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...UK inflation could hold around the Bank of England’s 2 per cent target for the next three years, according to an interest rate-setter, making the country “less of an outlier and more of a laggard” in terms...
...Perhaps if rate-setters had had this tool at their disposal as inflation started to climb, some of them wouldn’t have been so cautious in starting to raise rates and we wouldn’t have ended up with all of...
...A top Federal Reserve official has said strong US growth makes it “wise” for rate-setters to take their time and see the economy return closer to pre-pandemic normalcy before cutting rates from their current...
...Expectations of wage growth in UK businesses have fallen to a near two-year low, according to a closely watched Bank of England poll that will ease interest rate-setters’ concerns over sticky domestic price...
...A stronger than forecast US inflation figure caused a stir as European Central Bank rate-setters sat down for dinner in Frankfurt on Wednesday — but several attendees said it only toughened their resolve...
...The Bank of England interest rate cuts should be “a long way off”, one of the central bank’s most hawkish rate-setters has said, as he cautioned against jumping to conclusions based on falling headline inflation...
...The UK is set to lag behind its peers in returning inflation to target, a Bank of England interest rate-setter has warned, as she argued for a further increase in the cost of borrowing....
...Diego Iscaro, economist at S&P Global Market Intelligence, said March’s fall in headline inflation “may raise expectations for a rate cut later this month”....
...This was a dovish pivot....
...The S&P 500 closed down almost 1 per cent with roughly nine in every 10 stocks losing ground....
...ECB rate-setters broadly agreed at their last meeting in January that the risks of cutting rates too early outweighed those of moving too late, even though the risks to growth are “tilted to the downside...
...US stocks opened higher on Tuesday as investors looked ahead to fresh commentary from Federal Reserve officials and a flurry of fourth-quarter corporate results....
...In stock markets, the S&P 500 was down 0.1 per cent. The moves came after Powell said in a pre-recorded interview on Sunday that rate-setters still expect to make three quarter-point cuts in 2024....
...The benchmark S&P 500 fell 0.2 per cent on Thursday afternoon, notching five straight daily losses for the first time since October....
...S&P said it originally expected the war would not last “more than six months” as it downgraded Israel’s sovereign credit rating from double A minus to A plus....
...The S&P 500 declined on Thursday, headed for its fifth straight loss since October....
...Fed rate-setters’ inflation-busting mission looks increasingly likely to end with cuts worth three-quarters of a percentage point this year....
...Futures contracts tied to the value of the Vix index — the so-called fear gauge that measures expectations of near-term swings in the S&P 500 — are pricing in a rise in market stress in the weeks before...
...The BoE’s approach left it more exposed when the MPC began sharply lifting rates in a bid to tame inflation in 2021, he noted in a paper this week....
...However, recent data pointing to a sharp economic downturn could tip the balance towards a pause this time. Read the full week ahead calendar here....
...The blue-chip S&P 500 dropped 0.9 per cent on Friday, capping its longest losing streak since October 2022. It fell for the third week in a row, losing 3.1 per cent across five sessions....
...On Thursday, the S&P 500 reversed a boosterish 0.8 per cent morning gain to close 1.2 per cent lower — its worst day in eight weeks....
...After three MPC members, Andrew Bailey, Sir Jon Cunliffe and Huw Pill said UK rates were reaching a peak and could be held there, Mann disagreed....
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