Auto Added by WPeMatico

Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal…

Continue ReadingMarkets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction

ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated…

Continue ReadingECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike

The world’s oldest fiat currency, the British pound sterling, slid to an all-time low against the U.S. dollar at a little after 1 a.m. (ET) Monday morning. At the time,…

Continue ReadingBritish Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike