Fed Chairman Jerome Powell hinted that the central bank may stop shrinking its balance sheet in the coming months. The Fed chairman also indicated that the labor market outlook continues to deteriorate, a message that supports investor expectations for another interest rate cut this month. "Our long-held plan is to stop shrinking the balance sheet when foreign exchange reserves are slightly above a level we judge to be consistent with adequate foreign exchange reserve conditions," Powell said Tuesday in prepared remarks for an event with the National Association for Business Economics in...
Australia's central bank held its benchmark interest rate at 4.35% for the eighth meeting in a row, in line with expectations from economists polled by Reuters. In contrast to other central banks in advanced economies, the Reserve Bank of Australia wrote in its statement that "inflation has fallen substantially since the peak in 2022," but also added that underlying inflation is too high. The bank's forecasts also do not see inflation returning sustainably to the midpoint of its 2%-3% target until 2026. Source : CNBC
President Donald Trump said he would fire Lisa Cook from the Federal Reserve's Board of Governors if she does not resign her post over mortgage-fraud accusations from a top...
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...