Powell says Fed cut not start of long series, drawing Trump ire – BNN Bloomberg
— Read on www.bnnbloomberg.ca/powell-says-fed-cut-not-start-of-long-series-drawing-trump-ire-1.1295241
Tag: Interest Rates
Powell Suggests Fed Embarking on 1990s-Style Mini Easing Cycle – Bloomberg
Federal Reserve Chairman Jerome Powell hearkened back to the central bank’s 1990’s policy successes by suggesting he can sustain the record long U.S. economic expansion with just a modest reduction in interest rates.
— Read on www.bloomberg.com/news/articles/2019-08-01/powell-suggests-fed-embarking-on-1990s-style-mini-easing-cycle
Bank of Canada unlikely to follow any Fed interest rate cut: experts
The U.S. Federal Reserve is widely expected to cut its interest rate Wednesday for the first time in over a decade — a big step, though one unlikely to pull Canada’s central bank out of its holding pattern any time soon. The Bank of Canada sent signals earlier this month that the Canadian economy is very much on its own path and, at least in the short term, has no reason to follow any move by the Fed to lower rates.
— Read on www.msn.com/en-ca/money/topstories/bank-of-canada-unlikely-to-follow-any-fed-interest-rate-cut-experts/ar-AAF72iO
Fed to cut rates for first time since 2008 to save economic expansion
The Fed is about to take the unusual step of cutting interest rates to save an economic expansion, not an economy that is in a downward spiral.
— Read on www.cnbc.com/2019/07/30/fed-to-cut-rates-for-first-time-since-2008-to-save-economic-expansion.html
Morgan Stanley economist: Fed ‘needs to cut 50 basis points’
Morgan Stanley’s Chethan Ahya tells CNBC that he expects the Federal Reserve to cut interest rates by 50 basis points this week because of weak business investment in the United States.
— Read on www.cnbc.com/2019/07/29/morgan-stanley-economist-fed-needs-to-cut-50-basis-points.html
Bank of England to Hold Rates as Clouds Gather Over Outlook
(Bloomberg) — Bank of England officials will probably keep policy on hold next week as they acknowledge that the economic outlook has worsened materially since May.All but one of the 24 economists surveyed by Bloomberg predict a unanimous vote to maintain the benchmark rate at 0.75%. The risk of a no-deal
— Read on ca.finance.yahoo.com/news/bank-england-hold-rates-clouds-050000793.html
Fed to cut rates for first time since 2008 amid trade war
The Fed is expected to cut rates by a quarter point this week, in a preventative move aimed at limiting the impact of trade wars and slower global growth on the U.S. economy.
— Read on www.cnbc.com/2019/07/26/fed-to-cut-rates-for-first-time-since-2008-jobs-data-should-be-strong.html
Years of Living Dangerously: Japan’s Low-Yield Warning to World – Bloomberg
As the world sinks into an era of ever-lower interest rates and a chasm of negative-yielding bonds, Japan’s experience offers investors an invaluable precedent.
— Read on www.bloomberg.com/news/articles/2019-07-28/years-of-living-dangerously-japan-s-low-yield-warning-to-world
Japan’s Banks Are Running Out of Room to Cope With Negative Rates
(Bloomberg) — Japanese banks have spent more than three years trying to flee negative interest rates at home by ramping up lending abroad. Now their escape routes are closing.Declining global rates are buffeting the country’s three largest lenders as they prepare to post fiscal first-quarter results
— Read on ca.finance.yahoo.com/news/japan-banks-running-room-cope-200000282.html
Bank of Russia Cuts Key Rate and Signals More Easing to Come
(Bloomberg) — The Bank of Russia reduced interest rates for a second time this year and signaled more cuts to come, as inflation and economic growth slow.The key rate was cut to 7.25% from 7.50%, according to a statement published on Friday. The move was forecast by all but one of the 40 economists
— Read on ca.finance.yahoo.com/news/bank-russia-cuts-key-rate-114021159.html