Two officials at the Federal Reserve have expressed differing views on whether or not the central bank should raise its benchmark interest rate again to combat inflation, highlighting the uncertainty surrounding future rate hikes, with more clarity expected from Federal Reserve Chair Jerome Powell's upcoming speech at a Fed conference in Jackson Hole.
The spike in retail inflation has raised uncertainty for investors and savers, with expectations of interest rate cuts being pushed to the next fiscal year and the possibility of a rate hike. The Reserve Bank of India projects inflation to stay above 5% until the first quarter of 2024-25, and food price pressures are expected to persist. While inflation may impact stock market returns, gold and bank deposit rates are expected to remain steady.
The Reserve Bank of Australia is expected to keep its key interest rate unchanged at 4.10% as inflation slows, but economists anticipate a final hike in the next quarter.
The Bank of Canada is expected to maintain interest rates at 5% despite a contraction in the economy, as inflation remains high and the central bank aims to tame it.
The Federal Reserve is expected to maintain its benchmark interest rate and may not cut it until the second quarter of 2024 or later, according to economists in a Reuters poll.
The Federal Reserve is expected to maintain one more rate hike on the table in their updated forecasts, despite their growing faith in the prospect of an economic soft-landing.
Federal Reserve Chair Jerome Powell is expected to maintain a cautious approach and emphasize the Fed's resolve to target inflation and keep interest rates high for an extended period at next week's policy meeting, according to economists. The general consensus among economists is that the Fed will keep rates steady and suggest a possible rate hike later this year while closely monitoring inflation and the labor market.
The Federal Reserve is expected to keep interest rates unchanged at its upcoming meeting, but market participants will be closely watching for any hints regarding future rate cuts.
The Federal Reserve is expected to hold its benchmark lending rate steady while waiting for more data on the impact of previous rate hikes on the US economy, but there is still a possibility of another rate increase in the future.
China maintains benchmark lending rates unchanged as signs of economic stabilization and a weakening yuan lessen the need for immediate monetary easing.
The Federal Reserve is expected to keep its policy rate unchanged, but the revision of the dot plot and comments from Chairman Jerome Powell could impact the valuation of the US Dollar.
The Federal Reserve's decision to leave interest rates unchanged means that savers and individuals with surplus cash have the opportunity to earn a higher return on their money than in recent years, with online banks offering high-yield savings accounts that can provide a return above inflation.
The Federal Reserve kept its interest rate steady but did not rule out another rate hike, suggesting rates may stay above 5% this year and next.
The Swiss National Bank keeps interest rates unchanged at 1.75% and hints that further tightening may be necessary to ensure price stability, while also warning of a possible global economic slowdown and addressing the risk of energy shortage in Europe.
Central banks, including the US Federal Reserve, European Central Bank, and Bank of England, have pledged to maintain higher interest rates for an extended period to combat inflation and achieve global economic stability, despite concerns about the strength of the Chinese economy and geopolitical tensions.
The Bank of Japan has decided to maintain its ultra-loose policy and keep interest rates unchanged due to uncertainties in domestic and global economic growth.
The Reserve Bank of India is expected to maintain its policy rates at the upcoming monetary policy review meeting due to high retail inflation and the US Federal Reserve's hawkish stance.
The Federal Reserve remains committed to raising interest rates despite the rise in U.S. bond yields, as the U.S. economy shows signs of re-accelerating in the third quarter and inflation worries ease.
Indonesia's central bank, Bank Indonesia, is expected to maintain stability in currency and bond markets by holding interest rates steady at its upcoming policy meeting as it aims to bolster confidence in the country's economy and prevent further market turmoil.
The Reserve Bank of India (RBI) expects consumer price index (CPI) inflation to ease below 4 percent in fiscal 2024-25 if there are no further shocks and a normal monsoon, with the central bank rethinking rate cuts only if CPI inflation remains at or below 4 percent on a durable basis.
Economists are adjusting their expectations for a rate cut in India to beyond the first quarter of fiscal year 2025, following a hawkish policy stance from the Reserve Bank of India (RBI) that emphasizes a 4% inflation target.
Wall Street and policymakers at the Federal Reserve are optimistic that the rise in long-term Treasury yields could put an end to historic interest rate hikes meant to curb inflation, with financial markets now seeing a nearly 90% chance that the US central bank will keep rates unchanged at its next policy meeting on October 31 through November 1.
The U.S. Federal Reserve is expected to keep its key interest rate unchanged on November 1 and may delay rate cuts until the second half of next year, according to a Reuters poll of economists.
Federal Reserve Chair Jerome Powell will deliver remarks in New York suggesting that interest rates will remain unchanged at the next meeting, despite uncertainty surrounding future rate decisions.
China has kept its benchmark lending rates unchanged, as economic data suggests stabilization and a weaker yuan limits further monetary easing.
India's monetary policy committee's decision to reinforce the 4% retail inflation target does not necessarily mean that interest rates will remain high for a long period, according to two external members of the committee. The focus now shifts towards bringing inflation to the target level.
The Bank of Canada is expected to keep interest rates unchanged as the economy stagnates, but it may signal the possibility of future rate hikes due to inflation exceeding its target.
Reserve Bank of Australia (RBA) Governor Michele Bullock warns that the bank will raise interest rates again if inflation rises and does not return to its target range of 2-3% within a reasonable timeframe, emphasizing the need to closely monitor incoming data.
The Bank of England is expected to keep interest rates on hold at 5.25% next week, emphasizing its commitment to fighting high inflation despite concerns about a potential recession. Economists predict a 6-3 vote in favor of a rate pause, and the central bank is unlikely to cut rates anytime soon.
The Bank of Canada is expected to keep its key overnight rate unchanged due to a slowdown in economic growth and easing inflation.
The Bank of Canada kept interest rates unchanged but hinted at the possibility of more tightening despite a projected slowdown in economic growth and signs of easing price pressures.
The European Central Bank will likely keep interest rates unchanged as it considers a quicker reduction of its government debt portfolio to combat inflation and a possible recession, shifting the focus to when rates should be cut rather than raised.
The Federal Reserve is expected to maintain its current interest rates, but investors will be looking to Fed Chair Jerome Powell's press conference for indications on future rate hikes.
