INFL

Fed chair Powell is not done telling markets where rates will go

WASHINGTON, July 26 (Reuters) – Since it began its current round of interest-rate hikes this year, the US Federal Reserve has aimed to let investors know ahead of time not just where rates are heading generally but exactly how big a move to expect each time. And despite some snags, including what analysts say was …

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US economy slowing, but recession not inevitable, Yellen says

WASHINGTON, July 24 (Reuters) – US Treasury Secretary Janet Yellen said on Sunday that US economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC’s “Meet the Press,” said strong hiring numbers and consumer spending showed the US economy is not …

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Factbox: ECB unveils new TPI anti-fragmentation instrument

FRANKFURT, July 21 (Reuters) – The European Central Bank unveiled on Thursday its Transmission Protection Instrument (TPI), a new bond purchase scheme aimed at helping more indebted euro zone countries and preventing financial fragmentation within the currency bloc. Following are details of the scheme. WHY IS IT NEEDED? ECB rate hikes push up borrowing costs …

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ECB raises rates more than expected to fight off runaway inflation

All rates rise by 50 basis points Inflation uncomfortably high and rising ECB also approves ‘anti-fragmentation’ tool called TPI Press conference at 1245 GMT FRANKFURT, July 21 (Reuters) – The European Central Bank raised interest rates by more than expected on Thursday, confirming that concerns about runaway inflation now trump growth considerations, even as the …

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Fed to stick to 75 bps hike in July; 40% chance of recession

The Federal Reserve building in Washington September 1, 2015. REUTERS/Kevin Lamarque/File Photo Register now for FREE unlimited access to Reuters.com register BENGALURU, July 21 (Reuters) – The US Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation as the …

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The hike is (almost) here! Now for what comes next: Five questions for the ECB

The headquarters of European Central Bank (ECB) is photographed n Frankfurt, Germany, January 14, 2021. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com register LONDON, July 18 (Reuters) – The European Central Bank is set to deliver its first interest-rate hike since 2011 this week, yet markets are already fast-forwarding to focus on …

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Bank of Canada chief: inflation likely to tip 8% as soon as next week

Bank of Canada Governor Tiff Macklem takes part in a news conference in Ottawa, Ontario, Canada April 13, 2022. REUTERS/Blair Gable Register now for FREE unlimited access to Reuters.com register OTTAWA, July 16 (Reuters) – The Bank of Canada expects inflation to go “a little over” 8%, as soon as next week when June’s data …

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US weekly jobless claims hit 8-month high; labor market still tight

Weekly jobless claims increase 9,000 to 244,000 Continuing claims fall 41,000 to 1.331 million Producer price index increases 1.1% in June Core producer prices rise 0.3%; up 6.4% year-on-year WASHINGTON, July 14 (Reuters) – The number of Americans filing new claims for unemployment benefits increased to an eight-month high last week, suggesting some cooling in …

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Bank of Canada surprises with 100bp rate hike to tame inflation

OTTAWA, July 13 (Reuters) – The Bank of Canada on Wednesday raised its main interest rate by 100 basis points in a bid to crush inflation, surprising markets and becoming the first G7 country to make such an aggressive hike in this economic cycle. The central bank raised its policy rate to 2.5% from 1.5%, …

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Oil prices tumble more than $2 ahead of potential large US rate hike

Pump jacks pump oil at an oil field on the shores of the Caspian Sea in Baku, Azerbaijan, October 5, 2017. REUTERS/Grigory Dukor Register now for FREE unlimited access to Reuters.com register LONDON, July 14 (Reuters) – Oil prices fell more than $2 on Thursday as investors focused on the prospect of a large US …

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