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Sep 21 2023
News
Bank of Japan Keeps Interest-Rates Targets Unchanged
TOKYO--The Bank of Japan on Friday kept its interest-rate targets unchanged amid rising prices and growing expectations for an early policy change.
The Japanese central bank decided to maintain its hard cap on the yield of 10-year Japanese government bonds at 1.0% after raising it from 0.5% at its previous meeting in late...
MarketWatch
Sep 21 2023
News
Higher Interest Rates Not Just for Longer, but Maybe Forever
On Wednesday, Federal Reserve officials surprised markets by signaling interest rates won’t fall as much as previously planned.
The tweak might be more important than it looks. In their projections and commentary, some officials hint that rates might be higher not just for longer, but forever. In more technical terms, the so-called neutral rate, which keeps inflation and unemployment
Wall Street Journal (News)
Sep 21 2023
News
Egypt's central bank keeps key interest rates unchanged
CAIRO, Sept 21 (Reuters) - Egypt's central bank, as widely expected, left its key overnight interest rates unchanged on Thursday, saying both economic growth and core inflation were slowing. The bank kept its lending rate at 20.25% and its deposit rate at 19.25%. The median forecast in a poll of 17 analysts had been for the bank's Monetary Policy Committee (MPC) to leave rates steady. Five
Reuters
Sep 21 2023
News
Bank of England Leaves Key Interest Rate Unchanged -- WSJ
LONDON--The Bank of England left its key interest rate unchanged for the first time since November 2021 amid signs that inflation is cooling and the U.K.'s economy is teetering on the brink of contraction.
The BOE's decision to keep its benchmark rate at 5.25% leaves it out of step with a number of other European central banks...
MarketWatch
Sep 21 2023
News
Bank of England halts run of interest rate hikes as economy slows
By William Schomberg, Andy Bruce and Suban Abdulla LONDON, Sept 21 (Reuters) - The Bank of England halted its long run of interest rate increases on Thursday as the British economy slowed, but it said it was not taking a recent fall in inflation for granted. A day after a surprise slowing in Britain's fast pace of price growth, the BoE's Monetary Policy Committee voted by a narrow margin of 5-
Reuters
Sep 27 2023
News
Fed's Neel Kashkari isn't sure if interest rates are high enough to stop inflation
Minneapolis Federal Reserve President Neel Kashkari said Wednesday he's unsure whether the central bank has raised interest rates enough to tame inflation. Speaking one day after he penned an essay suggesting that rates may have to go "meaningfully higher" from here in order to bring down prices, Kashkari told CNBC that the neutral rate of interest, or one that is neither holding back the
CNBC
Sep 20 2023
News
Traders’ interest-rate expectations for 2023 little changed despite Fed's projections
Federal-funds futures are still indicating that traders expect the Federal Reserve will keep its benchmark interest rate at the current level this year, even as the Fed’s projections released Wednesday showed one more rate hike may be coming. Traders see a 73.1% probability that the Fed may keep its rate at the current target range of 5.25% to 5.5% at its next policy meeting in November,
MarketWatch
Sep 20 2023
News
The Fed hits pause on interest rate hikes while it reviews more data
The Federal Reserve said Wednesday it will pause its rate hikes, keeping its benchmark lending rate at a 22-year high.
The move was widely expected, after the central bank signaled in recent weeks that it intended to wait for more data to understand how previous rate hikes are affecting the US economy.
Since March 2022, the Fed has lifted interest rates 11 times and held them
CNN Business
Sep 20 2023
News
Fed takes a breather on interest rate hikes, but signals another could come
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signaled that they expect to raise rates once more this year. The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time
The Dallas Morning News
Sep 20 2023
News
Fed Pauses Interest Rate Hikes Again—But Ups Long-Term Forecast
The Federal Reserve decided to keep interest rates the same for just the second time since beginning its current hiking cycle aimed at curbing inflation last year, also releasing its projections for where it expects the federal funds rate to land, providing some unwelcome news for investors hoping for rates to come down sooner rather than later. The Fed will hold rates steady at the 22-year
Forbes