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...We think the chance of an inflation narrative volte-face in the next few months is particularly high because of the dominance of shelter inflation....
...While inflation has fallen rapidly from multi-decade highs on both sides of the Atlantic, eurozone measures have continued to fall in recent months as US data has edged up....
...But strong data on the labour market, and signs of stubbornly high inflation, have cast doubt on those forecasts....
...The new UBS AT1 were trading as high as 102 in the grey market so everyone upsized their orders — probably quite significantly — just for the one-day gain....
...The soft landing for an economy that many analysts had expected to wilt under the weight of high interest rates is in sight....
...Powell’s comments will add to hopes the Fed is at last preparing to ease monetary policy after months of holding rates at a 23-year high of between 5.25 per cent and 5.50 per cent — part of its quest to...
...Arpa won the legal challenge in 2012 and Romain Jerome declared bankruptcy in 2020....
...The Fed’s latest projections showed officials still expected to cut rates by 0.75 of a point this year, down from their 23-year high of 5.25-5.5 per cent....
...“We’re dealing with record high employment, so that [should] seem quite positive, but the inflation shock is clearly still weighing,” said Bert Colijn, an economist at Dutch bank ING....
...And the first five months of last year were fairly high readings,” he said, indicating that those lower readings would pave the way for cuts around the middle of the year....
...Although Trump nominated Powell to Fed chair in 2018, he eventually turned against the US central bank, accusing it of keeping interest rates too high at the time of the trade wars with China and Europe...
...Advocacy groups for banks have taken the unusual step of broadcasting TV adverts against the Basel III endgame during high-profile American football games, and have also raised the prospect of suing the...
...The S&P 500 gained 1.1 per cent on Friday to a record high as a surge in tech stocks helped the market shrug off the change in interest rate expectations....
...The central bank had originally been too slow to respond to high inflation — and now risked cutting too late....
...welcome because they do not believe that high emissions will lead to future costs”....
...In response, US government bond prices flew higher, while stocks pushed ever closer to a record high....
...Falling inflation in recent months had fuelled market bets that the Fed could begin cutting rates from their 23-year high at its next meeting this spring....
...the central bank could begin slashing the benchmark rate as early as March, and that rates could end next year below 4 per cent, well below their current level of 5.25 per cent to 5.5 per cent, a 22-year high...
...This is a high bar. Financial conditions have changed a lot. But the Fed’s reaction function seems mostly the same....
...Internal models were introduced to stop the incentives in favour of high-risk lending....
...Its focus from now on is not how high rates should go, but how long they should stay at elevated levels....
...Making (sound) waves in the woodlands of Tuscany Founded in 2014 by Lena Evstafieva and Jerome Hadley – a contemporary art collector and musician husband-and-wife team – Villa Lena has always proposed a...
...Gold reached an all-time high, rising as much as 1.9 per cent to a peak of $2,075.09 a troy ounce, surpassing the previous intraday peak it had set in August 2020....
...Against this backdrop, the Federal Reserve is set to hold interest rates for their third policy meeting in a row and keep the federal funds rate at a 22-year high of 5.25-5.5 per cent....
...The decision to keep the benchmark interest rate steady at a 22-year high of between 5.25 and 5.5 per cent for a second-straight gathering reflected greater caution among officials amid a multitude of headwinds...
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