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Search resuls for: "50bp"


8 mentions found


☆ Goldman Sachs lays out 3 reasons why the Fed won't pivot, but will keep hiking into 2023
  + stars: | 2022-11-01 | by ( George Glover | ) www.businessinsider.com   time to read: +3 min
The Federal Reserve will carry on hiking interest rates after its February meeting, Goldman Sachs said. It will keep raising rates because of sticky inflation and to prepare for a potential pivot, Goldman said. The Goldman Sachs team, led by chief economist Jan Hatzius, forecast the Fed will then transition to smaller rate hikes for three reasons. Last, bringing in smaller rate hikes until March will put the Fed in a better position for a future pivot. Read more: Morgan Stanley's Mike Wilson says the Fed will pivot from interest rate hikes 'sooner rather than later' to help stocks rally by his predicted 6%
☆ Dollar weathers suspected yen intervention, China data mixed
  + stars: | 2022-10-24 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
SYDNEY (Reuters) - The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while most share markets rallied on just the hint of an eventual slowdown in U.S. rate hikes. REUTERS/Issei KatoThe dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. Also moving was sterling, which see-sawed on news Boris Johnson had dropped out of running for British prime minister. The Bank of Canada is also expected to tighten by 75 basis points at its meeting this week.
☆ Dollar absorbs suspected yen intervention, China data mixed
  + stars: | 2022-10-24 | by ( Wayne Cole | ) www.reuters.com   time to read: +4 min
SYDNEY (Reuters) - The U.S. dollar weathered another suspected blast of Japanese intervention to push higher on the yen on Monday, while for equities a drop in Chinese markets took the shine off hopes for an eventual slowdown in U.S. interest rate hikes. REUTERS/Issei KatoThe dollar started in a bullish mood with an early rush to 149.70 yen, before taking a sudden spill as far as 145.28 in a matter of minutes. Yet speculators seemed undaunted and took the dollar back up to 148.90 in choppy trading. Japanese authorities again declined to confirm whether they had intervened, but the price action strongly suggested they had. [GOL/]Oil prices surrendered early gains following soft data on Chinese demand.
☆ Dollar shrugs off suspected yen intervention, Europe clings to Fed hopes
  + stars: | 2022-10-24 | by ( Wayne Cole | Amanda Cooper | ) www.reuters.com   time to read: +5 min
LONDON/SYDNEY (Reuters) - The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift from hopes that U.S. interest rates could rise more slowly than previously thought. Japanese authorities again declined to confirm whether they had intervened, but the price action suggested they had. Sterling, meanwhile, see-sawed in volatile trade on news Boris Johnson had dropped out of the running for British prime minister. The peak for rates has also edged down to around 4.87%, from above 5% early last week. “Although we do not expect any ‘dovish’ policy signal, we maintain a bias towards a lower rate path than currently priced by markets,” said analysts at NatWest Markets in a note.
☆ Australia's c.bank says to hike rates more, can keep pace with global peers
  + stars: | 2022-10-18 | by ( ) www.reuters.com   time to read: +2 min
SYDNEY, Oct 18 (Reuters) - The Reserve Bank of Australia expects to raise interest rates further over the coming months, the deputy governor said on Tuesday, noting that the bank can achieve a similar tightening in rates to its global peers through smaller hikes. "This is a particular advantage in uncertain times, as it allows more frequent evaluation of the evidence and recalibration if necessary," said Bullock. Register now for FREE unlimited access to Reuters.com Register"It also means that if we increase interest rates at every meeting, we can potentially move much faster than overseas central banks." "The Board expects to increase interest rates further over coming months. But the pace and timing will be determined by the economic data," Bullock said.
☆ Bank Indonesia playing catch-up, to deliver another 50 bps rate hike on Thursday: Reuters poll
  + stars: | 2022-10-18 | by ( Devayani Sathyan | ) www.reuters.com   time to read: +3 min
Relatively lower inflation allowed the central bank to hold off with raising rates until August. But in September inflation reached 5.95%, the highest since 2015, and will likely push the central bank to continue tightening. BI, until recently one of the world's last dovish central banks, followed a modest quarter-point rate rise in this cycle with a surprisingly aggressive 50 basis point rise in September. The weaker rupiah , down more than 8% so far this year, has prompted economists to bring forward their rate hike expectations. Reuters Poll: Indonesia inflation and monetary policy outlookThe poll showed inflation was expected to average 4.6% this year and inch down to 4.5% in 2023, a massive upgrade from 3.9% and 3.5% predicted in July.
☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
  + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?
☆ The Fed may raise rates by less than expected in November as the housing market is in a deep recession
  + stars: | 2022-09-19 | by ( Carla Mozée | ) www.businessinsider.com   time to read: +3 min
A "deep recession" in the housing market may lead the Fed to hike rates by less than expected in November, said Pantheon Macroeconomics. The Fed may opt to raise rates by 50 basis points instead of 75 basis points, which is what investors were widely pricing in. Still, the housing market is in a "deep recession," and the pain will spread beyond homebuilders soon to depress housing-related retail sales, he warned. The Fed has raised interest rates four times in 2022, leading 30-year mortgage rates to rise above 6% for the first time since 2008. The rate of the Housing Market Index's decline has slowed in recent months but the latest report likely doesn't mark the floor, said Shepherdson.
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