Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement...
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Chair Jerome Powell announced that the Federal Reserve is ready to cut its key policy rate, confirming expectations that officials will start lowering borrowing costs next month. He emphasized his intention to avoid further cooling in the labor market. He said, “The direction is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”
Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement...
Governing Council was out for August, but tomorrow — on Wednesday, September 4 — they’ll be back for the third-last interest rate announcement...
SNV provides its third-quarter 2024 outlook. NII is expected to be impacted by the muted loan growth environment and the impact of expected Federal...
The EURGBP concluded the week in red for the third straight week. The currency pair remains on the backfoot as the Euro continues to weaken, with...
The EURGBP concluded the week in red for the third straight week. The currency pair remains on the backfoot as the Euro continues to weaken, with...
Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt...
Just three weeks ago, Reserve Bank Governor Michele Bullock declared interest rate cuts unlikely in the next six months. But if there was any doubt...
Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing.
Chile’s central bank lowered its key interest rate by a quarter percentage-point, playing down the risks of sustained inflation, while indicating...
The US Fed has signalled rate cuts are coming, while other major central banks have started lowering borrowing costs.