The Swiss central bank surprised Thursday by pausing in the tightening of its monetary policy, maintaining its key rate at 1.75% while leaving the door open to a new turn of the screw. The Swiss National Bank (SNB), which also once again said it was ready to intervene in the foreign exchange market if “necessary”,…
The fact that the US Federal Reserve would take a break from interest rates was expected on Wall Street and therefore did not cause any joy. On the contrary: indications from the Fed chief of further tightening this year pushed prices into the red. Wall Street responded to the US Federal Reserve’s interest rate decision…
By Jean-Noël Legalland Published on 09/20/2023 at 11:29 a.m. While the Fed’s monetary status quo is almost assured this evening, Geraldine Sundstrom, manager and managing director at the London office of the giant PIMCO (Pacific Investment Management Co.), cited by Bloomberg, judges for her part that the markets could…
FRANKFURT (Reuters) – Even if the European Central Bank’s (ECB) euro zone rate hike, decided last Thursday, appears for the moment to be the last of the current cycle, officials at the institution will need to wait until in March to be sure and further rate hikes cannot yet be ruled out, Bank of Slovakia…
By Jean-Baptiste André Published on 09/13/2023 at 11:22 a.m. New increase of 25 basis points? The money markets now attribute a probability of 70% to an additional tightening by the Bank… Photo credit © iStock (Boursier.com) — New increase of 25 basis points?…
by David Shepardson (Reuters) – General Motors proposed on Thursday to raise its employees’ wages by 10% and make two additional annual lump sum payments of 3% over four years as part of negotiations with the United Auto Workers (UAW) union. Last week, Ford proposed a 9% wage hike through 2027 and lump sum payments…
A new reputable analyst also announces that Apple is planning an unprecedented price increase on its next iPhone 15, and in particular on the Pro models. There have been many reports for several months now all pointing to a price increase for Apple’s upcoming iPhone 15s, and a new analyst has just corroborated this bad…
Laura Laplaud with AFP 08:48, August 30, 2023modified to 9:22 a.m., August 30, 2023 “He speaks, he speaks but does not act.” While prices remain very high on the shelves of supermarkets, representatives of large retailers are summoned this Wednesday by Bruno Le Maire and the Minister Delegate for Trade Olivia Grégoire. A few months…
by Nevzat Devranoglu and Karin Strohecker ANKARA/LONDON (Reuters) – Turkey’s latest massive interest rate hike has drawn the attention of long-skeptical foreign investors to the prospects for Turkish assets, which they could now reverse if authorities continue to demonstrate that a return to an orthodox monetary policy is underway. The lira gained as much as…
“Inflation still too high” Fed flirting with another rate hike 08/25/2023 5:29 p.m Will the US Federal Reserve raise interest rates again? This question drives the market. In Jackson Hole, Fed Chairman Powell allows himself to be cautiously examined. The tenor: interest rates could well continue to rise. This contradicts the expectations of the market….
It is too early to declare victory and end the cycle of rising interest rates, a member of the US Federal Reserve (Fed) said on Tuesday, while acknowledging that inflation was now moving in the right direction. I’m not ready to announce that we’re done, but I see positive signs, said Minneapolis branch president Neel…
War in Ukraine – ruble weakness: Russia’s central bank reacts by raising interest rates – News – SRF Skip to content Some elements on SRF.ch only work with activated JavaScript. News International Current article Contents Author: Jakob Hediger is on the live ticker According to the authorities, western Ukraine is massive on Tuesday night fired…
