Of course, the material facts between the two Fed meetings were markedly different. The Fed, as expected, left interest rates unchanged this time, compared with a 75-basis-point hike last year. But the circumstances surrounding the Fed’s decision are different too. Recession fears gripped investors last year. Today, the Fed’s upgrading its assessment of the U.S. … Read more
in the economy that some see as a sign of a recession starting, the BoE is expected to keep Bank Rate at 5.25% for a second meeting in a row after 14 back-to-back increases, a Reuters poll of economists showed last week.The BoE’s Monetary Policy Committee is facing an inflation rate more than double that … Read more
Economists and financial markets had expected the pause in the Fed’s aggressive rate-hiking campaign, after several Fed officials signaled they anticipate a further slowing of the US economy as it continues to absorb the effects of higher borrowing costs. The Fed’s post-meeting statement noted that “economic activity expanded at a strong pace in the third … Read more
© Reuters. FILE PHOTO: A sign is pictured outside a Google office near the company’s headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS/Paresh Dave/File Photo(Reuters) – Most global mega-cap stocks continued their slide in October, hit by the rise in U.S. interest rates and lacklustre third-quarter earnings growth among some top U.S. tech … Read more
hiringposing a quandary for the Federal Reserve as it readies to make a decision on Wednesday about whether to impose another rate hike. Inflation stands well below its peak last year of over 9%, but progress has stalled in recent months and price growth remains more than a percentage point higher than the central bank’s … Read more
People walk past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, Nov.1, 2023 in Tokyo. Asian shares were mostly higher Wednesday after Wall Street advanced to claim back some of the ground it gave up in another losing month. (AP Photo/Shuji Kajiyama)People walk past an electronic stock board showing … Read more
FBI director warns of growing domestic threat amid Israel-Hamas warMore humanitarian aid sent into Gaza from Egypt as many Americans remain trappedInvestigation underway into heavily armed man found dead at amusement parkRise in hate around the world amid Israel-Hamas warMother learns of son’s death months after reporting him missingIsrael’s president: 23-year-old Israeli hostage Shani Louk … Read more
Climate change has elevated the risk of natural disaster losses, sending real estate insurance premiums soaring. Properties with climate-resilient features that protect from hurricanes, flooding, fires and wind have been able to to secure cheaper insurance premiums and reduce long-term costs by lowering their risk of property damage. Those renovations reduced The Eddy’s estimated flood … Read more
Japan’s central bank is allowing more flexibility in its yield curve control policy, shifting the language used to describe the upper bound of the 10-year Japanese government bond yield. In its release, the Bank of Japan said the target level of the 10-year JGB yield will be held at 0%, but will take the upper … Read more
The Federal Reserve will likely hold interest rates steady at its meeting this week, extending the pause that began after the last rate hike in July. “They’re not going to do anything. I think that they’re hoping they are done, but I don’t think they are at all ready to commit to that,” Shapiro said. … Read more