Powell maintains 'hawkish tilt' at Jackson Hole
Federal Reserve chair Jerome Powell emphasised the Fed’s readiness to maintain a “restrictive” policy at the Jackson Hole symposium.
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Federal Reserve chair Jerome Powell emphasised the Fed’s readiness to maintain a “restrictive” policy at the Jackson Hole symposium.
From a rising yen to debt market derivatives, market signals reveal how investors are going for some cheap but fail-safe options to make money on the off chance the Bank of Japan surprises them with a...
From a rising yen to debt market derivatives, market signals reveal how investors are going for some cheap but fail-safe options to make money on the off chance the Bank of Japan surprises them with a tweak to policy settings this week. The trading pattern in the run-up to the BOJ's two-day meeting, which ends on Friday, is familiar: Investors have been betting all year the BOJ will finally relent on its stubborn ultra-easy monetary stance and adjust its yield curve control. But this time, wary of repeated past disappointments, many investors are avoiding direct and potentially expensiv...
Japan's 10-year bond yield rose on Friday, pushed higher by a rise in U.S. yields overnight, while speculation about the risk of a hawkish policy shift by the Bank of Japan next week continued to...
Hawkish central banks have sent a resounding "no" to markets betting recession would force rate cuts soon, leaving money managers scrambling for direction as the second half of the year approaches. The U.S. Federal Reserve on Wednesday paused its most aggressive rate hiking cycle in decades, but signaled that borrowing costs will likely rise by another half of a percentage point by year-end given sticky inflation. The European Central Bank followed on Thursday, leaving the door open to more rate hikes as it flagged risks from rising wages and revised up its inflation projections, s...