Forecasts come as US central bank holds interest rates at 23-year high
Jerome Powell
US Fed, ECB and BoE meet this week as strong labour data suggests policy pivot unlikely
Stronger-than-expected data could complicate direction of monetary policy
Fed chair says US central bank intends to ‘hold policy at a restrictive level’ until price pressures abate
Smart Money: Borrowers can benefit from an eye to monetary policy trends when planning their finances
Officials think more tightening is needed amid tight labour market and ‘upside risks’ to inflation
Raphael Bostic said it was now time to ‘wait and let policy work’ after 5 percentage points rise since March 2022
Fed, ECB and other leaders say tight labour markets mean most aggressive tightening in a generation must continue
Bank of England raised rates by heftier-than-expected 50 basis points on Thursday
First reprieve since US central bank embarked on aggressive monetary tightening programme last year
Quarter-point uptick is 10th hike in little over a year
Market volatility has been three times greater during press conferences held by Powell than those held by his predecessors, Bernanke and Yellen
Federal Reserve’s hike-and-hope move risks credit crunch as banking crisis rattles markets
Banking sector jitters lead to calls for restraint but inflation still hasn’t gone away
YOU MAY ALSO LIKE...
How does a post-Brexit world shape the identity and relationship of these islands
Inquests into the nightclub fire that led to the deaths of 48 people
Weddings, Births, Deaths and other family notices