The FED Hikes Interest Rate by 25 BPS Amid Banking Turmoil
At the May FOMC meeting, the FED decided to again raise interest rates by 25 BPS.
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Fed’s Jerome Powell stated on Friday that there is now some breathing room but warned that June’s decision on rate increases is still unclear.
At the May FOMC meeting, the FED decided to again raise interest rates by 25 BPS.
Fed funds futures price in a 50% chance of the US central bank forgoing an interest rate hike this month.
PCE Price Index and Core PCE Price Index rose by 0.6% month-over-month in January, refueling worries over further rate hikes.
Credit Suisse halted payouts for its $3.5B real estate fund as investors rush to avoid losses amid declining property valuations.
After the first FOMC meeting of 2023, the Committee announced it would be raising interest rates by 25 basis points.
Japan's central bank continues the great monetary experiment as the most indebted developed nation.
Annual inflation rate slowed down to 6.5% in December.
Annual and monthly inflation rose by 7.1% and 0.1% in November, compared to analysts' estimates of 7.3% and 0.3%, respectively.
Hedge funds and other big investors are pouring money into stocks that benefit from the US economy avoiding a recession.
US dollar capped its losses Thursday after tumbling over 1% on the release of the FOMC meeting minutes.
CPI in October stood at 7.7% year-over-year, compared to the previous reading of 8.2%.
BoE hiked interest rates by 75 bps Thursday, the largest single increase since 1989. The move takes UK's interest rates to 3%, the highest since in…