Jerome Powell says US Federal Reserve in no ‘hurry’ to lower interest rates
Central bank chairman warns path to a reduction in inflation will be ‘bumpy’
Central bank chairman warns path to a reduction in inflation will be ‘bumpy’
US rate cut follows move earlier by Bank of England which signals that further reduction is unlikely before next year
Pledges to raise tariffs, cut taxes and slash regulations encouraged investors to dive into a range of assets that looked likely to benefit
Stoxx Europe 600 Index climbed 0.6% with auto stocks gaining the most after EU voted to impose tariffs on EVs from China
Move makes US Federal Reserve less likely to set so-called jumbo interest rate cuts
Traders optimistic after the US Federal Reserve chairman Jay Powell signalled a series of cuts are likely to follow
US central bank’s decision marks a milestone in its two-year fight against inflation
Bank stocks mixed on Irish market with home builders also in focus
Ryanair closes up 6.1% in Dublin following comments from chief executive Michael O’Leary on bookings
Challenge for the Federal Reserve chairman is oversee a soft landing for economy as presidential election looms
Close call over whether to lower rates by half or quarter point this month
Banking stocks rise on Irish market as Ryanair retreats
Fed and investor focus now turns to key data next week including the US government’s August employment report
Federal Reserve chairman Jerome Powell is due to speak at the Jackson Hole symposium on Friday
Iseq index adds 0.3% as financials move higher
US and European buyers position for lower borrowing costs after sitting out much of precious metal’s rally
Investors awaiting interest rate clues from Jackson Hole
Sentiment boosted by upbeat global economic data, although some analysts cautioned investors against complacency
Consumer price index dips below 3% for first time since March 2021
Investors brace for key economic data from the US and Europe due this week
With rising unemployment and the Federal Reserve’s reluctance to cut interest rates, the odds on a downturn are narrowing
On both sides of the Atlantic, the configuration of strictures on central banks and governments may risk economic wellbeing
Tokyo equities surged 9% following Monday’s global rout but US and European recoveries were more muted
Worries over whether authorities are being too cautious on cutting interest rates take effect as jobs growth slowdown weighs on sentiment
Bourses from Asia to Europe took a beating and bond yields slid as investors rushed to safe-haven assets
Central bank holds rates steady but comments by chair Powell boost expectations of pre-election move
US central bank set to acknowledge that easing inflation and softening jobs market justify policy pivot
An unexpected flare-up in US inflation last quarter is one reason officials want to see more data
Trump has warned Federal Reserve chief Jerome Powell not to cut interest rates before November’s election
Price growth in Irish economy continues to moderate in tandem with fall-off in energy costs internationally
Iseq All-Share index jumps 1.2 per cent, with home builders standing out among performers
Federal Reserve leaves rates unchanged after latest meeting
Interest rates attached to home loans are expected to fall over the coming months as ECB reduces headline rates
Poll respondents also raise their outlook for inflation
ECB chief economist Philip Lane brushes off fears that loosening euro-zone monetary policy before US Fed could backfire
Similar moves by the Swiss, Czech and Hungarian central banks demonstrate a willingness in Europe to diverge from US monetary policy
On Wednesday, the Federal Reserve signalled US interest rates were staying higher for longer, and the mood in Europe has shifted too, with implications for Irish mortgage holders
US central bank says there has been a ‘lack of further progress’ towards 2 per cent inflation goal
Past and present policymakers should ask more searching questions about the causes and impact of the price surge
An ECB interest rate cut soon would make sense, but the Fed faces a more difficult call in the US
While base case remains reduction in borrowing costs, options market shows a 20% probability of increase
Traders drastically lowered rate cut expectations as data shows 3.5% inflation hike in March against 3.4% expectation
Move has puzzled analysts with no obvious catalyst
However, governor Andrew Bailey has said Britain’s economy is “moving in the right direction” to start cutting rates
Forecasts come as US central bank holds interest rates at 23-year high
Unexpected increase set to be scrutinised by central bank as it weighs interest rate cuts
Comments by Fed chair Jay Powell come a day after ECB signalled possible movement in June
History has warned that the last stage of returning inflation to central bank targets is often the most difficult
Underwhelming US price data dampens speculation of early cut in interest rates
Middle-ground speculation is for ECB rate cuts to begin in June
Central bank drops previous assertion that a rate hike is still possible
Solid GDP and employment data mean officials can afford to wait until they are sure inflation is under control
December meeting minutes appear to pour cold water on prospect for cuts to start in March
An absence of major news has not stopped investors from ramping up bets on rapid-fire rate cuts next year
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