Here's everything to expect when the Fed wraps up its meeting Wednesday
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
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Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
Markets are anticipating a near-zero chance that the policy-setting arm of the central bank will announce any change to interest rates.
Have central bank interest rates peaked in the US and the eurozone? If so, how quickly might they fall? From around mid-2021, central banks clearly had to tighten significantly. But what they have to do next is uncertain. Whatever central bankers might say about what they plan to do, events always have the last word. If, as many now expect, core inflation falls quickly towards their target, they will have to loosen policy. While loss of credibility is damaging when inflation gets too high, it is also so when it gets too low. A return to sub-target inflation and 'pushing on a string' monetary p...