Fed expected to leave rates unchanged
4 Articles
4 Articles
The US Federal Reserve (Fed) keeps open the possibility of raising interest rates in September. Future contracts assigned a 40% probability to an increase of 25 basis points as of August 12, compared to 60% that bet to keep the cost of money unchanged.The discussion took hold after the last US inflation data.The Consumer Price Index (CPI) advanced 3.4% year-on-year, while the underlying component, excluding food and energy, reached 2.5%. Both me…
Although US inflation showed moderation, it still remains above the 2% target. The market allocates a 40% probability to a rise in September and a more restrictive monetary policy.
European Stocks End the Week Flat as Investors Bet on Fed Rate Stability
European stock markets ended the week broadly unchanged as investors took reassurance from U.S. inflation data and increasingly bet that the Federal Reserve will be less inclined to raise interest rates at its September 15-16 meeting.Oil prices rose 4.1% but remained below $90 a barrel, while gold stayed firm, with the price of an ounce gaining 0.3% as expectations for stable U.S. interest rates supported demand for the precious metal.The Stoxx …
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