Browsing: Yleisiä uutisia
Federal Reserve Chairman Powell announced at a press conference at the Fed’s William McChesney Martin Building in Washington, DC, on June 12, 2024 that interest rates would remain unchanged.Kevin Dickey | Getty ImagesThis week, a series of major central banks will hold monetary policy meetings, with investors bracing for two-way changes in interest rates.The Federal Reserve’s much-anticipated two-day meeting begins on Tuesday and is expected to be in focus.The Fed is widely expected to join other central banks around the world in starting its own rate-cutting cycle. The only remaining question appears to be how much the Fed will cut…
Federal Reserve Chairman Powell announced at a press conference at the Fed’s William McChesney Martin Building in Washington, DC, on June 12, 2024 that interest rates would remain unchanged.Kevin Dickey | Getty ImagesThis week, a series of major central banks will hold monetary policy meetings, with investors bracing for two-way changes in interest rates.The Federal Reserve’s much-anticipated two-day meeting begins on Tuesday and is expected to be in focus.The Fed is widely expected to join other central banks around the world in starting its own rate-cutting cycle. The only remaining question appears to be how much the Fed will cut…
LONDON – British inflation held steady in August, in line with analysts’ expectations, data from the Office for National Statistics showed on Wednesday.The overall consumer price index (CPI) was consistent with July’s 2.2% reading and in line with forecasts in a Reuters poll of economists. The overall CPI in May and June was 2%, consistent with the Bank of England’s target interest rate.GBP Shortly after the news was released, shares rose 0.18% and were trading at $1.3183 as of 8:09 a.m. London time.Services inflation, which rose to 5.6% in August from 5.2% in July, is closely watched by the Bank…
A market stall in Kingston, London, 2024.Bloomberg | Bloomberg | Getty ImagesLONDON – European markets ended lower on Wednesday as investors considered key data from the region and awaited a Federal Reserve interest rate decision.The pan-European Stoxx 600 index closed down 0.49%, with most regional stock markets and sectors retreating. Utilities stocks fell 0.78% and food and beverage stocks fell 1%.In Europe, data from the British Office for National Statistics showed that British August inflation data was released on Wednesday and was 2.2%. This is unchanged from July and in line with expectations.The data comes ahead of a Bank of…