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Federal Reserve Poised for First Rate Cut Since 2020 as Inflation Eases and Job Market Weakens

The Federal Reserve is poised to deliver its first interest rate cut since 2020 next week, a move that consumers, businesses and investors alike have been eagerly awaiting. The Federal Reserve is widely expected to lower its benchmark interest rate when it meets on Wednesday, marking the first rate cut in more than four years.…

ByPexecoSeptember 14, 20240Comments

Banks

ECB urges caution on interest rate cuts amid inflation uncertainty

The ECB is cautious on potential rate cuts, emphasising flexibility ahead of the 12 September meeting. Policymakers highlight uncertainty in the economic outlook and the need for data-driven policy decisions. The European Central Bank (ECB) is treading carefully on potential interest rate cuts, opting to approach its September meeting with an open mind and guided…

ByPexecoAugust 23, 20240Comments

News

Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB's September rate decision remains a key factor in determining the single currency's trend. The euro has recently surged amid global market turmoil, being viewed as a safe haven currency. The exchange rate…

ByPexecoAugust 7, 20240Comments

News

Bank of England Cuts Interest Rates to 5%

The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities. The Bank of England cut interest rates at its August meeting for the first time since…

ByPexecoAugust 1, 20240Comments

News

What To Expect on Interest Rates From Next Week’s Fed Meeting

KEY TAKEWAYS The Federal Reserve is widely expected to maintain its influential interest rate at its current 23-year-high level when officials make policy decisions on Wednesday. Inflation moderated in the second quarter and the job market has continued softening, factors that will likely encourage the Fed to cut interest rates in the coming months. Market…

ByPexecoJuly 28, 20240Comments

Finance News

ECB’s Lagarde foresees a bumpy road to 2% inflation

ECB President Christine Lagarde highlighted the complex journey towards the 2% inflation target at the ECB Forum on Central Banking in Sintra. Christine Lagarde, President of the European Central Bank (ECB), highlighted the complex journey towards achieving the ECB's 2% inflation target during her address at the ECB Forum on Central Banking in Sintra on…

ByPexecoJuly 14, 20240Comments

Finance News

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?

KEY TAKEWAYS Federal Reserve Chair Jerome Powell told a European banking conference the U.S. has made ‘significant progress’ on inflation. However, he said he wanted more data before moving to cut interest rates. Powell didn’t offer a timeline for interest rate cuts. While inflation is likely to continue to trend lower, it likely won’t reach…

ByPexecoJuly 9, 20240Comments

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Federal Reserve Poised for First Rate Cut Since 2020 as Inflation Eases and Job Market Weakens

ECB urges caution on interest rate cuts amid inflation uncertainty

Euro Strengthens Amid Global Market Turmoil: Safe Haven Status Reclaimed

Bank of England Cuts Interest Rates to 5%

What To Expect on Interest Rates From Next Week’s Fed Meeting

ECB’s Lagarde foresees a bumpy road to 2% inflation

Fed Chair Sees ‘Significant Progress’ on Inflation. What Does That Mean?