News Analysis Inflation is swelling across both advanced and developing economies, impacting a wide range of goods and services in the global marketplace. What does this mean for monetary policy in 2022? Financial markets are betting on tighter monetary policy next year as prices continue to spike in multiple sectors. Analysts anticipate a steady withdrawal…
Bank of England to Be First Major Bank to Hike Rates, Probably in December—Economists: Reuters Poll
LONDON—The Bank of England will be the first major central bank to raise interest rates but whether that initial increase comes as soon as next month or if it waits until early next year has divided economists polled by Reuters. Britain’s central bank surprised markett not a majority of the economists Reuters surveyed in October—by…
Central Banks Likely to Make Policy Errors: Deutsche Bank Survey
October 12, 2021
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The Federal Reserve and the European Central Bank are likely to keep policy settings too loose while the Bank of England will probably err on the hawkish side, most respondents told an October market sentiment survey conducted by Deutsche Bank. The Fed has been moving closer to rolling back its $120 billion in monthly asset…
Inflation Levels in France Hit a Near 10-year High Driven by Soaring Service and Energy Costs
Inflation levels in France hit a nearly 10-year high in September, according to preliminary data published by the INSEE statistics agency on Sept. 30. French inflation rose 2.7 percent, up from 1.9 percent in August; slightly less than the expected average forecast of 2.8 percent in a Reuters poll of 24 economists’ expectations but still its highest rate since December 2011. INSEE said…
Fed Holds Interest Rates Steady, Raises Inflation Projections
WASHINGTON—The Federal Reserve announced on Sept. 22 that it would keep U.S. interest rates near zero as “risks to the economic outlook remain.” The central bank revised up its inflation projections significantly for this year and said the announcement for tapering of bond purchase could come “soon.” The central bank also downgraded its growth forecasts to…
Fed Holds Interest Rates Near Zero, May Conclude Tapering by ‘Middle of Next Year’
WASHINGTON—The Federal Reserve announced on Sept. 22 that it would keep U.S. interest rates near zero as “risks to the economic outlook remain.” The central bank revised up its inflation projections significantly for this year and said the announcement for tapering of bond purchase could come “soon.” The central bank also downgraded its growth forecasts to…
Fed Holds Interest Rates Steady, Could Taper Bond Buying ‘Soon’
WASHINGTON—The Federal Reserve announced on Sept. 22 that it would keep U.S. interest rates near zero as “risks to the economic outlook remain.” The central bank signaled that it could slow its monthly bond purchases “soon” as a first step toward normalizing monetary policy. The Fed officials also revised up their inflation projections significantly for…
Fed Vice Chair Sees Interest Rate Liftoff as Early as 2023
A key Federal Reserve official said Wednesday that the economic conditions for raising interest rates could be met by the end of 2022, paving the way for a liftoff of the Fed’s benchmark rate from its current level of near zero. Federal Reserve Vice Chair Richard Clarida, the Fed’s second-in-command, said in a webcast discussion hosted…
Analysis: Arizona, Virginia Cities Dominate Top 10 Places to Buy First Home
Despite the coronavirus pandemic that overtook the country during 2020, 40 percent of all housing purchases last year were made by first-time buyers, a 14 percent increase over 2019. A new study from WalletHub looks at 300 cities nationwide of varying sizes to rank the best places for new home buyers based on key indicators….
Fed Holds Interest Rates Near Zero, Boosts Inflation Forecast
WASHINGTON—The Federal Reserve announced on June 16 that it would keep U.S. interest rates near zero as “risks to the economic outlook remain.” The central bank made a significant revision to its short-term inflation forecast, reflecting large spikes in consumer and producer prices caused by the supply-chain bottlenecks and strong household demand. “Progress on vaccinations has reduced the…
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