Fed’s Barr says slowing pace of interest-rate hikes ‘makes sense’
[ad_1] The Federal Reserve should downshift the pace of its rate hikes in December, said Federal Reserve Vice Chairman for Supervision Michael Barr on Thursday. The Fed has pushed up…
Central banks must buy bitcoin to hedge against sanctions: Harvard Ph.D. candidate
[ad_1] A research paper published at Harvard University is advocating that central banks should buy bitcoin BTCUSD, +0.33% as a hedge against sanctions by other countries. The paper, titled “Hedging…
Bank of Korea raises rate by 25 basis points, easing pace of hikes
[ad_1] South Korea’s central bank has eased the pace of interest-rate increases to curb high inflation, lowering its 2023 growth and inflation forecasts. The Bank of Korea raised the benchmark…
Fed’s Bullard set to talk inflation, interest rates in MarketWatch Q&A Monday
[ad_1] St. Louis Federal Reserve President James Bullard is scheduled to sit down for an exclusive interview with MarketWatch on Monday, to discuss the outlook for the economy and monetary…
Fed eyes slower rate hikes as recession threat grows
[ad_1] Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to…
New Zealand central bank sharply raises rates, now expects to peak at 5.5% in 2023
[ad_1] The Reserve Bank of New Zealand raised interest rates aggressively on Wednesday in response to stubborn inflation pressures, ignoring recent signals from some its global peers that the pace…
Junk-rated companies have ‘meaningful exposure’ to Fed rate hikes, with one part ‘the root cause’ of vulnerability, warns Deutsche Bank
[ad_1] Junk-rated companies in the U.S. have “meaningful exposure” to interest rate hikes by the Federal Reserve, raising concerns over defaults as a potential recession looms, according to Jim Reid,…
U.S. demand for credit cards holds strong amid rising rates, New York Fed says
[ad_1] Credit-card application rates remained strong this year at an average of 26.7% — 3.6 percentage points above the average rate for 2021 — amid large increases in balances and…
Treasury yields waver as traders weigh up growth and Fed concerns
[ad_1] Bond yields recovered early declines as traders weighed worries about a COVID-19 lockdown in China against fears the Fed remains determined to tighten policy agressively. What’s happening The yield…
Gold settles with a more than 5% weekly gain as the dollar softens to a 2-month low
[ad_1] Gold prices on Friday marked another finish at their highest since August, up more than 5% for the week, as expectations that the Federal Reserve might slow the pace…
Fed’s Daly, despite ‘welcome’ CPI data, still wants to raise benchmark rate above 4.5%-4.75% range
[ad_1] The Federal Reserve should still raise its benchmark interest rate slightly above a 4.5%-4.75% rate despite the “welcome’ consumer price data released earlier Wednesday, said San Francisco Fed President…
2-year Treasury yield rises to 15-year high ahead of economic data
[ad_1] The yield on the policy-sensitive 2-year Treasury note ended the New York session Monday at a 15-year high as investors await this week’s October inflation report for further clues…
Fed warns of ‘low’ market liquidity in $24 trillion Treasury market, in latest financial stability report
[ad_1] The Federal Reserve on Friday confirmed what many investors were saying for some time: the $24 trillion Treasury market has been experiencing low levels of market liquidity in recent…
Gold prices end at lowest in 2 1/2 years as dollar rises in wake of Fed’s 4th jumbo interest rate hike
[ad_1] Gold futures tumbled on Thursday as the U.S. dollar and Treasury yields advanced after the Federal Reserve delivered its fourth 75 basis point interest rate hike since the start…
Oil slumps as fears rise Fed rate hikes will crimp crude demand, dollar jumps
[ad_1] Oil fell Thursday, losing ground on fears aggressive tightening by the Federal Reserve will tip the economy into recession, while the U.S. dollar rose sharply. Price action West Texas…
One-month bill rate leads Treasury yields higher as Fed decision looms
[ad_1] Treasury yields rose on Monday, led by a jump in the rate on the one-month bill, as traders prepared for the Federal Reserve’s rate-setting decision in two days. What’s…
U.S. inflation still running hot, key PCE price gauge shows
[ad_1] The numbers: A key gauge of U.S. inflation rose a mild 0.3% in September, aided by the lower cost of gas. Yet prices are still going up even if…
Indonesia’s central bank raises rates further in bid to cool inflation
[ad_1] Indonesia’s central bank raised its benchmark interest rate further on Thursday in a bid to reduce inflation and to ensure the stability of the rupiah. Bank Indonesia raised its…
Fed’s Bullard thinks inflation can come down without throwing a wrench in strong labor market
[ad_1] The Federal Reserve can get inflation back down to its 2% target without throwing a wrench in the strong labor market, said St. Louis Fed President James Bullard on…
Stock-market selloff may mean another 20% drop for S&P 500, says Wall Street veteran
[ad_1] “‘I generally believe that rates are going to continue to go higher and inflation is not going to come down as much as expected.’” — Thomas Peterffy, chairman and…
How high will rates go? This chart shows expectations for central bank policy rates.
[ad_1] The inflation fight by central banks isn’t even close to over yet, according to Jumana Saleheen, Vanguard’s European chief economist. That means markets likely remain vulnerable to additional shocks,…
Fed rate hikes are ‘hurting the situation,’ Sen. Bernie Sanders says
[ad_1] The Federal Reserve’s policy of steep interest-rate hikes is not helping the struggling economy and is instead hurting working Americans, Sen. Bernie Sanders said Sunday. ““I think they’re hurting…
The cost of health care is surging again and adding to high U.S. inflation
[ad_1] The cost of medical care is surging again after lull during the pandemic — and adding tinder to the high inflation already burning up the U.S. economy. Medical expenses…
Moody’s Mark Zandi sees relief within 6 months
[ad_1] The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics. His call, which comes on the cusp of another key inflation…
U.K. bond yields surge as Bank of England emergency bond-buying program set to expire
[ad_1] U.K. bond yields surged on Monday, on worries the pension fund market is not yet ready for the end of a temporary debt purchase program this week. The yield…