Fed Official Sees Progress on Inflation, Says More Rate Rises Needed
The Federal Reserve’s short-term benchmark rate isn’t yet at a level high enough to sufficiently slow the U.S. economy to...
Central banking
Bank of England Raises Rates by 0.5 Point, Slowing Pace of Tightening
WorldEuropeDecision follows a similar move by the Swiss National Bank on a busy day for Europe’s most influential central banks...
Fed Raises Rate by 0.5 Percentage Point, Signals More Increases Likely
Most officials penciled in plans to raise rates above 5% next year, higher than previously expected. Source link
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon
EconomyU.S. EconomyPolicy makers have signaled plans to dial back the pace of interest-rate increases, while warning rates could rise to...
Inflation Report Leaves Fed on Track for 0.5-Point Rate Rise in December
The October inflation report is likely to keep Federal Reserve officials on track to approve a half-percentage-point interest-rate increase next...
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates
EconomyU.S. EconomyChairman Jerome Powell says too soon to talk about pausing rate increases Source link
U.K. Treasury Chief Jeremy Hunt Looks to Reassure Markets With New Tax Plan
LONDON—New U.K. Chancellor Jeremy Hunt will make a statement later Monday, unveiling new public spending and tax policies as he...
Fed’s Evans Says Rates Will Need to Remain at Higher Levels
The Federal Reserve will need to hold interest rates high enough to slow the economy after it lifts them through...
Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn
Some economists fear the Federal Reserve—humbled after waiting too long to withdraw its support of a booming economy last year—is...
Fed’s Lael Brainard Warns on Inflation, Financial Stability Risks
A senior Federal Reserve official warned of the risks that additional inflationary shocks could lead the central bank to raise...
World’s Central Banks Race to Raise Rates After Fed Increase
LONDON—Central banks around the world moved Thursday to combat the effects of a soaring dollar and rising inflation, joining the...
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
The decision Wednesday—unanimously supported by the Fed’s 12-member rate-setting committee—will lift its benchmark federal-funds rate to a range between 3%...
Fed’s Powell Affirms Need to Act Strongly to Fight Inflation
Federal Reserve Chairman Jerome Powell said the central bank is squarely focused on bringing down high inflation to prevent it...
Fed’s Williams Says Rates Will Stay High for a While
Federal Reserve Bank of New York President John Williams said Tuesday that the U.S. central bank will need to push...
Fed’s Bullard Leans Toward Favoring 0.75-Percentage-Point September Rate Rise
Federal Reserve Bank of St. Louis President James Bullard said Thursday he is considering support for another large rate rise...
Fed Officials See Need for Continued Interest-Rate Increases, but Less Certainty Over Destination
Federal Reserve officials agreed at their monetary-policy meeting last month they needed to keep raising interest rates enough to lower...
Bank of England Makes Biggest Rate Rise Since 1995 as Inflation Soars
LONDON—The Bank of England raised its key interest rate by a half percentage point Thursday, the largest single step in...
Fed’s Bullard Says He Expects Economic Expansion to Continue This Year
Federal Reserve Bank of St. Louis President James Bullard said the economy appears on track for more expansion this year,...
Fed’s Waller Supports 0.75-Percentage-Point Rate Hike in July
Governor Christopher Waller says the Fed took a significant step toward achieving its inflation goal when it raised its key...
The Myth of the Central Bank ‘Soft Landing’
“Soft landings” are easier to find in the legendarium of central banks than in historical reality. It was a big...
