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☆ Fed to take rates higher than previously expected; more pain ahead: Reuters Poll
▼ + stars: | 2022-09-28 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

The survey predicted that would be followed by 50 basis points in December to end the year at 4.25%-4.50%. All but two of 51 economists who replied to an additional question said the risks were skewed towards a higher terminal rate than they currently expected. "The short-run pain of recession would be better than the long-run pain of inflation expectations becoming unanchored." Also, unlike most major central banks, the Fed has backing from a strong currency and a relatively strong economy compared with its peers. "The only way the Fed can do that is to hike rates and keep policy restrictive until that is achieved."

☆ Wall Street's most highly regarded titans are warning 'the worst is yet to come' for stocks. Here's why people like Ray Dalio, Jeremy Grantham, Carl Icahn, and Scott Minerd are bearish on the market's
▼ + stars: | 2022-09-24 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Ray Dalio, Carl Icahn, Scott Minerd, and Jeremy Grantham all warned in recent days of more downside. In recent days, a number of them — including Ray Dalio, Jeremy Grantham, Scott Minerd, and Carl Icahn — have warned that further downside is coming. Ray Dalio, founder of Bridgewater AssociatesRay Dalio at the MarketWatch Best New Ideas in Money Festival in New York on September 21, 2022. Carl Icahn, founder of Icahn Enterprisesvia CNBCIcahn also pointed out this week that it's a generally bad environment for economic growth and investors with the Fed tightening, which he supports. "I think it's going to be worse before it gets better," Icahn said at the MarketWatch Best New Ideas in Money Festival on Wednesday.

☆ RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll
▼ + stars: | 2022-09-23 | by ( Arsh Tushar Mogre | ) www.reuters.com time to read: +4 min

A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. The RBI has lagged many of its global peers, despite inflation sticking above the top end of its target range of 2-6% all year. Register now for FREE unlimited access to Reuters.com RegisterIn the latest Reuters poll, economists were split five ways on what the RBI will do at its next meeting. Slightly over half, 26 of 51, said the RBI would go for a 50 basis point hike, taking the repo rate to 5.90%. Economists expected growth to average 6.2% and 6.5% over the next two years, the poll showed.

☆ Japan unlikely to intervene to stem weak yen, half of economists say
▼ + stars: | 2022-09-21 | by ( Kantaro Komiya | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterStill, a slim majority of economists thought any direct action was a long shot. read moreFive respondents said 150 yen per dollar would prompt intervention. Japan last carried out yen-buying intervention in 1998, when the Asian financial crisis triggered a yen sell-off and rapid capital outflow. Economists expected core CPI to rise to 2.4% this fiscal year, before slowing to 1.2% in fiscal 2023, the poll showed. Elsewhere in the poll, BOJ Deputy Governor Masayoshi Amamiya was economists' top pick for the central bank's next chief to succeed incumbent Haruhiko Kuroda in the spring.

☆ BOJ's dovish deputy Amamiya top candidate as next head: Reuters poll
▼ + stars: | 2022-09-21 | by ( Leika Kihara | ) www.reuters.com time to read: +4 min

As Kuroda's right-hand man, he has consistently called for the need to keep monetary policy ultra-loose to ensure Japan makes a sustained exit from deflation. Like Amamiya, Nakaso is considered a safe pair of hands with his expertise on central bank affairs. The BOJ's dovish stance has made it an outlier among a global wave of central banks tightening monetary policy to combat surging inflation. "While Kuroda is at the helm, the BOJ's ultra-loose monetary policy won't change," said Takeshi Minami, chief economist at Norinchukin Research Institute. "But under a new leadership, the bank could reassess its view on the inflation outlook and thinking on monetary policy."

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