Fed’s Paulson Says Modest Further Rate Increases May Be Needed
Federal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.
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Federal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.
The Bank of Japan raised its benchmark interest rate to 1.25% on Friday as it grapples with rising inflation and pressure from Washington. The move marks Japan’s fastest pace of rate hikes in more than three decades. Aya Wagatsuma explains. (Source: Bloomberg)
Paul Donovan of UBS Global Wealth Management joins Bloomberg's Guy Johnson on "Bloomberg Brief" to discuss his reaction to the BOJ raising its key interest rate and his thoughts on what's next for the Federal Reserve and Chair Kevin Warsh. (Source: Bloomberg)
Tokyo, Sept. 18 (Jiji Press)--Bank of Japan Governor Kazuo Ueda said Friday that conditions for the central bank's monetary policy management have changed. "We don't assume a specific pace for further interest rate hikes," he told a press conference after the BOJ's decision earlier in the day to raise the policy interest rate by 0.25 percentage point to around 1.25 pct. It was the first int...
Central banks around the world have hiked rates as high energy prices are pushing up inflation.
Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.
Australia’s central bank board needs to decide later this month whether its benchmark interest rate is at a level sufficient to restrain price pressures and return inflation to target, Governor Michele Bullock said.
Alexandra Ivanova, fund manager at Invesco Fixed Income, discusses what to expect from the Federal Reserve's interest rate decision. Speaking on Bloomberg Television, she says "it's actually going to be more risky" if the central bank holds rates. Ivanova also talks about market positioning ahead of the decision. (Source: Bloomberg)
Prices spiked as attacks on oil tankers escalated in the Middle East.
The Bank of Japan is leaning toward raising its benchmark interest rate by a quarter point this month in response to upward price risks, while leaving open the possibility of accelerating the pace of hikes thereafter, according to people familiar with the matter. Bloomberg's Skylar Montgomery Koning has more. (Source: Bloomberg)