markets in a keynote speech on Friday, said “the time has come” for the central bank to start lowering interest rates. Speaking at the Federal Reserve Bank of Kansas City’s annual economic conference in Jackson Hole, Powell said: “It’s … Read more
A customer at a wholesale warehouse in Washington in January.MICHAEL REYNOLDS (EFE) Although the global stock market storm that shook the markets last week quickly subsided, concerns about a hard landing for the US economy persist and inflation is in the spotlight. Three indicators, the producer price index – which rose less than expected – … Read more
Federal Reserve Governor Michelle Bowman on Saturday slightly softened her typically hawkish tone, noting some “welcome” progress on inflation over the past two months, though she said inflation remains “uncomfortably above” the central bank’s 2 percent target and subject to upside risks. “If new data continue to show that inflation is moving sustainably toward our … Read more
Carry trade strategies in yen and the closing of investment positions after the decision by the Japanese central bank to raise interest rates, combined with concern about the momentum of the US economy after the release of July labor market data , which activated the “Sahm rule”, along with escalating tensions and uncertainty over geopolitical … Read more
Just when it seemed that Donald Trump, the Republican candidate for re-election in November, had abandoned the battering rams of inflation and the border to attack the Democrats, brandishing instead identity issues – the blackness of Kamala Harris – the collapse of the stock markets has brought him back to the economic terrain. In several … Read more
The possibility of inflation in the eurozone falling below the 2% target was pointed out by the governor of the Bank of Greece, Giannis Stournaras, in an interview he gave to Platow.de As he specifically stated, “new signs of weak economic activity and a high level of uncertainty are very likely to push inflation lower … Read more
The pricing policy of the banks comes under the microscope of the Competition Commission (EA) again, a few months after the compromise between the two sides on the issue of commissions. It was late 2019 when dozens of officers of the independent authority raided the management offices of the country’s largest credit institutions, as part … Read more
As a result of the weakening of the national currency, it was recently reported by the deputy head of the Czech National Bank, Jan Freit, who said in an interview with Bloomberg that a rate reduction of half a percent was possible at the meeting of the central bank on Thursday. due to low inflation … Read more
gold costs Gold costs fell on Monday, affected by the rise within the greenback, as buyers waited for the assembly of the US Federal Reserve within the subsequent two days to provide any indication of a discount in rates of interest.Gold in fast buying and selling fell 0.4% to $2,376.2 an oz.. US gold futures … Read more
Merchants count on the Federal Reserve to carry its short-term rate of interest goal at 5.25-5.5 % subsequent week and wait till September to start a sequence of quarter-point cuts, following contemporary information exhibiting the U.S. financial system regained momentum final quarter. Merchants had beforehand estimated there was a 9 % likelihood the Fed would … Read more