ECB Head Explains Central Bank’s Inflation Policy
Speaking at the annual conference of central bankers in Jackson Hole, Wyoming on Friday, European Central Bank (ECB) President Christine Lagarde said that in the EU, interest rates will be…
Türkiye Enacts Massive Interest Rate Hike
On Thursday, the Turkish central bank hiked its benchmark interest rate by 7.5 percentage points on Thursday to 25%, as the nation looks to begin to rein in its spiraling…
Goldman Forecasts First Rate Cut In Q2 2024
In a Sunday note to clients, Goldman Sachs is predicting that the Federal Reserve will begin cutting interest rates before the end of the first half of next year, and…
Fed’s Bowman Says More Rate Hikes May Be Needed
In order to fully cement price stability in place, Federal Reserve Governor Michelle Bowman said the regulator may need to impose additional rate hikes on the central bank’s key rate.…
Wayfair CEO Says Fed Rate Hikes Hit Consumers Hard
Wayfair’s (W) CFO Kate Gulliver warned that despite the bull market in stocks this summer, the steady stream of interest rate hikes which were delivered by the Federal Reserve over…
Eurozone Economic Activity Slowing
Eurozone business activity growth declined in June as the economy was weighed down by fears of the effects of high interest rates and concerns over demand growth, according to data…
IMF Urges Fed To Continue Tightening Monetary Policy
On Thursday the International Monetary Fund (IMF) advised the US Federal Reserve and other central banks throughout the world to “stay the course,” on monetary policy, and continue to focus…
Job Openings Increase Unexpectedly In April
In April job openings hit their highest levels since January. The unusually strong jobs numbers have analysts talking about the possibility the Federal Reserve could implement another interest rate hike…
Japanese Inflation Passes 40 Year High
In March, Japan saw its rate of inflation rise to the highest level seen in 40 years as food and electricity showed especially severe increases, according to new government data…
When $800 Billion Stimulus Fades, Stocks To Take Hit
A new Citigroup Inc. analysis says that stocks and other risk assets will endure a hefty hit when central banks withdraw up to $800 billion in stimulus they have deployed…
