The Fed held rates steady at 4.25%–4.50% for a fifth straight meeting, as expected, but two governors dissented in favor of a cut the first such dual dissent since 1993. Policymakers observed that, while fluctuations in net exports continue to influence the data, recent indicators point to a moderation in economic activity in H1 contrasting with earlier assessments that growth was proceeding 'at a solid pace'. The Fed also said that the unemployment rate remains low while inflation remains somewhat elevated, and uncertainty about the economic outlook persists. The Fed reinforced that...
Australia's seasonally adjusted Wage Price Index rose 3.4% year-on-year in Q2 2025, matching the previous quarter's pace and exceeding expectations for a 3.3% increase. Acceleration in both the public and private sectors drove stronger-than-expected growth. Public sector wages jumped 4.7%, up from 3.6% in Q1, while private sector wages rose 3.4%, compared with 3.3% previously. This marks a recovery for the private sector, which had previously recorded its weakest growth since Q2 2022 in the previous two quarters. Overall, the electricity, gas, water, and waste services industry recorded...
The Reserve Bank of Australia (RBA) board members decided to lower the Official Cash Rate (OCR) by 25 basis points (bps) to 3.6% from 3.85%, following the conclusion of the August monetary policy meeting. The decision came in line with the market expectations.(alg) Sumber: FXstreet
The Federal Reserve now faces risks to both its inflation and jobs goals, with policymakers needing to balance which seems the more serious threat in deciding whether it is appropriate to reduce interest rates, St. Louis Fed President Alberto Musalem said on Friday. Between tariffs pushing up prices and job growth slowing, "there are risks on both sides of our mandate, and when that happens, when you have risks on both sides, you have to take a balanced approach, which means you have to think about the likelihood of missing on each side of the mandate, the size of the potential miss, and...
United States (US) President Donald Trump announced on Thursday that he would be selecting Stephen Miran, the current Chair of the US Council of Economic Advisors, to replace recently resigned Federal Reserve (Fed) Board of Governors (BoG) member Adriana Kugler. Stephen Miran will be replacing Adriana Kugler as a voting member of the Fed's Board on an interim basis until January 31, 2026. Trump is continuing his trend of appointing team members to multiple roles: Moran already serves as the Chair of the US CEA, a position he was nominated to by Trump at the beginning of his second...
The Bank of England (BoE) announced on Thursday that it lowered the policy rate by 25 basis points (bps) to 4% after the August meeting, as widely anticipated.
According to a statement by the Federal Reserve (Fed), Fed Chair Jerome Powell met with United States (US) President Donald Trump on Thursday, where the head of the Fed reiterated that the Fed's...
The Reserve Bank of Australia (RBA) maintained its cash rate at 4.1% during its April meeting, holding borrowing costs unchanged after slashing 25 bps in the February meeting, aligning with market...