Tag: us fed

The US Federal Reserve has increased the benchmark interest rate to a target range of 3.75% to 4%. On September 18, the Bank of Japan raised rates by 0.25% to 1.25%.

The Bank of Japan raised its policy rate to the highest level since 1995 and said it will stop paring back its bond purchases from April 2027, amid rising energy costs and firming inflation expectations. The US Fed has held rates steady at the new chair’s first meeting.

Developments in the Middle East are causing global energy prices to rise meaning that inflation is "elevated".

US interest rates have been lowered again by the US Fed to a range of 3.5%-3.75%; as a result Hong Kong has cut its base rate to 4%.

The US Fed has decided to cut rates to a range of 3.75% to 4% during the meeting of the Federal Open Market Committee this week.

The US Federal Reserve has decided to cut interest rates by 0.25% in a meeting this week after the US created only 22,000 jobs in August, well below trend.

The dovish cut is the first by the Fed since March 2020 during Covid, and there could be two more smaller cuts on the way before the end of the year.

US Fed chair Powell has made clear that a rate cut is in view, as markets wait for upcoming job figures to assess the size of any cut.

If correct, this will lead to the federal funds rate ending the year at 4.3%, while the Fed "dot plot" shows 4.63%