Tag: Interest Rates

Lagarde says price stability is at the center of the central bank’s work

Lagarde says price stability is at the center of the central bank’s work

In a speech scheduled for Wednesday, the president of the European Central Bank, Christine Lagarde, has said that “price stability is the center of the central bank’s work”. On the other hand, the chief economist of the ECB, Phillip Lane has said that “the sweet spot is low inflation with a margin above zero”, and […]

Makhlouf says a rate cut is not the best tool to use under current circumstances

Makhlouf says a rate cut is not the best tool to use under current circumstances

“Our opinion has been that a rate cut is not the best tool to use in the current circumstances.” said the head of policy of the European Central Bank (ECB) and Governor of the Central Bank of Ireland, Gabriel Makhlouf on Friday. Additional comments: “The financial crisis arising from the COVID-19 hit is still a […]

Wall Street sees chance of interest rates falling to zero by summer

Wall Street sees chance of interest rates falling to zero by summer

With the Federal Reserve expected to act soon in response to the coronavirus scare, there’s a chance that the central bank could take policy back to where it was during the financial crisis.  Goldman Sachs economists said Sunday they see the Fed cutting rates by 50 basis points by its March meeting or sooner, and […]

Trump criticizes Fed, calls for lower rates amid coronavirus fallout

Trump criticizes Fed, calls for lower rates amid coronavirus fallout

Donald Trump and Jerome Powell Getty Images President Donald Trump on Saturday doubled down on his criticism of the Federal Reserve and what he sees as its reluctance to lower interest rates in the midst of coronavirus fears and its potential impact on the American economy. “Our Fed should start being a leader,” Trump said […]

Rate cut expectations will fade as coronavirus fear eases

Rate cut expectations will fade as coronavirus fear eases

Markets expecting an interest rate cut are reacting to the coronavirus scare and likely will reverse once the fear starts to fade, St. Louis Fed President James Bullard said Friday. Central bank officials have indicated that they are content to keep policy on hold as they watch economic developments play out. However, traders in the […]

What to look for when Fed Chair Powell meets with Congress this week

What to look for when Fed Chair Powell meets with Congress this week

Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Tuesday at a touchy juncture: The world is awash in fear from a deadly virus outbreak, lawmakers are just getting over a historically bruising political battle, and the central bank continues to fight against the perceived evil of low inflation. In his semiannual remarks to […]

Fed’s Bostic says new virus hasn’t changed his outlook

Fed’s Bostic says new virus hasn’t changed his outlook

President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters China’s virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the views […]

5 things to know before the stock market opens January 21, 2020

5 things to know before the stock market opens January 21, 2020

U.S. inventory futures have been pointing to a decrease Wall Street open on Tuesday, with world shares from Asia to Europe underneath strain. The U.S. market was closed Monday for the Martin Luther King Jr. vacation. On Friday the Dow Jones Industrial Average, S&P 500 and Nasdaq all closed at report highs once more. For […]

Two Fed moves have boosted stocks, but they could come with a price

Two Fed moves have boosted stocks, but they could come with a price

The stock market has picked up 2020 pretty much where 2019 left off, thanks in large part to two key Federal Reserve moves that could keep the rally going, at least until something goes wrong. Amid an already strong backdrop for Wall Street, the Fed issued two directives right around the same time in October […]

Fed policy is in a ‘good place’ but will remain flexible

Fed policy is in a ‘good place’ but will remain flexible

Richard Clarida Scott Mlyn | CNBC The Federal Reserve is in “a good place” with monetary policy but remains flexible both with interest rates and its operations to tame the overnight borrowing market known as repo, Vice Chairman Richard Clarida said Thursday. As the central bank embarks on a year during which it is not […]