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...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...The Federal Reserve has signalled that US borrowing costs are likely to remain higher for longer, as it wrestles with persistent inflation across the world’s biggest economy....
...US stocks held steady as investors brace for signals from Federal Reserve chair Jay Powell on the outlook for interest rates....
...Fedspeak: Federal Reserve governor Michelle Bowman will deliver a virtual speech at a workshop on the future of banking hosted by the central bank’s Kansas City branch....
...Ten of the Federal Reserve’s 12 rate-setting voters have managed at least 20 public appearances between them in the past fortnight....
...Fed Beige Book: The Federal Reserve will release its report on the current economic conditions of its 12 central bank districts....
...Asian equities were muted after US stocks finished their worst month since September, ahead of today’s Federal Reserve interest rate announcement in the US....
...Federal Reserve chair Jay Powell has said he still expects inflation to fall towards the US central bank’s 2 per cent goal, as new data highlighted the bumpy road ahead for officials as they debate when...
...Loretta Mester, president of the Cleveland Federal Reserve and a voting member of the Federal Open Market Committee, revealed in a speech on Tuesday that she had raised her estimate of the longer-run federal...
...Traders dialled back their bets on imminent Federal Reserve rate cuts after data showed US employers added 303,000 jobs in March, in a further sign of a buoyant labour market and a boost to President Joe...
...Federal Reserve officials have indicated they still expect to cut interest rates by three-quarters of a percentage point this year, sending US equity markets to record highs....
...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
...Loretta Mester, president of the Cleveland Federal Reserve and a voting member of the Federal Open Market Committee, on Tuesday said she had raised her estimate of the longer-run federal funds rate to 3...
...US central bank....
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
...Plus, price rises in services in the US are making the Federal Reserve’s decision-making over interest rates more complicated....
...Loretta Mester, president of the Cleveland Federal Reserve and one of the officials who votes on interest rates, said last week’s jobs report for January showed the labour market was “remarkably resilient...
...The business, which has been central to the bank’s growth in recent years, was already in the sights of the Federal Reserve over money laundering controls....
...The Federal Reserve has signalled that disappointing inflation readings are likely to mean US borrowing costs remain higher for longer, as it held interest rates at a 23-year high and unveiled plans to slow...
...European stocks slipped in early trading after Federal Reserve chair Jay Powell said on Wednesday that US interest rates would remain higher. A further rate hike was unlikely, he added....
...Analysts have upgraded their forecasts for the US economy this year, bolstering hopes of a soft landing and bets that the Federal Reserve will delay interest rate cuts until the summer....
...The market’s stubborn hopes of a first cut to US interest rates in March were finally crushed over the past week by strong economic data and firm messaging from Jay Powell, chair of the Federal Reserve....
...The Federal Reserve is “not far” from having the confidence to start cutting interest rates, its chair Jay Powell has said, bolstering hopes that the central bank will lower borrowing costs in the coming...
...President Joe Biden was hoping for a lift from the Federal Reserve this year. On Wednesday, the Fed dealt those hopes a blow....
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