Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs...
Zimbabwe’s ZiG Currency Is More Glitter than Gold
Zimbabwe has a painful relationship with money. At the height of hyperinflation in 2008, the African economy’s billion- and trillion-dollar banknotes could barely buy toilet...
Is Jerome Powell’s Fed Team Less Worried About Inflation?
WASHINGTON, DC – JANUARY 29: Federal Reserve Board Chairman Jerome Powell speaks during a news … [+] conference after a Federal Open Market Committee meeting...
Fed’s Operating Losses Swelled to Record $114.3 Billion in 2023
The Federal Reserve’s expenses exceeded its earnings in 2023 by $114.3 billion, its largest operating loss ever, forcing the US central bank to forgo remittances...
Fed’s Powell Ready to Support Job Market Even if Inflation Lingers
As inflation surged in 2022, the Federal Reserve moved to prevent a wage-hike spiral by jacking up interest rates. Now, with unemployment edging up, the...
Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation
A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to...
Fed Rate Cut Latest: Slow Inflation Retreat to Bolster Powell’s Patience
Inflation in the US probably abated only gradually last month and retail sales rebounded, illustrating why the Federal Reserve is in no rush to lower...
Powell Says Fed Is ‘Not Far’ From Confidence to Cut Interest Rates
Federal Reserve Chair Jerome Powell suggested the central bank is getting close to the confidence it needs to start lowering interest rates. “We’re waiting to...
Gold Rally: The Fed Isn’t Gonna Carry That Weight
To get John Authers’ newsletter delivered directly to your inbox, sign up here. Gold’s performance this year has been the palest of echoes of its...
Don’t Expect the Fed, Bank of England to Return to Ultra-Low Interest Rates
Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all...