Swiss National Bank Has First Interest Rate Hike In 15 Years
Driven by rising inflation, the Swiss National Bank raised interest rates for the first time since 2007, raising the policy rate 0.5%, to -0.25%. The franc immediately rose more than…
Fed Hikes Benchmark Rate 0.75%, Biggest Since 1994
The Federal Reserve, as expected, raised its benchmark interest rate by 75 basis points on Wednesday, the most aggressive rate hike sine 1994. The rate-setting Federal Open Market Committee concluded…
Some See A 75 Basis Point Hike At This Week’s Meeting
Some analysts are predicting the biggest rate increase since 1994 when the Fed meets this week to hash out monetary policy. The two day meeting will conclude Wednesday, with the…
Stocks Slide Monday On Fed Fears
US stocks collapsed back into bear market territory Monday as investors bet that the record high inflation numbers for May would mean an aggressive Federal Reserve interest rate hike program…
Fed May Have To Accept Higher Unemployment
The Federal Reserve is beginning to signal it may be necessary to allow increases in unemployment, in order to tamp down inflation by raising interest rates. At 3.6%, the unemployment…
Poland Prepares More Rate Hikes After Nine Fail To Stop Inflation
Poland’s central bank is preparing more rate hikes as it continues to battle the highest inflation in almost a quarter of a century. So far it has failed to contain…
May CPI Expected To Run Hot – Dow Jones Survey
Inflation is expected to continue to run hot in May, with energy, food, rent and health-care costs all going up, according to a new Dow Jones survey of economists. Those…
Turkish Lira Plummets As Erdogan Refuses Tightening
The Turkish Lira fell past 17 per dollar, a level not seen since last December. People rushed into foreign currencies following President Recep Tayyip Erdogan ruling out higher interest rates…
European Central Bank To Hike Rate As Inflation Jumps
The European Central Bank will meet in Amsterdam on Thursday for their first policy meeting outside of Frankfurt since the COVID pandemic. It is expected they will announce their intention…
The Fed To Begin Quantitative Tightening
Starting on Wednesday, the Federal Reserve will begin reducing its almost $9 trillion portfolio. This process is designed to supplement rate hikes as the Fed tries to get control of…
