Latest Updates Around The World
The Indian central bank has bought 500 billion rupees ($5.5 billion) worth of bonds as planned, as it wants to boost liquidity in the banking system.Closing prices at the auction, which consisted of bonds with maturities ranging from 2029 to 2050, were largely higher than estimates in a Bloomberg News poll. Interest rates fell after […]
Federal Reserve officials are poised to cut rates for a third straight time on Wednesday, but that could be coming to an end.Concerns about persistent inflation have led to deep divisions within the US central bank, likely preventing Fed Chairman Jerome Powell from taking further action early next year. After cutting rates twice this fall, […]
RBI has kept the benchmark interest rate at 6.5% since February 2023 after raising it by 250 basis points during the tightening cycle. | Photo credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) will announce its monetary policy decision on Friday morning, after a three-day meeting of the Monetary Policy Committee that began on […]
The stable nature of mortgage rates in recent weeks is partly related to the consistency in mortgage spreads. The difference between the 30-year mortgage rate and the 10-year government rate is higher than the historical average of 1.60% to 1.80%, but at a current figure of 2.19% is much lower than at the end of […]
Trump’s criticism of the Fed has received support from other allies Federal Agency for Housing Financing Director Bill Pulte has called for Powell’s resignation. Powell, meanwhile, has maintained a cautious approach through 2025, citing uncertainty over government-imposed rates. The Fed cut its key interest rate by 25 basis points in September and October. Economists expect […]
RED ZONE: The tomato price factor in inflation monitoring | Photo credit: DEEPAK KR The 2025-2026 financial year was one of extreme volatility, caused by a rather erratic policy on rates. This has continuously changed the perception of economic performance, making forecasting a challenge. Does this mean that we should look at the predictions with […]
Federal Reserve Vice Chairman Philip Jefferson said Friday that he believes the current stock market surge linked to artificial intelligence is unlikely to be a repeat of the dot-com stock boom of the late 1990s, which ended in bust, largely because AI-related companies are well established and making real profits.A recent Fed report shows that […]
Japanese government bonds (JGBs) remained under pressure on Tuesday, with 20-year yields hitting a 26-year high, as concerns mounted over a massive new stimulus. The 20-year Japanese government bond yield rose 7 basis points (bps) to 2.81%, the highest level since July 1999. The 10-year yield rose 2 basis points to 1.750%, a level not […]
The Federal Reserve should “move slowly” in approving further interest rate cuts as monetary policy moves closer to a neutral stance, Fed Vice Chairman Philip Jefferson said Friday.After a quarter-point rate cut last week, which Jefferson supported, he said “the current policy stance is still somewhat restrictive” and serves to reduce inflation, which available information […]
The 25 basis point cut was confirmed by a vote of 10-2. The dissenting voices came from Fed Governor Stephen Miran, who demanded a 50 basis point cut, and Kansas City Fed President Jeffrey Schmid, who voted for unchanged policy rates. The Federal Open Market Committee (FOMC) also confirmed it would end its quantitative tightening […]
