The European Central Bank (ECB) has announced it’s keeping its key interest rate at around the zero bound, maintaining its current plans for a gradual wind-down of stimulus measures, even as eurozone inflation has hit a record high and other major central banks have moved to tighten policy faster in the face of surging prices….
European Central Bank Holds Rates Steady Despite Inflation at Record High
Stocks Shed Gains, Treasuries Jump as Fed Signals Rate Hikes Could Come ‘Soon’
WASHINGTON—U.S. stocks retreated Wednesday, erasing strong gains, after the Federal Reserve signaled an interest rate hike could be coming soon, while supply concerns stemming from tension between Russia and Ukraine saw oil prices touch highs not seen since 2014. Wall Street ended the day in mixed territory after spending most of the day up roughly…
Fed: Rate Hike ‘Soon’; What Is Web 3.0? Chinese New Year To Worsen Supply Chain Woes | NTD Business
The Federal Reserve will continue to withdraw economic stimulus as planned. It’s balancing a doubled edged sword, go too slow inflation could get worse, go too fast the economy could suffer. We have what it means for you. YouTube, jumping on the web-three bandwagon – as new technologies grab the attention of content creators. But what exactly…
NTD Business Full Broadcast (Dec. 16)
December 16, 2021
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The White House unveils a trucking plan to address supply chain issues — and get more truckers on the road. How does it plan to do that? NBA legend Michael Jordan is launching a fan site based on blockchain, how would it work? And central banks rethinking their ultra-easy monetary policies — in the face…
MAS Warns Singapore Homebuyers of Expected Interest Rate Hike
Homebuyers should “exercise prudence” in taking out new mortgages as interest rates are expected to increase, the Monetary Authority of Singapore (MAS) said in its Financial Stability Review released on Dec. 6, 2021. It also advised against undertaking new loan commitments for highly leveraged households. Household debt in Singapore has surpassed pre-pandemic levels, according to…
Bank of Canada Keeps Interest Rates Unchanged, Warns of Omicron Uncertainty
December 8, 2021
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OTTAWA—The Bank of Canada on Wednesday held its key overnight interest rate unchanged, as expected, and said inflation was broadening even as it warned that the Omicron coronavirus variant has created “renewed uncertainty.” The central bank, in a regular rate decision, left its key overnight interest rate at 0.25 percent and maintained guidance that economic…
The Fed’s Impact on Global Trade
Commentary Most people don’t realize that the expansion and contraction of the Federal Reserve’s balance sheet is designed to keep global trade running smoothly. The popular view, which is supported by the Fed, is that monetary policy can promote price stability, maximum employment, and moderate long-term interest rates. Few realize how the Fed moderates long-term…
Fed’s Kashkari Expects Inflation to Stay Hot Over Next Few Months
Minneapolis Federal Reserve Bank President Neel Kashkari, one of the central bank’s most dovish policymakers, said Sunday that he expects inflation to stay elevated—and possibly even accelerate—over the next several months before starting to trend down. Kashkari, who in September was the Fed’s only policymaker to call for leaving rates at their current near-zero level…
Goldman Sachs Predicts Fed Will Raise Rates Faster Due to Persistent Inflation
Goldman Sachs has brought forward its forecast by a year to July 2022 for the first post-pandemic U.S. interest rate hike, with the investment bank predicting that persistently high inflation will force the Fed to roll back stimulus more aggressively. “The main reason for the change in our liftoff call is that we now expect…
Mexico’s Central Bank Raises Interest Rate to 4.75 Percent Over Inflation Concern
The Bank of Mexico raised the benchmark interest rate by one-quarter percent to 4.75 percent in a 4:1 split vote on Thursday over short-term inflation concerns. The central bank of the second-largest Latin American economy, also known as Banxico, revised upward the inflation in the latest inflation forecasts because of “global inflationary pressures and bottlenecks…
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