Federal Reserve rate decision – 01/11 – Having overseen a pause in September the US Federal Reserve looks set to undertake a similar decision this wee
Federal Reserve rate decision – 01/11– Having overseen a pause in September the US Federal Reserve looks set to undertake a similar decision this week, although they still have one more rate hike in their guidance for this year, which markets now appear to be pricing for December. Fed chair Jay Powell in comments made just before the blackout appeared to indicate that a status quo hold is the most likely outcome this coming week, with the key message continuing to be higher for longer.
Having seen its peers report last week, it’s now the turn of one of Asia’s biggest banks HSBC to report their Q3 results. In the wake of their Q2 and H1 results the shares popped above 660p and a 4-year high before slipping back to their current levels on concern over the resilience of the Chinese economy, as well as the banks exposure to the struggling property sector. Pre-tax profits for Q2 came in at $8.8bn, on the back of a 36% increase in revenues to $16.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve Board ends currency trading-tied enforcement action on CitigroupFederal Reserve Board ends currency trading-tied enforcement action on Citigroup
Read more »
US PCE Inflation set to fall further ahead of upcoming Federal Reserve decisionThe Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation gauge, will be released by the US Bur
Read more »
Federal Reserve's preferred inflation gauge shows still-persistent underlying price pressuresAn inflation gauge that's closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth. Prices rose 0.4% from August to September, the same as the previous month. And compared with 12 months earlier, inflation was unchanged at 3.4%.
Read more »
Federal Reserve's preferred inflation gauge shows still-persistent underlying price pressuresAn inflation gauge that's closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth.
Read more »
Federal Reserve's preferred inflation gauge shows still-persistent underlying price pressuresAn inflation gauge that's closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth.
Read more »
Federal Reserve preferred inflation gauge shows persistent underlying price pressuresAn inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth
Read more »