The ECB is ‘monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.’ The European Central Bank lifted its key lending rate by 50 basis points Thursday, defying market forecasts that … Read More
LONDON, Feb 2 (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns. The U.S. Federal Reserve has just implemented its smallest rise of its tightening cycle so far. The European … Read More
The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 1.0 percent in November 2022 to 113.5 (2016=100), following a decline of 0.9 percent in October. The LEI is now down 3.7 percent over the six-month period between May and … Read More
(Bloomberg) — Federal Reserve Bank of Philadelphia President Patrick Harker said he expects the central bank to slow the pace of interest-rate hikes in upcoming months as US monetary policy approaches restrictive levels. “In the upcoming months, in light of … Read More
The European Central Bank (ECB) on Thursday announced a record rate hike in a bid to stifle record inflation across the euro area. The ECB’s three key interest rates were each raised by 75 basis points. “This major step frontloads … Read More
(RTTNews) – Germany’s consumer price inflation accelerated more-than-expected in August, after easing in the previous two months, to its highest level in almost half a century as the European Central Bank policymakers prepare to deliver at least a 50 basis … Read More