Tag: Economic growth projections
Record Low Three-Year Inflation Outlook in New York Fed Consumer Survey
Consumers in New York City are feeling more optimistic about inflation, according to a recent report from the New York Federal Reserve. While they still expect prices to rise in the short term, their...
Interest Rate Cuts Expected as Labor Market Weakens – San Francisco Fed President Daly
San Francisco Federal Reserve President Mary Daly expressed her expectation that interest rates will be lowered later this year due to the weakening labor market. While she did not provide a specific timeline or...
Weekly Market Update: US Job Concerns and Geopolitical Tensions Take Center Stage
The US job market is causing concerns about a possible recession. The recent data showed that the unemployment rate rose to 4.3%, triggering the SAHM rule which indicates a recession may be underway. This...
Bank of England Cuts Rates Alongside Central Banks – Action Forex
The Bank of England (BoE) recently announced a 25 bps policy rate cut to 5.00%, aligning with other G10 central banks that have eased monetary policy. The decision was made with a split 5-4...
Federal Reserve Meeting: Will Officials Signal Multiple Interest Rate Cuts in 2021?
The US Federal Reserve (Fed) is set to announce its monetary policy decisions after the July 30-31 policy meeting on Wednesday. Market expectations suggest that the Fed will maintain the policy rate at 5.25%-5.5%...