Bank of England keeps rates at 5.25% in ‘finely balanced’ decision; traders lift bets for August cut
LONDON — The Bank of England on Thursday opted to keep interest rates steady at its June meeting, but described…
Switzerland makes second interest rate cut as major economies diverge on monetary policy easing
The Swiss National Bank on Thursday trimmed its key interest rate by 25 basis points to 1.25%, continuing cuts at…
UK inflation falls to Bank of England’s 2% target ahead of elections
U.K. inflation fell to the Bank of England’s target of 2.0% in May, the Office for National Statistics said Wednesday,…
Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its…
Fed holds rates steady, indicates only one cut coming this year
The Federal Reserve on Wednesday kept its key interest rate unchanged and signaled that just one cut is expected before…
Turkey’s inflation passes 75% in what economists believe is peak
Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…
Euro zone inflation rises to 2.6% in May, but bloc still seen heading for interest rate cut
Inflation in the euro zone rose to 2.6% in May, statistics agency Eurostat said Friday, but a higher-than-expected print did…
JPMorgan CEO Jamie Dimon says can’t rule out ‘hard landing’ for the U.S., stagflation will be ‘worst outcome’
JPMorgan Chase‘s chairman and CEO, Jamie Dimon, says a “hard landing” for the U.S. cannot be ruled out. When asked…
Federal Reserve minutes indicate worries over lack of progress on inflation
Federal Reserve officials grew more concerned at their most recent meeting about inflation, with members indicating that they lacked the…
Fed officials seem like they have ‘no idea’ what is going on with U.S. inflation, strategist says
Federal Reserve officials appear to have “no idea” what is happening when it comes to the inflation picture in the…
