Browsing: interest rates

Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of an imminent policy easing, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank’s 2% target.

U.S. prices rose moderately in June, underscoring an improving inflation environment that potentially positions the Federal Reserve to begin cutting interest rates in September.

HC Securities and Investment is expecting the Central Bank of Egypt (CBE) to keep interest rates unchanged at its upcoming Monetary Policy Committee (MPC) meeting on July 18th

Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it.

“We need to see more evidence that inflation will stay low before we can cut interest rates,” BoE governor Andrew Bailey said

WASHINGTON : The US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming, Reuters reported.

For months, the US central bank has maintained its benchmark lending rate at a 23-year high to cool demand and rein in price increases

The investment banking firm also forecasts the North African country’s inflation rate to drop to 20% by end-2024

UK inflation slowed less than expected last month, underscoring the reluctance of some Bank of England officials to begin cutting interest rates.

The fifth consecutive pause since October was widely expected and leaves the benchmark deposit rate at a record high of four percent